Tax Director Jon Elphick writes ‘How athletes will be affected by the UK’s changes to “non-dom” tax rules’ for Law in Sport

Jon Elphick, Tax Director for Mark Davies & Associates  writes ‘How athletes will be affected by the UK’s changes to “non-dom” tax rules’ for Law in Sport. Read the full article below or click here to go to Law in Sport’s website.   On 8 July 2015, the UK government announced its intention to reform…

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Consultation on non-dom and IHT reforms, Mark Davies feature article in Taxation Magazine

Mark Davies article ‘Consultation on non-dom and IHT reforms’ has been published in the latest issue of Taxation Magazine. Click here to see the article on their website, or continue reading below. The government is pressing ahead unwaveringly with its latest set of proposals to reform the UK tax regime for non-doms. George Osborne, the former Chancellor,…

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Mark Davies champions a Jersey non-dom’s right to the free movement of capital

In a case which has left some tax experts scratching their heads, the England & Wales Court of Appeal has ruled that the UK assets of a Jersey-domiciled woman are liable to UK inheritance tax, in spite of their having been left to a charitable trust in Jersey. The case has received little attention outside…

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Non-dom reforms could cost the UK £545m in tax revenue; Mark Davies comments in ePrivate Client

New reforms set to overhaul the taxation of non-doms from April 2017 could cost the UK as much as £545 million in tax revenue, new research from the Freedom of Information Act has suggested. The proposals, first laid out by former Chancellor George Osborne in July 2015, were designed to make non-doms pay their fair…

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Tax avoidance penalties for enablers – Latest news from Mark Davies

You may have read in the press that HM Revenue and Customs (“HMRC”) has released a consultation document outlining the latest measures to crack down on perceived Tax Avoidance by UK taxpayers by targeting “enabler” including tax advisors, offshore trustees and banks. The consultation, entitled “Strengthening Tax Avoidance Sanctions and Deterrents”, is purported to be…

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