The UK Government has announced changes to the immigration rules for the Tier 1 (Investor and Entrepreneur) Visa applicants with effect from 6th April 2015. Tier 1 (Investor) Visa applicants There is a new requirement to open a UK bank or investment account before applying for the visa. The minimum age for applicants will increase…
DetailsThe Russian Federal Tax Service (“FTS”) has published a new interpretation of the Russian laws of residency for individuals. Such guidance is not new law, but it would be taken into account by the Russian courts. The Russian Tax Code defines an individual as being Russian tax resident if they are physically present in Russia…
DetailsA tax update from Mark Davies & Associates Ltd Autumn Statement – 3 December 2014 George Osborne has delivered his final Autumn Statement before the General Election next year. As usual here are our comments directed at our non-dom clients and their advisers. Changes to the Remittance Basis Charge (“RBC”) Some foreign domiciled individuals, “nondoms”,…
DetailsMark Davies comments in the Financial Times on Wednesday 19th November. http://t.co/FJlJSVAGEB For more information on de-offshorization, click here.
DetailsNow that a photo can be shared globally by a quick tap on a phone the necessity to control access to your own image and its value has never been more urgent. Guernsey hosts the only service in the world where an image, mannerism or even a gesture can be registered ensuring that its reproduction…
DetailsUnder the remittance basis UK resident but not UK domiciled persons, “nondoms”, can take advantage of an alternative basis of taxation, commonly called the remittance basis. Where the remittance basis is claimed foreign sources of income or gains are not subject to UK tax unless they are actually remitted, used or enjoyed in the UK. Borrowing…
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