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Mark Davies reveals a warning for non-doms in ePrivateClient the leading online news service for private client practitioners.

Articles and Publications, Investigations, MDA in the News, Offshore Trusts and Structures, Press Releases and Commentary, Property Holding Structures, Taxation of Nondoms, Uncategorised

There is a stark warning for non-doms with offshore structures in HMRC’s recent publication “No Safe Havens 2019”. Last year HMRC received 5.67 million records of UK tax payers’ offshore bank accounts under the Common Reporting Standard. They correlated these with the tax return submissions and property sale information of 500,000 individuals. Illegal tax evasion…

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Mark Davies comments in American Ex-Pat Financial News Journal

Articles and Publications, Taxation of Nondoms

American ex-pats may be interested in the Chancellor, Phillip Hammond’s recent Spring Statement which unveiled two new publications on the subject of Tax Avoidance. In the American Ex-pat Financial News Journal, Mark Davies comments on the costly effects of honest mistakes for ex-pats living in the UK. Read the article here:- https://americanexpatfinance.com/news/item/133-uk-again-vows-crackdown-on-offshore-tax-evaders-in-spring-statement      …

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Why Dutch Sandwiches are off the menu in Overseas Territories and Crown Dependencies

Offshore Trusts and Structures, Tax Updates

Contrary to popular belief, international tax planning is not so much about avoiding tax. Usually advisers help their clients avoid being taxed more than once on the same profits. Use of Dutch Sandwiches or Subsidiary Companies It is not uncommon for a subsidiary company to pay local tax on its trading revenues, then declare a…

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UK Visa & Tax Package

Immigration

About us Mark Davies & Associates are a firm of professional tax advisers, specialising in the UK taxation of foreign domiciliaries. With vast experience and extensive qualifications the team are regarded as leaders in tax issues surrounding residency, domicile, immigration and the remittance basis. We work in partnership with a number of high quality immigration…

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Protected Trusts – what action should our clients take?

Offshore Trusts and Structures, Tax Updates, Taxation of Nondoms

HAVE PROTECTED TRUSTS TURNED INTO FALSE PROMISES? Those worrying about what else has been neglected, whilst the UK government’s attention is wholly fixed on Brexit and infighting, will take no comfort from HM Revenue’s recent statement that offshore income gains are not within the new Protected Trusts regime. Background The introduction of the Deemed Domicile rules for income and capital gains tax from April 2017 ended the unlimited access…

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