Non-dom reforms

Non-dom reforms

The remittance basis tax relief offered to non-UK domiciled individuals (non-doms) will be removed and replaced with a simpler residence-based regime from 6 April 2025.

Tax expert highlights offshore disclosure law

Tax expert highlights offshore disclosure law

A new law will require individuals and trustees with undeclared tax liabilities related to offshore matters to disclose them to HMRC by 30 September 2018, or face much stiffer penalties.