residence and non residence Archives - Page 2 of 4 - Whitefield Tax Limited - Isle of Wight Accountants

Offshore tax evasion – new HMRC consultation

by Jessica Garbett | Nov 9, 2014 | ACCA, HMRC, residence and non residence

The government continues its crackdown on those seeking to illegally evade their UK tax liability by using offshore tax shelters. £1.5bn has been recovered from offshore tax evaders over the past two years and the government is continuing with measures to improve tax...

HMRC withdraws concession on remittance basis

by Jessica Garbett | Oct 22, 2014 | ACCA, personal finance, personal taxatation, residence and non residence

In August changes took effect around how money brought into the UK or used in the UK under a loan facility secured by foreign income or gains is treated. A taxpayer who is resident but not domiciled in the UK can elect to pay tax on the remittance basis, ie he is...

The non-resident landlord scheme – Under which circumstances should tenants pay their landlord’s rent direct to HMRC?

by Jessica Garbett | Aug 20, 2014 | ACCA, personal taxatation, property taxation, residence and non residence

There is an obligation on letting agents and tenants to operate the non-resident landlord scheme (NRL scheme) under certain conditions. Letting agents of a non-resident landlord must: deduct tax from the landlord’s UK rental income; and pay the tax to HMRC. Tenants...

New HMRC guidance on residence and domicile (RDR 1)

by Jessica Garbett | Dec 22, 2013 | ACCA, personal finance, personal taxatation, residence and non residence

HMRC has produced new guidance dealing with tax residence and domicile for tax years 2012/13 onwards. The new guidance, RDR 1, is effective from 6 April 2013 and replaces the previous guidance, HMRC 6. It reflects the introduction of the legislative changes to the...

Trading overseas and withholding tax

by Jessica Garbett | Sep 20, 2013 | ACCA, personal taxatation, residence and non residence

With the government keen to encourage exportation of goods and services to help the UK economy grow, we examine the question of withholding tax and the steps that can The UK has made comprehensive double taxation agreements with most Commonwealth and many foreign...

September Newsletter

by Jessica Garbett | Sep 6, 2013 | newsletter, residence and non residence

This month’s newsletter includes a few reminders: application of the National Minimum Wage, registration for Self Assessment if the High Income Child Benefit Charge applies, Charities and the online Gift Aid system, and finally, the need to register under the Machine...

Offshore tax evasion – new HMRC consultation

HMRC withdraws concession on remittance basis

The non-resident landlord scheme – Under which circumstances should tenants pay their landlord’s rent direct to HMRC?

New HMRC guidance on residence and domicile (RDR 1)

Trading overseas and withholding tax

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