Tax Advisory Partnership - Blog

UK Tax Residency and the Impact of Covid-19

The world is seeing unprecedented disruption as we try and cope with the outbreak of the latest coronavirus.

March 19, 2020 by Jamie Favell in tax news , COVID-19 , Coronavirus , residency

Budget update 2020-21

Today the UK government announced its Budget for 2020-21.

March 11, 2020 by Jamie Favell in pension planning , entrepreneurs relief , tax news

HMRC’s Offshore Investment Fund Letters

It has become evident that HMRC are acting on information received under the Common Reporting Standards (“CRS”) and other information exchange agreements to make contact with taxpayers that they ...

November 13, 2019 by Jamie Favell in information exchange , overseas assets , Worldwide Disclosure Facility , non-dom , offshore non-disclosure , failure to disclose

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HMRC Requesting Offshore Income & Gains information

As previously discussed here HMRC have been targeting taxpayers who they believe have overseas income and gains, which may not have previously been disclosed.

October 17, 2019 by Jamie Favell in HMRC threats , offshore gains , overseas assets , criminal offence , non-dom , offshore non-disclosure , Offshore Income Gains , failure to disclose

HMRC access offshore financial information

Non-Dom’s Targeted by HMRC Policy Paper

While the 2019 Spring Budget was a fairly benign event for private clients, HMRC published a policy paper which is worthy of further commentary and of particular interest to our non-domiciled ...

March 14, 2019 by Jamie Favell in Non-Dom Tax , Private Client Tax , Client News

HMRC's "Offshore Income or Gains” Letters

HMRC are currently sending out letters to taxpayers requesting more information on overseas income and gains, which may not have previously been disclosed to HMRC. This letter has been sent ...

February 14, 2019 by Jamie Favell in Current Affairs , foreign income , HMRC threats , information exchange , Non-Dom Tax , offshore gains , overseas assets , overseas income , Private Client Tax , undeclared , WDF , criminal offence , foreign gains , offshore income , overseas gains , Press Releases , Worldwide Disclosure Facility

Our Private Client Tax Partner Jamie Favell was recently featured in the ePrivate Client annual feature on Switzerland discussing the tax implications of being dual resident in the UK and ...