What is happening in the U.K.? – A review of the tax treatment of non-domiciled individuals.
STEP NEW YORK
DATE: June 3, 2020
TIME: 12 to 1pm EST
One Hour CLE
TOPIC: What is happening in the U.K.? – A review of the tax treatment of non-domiciled individuals.
Over the last decade the U.K. has seen many changes to the tax treatment of non-domiciled individuals in the U.K. and significantly increased the focus on the “offshore” world.
In this webinar, we will review:
The current status of the remittance basis of taxation
The “simplified” tax residency rules (Statutory Residency Test) and COVID-19 reliefs
HMRC’s changing attitude towards offshore trusts
Foreign tax credit issues for US Persons living in the U.K.
The “failure to correct” regime and other HMRC enforcement measures
We will explore the current attitude of the U.K. Government towards incoming wealth and consider what this may mean for the future
Brexit update on immigration, tax and regulatory rules
SPEAKERS:
Mark Summers, Partner, Charles Russell Speechlys AG
Iain Younger, Frank Hirth