residence & domicile

EC formal request for the UK to amend its anti-avoidance legislation

Cathy Corns
February 06, 2012 10:20

On 6 December it was announced that the UK is planning to change two key anti-avoidance provisions: the rules governing transfers of assets abroad and the attribution of gains made by non-resident companies. Apparently proposals will be published for consultation around the time of Budget 2012...

Statutory Residence Test Postponed

Lisa Spearman
December 06, 2011 11:30

The Government has issued the draft Finance Bill today with a number of other documents and announcements. A key – and somewhat disappointing announcement is that the new statutory residence test will not now come in to force until 2013/14 – a year later than we had hoped. The...

UK-Swiss Tax Agreement

Lisa Spearman
November 03, 2011 13:02

There has been a lot of press coverage recently concerning this historic agreement designed to combat offshore tax evasion. This note sets out the main points of the agreement which was formally signed on 6 October and will come into force on 1 January 2013. The Basics The agreement will affect...

Gaines Cooper - a Long and Winding Road comes to an end

Lisa Spearman
October 19, 2011 10:11

Accountancy Age is reporting on Twitter that Mr Gaines Cooper has lost in the Supreme Court. The judgement was not unanimous and the dissenting judge argued that the necessity for a clean break should have been clearly expressed.

US relief for the remittance basis charge confirmed

Lisa Spearman
August 15, 2011 11:24

It is reported that the remittance basis charge is accepted as being relievable against US tax. Since its introduction in 2008, it was unclear whether the remittance basis charge of £30,000 was creditable in the US meaning that many US taxpayers felt unable to claim the remittance basis in the UK...