Non-Dom Tax
Non-Dom Tax
We advise on UK non-domiciled tax issues in order to minimise taxes for people arriving in the UK.
The tax savings are often substantial – but the rules must be carefully followed. We can help in a wide number of areas including:
- Double Taxation
- Capital Gains Tax
- Income Tax
- Inheritance Tax
- Tax Investigations and Tax Enquiries
- Trusts
- Enterprise Investment Scheme – EIS
We have significant experience advising on non-dom issues and negotiating them with HMRC (the UK tax authority).
Contact us as early as possible because your non-dom tax arrangements should ideally be confirmed before you arrive in the UK.
Non-Dom Tax Case Study 1) John
The problem
John had left his global employer and emigrated. His employer paid him a bonus and deducted PAYE. Subsequently, John wanted to watch his London-based football club in the FA Cup final and needed to understand the tax consequences of spending more time in the UK.
How we helped
We reviewed the situation and advised tax was not due on the bonus (contrary to the approach taken by the global employer).
We also reviewed his past and future plans to assess his income subject to UK tax. We appealed to HMRC and they agreed to our advice and refunded John over £700,000.
Non-Dom Tax Case Study 2) Marc
The problem
Marc had relocated from Paris to a senior role at a multinational in London. He was already in the UK when he sought advice. His employer had not provided any relocation tax advice.
How we helped
We reviewed Marc’s personal affairs and identified opportunities to secure a large tax refund for working in his new role.
Marc now receives an annual refund of around 1/3rd of his PAYE tax. (Many tens of thousands of pounds p.a.)
Non-Dom Tax Case Study 3) Anne and Harry
The problem
Anne had also completed tax returns for Harry, a good friend, forgetting to declare property income for about 10 years at the same time. She was having sleepless nights.
How we helped
We advised Anne and Harry on how to rectify the situation. This involved explaining the process and the attitude of HMRC towards penalties and interest.
The Result
We prepared the necessary disclosures to HMRC and negotiated minimal tax penalties.
Non-Dom Tax Case Study 4) G
The problem
G is a high-earning City executive, working for a large US bank, in a trusted role.
He had tried using a tax-based investment opportunity. It turned out to be fraudulent – so he had completed his tax returns incorrectly. G was concerned his career would be impacted.
The Result
HMRC relatively quickly accepted our proposals without imposing any penalties.
Next Step
Contact us for help and advice with your nom-dom taxes.