Taxation of non-UK domiciles – where are we now?

Finance Bill 2017 proposed some significant changes to the law on domicile – these were summarised in a Briefing we sent last year.

With the need to obtain Royal Assent to the Finance Bill 2017 last week following the surprise announcement of a General Election to be held on 8 June, the Bill was reduced from the original whopping 762 pages (longer, according to the FT, than J.R.R. Tolkien’s ‘The Lord of the Rings’) to a more manageable 154 pages. Amongst the items removed were those relating to the domicile changes.

Hurrah? Well, not really: the consensus of opinion amongst professional advisers (including us) is that the relevant provisions will almost certainly be enacted in another Finance Act after the election.  What is less certain is whether any reinstated changes will be effective from the dates originally proposed or whether everything will be pushed back a year. We will keep you posted.

For more information, please get in touch with your usual BKL contact or use our enquiry form.

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NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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