As part of our UK
and US tax return preparation service ,we will help you to understand
your tax status in the UK.
The extent to which you will be liable to UK tax will depend on
whether you are:
- Resident; and/or
- Ordinary resident; and/or
- Domiciled in the UK
These terms are not defined in law but the rules are largely based
on case law. The Inland Revenue’s interpretation of the rules,
which are accepted in practice, is given in their booklet IR20 which
can be found at:
There has been much publicity over the last couple of years about
reviewing the rules and their application following the publication
of an Inland Revenue consultation document. However, as yet there
have been no changes announced. Our view is that the booklet IR20,
although generally helpful in its guidance, often answers the wrong
questions with incomplete answers or does not deal with many realities
of the modern commercial world.
How can Stephen Asher Consulting help you?
Whether you are coming to the UK, are already working here, or
are leaving the UK, it is important that you seek advice as to:
- What your residence and domicile status is or will be
- What are the resultant tax implications, including UK
- How to structure your affairs to take advantage of any beneficial
- What records you need to keep
- How the remittance basis of taxation works
If you would like an initial consultation, please call or email Alison Asher.