Originally broadcast on Tuesday, May 15, 2012 - 15:30

The rules relating to taxation of non-domiciliaries are in a state of flux. Not only is the Government planning to introduce a new statutory residence test in 2013 but they have also increased the annual charge for the remittance basis. From this April if the individual is resident in the UK for 12 years or more the charge will be £50,000. Concurrently, the Government has introduced a new relief whereby any untaxed foreign income and gains brought to the UK for the purposes of commercial investment in UK businesses will not incur a tax charge.

This webinar will ensure that you are fully up to date with the new rules and their practical implications.

This webinar will cover:
• Statutory residence test – the new rules
- Definition of ‘connection factors’
- What action needs to be taken before April 2013?
• New remittance rules
• Nominated accounts & payment of tax
• Business investment relief
• Foreign currency accounts
• Coming to and leaving UK