Residency & domicile
Liability to UK taxation depends on an individual's residence, ordinary residence and domicile.
HM Revenue and Customs have extensive powers to charge interest and penalties for the avoidance or incorrect declaration of income for tax purposes, and understanding the differences between where you are resident and domiciled can be a major factor in making key declarations which will affect your liability to UK tax.
For those who have a base or with extensive interests outside of the UK, or are coming to the UK, the implications for tax can be significantly affected by your tax status.
Contact Us today to discuss how we can assist with your residency and domicile position.