| Gaines-Cooper: Supreme Court decision released The Supreme Court's long-awaited decision in this case was handed down on 19 October 2011. It heard combined appeals from Robert Gaines-Cooper and two other taxpayers against a Court of Appeal decision to dismiss their application for a judicial review of HMRC's determination of their residence position. The appeals considered the application of HMRC's booklet, IR20. Read our alert. Private Client Services Our multi-disciplinary team of specialists can advise you on all areas of personal taxation and estate planning including trusts, inheritance tax, succession planning, capital gains tax and business structuring both in a UK and an international context. Find out more... Agricultural and Landed Estates Group Ernst & Young’s Agricultural and Landed Estates Group is dedicated to providing tax advisory and accounting services to farms and landed estates. Find out more... Personal tax returns We have a team of experts, who can complete your tax form, calculate your tax liability and even notify you when any payments are due. Find out more... Consultation into the taxation of non-domiciled individuals On Friday 17 June the Coalition Government published the long-awaited consultation document into the taxation of Non-UK domiciled individuals. The consultation was announced at the time of the Budget and it was promised that the remittance basis of taxation would be amended to increase simplification and to encourage non-domiciled individuals to invest into the UK. Now that we can finally see the detail of what is being considered, to what extent have these aims been achieved? Read our alert to find out more. Statutory residence test consultation In his 2011 Budget speech, the Chancellor of the Exchequer, George Osborne announced that he would seek to introduce a statutory residence test for 6 April 2012. On 17 June 2011, HMRC released a consultation document setting out the planned changes in this area. Click here to read our alert. Taxing assets held via Swiss accounts HM Revenue and Customs (HMRC) now has an agreement with the Swiss authorities which, at its heart, will place obligations on Swiss institutions ('paying agents') to collect and pay over tax to HMRC, via withholding, or disclose information about investors/clients that will allow HMRC to pursue taxation. The agreement applies to both past wealth and future accretions of wealth. The agreement, which is expected to come into force on 1 January 2013, applies to all individuals who appear to be UK tax resident, without exclusion. Read our alert to find out more. |
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