10 implications of the UK General Election result for non-doms
13 May 15
The Conservative Party’s surprise majority victory in the UK General Election will allow the new government to press ahead with its promise to make greater efforts to counter tax avoidance and evasion. Here are 10 points that highlight what this means for those claiming non-domicile tax status.
2. Data connections pursued
HMRC has introduced new software called “connect”, which connects up various bits of data, e.g. a person owning property either in the UK or abroad. This allows HMRC to find out about a person’s foreign properties, and then to compare this to the tax return to find out if they are declaring their rental income or not.
Tags: Non Doms | Tax Avoidance
