Res Non-Dom Changes to Proceed

In our article dated 1st May 2017 ‘Hold on Changes to UK Taxation of Res Non-Doms’, we noted that the proposed changes to the UK taxation of non-domiciliaries, which were to take effect from 6 April 2017, had recently been put on hold due to a shortage of Parliamentary time in advance of the upcoming General Election, with some uncertainty as to when or how they would be further implemented.

The UK government has now announced that the proposed changes to the taxation of non-domiciliaries will be re-introduced, and where it was previously unclear as to whether implementation would be through a further Finance Bill after the election (and backdated to 6 April 2017) or postponed to 6 April 2018, it has now been confirmed that the changes will be implemented with effect from 6 April 2017.

Read more on our UK site here.