New guide to Tax Residence HMRC 6

HMRC have published a new guide (HMRC6: Residents and non-residents; Liability to tax in the UK), setting out the taxman’s views on how to determine the country of Tax Residence and Domicile for individuals. It replaced the booklet IR20 which has been considered out of date for some time.  It provides guidance for taxpayers who need to consider their Tax Residence, Ordinary Residence and Domicile for Income Tax and Capital Gains Tax purposes. It also explains the Remittance Basis and when individuals might be liable to pay the Remittance Basis Charge.

Despite running to 79 pages the guide has been criticised by many professional commentators.  One leading QC called it “hopelessly vague”!

These are considered to be some of the most complex areas of tax law and tax enquires into these issues have proved to be a fertile hunting ground for the taxman.

Lynam tax enquiry experts have substantial experience in dealing with these issues and an excellent track record of securing significant tax and penalty savings compared to the amounts claimed by the tax inspectors.

If you’re subject to a worrying Tax Enquiry or Inspection; or you want to make a disclosure; or are simply worried about your tax position and confused by the complex and baffling rules,  and need to discuss this with a sympathetic, experienced professional, then:

For a free, private, no obligation consultation, call Paul Lynam today on 0845 643 9997

or Andrew Nutbrown on:  07718 778710