For many years, non-UK domiciled individuals have had the option to be taxed in the UK on their foreign income and gains on the remittance basis. So as long as these are not brought to the UK, no tax is payable – isn’t that right? This is not always the case.
To find out more, please download our common offshore tax misconceptions flyer.
If you would like to discuss any concerns you may have and how these may be resolved to ensure compliance and provide peace of mind going forward, please contact Andrew Hinsley, Andrew Walker or your existing RSM contact.