As a business expands it faces a number of challenges to remain successful and prioritising which of those challenges to focus on will have an impact on those that receive less attention. Often the viewpoint of management teams can be to push for improvements and efficiencies on the operational side of the business, while neglecting the “back-room” functions such as Finance, Human Resources and IT.
As a follow-up to the seminar hosted by AAB at Kingshill View on 21 November 2017, Markus Susilo, Partner at Crowe Horwath – UAE, will present a webinar at 12:30 on Tuesday 17th April 2018.
We have noticed significant changes in the way HMRC is approaching domicile challenges.
These enquiries appear to have been centralised and are receiving so-called ‘specialist’ consideration. HMRC is demanding a huge amount of information going back sometimes 30, 40 or 50 years. It has been asserted that gathered facts can override a person’s stated intentions even in circumstances where that individual’s socio-economic connections with the jurisdiction, which is their de facto domicile of origin, are very strong.
The enquiries seem pointless for ‘long stayers’ given the change in tax treatments for such non-domiciled individuals who have been in the UK for 15 out of the last 20 years from 6 April 2017. We also believe that HMRC is precluded from revisiting earlier tax years, which are strictly ‘closed’ given the failure by the tax authorities to challenge an individual’s annual declaration of the non-domiciled tax boxes.
If you have received a domicile enquiry, please contact Lynn Gracie (firstname.lastname@example.org) for expert advice on HMRC’s powers to demand information.
HMRC has published an announcement affecting grants under the Enterprise Management Incentive (“EMI”) Option Schemes from 7 April 2018.
As we head into the start of the new 2018/19 financial year, further details unfold in relation to the new Scottish rates of tax.
It always struck me that we became obsessive about customer relationship management, “CRM”, (and the "fancy" systems that supposedly delivered it to us on a plate!) but never really focused enough energy and intellect on supplier relationship management, "SRM".