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End of Non-Dom Status and Planning Opportunities Around the Temporary Repatriation Facility

Menzies

Menzies LLP - A leading chartered accountancy firm. The October 2024 Budget signalled a seismic shift in the UK personal tax landscape, dismantling some of the long-standing benefits previously enjoyed by non-domiciled individuals. by 31 January 2027 for 2025/26). by 31 January 2027 for 2025/26).

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Basis Period Reforms – Do you have sufficient funds?

Menzies

Menzies LLP - A leading chartered accountancy firm. The basis period reform will not affect businesses with accounting year ends to 5 April or 31 March. HMRC are not yet sure what the following year adjustment will look like, but it is most likely that there will be an additional entry on the tax return.