News & Insights

Following our previous article on 15 November 2023, “Is this the end of the road for non-doms?”, the landscape surrounding non-domiciled tax status in the UK continues to evolve with new developments. As we reported, the Labour Party’s potential rise to power has cast uncertainty over the future of this long-standing tax regime. Our last…

The publication of Spotlight 63 in October Property business arrangements involving hybrid partnerships (Spotlight 63) – GOV.UK (www.gov.uk) and the issue of “nudge letters” this month by HMRC to users of a “hybrid scheme” designed to benefit from lower corporation tax rates and unrestricted interest relief for landlords, looks to be the start of an…

Non-domiciled tax status, a political hot potato if ever there was one, has been around in one form or another since 1799. Since then, the regime has undergone a plethora of changes, most recently in 2017 when a “deemed domicile” concept was introduced for income tax and capital gains tax, which very broadly limited the…

We’re thrilled to announce that following the growth of our Midlands team, Trident Tax has relocated its Solihull office to a new location at 20 Blythe Valley Innovation Centre, Solihull. This move is a significant step forward for Trident Tax and underscores our commitment to expanding our presence in the Midlands.

Trident Tax’s Ryan Conlon and Richard Wynne to Speak at NARA CPD Training Days Ryan Conlon and Richard Wynne, experts on property taxation will speak at the upcoming CPD training days hosted by NARA, The Association of Property and Fixed Charge Receivers. These events are scheduled to take place in Leeds on November 1, 2023,…

HMRC won in the recent First Tier Tribunal in the case of Ian Strachan, TC8858. This is a case where the taxpayer argued that he had acquired a domicile of choice in Massachusetts. There are some significant points in this case of wider relevance than the specific point about the appropriate test for residence in…

We are delighted to welcome Annabel Davies to the Trident Tax team as Tax Assistant Manager. Annabel will be based in our Solihull office as we expand our Midlands private client team. Annabel’s career in tax began at Grant Thornton in a tax compliance role, before moving into the private client advisory field. Annabel has…

Code of Practice 9 changes published on 14 June 2023 HMRC picks and chooses those cases involving tax fraud which proceed to prosecution very carefully.  However, the majority of cases involving serious tax fraud do not proceed criminally at all.  Instead, those suspected of deliberately falsifying their tax positions or who wish to make spontaneous…

An email is being widely circulated which reports that HMRC has dropped its criminal investigation into the individuals behind the tax planning HMRC calls Clavis Herald SPT. The report appears to be correct based on our enquiries with parties linked to the case. This is yet another high profile case of an HMRC criminal investigation…

An email is being widely circulated which reports that HMRC has dropped its criminal investigation into the individuals behind the tax planning HMRC calls Clavis Herald SPT. The report appears to be correct based on our enquiries with parties linked to the case. This is yet another high-profile case of an HMRC criminal investigation being…