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Understanding Residency and Domicile in the UK: A Comprehensive Guide for Taxpayers

Residency and domicile are important concepts for people trying to navigate their way through UK taxation. These are the terms that tell you how much tax you owe, and to which jurisdiction. Residency is more to do with your physical presence in the UK, and domicile is more to do with your long-term connections and… Continue reading Understanding Residency and Domicile in the UK: A Comprehensive Guide for Taxpayers

World Wide Disclosure: Understanding Its Importance for UK Taxpayers

Financial transparency is now essential in tax collection systems throughout the world. World Wide Disclosure or WWD as it is commonly referred to, is of great concern to all the UK taxpayers. WWD is the legal requirement to report both foreign income foreign assets to His Majesty’s Revenue and Customs (HMRC). This blog takes a… Continue reading World Wide Disclosure: Understanding Its Importance for UK Taxpayers