The abolition of the UK's non-domicile regime on 6 April 2025 marked one of the most significant changes to the UK personal tax system in a generation. For individuals who previously used the remittance basis, the reforms have created an important question: what happens to the foreign income and gains accumulated before 6 April 2025 that have not yet been remitted to the UK? The Temporary Repatriation Facility (TRF) provides a limited-time opportunity to deal with certain his

From 6 April 2027, unused pension funds are expected to be brought within the scope of Inheritance Tax (IHT). This is a significant change to the way pensions have traditionally been used as part of retirement and estate planning. How will pensions be taxed? Under the current rules, unused pension funds are generally outside the scope of IHT. The income tax treatment of pension death benefits also depends on the age at death. Where an individual dies before age 75, beneficiar

From 6 April 2027, employers will be required to payroll certain employee benefits in kind (BiKs), with most remaining benefits expected to come within the mandatory regime from April 2028. The change represents a significant shift from the traditional P11D process. Rather than reporting taxable benefits after the end of the tax year, employers will increasingly need to calculate and report benefits through payroll in real time. For employers providing insurance-based benefit

HMRC is set to receive significantly more information about UK cryptoasset users as new international reporting requirements come into effect. For individuals who have previously bought, sold, exchanged, mined, staked or otherwise received cryptoassets, this makes it increasingly important to understand whether all relevant income and gains have been correctly reported. With new international reporting requirements also coming into effect, individuals with historic cryptoasse

A Personal Liability Notice (PLN) can make a company officer personally responsible for certain liabilities that would otherwise be payable by the company. PLNs can arise in a number of circumstances, including unpaid National Insurance contributions (NICs) and certain penalties relating to deliberate tax non-compliance. The rules are statutory and the conditions HMRC must satisfy depend on the particular PLN regime being used. Receiving a PLN does not necessarily mean that H

When acquiring, constructing or refurbishing commercial property, VAT recovery is often a significant consideration. Businesses may recover substantial amounts of VAT upfront, particularly where a property is intended to be used exclusively for taxable activities. However, recovering VAT at the outset does not necessarily mean the position is permanently settled. The VAT Capital Goods Scheme (CGS) requires businesses to monitor the use of certain high-value capital assets ove