The Treasury released two new publications on 13 March 2019 along with the Spring Statement.
The first was entitled “Tackling tax avoidance, evasion, and non-compliance”, which outlines HM Revenue & Customs (HMRC)’s strategy and approach to minimising the ‘tax gap’. This is the difference between what they think they should collect and what they actually collect. It also demonstrated this government’s impressive record of implementing anti-avoidance measures.
However, the second one, entitled “No Safe Havens 2019”, is particularly relevant to foreign domiciliaries (or non-doms), as it is an update of...