Over the past decades, we have witnessed great cooperation between the national tax authorities in international taxes. Both OECD and the European Union have taken important steps towards preventing and eliminating tax evasion, closing gaps and increasing transparency. In the European Union, they explicitly acted against large international companies, such as restricting banned government aid, which will be presented in a later article through the ruling against Apple. However, in individuals, a tax competition was created within the European Union member states to attract high taxpayers in the country. The UK was among the first to compete in so -called them. Non -resident system design.
“The Old” Non -resident residents system
Under the English system in force, the taxpayers who have received a tax on the United Kingdom (“resident”), However, they had permanent residence outside the country and could become the right to do so Non -resident residents The situation and The basis of transfers Taxes. The essence of this tax situation is that the taxpayer only cares about a tax in the United Kingdom after his income (“Remitten)) For the United Kingdom or what has been formed there. Another important element in the old system is so -called. It was a taxable income in the UK, meaning that the taxpayer was able to “treat”. He must refer money to another place, while the individual did not pay the tax on the other foreign income.
Change in the number of taxpayers who have a taxpayer in the United Kingdom with permanent residence from March 2008 to 2023
Source: BBC.com
New Foreign income and gains (“Figure”)
The UK government has already announced in March 2023 that it would mainly change the bases of foreign taxpayers Non -resident residents The situation and so. The “Fig” system is provided instead.
The essence of the regime is that in the first four years of reaching the United Kingdom, individuals from abroad will be exempt from taxpayers, in the hope that they will remain in the country after four years – despite the general rules, taxes will also be imposed on foreign income. For these taxpayers who were in the past Non -resident residents They used a system, called So. TRB (Temporary degeneration facility) A system for generating its foreign income will be provided before April 6, 2025, with a lower tax burden. The taxpayers who have received the tax on the past four years can choose the new system, and this opportunity is open until the fourth year after the acquisition of the tax. It is important to emphasize that the list is not yet final, the detailed rules are under development, so changes can be made, but we can already obtain a picture of the new British tax system to be presented. The new system will enter into force on April 6, 2025, and aims to create a competitive system at the international level, ensuring justice in the British tax system to become a taxable tax in the country in the country.
***
If you do not want to miss our additional writings, Follow Arsboni On Facebook. For our video content, please visit For our YouTube channel.
