Podcast Location:
Download it here [file size: 18.6 MB]
Categories:
Tax Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast serves to give an overview of the tax regime for those individuals who are deemed non-domiciled within the UK and how that status impacts upon their liability to pay UK tax. It addresses the question of domicile and begins to look at the new remittance basis for self assessment tax returns.

Outcomes:
After completing the course you will:
  • Understand the concept of domicile and residency and how they relate to the liability of an individual to pay tax on their gains and income in the UK;
  • Understand when an individual may be deemed not to be resident in the UK;
  • Understand how the remittance basis for self assessment tax returns operate.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Legal Principles
Sources and References:
  • Robert Gaines-Cooper v HMRC (SPC 568);
  • Finance Act 2008;
  • HMRC Guidance IR20 - Residents and non-residents Liability to tax in the United Kingdom;
  • Income Tax Act 2007;
  • Taxation of Chargeable Gains Act 1992.
Tags:

In this, the first of a 2-part podcast we examine the changes to the law over the liability of individuals who are resident in the UK but not domiciled to pay full UK tax. In this part, we examine when an individual is deemed domiciled or resident in the UK and begin to look at the new remittance regime which is continued into part 2.

Podcast Added: 13/02/2008

Start this CPDcast Activity

© CPDcast.com