tax on earnings made in dubai
May 19th 2014, 5:24 am
#16
Happy To Help!
Joined: Nov 2012
Location: Everywhere
Posts: 165
Re: tax on earnings made in dubai
Hello magnification,
Residency is a complex area and the HMRC UK residence rules changed significantly with effect from the 2013/14 tax year which now involves the statutory residence test (SRT).
Ties such as home, work, family etc. in the UK may class you as UK resident for tax purposes regardless of where you reside.
If classed as UK resident you would then be taxed on your worldwide income so it is very important that your individual circumstances are looked into and dealt with correctly to protect your residence status and exposure to UK taxation.
Residency is a complex area and the HMRC UK residence rules changed significantly with effect from the 2013/14 tax year which now involves the statutory residence test (SRT).
Ties such as home, work, family etc. in the UK may class you as UK resident for tax purposes regardless of where you reside.
If classed as UK resident you would then be taxed on your worldwide income so it is very important that your individual circumstances are looked into and dealt with correctly to protect your residence status and exposure to UK taxation.
