Rubydo

That's a fair shout, I'm hoping peanut butter is one :-p

Millhouse

Yes, they double it.

Millhouse

and pate for the dog.

Rubydo

Ooooo you have a posh dog!
I prefer to feed mine caviar darling

Millhouse

now, you either know exactly what I'm talking about or have no clue at all. I'm really trying to figure it out.

Rubydo

go back to my thread yesterday re the entertainer that should help you out massively, I live in a bloody bubble

nottmbantam

Surely it will be exempt during Ramadan.

Meow

100 exempt food items plus education, healthcare and bicycles. Yup, the mamils will be happy.

Also UAE Minister of Finance Obaid Humaid Al Tayer has publicly stated that the UAE government is not considering income tax.



Yet.

John78

Apologies for the thread. I have been trying to read up and work it out myself, but seems quite complex. I have been offered a job in Bahrain, starting in April '16 and plan to work until January 2018. I understand that there is no tax obligations for the 2016/2017 tax year as say, but for the 2017/2018 tax year I have a few queries. I will be home in the UK for 3 months of that tax year, I do not plan on taking any holidays back that total over 10 days in that year, I have no children or home in the UK, but I will start working on my return. Is anyone able to provide any feedback into how the Split year tax option works in my case. Will I be hit for the tax on the entire year? Any help would be muchly appreciated?

Brains1983

Thought it had been 20% for the last few years?

Eeyore

On a related note, a friend who works in property analysis and jets between London and the UAE fairly regularly says he had to attend a seminar recently about the planned introduction of 100% foreign ownership for all businesses in Dubai, not just those in free zones. It's tied in with the introduction of corporation tax for non-FZ businesses, which will eventually be extended to the FZs too.

Meow

It's a split year concession, not an option.

The rules for the Statutory Resident Test are what apply. The number of connection factors affect the days you can spend in the UK, but if we assume you spend no more than 90 days of the 2017/18 tax year in the UK then your overseas income will not be liable for UK tax. Any income you receive, arising in the UK, upon your return will be taxable.

This is still current: Information on the new UK Statutory Residency Test | Financial Planning in the UAE

Meow

Correct. UK VAT has been 20% since January 2011.

Millhouse

What do you do for fun, Meow?

Meow

Plenty but my head retains this shit, along with song lyrics of the 70s and 80s.

I have left the house this month, honestly!