Other key changes...

Non-domiciled residents As from 6 April 2008, anyone who has been resident but non-domiciled in the UK for seven years, and who wishes to continue to be taxed on the remittance basis of taxation on their foreign source income and gains, must pay additional tax of £30,000 per year. There will also be consultation on whether there should be an additional tax charge for individuals who have been UK resident for more than ten years. Source ceasing enabling non-doms to remit interest earned on foreign bank accounts to the UK without incurring a tax charge will no longer be effective. In additi...