With just seven days to go before George Osborne delivers the nation's budget and we all find out how much richer or poorer we're all going to be, David Russell, who runs Guardian Wealth Management's office in Qatar, says expats should focus more on April 2013.
While the forthcoming budget is one British expatriates should keep an eye on, the date that needs to be marked in their diaries should be April 2013. This is when the residency ruling from HMRC is expected, which will categorise expatriates to determine residency and UK tax liabilities. The residency test was due to come into effect this coming April, but has been delayed for another year in order for HMRC to continue its consultation on the impact the changes are likely to make. The measures will be included in the Finance Bill 2013 and take effect from April 6 of the same year. Ru...
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