Finance Bill for Non Residents

[ConfusedEasily]

If you plan on coming back, surely your bill will be there waiting for you?

If you're just out of the UK for the applicable year - do you skip the charge? I don't think so..

[stonehenge]

I think if you go abroad you have to go for good.

There's no statute of limitations on tax debts.

Despite what HMRC would claim, there are plenty of countries who wouldn't lift a finger for them. Even those where there is an agreement, some authorities will accept any offer you make to repay the debt eg. $1/month.

Choose your destination wisely.

[ConfusedEasily]

I think if you go abroad you have to go for good.

There's no statute of limitations on tax debts.

Despite what HMRC would claim, there are plenty of countries who wouldn't lift a finger for them. Even those where there is an agreement, some authorities will accept any offer you make to repay the debt eg. $1/month.

Choose your destination wisely.

My debt just isn't large enough to warrant skipping the country. I think you're right though - especially if you're out before the 2019 loan charge.

Post-Brexit, with a diminished role in the world, I just can't see that many countries bothering their arse about collecting this tax. Hopefully, they'll just be delighted they've got an increased skills pool with those that have arrived on their shores.

I'll probably end up paying and staying. My kids have had enough, two of them are moving to Europe where their skills will be appreciated - an Engineer and a Mathematician. When my youngest finishes I'll be leaving too.

[bandemelbs]

Has anybody in Australia (Melbourne) sought local advice? Anybody found someone knowledgeable enough in this field whose details they may be able to share? If so please PM me.

Get in touch with WOFTAM as he has some Legal info.

[OverIt]

Get in touch with WOFTAM as he has some Legal info.

Thanks bandemelbs, will do.

[EBTContractor]

ATO and loan charge

As all loans have to be reported as income in 2020, wouldnt e.g. ATO expect you to report it on your Oz tax return under foreign income?

Reading https://www.ato.gov.au/Individuals/I...oreign-income/ the rules are pretty simple - if you're an Oz resident for tax purposes you must declare all foreign income and pay taxes locally.

If loans are declared as foreign incime in Oz you could also use the super bring-forward rule to bring down the tax liability.

Does anyone else have a view?

[Loan Ranger]

According to this, non-residency doesn't exempt you from tax on earnings in the UK.

https://www.gov.uk/tax-uk-income-live-abroad
https://www.gov.uk/tax-foreign-income/residence

Even if you live in a lower tax country, and there is a DTA, this doesn't help because you have to pay the higher of the two rates.

https://www.gov.uk/tax-uk-income-live-a ... axed-twice

LC19 is treated as earnings, so you would be taxed on it in the UK even if you're non-resident.

[Fred Bloggs]

According to this, non-residency doesn't exempt you from tax on earnings in the UK.

https://www.gov.uk/tax-uk-income-live-abroad
https://www.gov.uk/tax-foreign-income/residence

Even if you live in a lower tax country, and there is a DTA, this doesn't help because you have to pay the higher of the two rates.

https://www.gov.uk/tax-uk-income-live-a ... axed-twice

LC19 is treated as earnings, so you would be taxed on it in the UK even if you're non-resident.

Correct on all counts.

[woftam]

All fellow Aussies

oi oi oi

If you have not paid either of the CSLO's or the APN and if it comes to it have an appetite to fight HMRC on the LC19 on Australian turf through Australian courts can you PM me please.
Just wanting to get together possible numbers and interest at this stage.
I have no idea what the outcome of LC19 will cause us but I guess we may need to be ready in case it does come our way.

At this stage just after a name and email address so I can get a list together.

[bandemelbs]

oi oi oi

If you have not paid either of the CSLO's or the APN and if it comes to it have an appetite to fight HMRC on the LC19 on Australian turf through Australian courts can you PM me please.
Just wanting to get together possible numbers and interest at this stage.
I have no idea what the outcome of LC19 will cause us but I guess we may need to be ready in case it does come our way.

At this stage just after a name and email address so I can get a list together.

Nice work; count me in (you have my details). I'll also continue to direct any new comers to you to decide if you are comfortable sharing the legal info you obtained and kindly shared with me.