From April next year restrictions in the way the remittance basis of taxation applies to investment income and employment income from the Republic of Ireland will be removed.?
Currently non-domiciled Irish citizens living in the UK have to pay tax on income from Ireland regardless of whether it is remitted into the UK or not.
Chiltern head of direct tax Paula Tallon says this will put Irish nationals living in Britain on the same footing as other foreigners.
She says: “It means they will only be taxed on Irish source income if remitted to the UK. It is about time this inconsistency is removed. It’s great news for Irish people.”