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PBR: Irish non-doms to benefit

New measures in the pre-budget report will end discrimination that has prevented Irish people resident in the UK enjoying the same tax relief as other foreign nationals, says Chiltern.

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.”


Personal effects

It probably won’t surprise regular readers to discover that I am not a natural friend of the Conservative Party.

Capita signs £270m deal with CIS

Capita has been assigned to deliver business processing services to Co-operative Insurance, part of Co-operative Financial Services today in a 10 year deal worth over £270m. Capita will provide customer services, policy administration, new business, claims activities and the associated technology for around 4.5m policies across CIS’s life and pensions and unit trust operations. Capita […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


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