Friday, 5 December 2014

UK Personal Allowances: No change til April 2017

The Chancellor has confirmed that, following the recent public Consultation process, the Government has recognised the complexities of implementing a withdrawal of the UK personal allowance for some non-resident taxpayers.  Further consultation with tax professionals and the public alike will take place before any proposals become law.  In view of this further period of Consultation, there will be no prospect of a change until at least April 2017.