British expats in UAE and the wider region may be liable to pay income tax in England upon their return. Financial analysts say that professionals who shuttle between UK and UAE for a period of more than 20 days per tax year could be asked to pay tax on their global income. “The rules say that you should work no more than 20 days in the UK otherwise you could be UK resident and what that means is that you are liable [to pay taxes] on your worldwide income,” Spencer Lodge, regional director at financial advisory PIC deVere, told regional media. Pertinently expatriates who are in full time employment overseas and spend more than 90 days in the UK will also be liable to pay. “Even if they work full time in the GCC but they are back in the UK for an extended period - more than 90 days - they could be caught for UK residency,” said Lodge. The rules are likely to be enacted from 6 April 2012, as residency and domicile rules in Great Britain get more stringent. As per the Institute for Public Policy Research more than 5.6 million Britishers live abroad while another half a million live abroad for part of the year.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor