Your Followed Topics

Top 1 hm revenue and customs (hmrc) News Today

#1
Dubai influencers could face £5M in tax bills if they return to the UK
#1 out of 1
business1d ago

Dubai influencers could face £5M in tax bills if they return to the UK

  • Dubai-based influencers could face up to £5 million in UK tax bills if they return home amid the Middle East conflict.
  • Accountants warn about UK capital gains and residency taxes tied to non-residency periods and asset sales abroad.
  • HMRC says exceptional circumstances, like war, can be considered in residency tests, but rules remain restrictive.
  • Some influencers, including Arabella Chi and Hofit Golan, have stayed in Dubai while others have returned to the UK or Europe.
  • UK analysts warn the five-year non-residency rule could trigger tax on gains when residents return to the UK.
  • Some influencers faced scrutiny over days spent in the UK that could affect residency status.
  • Tax experts warn that emergency returns could alter residence position and trigger charges.
  • HMRC guidance acknowledges war as an exceptional circumstance, but protections are narrow.
  • UK residents returning after a period abroad could face charges on employment and investment income.
  • UK accountants urge clients to seek HMRC guidance to avoid surprise liabilities.
Vote 0
0

Explore Your Interests

Unlimited Access
Personalized Feed
Full Experience
or
By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Explore Your Interests

Create an account and enjoy content that interests you with your personalized feed

Unlimited Access
Personalized Feed
Full Experience
or
By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Advertisement

Advertisement