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HMRC has confirmed that some non-UK residents with UK rental or self-employment income may receive an automatic one-year deferral from Making Tax Digital for Income Tax (MTD IT). Eligible individuals who filed non-residence pages (SA109) for 2024/25 may not need to join the regime until April 2027.

There are a number of potential tax advantages when using FICs, including Inheritance Tax, but these will vary depending on the size

The UK determines tax residence based on the Statutory Residence Test (SRT). While the rules can be complex, incorporating five Automatic Overseas Tests, four Automatic UK Tests, eight potential split year cases, and the sufficient ties test (with five possible ties), in many cases the outcome ultimately turns on a simple metric: the number of days spent in the UK.