December 1, 2022

It is not Offshore: It’s Overseas!

Overseas is offshore. Foreign is offshore. Every country outside the UK is offshore to HMRC.   1. It’s an Offshore Bank Account – It’s not taxable WRONG.  If you are UK resident and domiciled, you are taxable on your worldwide income even if the bank account is in an offshore jurisdiction.You have to put the income on…

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