HMRC tax investigations into individuals can be complex, time-consuming and emotionally draining, particularly for high-net-worth and globally mobile individuals. This article explores whether investigations are getting longer, why the wealthy face greater scrutiny, and how strong compliance records and automation can significantly reduce their impact.
Relocating to the Crown Dependencies can feel like a fresh start, but day counting and tax residency rules often mean you need to remember your past. This article explores why UK days still matter, how residency rules differ across Jersey, Guernsey and the Isle of Man, and what HNWIs should prepare before and after a move.
Spreadsheet day counting feels familiar, but it often collapses under tax residency enquiries. We examine the hidden risks of spreadsheets and why advisors are increasingly recommending a professional, evidence-led alternative.
European programmes are tightening or closing, non-EU hubs like the UAE and Saudi Arabia are rising, and tax authorities are paying closer attention to how and where globally mobile individuals spend their time. For HNWIs, success now depends on strategic planning, accurate day counting, and defensible residency records, not just qualifying investment.
What are exit taxes? In an increasingly mobile world, more countries are taxing unrealised gains when individuals move abroad. This article explains how exit taxes work, why they matter for HNWIs, where they’re used today, and the key factors to consider when planning a relocation, especially the importance of tax residency and robust evidence.
The end of the non-dom regime in the UK led to three core themes: increased relocation, UAE as a favoured destination, and behavioural changes around the underlying reasons to leave. Let’s look at what has happened and what you need to know if you’re considering leaving the UK.
Wealth protection today depends on strong digital record-keeping. For high-net-worth individuals, accurate, secure records lay the foundation for tax compliance and peace of mind. This article examines practical strategies to build audit-ready digital systems that protect your assets and simplify your financial life.
Family office technology solutions are a strategic tool to increase value. From automation and data integrity to proactive compliance, digitalisation is helping family offices operate smarter and more strategically. Discover the benefits, risks, and why tools like Daysium are becoming essential for modern, audit-ready tax residency management.
Visiting family in Europe can blur the lines of Schengen compliance. Many HNWIs assume family connections offer more travel freedom, but the 90/180-day rule may still apply. This article explains the nuances of the Schengen rule for family travel and how Daysium helps you stay compliant and confident wherever you go.
UK non-dom reforms are raising the bar for trust compliance. Trustees can no longer rely on intent; they must be able to produce consistent, audit-ready tax residency evidence. Cowritten with Trident Tax, this article explores why traditional records fall short, how technology is reshaping standards, and what both Channel Islands and UK onshore trustees should do now.
Many HNWIs believe their day counting records are enough until an HMRC tax enquiry proves otherwise. From rough estimates to incomplete evidence, small assumptions can trigger costly investigations. Here are five common mistakes to avoid and how to safeguard your compliance.
Family offices manage wealth, safeguard reputations, cross-border structures, and tax compliance. Today, bulletproof tax residency records are essential to defend against audits, satisfy CRS/FATCA reporting, and support trusts and holding companies. With growing scrutiny in Europe and beyond, family offices that automate day counting, maintain strong evidence, and centralise compliance files can plan with confidence and protect the family’s legacy.