You're not working people

[escapeUK]

Switzerland doesn't tax dividend income. Yes somehow its economy thrives.

It was upto 2016 where we didn't tax a big chunk of dividends either. Before then I paid only corp tax.

[WTFH]

Oops. Sorry. Forgot the not. My fault.

Your fault? Why what did you do in 2016 that caused the problem?

[jamesbrown]

What I meant to say:
Switzerland taxes dividend income. Yes somehow its economy thrives

Yet.

[The Spartan]

Moving abroad is starting to look very appealing, it's a shame that the statutory residence test got changed to ensure you still pay tax if you have the slightest link(s) or sufficient ties to the UK.

[Fraidycat]

Google says Switzerland has 14% corp-tax rate.

And the top rate of income tax (and dividend tax) is between 20% and 40% depending on the canton.

So sensible non punitive tax rates with the option to live in low tax areas.

[squarepeg]

It's not that bad yet.

And anyway, you can always renounce your British citizenship. I have Swiss and British passports. I travel on the Swiss ones. Even coming to the UK.

You're supposed to cross the UK Border on the British passport, are you not?

[WTFH]

You're supposed to cross the UK Border on the British passport, are you not?

No, you can use whatever passport you are permitted to carry, but it is recommended that if you are flying between countries, you use the same passport to leave one country that you use to arrive in the other.

[escapeUK]

Moving abroad is starting to look very appealing, it's a shame that the statutory residence test got changed to ensure you still pay tax if you have the slightest link(s) or sufficient ties to the UK.

Its a subject we all perhaps need to learn more about. There are zero benefits to living here and the negatives get bigger everyday, and will no doubt become huge on Wednesday.

Don't the double taxation rules mean you are only taxed on your income in the country you were resident in?

Also would it be so bad to sever ties completely? Not much point being tied to a corpse is there? It will only drag you down.

You will retain your entitlement to state pension. Though I know this is more complicated in that some countries it will continue to increase (triple lock increases) as it does here, in others it is frozen at time you left. Thailand is frozen for example, and America it continues to increase.

[jamesbrown]

https://www.telegraph.co.uk/money/ta...-400-tax-rise/

[eek]

https://www.telegraph.co.uk/money/ta...-400-tax-rise/

Featuring IPSE, FCSA and Lucy.

I think the freelance market will be paying £800m or so in extra tax with the NI change alone..