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Any chance you could share the advice with me also? I'm in the same position and very unsure what to expect from HMRC now that I've left the UK... Thanks!
Your nationality is irrelevant. The convention is interested in tax residency. If you're resident in Australia then the ATO can collect tax from you on behalf of any other country signed up to the convention regardless of what passport/s you carry.
The big question is how often is this used...
If you read the page I linked you'll see the following text:
...all possible forms of administrative co-operation between states in the assessment and collection of taxes, in particular with a view to combating tax avoidance and evasion. This co-operation ranges from exchange of information...
Hi kzcomp, can you provide details of what happened to your friend in Aus? Was he contacted by the ATO? Did they collect? Or was he just warned by an advisor that it could happen?
Im in the same boat so Im really keen to hear what your friends experience has been. Thanks!
Sorry, whilst I wish that was true, it isn't. Both the UK and Australia have signed the OECD Convention on Mutual Administrative Assistance in Tax Matters. Convention on Mutual Administrative Assistance in Tax Matters - OECD
I you read the convention it covers exchange of information but also...