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Tax on foreign income
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UK tax on foreign income is determined by one`s residence status. Residents are typically taxed on their worldwide income, while non-residents are taxed only on income earned within the UK. Tax accountants can expertly navigate the complexities of these regulations, optimize tax reliefs, and ensure compliance with tax laws. They can also offer guidance on tax treaties and double taxation agreements to minimize tax liabilities and provide tailored solutions for clients with unique international tax situations.
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