Tax Accountants
Company Size

Paul Ayres, national head of BDO’s private client team, has just experienced the busiest tax year-end in two decades, as the government implements its shakeup of the UK non-dom regime — one that’s forced ‘a lot of people to come out of the woodwork’ and review their affairs: ‘Some of them haven’t had anyone kicking the tyres,’ he says. It’s a mistake HNWs can no longer afford to make (especially if, as Ayres predicts, HMRC’s crackdown is ‘really going to accelerate in the next year’): ‘I would expect someone, whether a lawyer or an accountant, to keep a regular eye on what’s going on in those structures. The rules are so complex that it’s easy for something to end up being a taxable issue now.’

Paul Ayres