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With more than 50 countries signed up to the Common Reporting Standard, even clients with relatively straightforward setups need to be doubly sure of ‘100 per cent compliance’, says Ebrahim. ‘HMRC is going to be bombarded with more and more information on our clients,’ he says. ‘Our clients need to be aware of that and also need to understand their own tax positions. I can only see [the CRS] meaning that they [HMRC] are going to ask more questions, to clarify that people have been doing things correctly.’ A dual-qualified accountant and tax adviser working as part of BDO’s international private wealth team, Ebrahim is an acknowledged expert in issues concerning the taxation of offshore trusts. He is focused on non-doms and well versed in anti-avoidance legislation and overseas structures, M&As, inheritance tax, trusts and capital gains.

Tahir Ebhrahim