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The draft legislation amending the tax position of non-domiciled individuals will hit more people than first thought, PKF has warned.
The company of accountants and business advisers has claimed that everyone claiming to be non-domiciled will be affected.
Peter Harrup, a PKF tax partner, said he is concerned that the focus on the draft legislation to date has been on the £30,000 charge for non-domiciled individuals who have been resident for seven of the previous nine years.
He said: 'There are measures… which will affect all non-domiciled individuals regardless of whether they have been [in the UK for] 60 years or 60 seconds.
'The legislation is particularly likely to hit those with investments held in offshore trusts and companies where past income and gains going back for many years may become taxable if brought into the UK after 5 April 2008.
'As things stand, non-domiciled individuals may need to act before 6 April, or they could be hit with large tax bills in future years.'
Mr Harrup continued: 'It is particularly frustrating that these measures have only just come to light now in the draft legislation, having been left out of the consultation document published in December.
'Cynics might claim that its earlier omission was deliberate in an attempt to restrict the time non-domiciled individuals have to act.
'My advice to all non-doms is to review of your position with your tax-adviser now so that there is sufficient time to do something about it.'
