- Following a 2021 consultation, the government appointed a panel of independent experts to consider and recommend whether the UK should introduce legislation permitting inward and outbound corporate re-domiciliations.
- The panel published a report, where it recommends that legislation in the UK be amended to permit both inward and outbound corporate re-domiciliations to remain competitive globally. In the report, the panel set out its thoughts on the process that should be adopted, as well as considerations from a tax, accounting, and insolvency perspective.
- The government has confirmed that it “welcomes the Panel’s report” and “intends to consult in due course on a proposed regime design”.
- Timing: the panel report was published on 14 October 2024. It is currently unclear when a consultation will be launched.
Resources (click to open)
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