This week on The Tax Factor, John Bull and Sean Drury focus on the Foreign Income and Gains (FIG) regime, one of the most significant recent changes to the UK tax landscape for internationally mobile individuals. They begin by outlining how the regime works in practice, who it applies to, and how it differs from the previous remittance basis.

The episode explores the practical implications for taxpayers, particularly the increased reporting requirements and compliance burden that come with the new rules. John and Sean discuss the challenges individuals now face as they navigate the regime for the first time, as well as the potential cost and complexity involved.

They also consider the wider impact on employers and globally mobile workforces, alongside the policy intent behind the regime and whether further changes may be on the horizon.