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Cross Border Tax - UK Resident Non-Domiciled (RND)

ABOUT THE COURSE

The course enables Swiss banks to train employees working in credit-related functions on the mitigation of administrative, legal and criminal risks associated with their role. By completing the training, participants will build up crucial knowledge of relevant external legal frameworks, internal regulations, governing bodies, formal requirements and requirements related to the actual substance (content-related), potential cross-border issues, and specific rules on consumer credits and mortgages.


The training enables participants to understand the purpose of a credit facility and recognise the origin of the pledged assets. The course further explains how to assess the financial capacity of the debtor, calculate the value of the pledge and consider any applicable sanctions regime.

The training is divided into six chapters and explains how credit activities are ruled by a set of different laws: Banking Act (BA), Embargo Act (EmbA), Code of Obligations (CO), Anti Money Laundering Act (AML), Consumer Credit Act (CCA) and Financial Services Act (FinSA). In addition, the training addresses the relevant sections of the Swiss Bankers Association (SBA) guidelines.

TIME
TARGET AUDIENCE
PREREQUISITES

Approximately 45 minutes.

Anyone working for a financial institution.

None

ASSESSMENT

A formal assessment consisting of 10 questions with a passing grade of 80% forms part of this course.

CERTIFICATION

Upon successful completion, participants will earn a certificate.

LANGUAGE

English

ABOUT THE COURSE
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The course begins with a general overview of the UK tax regime for non-domiciled persons and explains the difference between tax residence and tax domicile. It continues by describing the income tax regimes for UK non-domiciled individuals and explains the distinction between the Arising Basis regime and the Remittance Basis regime.

The training also highlights the importance of creating segregated accounts for different types of income to enable tax-free remittances. The course then looks at specific tax scenarios and explains how tax rules apply if an income originates from a life insurance bond, or when the creation of trusts and foundations is involved.

The training rounds up with an explanation of the tax treatment for different financial products, such as loans, equities, bonds, derivatives, investment funds, crypto assets, and others, and concludes with a series of knowledge checks to assess participants' learning progress for the different modules.

TIME
TARGET AUDIENCE
PREREQUISITES

Approximately 40 minutes.

Anyone working for a bank or 
a financial intermediary

None

ASSESSMENT

A formal assessment consisting of 10 questions with a passing grade of 80% forms part of this course.

CERTIFICATION

Upon successful completion, participants will earn a certificate.

LANGUAGE

English

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