Corporate redomiciliation: Changing your company's corporate citizenship

The government’s recent consultation on a proposed redomiciliation regime raises important questions about the scope and tax implications of changing a company’s corporate citizenship.

On several occasions recently, I have been asked the following question in some shape or form: ‘Can a company redomicile from the UK to another jurisdiction?’ Implicit in the question, but somewhat hidden, is the follow-on question of what are the tax implications, if any, of redomiciliation. Redomiciliation comes in different shapes and sizes and it all depends on what you mean by the word.