Autumn Budget 2024 – Detailed Analysis On 30 October 2024, Labour unveiled their first Budget in 14 years, and the first ever from a female Chancellor. Our Article covering the highlights can be found here. A more detailed analysis of the Budget Changes is set out below. Changes to Domicile Rules The concept of ‘Domicile’ […]

Reform of the UK rules for non-domiciled individuals Introduction The Government has issued a policy paper to confirm the Labour party’s direction of travel regarding changes to be made to the taxation of non-UK domiciled individuals.  A link to the latest update on this from the Government is attached below: https://www.gov.uk/government/publications/2024-non-uk-domiciled-individuals-policy-summary/changes-to-the-taxation-of-non-uk-domiciled-individuals Policy commitment The paper […]

Important – Major Changes to Taxation of Non Doms in the Spring Budget with Removal of the Remittance Basis of Taxation – ACTION REQUIRED. From 6 April 2025, the remittance basis of taxation that is currently available to non-domiciled individuals will be replaced by a Foreign Income and Gains (FIG) regime that is described as […]