With the change in government and the highly anticipated Autumn budget last week, we can finally confirm the long-anticipated abolishment of the non-domicile tax regime and the change in the tax laws that accompany this. From 6 April 2025, the UK is changing to a residency-based tax system, meaning the tax saving advantages on foreign…

In June 2023, the UK government extended the deadline for making voluntary National Insurance contributions to April 2025, providing more time for individuals to boost their State Pension. Taxpayers now have until 5 April 2025 to address gaps in their National Insurance record dating back to April 2006, which can potentially increase their State Pension…

In a significant announcement during this year’s UK Budget Speech, the Chancellor declared the imminent abolition of the longstanding “non-domicile” status, a key part of UK tax policy for over two centuries. This transformative decision signals a fundamental shift in the UK’s approach to taxation, highlighting the introduction of a new tax regime based on…

UK: Autumn statement 2023 – Our highlights The 2023 Autumn Statement was delivered by Jeremy Hunt on Wednesday 22nd November 2023 where he announced a range of significant changes to ease the burden on tax payers in the UK. We discuss our highlights below; Personal Taxes Venture Capital Schemes: In an effort to promote private…