Non Doms
Spring Budget 2024: Non-dom tax replaced with ‘modern residency system’
Change estimated to bring in £2.7bn each year
UK financial services group buys tax advice firm
In a bid to bolster its offering for UK-resident non-doms
Tax paid by non-doms rises 8% in 12 months
With an average individual paying £123,000 in the past year
UK non-doms drop 11%
Changes to the regime ‘could have a significant long-term impact’ to the British economy
Could the UK shutter its non-dom regime?
Chancellor has asked the Treasury to review the impact of scrapping the tax status