Treasury to ‘struggle’ if non-dom consultation waylaid
The UK Treasury accidentally alerted the public to a long-awaited consultation paper on the tax treatment of non-domiciles, despite the document not yet being in the public domain.
What’s next for non-doms?
It seems like a long time since the general election, where the focus of many of the UK’s high net worth home owners was on Labour’s promises to introduce a mansion tax and to scrap the non-dom status, says Tom Gauterin and Tom Barber, solicitors at Berkeley Law.
Serial tax avoiders to be ‘named and shamed’, Osborne reveals
The UK’s chancellor of the exchequer has said serial users of tax avoidance schemes will be ‘named and shamed’ as he promised to introduce further measures to tackle evasion, avoidance and aggressive tax planning in his Summer Budget.
Non-doms and nil rate bands: Six ‘Emergency Budget’ predictions
Chris Groves and Sophie Dworetzsky from international law firm Withers outline six of their expectations for July’s Budget.
Osborne reveals £1bn withdrawn since UK pension reforms
Thousands of UK savers have collectively withdrawn more than £1bn from their pension pots after new freedoms were introduced in April.
UK govt kicks off annuity sale market
The UK governments last budget before the election revealed plans to extend its pension reforms to allow existing annuity holders to sell their contracts from 2006, offered a range of new incentives to save and tightened rules on tax avoidance.
The UK govt creates secondary annuities market
The UK government will remove tax restrictions on people who want to sell the income stream from an existing annuity from 6 April next year, effectively giving them similar freedoms as those soon to be enjoyed by those in defined contribution savings plans.