Key Considerations and Action Steps on Abolishment of Remittance Basis Taxation
With the end of the non-domiciled regime confirmed for April 6, 2025, individuals impacted by these changes have four months to prepare. Here are essential planning points to consider before the new rules come into force.
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Abolishment of Remittance Basis Taxation in the UK
The Chancellor has confirmed a sweeping change for non-domiciled UK residents (non-doms) set to take effect on April 6, 2025. The current remittance basis of taxation will be replaced with a new four-year Foreign Income and Gains (FIG) regime—a shift likely to impact thousands of individuals planning to move to in the UK.
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How to Maximize Tax Deductions for Your London Based Business
Navigating the tax environment can be intimidating, especially if your business operates in cities like London. However, with an understanding and practical utilisation of tax deductions, a company could reduce its tax burden to a minimum and save resources for growth and innovation.
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A new regime for non-domiciled individuals is on the horizon
In the 2024 Spring Budget, the Chancellor announced changes to how non-UK residents are taxed.
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