Autumn Budget 2024: UK tax changes affecting non-doms
Following last month’s Budget, there is now more clarity on the detail of how the new tax regime will work, once the existing tax regime for non-UK domiciled individuals (non-doms) is abolished from 6 April 2025. Here, we discuss the key points and how individuals will be affected. What key points have now been confirmed…
READ MOREAutumn Budget 2024: Employee ownership trust changes
The UK government’s Autumn Budget on 30 October 2024, introduced several changes to EOTs. These changes aim to make the rules more robust and ensure that EOTs are used for their intended purpose of benefiting employees rather than for tax avoidance. The following changes apply to EOTs established on or after 30 October 2024: Control restrictions:…
READ MOREBudget 2024 – family business focus
Our Family Business Tax Partner, Yvette Jacobs-Lee explores the latest announcements from the Autumn Budget 2024 and shares her expert insights on the key takeaways, how these changes could impact your family businesses, and what you should be considering. How can we help? Our family business team has decades of experience working with successful family-run…
READ MOREAutumn Budget 2024
Ahead of the Budget the Prime Minister said that it was time for the UK “to embrace the harsh light of fiscal reality”. We now know more – in the short to medium term at least – of who will feel the full glare of that light. With this Budget the Chancellor has aimed to…
READ MORESpring Budget 2024
Jeremy Hunt’s second full budget was very clearly delivered in the shadow of a general election, with the speech peppered throughout with partisan comments, and policies designed to put the Conservative Party on the front foot with the electorate. The chancellor explained that, after the difficulties of the last few years, the economy is turning…
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