The Labour party has been promising to impose VAT on private school fees for some time and it looks as though this threat is about to be realised. We understand that the change will be implemented relatively quickly (indeed it could be as soon as the first budget, likely to take place in September), possibly…
DetailsLeaving the UK? Here are 10 things to think about before you do. Life is never certain, and as seen last week in the Spring Budget 2024, neither are taxes. The Spring Budget announced new proposals that will change how a non-UK domiciled individual will be taxed in the UK and, as a result, you…
DetailsSpring Budget – Taxation no longer determined by domicile; what does that mean for you? Today was possibly this Government’s last chance to make a notable change to UK taxpayers’ finances before the UK heads to the poll stations later this year. Undoubtedly, the pressure was on as the polls and recent by-election results predict…
DetailsDespite rising anticipation in the press over the last week or two, today’s Autumn Statement appears to have delivered very little of note for our clients and their advisers, as Jeremy Hunt and Rishi Sunak avoided the temptation to please voters with any significant changes, such as the abolition of inheritance tax or cutting of…
DetailsPortugal announces end of NHR Tax regime Last week, António Costa stated in an interview that he intends to phase-out the highly beneficial NHR tax regime by 2024. But, for now, there is good news, individuals who have registered for the scheme before 2024 will be able to continue to benefit for the foreseeable future.…
DetailsThe polls show that Labour are likely to form the next UK Government. For individuals claiming the remittance basis of taxation in the UK that brings uncertainty as Labour want to abolish the non-domicile (“non-dom”) regime. What is the remittance basis of taxation? Ordinarily, individuals who are tax resident in the UK are taxable on…
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