Portugal to end its Non-Habitual Resident (“NHR”) Tax Regime from 2024  

Portugal 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.…

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No news is good news for non-doms and investors – Today’s Budget Statement

Rishi Sunak stood in front of the House of Commons with what appeared to be a relatively upbeat message.  Whether the rhetoric becomes fact, only history will tell us, but at least there were no major surprises in the Autumn Budget and Spending Review 2021. No news is good news for non-doms and investors The…

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Inflation is the Enemy – The Chancellor’s Autumn Statement

With inflation rising and following the financial markets’ reaction to the not-so mini, mini-budget, Chancellor Jeremy Hunt’s Autumn Statement had to build global confidence in the UK economy once more. Put crudely, the tax-take had to increase and expenditure needed to decrease. At least the incumbent Chancellor couldn’t do any worse than his predecessor… After…

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HMRC opens Pandora’s Box – What should I do if I am contacted about being named in Pandora Papers?

The Pandora Papers were the biggest release of offshore data to date, involving the leak of millions of documents in October 2021 by a number of offshore financial service companies. Letters have been issued to some individuals named in the Pandora Papers Having taken time to review the leaked information, HMRC have now begun the…

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