The Autumn Budget confirmed that the UK’s ‘non-dom’ regime will be replaced with a new residence-based regime from 6 April 2025. SRLV’s tax team reviews further details published by the Treasury on how the new rules will work for current non-UK domiciles, British expatriates and new arrivals to the UK.

Yesterday’s Budget was a watershed moment, with seismic changes announced for this year and those to come. Our Tax Team share their views on the proposals, and warn that whilst businesses will carry the lion’s share of tax increases, the impact of future reforms to the Non-Dom rules and Inheritance Tax should not be underestimated.

Steve Wren and Kieron Clement-Smith share their quickfire summary of Rachel Reeves’ historic first Budget, and the raft of major reforms and tax changes she announced, including an increase to employers’ NIC contributions, which is expected to raise £24bn per year.

Chancellor, Jeremy Hunt, rose to the dispatch box yesterday for the most significant Budget speech of his tenure. Expectations were high, albeit that in the days leading up to the speech the Chancellor and PM were keen to downplay the “great election giveaway”.

Steve Wren and Kieron Clement-Smith share their quickfire summary of today’s much anticipated Spring Budget. The Chancellor, Jeremy Hunt, announced a raft of significant reforms and tax cuts, including the abolishment of the ‘non-dom’ regime, a further 2% national insurance cut and a reduction in the CGT rate for property disposals.

While the mention was fleeting in the Chancellor’s address, the final details of the reforms to Creative Industry Tax Reliefs and Audio-Visual Tax Reliefs have now been confirmed. Our Partner, Jai Vora, who specialises in tax reliefs for Film, TV and Video Games shares his thoughts on the amendments.

Jeremy Hunt delivered his second Autumn Statement this week. With a general election now expected next year and inflation below target, there was hope of a mooted pre-election giveaway following years of austerity and a high tax burden locked in for next year and beyond.

Steven Wren and Kieron Clement-Smith share their quickfire summary of today’s quieter than anticipated Autumn Statement. The Chancellor of the Exchequer, Jeremy Hunt, announced a number of tax reductions with the “largest ever cut” to national insurance taking the headlines.

Tax relief was a major topic of the Chancellor’s Budget this week, with its continued focus on helping the UK’s world-leading creative and technology industries to thrive in what has been a major success story.

Our tax team gives their initial reaction to the Spring Budget 2023 which the Chancellor, Jeremy Hunt, presented to parliament earlier today.