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UK Spring Budget 2024 Delivered Including replacement of Non-UK Domicile Tax Rules, Reduced National Insurance contribution Rates, and Other Measures

|Proposed Changes|United Kingdom
United Kingdom

UK Chancellor of the Exchequer Jeremy Hunt delivered the Spring Budget 2024 on 6 March 2024. Some of the main tax-related measures of the budget are summarized as follows:

Replacing Non-UK Domicile tax rules with a residence-based regime – This measure abolishes the remittance basis of taxation for non-UK domiciled individuals and replaces it with a simpler residence-based regime. Individual…

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