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UK Changes to the Taxation of non-UK Domiciled Individuals

06 August 2024

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Proposed Changes

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United Kingdom

UK HM Treasury published a policy paper on changes to the taxation of non-UK domiciled individuals on 29 July 2024, which was updated on 31 July 2024. HM Treasury also published a summer engagement paper on the changes. --- Changes to the taxation of non-UK domiciled individuals Background The government is committed to addressing unfairness in the tax system, so that everyone who is long-term resident in the UK pays their taxes here. The government will therefore remove the outdated concept of domicile status from the tax system and implement a new residence-based regime which is internationally competitive and focused...