The chancellor is to amend some of the changes to tax rules for non-domiciled individuals announced in October’s Budget
Reeves to water down tax raid on non-doms after exodus of millionaires
Rachel Reeves is watering down her tax raid on non-doms after it contributed to an exodus of millionaires from the UK.
The chancellor is to amend some of the changes to tax rules for non-domiciled individuals announced in October’s Budget.
Speaking on the sidelines of the World Economic Forum in Davos, Ms Reeves said the government will table an amendment to the finance bill to address some of the concerns raised by non-doms.
She told Wall Street Journal editor Emma Tucker: “We have been listening to the concerns that have been raised by the non-dom community.”
One planned change will be to expand the temporary repatriation facility, which lets non-doms bring income and capital gains into the UK with a minimal tax bill.
Reeves to water down tax raid on non-doms after exodus of millionaires
https://www.independent.co.uk/news/uk/politics/reeves-davos-non-dom-tax-millionaire-b2684926.html