During the Spring Budget on March 6, 2024, the chancellor unveiled significant changes to the tax system affecting individuals classified as 'non-doms.' Find out how this change could affect your clients: ow.ly/gleI50QT3HG

We asked our team of expert writers to provide a summary of their reactions to the key tax measures announced. Read it now here: rb.gy/fv4ei5

#springBudget2024 #tax #tolley

Spring Budget 2024: Learn about the effect that residence and domicile have on the taxation of an individual’s employment income, investment income and capital gains. Access the guidance note here: ow.ly/ttZk50QQeHp

Since the Spring Budget announcement, our tax writers have worked around the clock to update the guidance notes within Tolley®Guidance. Access the notes here: ow.ly/hREu50QOOxZ

Hear from Andrew Hubbard, Editor-In-Chief of Taxation Magazine as he shares his initial reaction to the Spring Budget announcement. Access Andrew’s reaction here: ow.ly/fZ9r50QMyi2

That concludes the Chancellor’s #SpringBudget , stay tuned to Tolley for further expert commentary and analysis on all the tax changes announced #Budget2024

Members of the armed forces put their lives on the line to safeguard our way of living & protect our democracy.

Today we're providing up to £26m to @VeteransGovUk to underwrite the bid for Birmingham to host the Invictus Games Foundation 💛🖤 Games taking place in 2027.

The Chancellor has said that this is a Budget for long term growth #SpringBudget #Budget2024

The Chancellor has announced that from 6 April 2024 the main rate of NIC for the self-employed will be reduced from 8% to 6% #SpringBudget #Budget2024

The threshold at which parents start paying the High Income Child Benefit Charge will increase from £50,000 to £60,000 #SpringBudget #Budget2024

We’re increasing the threshold at which parents start paying the High Income Child Benefit Charge, from £50,000 to £60,000.

Making almost half a million families better off by an average of almost £1300 per household.

The Chancellor has announced that the Government will end the current tax regime for UK non-doms #SpringBudget #Budget2024

The higher rate of property capital gains tax is being reduced from 28% to 24% #SpringBudget #Budget2024

The Government will end the current tax regime for UK non-doms.

Under the new regime anyone who has been a tax resident in the UK for more than four years will pay UK tax on their foreign income and gains.

Making sure the UK tax system is fair and internationally competitive.

Windfall tax on the profits of oil and gas companies will be extended until 2029 #SpringBudget #Budget2024

Stamp duty relief for people buying more than one dwelling is being abolished #SpringBudget #Budget2024

The furnished holiday lettings regime will be abolished #SpringBudget #Budget2024

The Chancellor has announced a new levy on vaping and also that there will also be a one-off increase in tobacco duty #SpringBudget

Future proofing our NHS is a priority.

That’s why we are protecting day to day funding levels in real terms and supporting the NHS to continue to improve performance and reduce waiting times.