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UK cuts taxes, abolishes non-domicile tax status in Spring Budget

The UK's Conservative government unveiled its likely final budget before the upcoming general election, featuring tax cuts and the abolition of the non-domicile tax regime for simplicity and fairness.

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News Affair 24

By Admin

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10 months ago

The Conservative Party-led government in the UK has presented what is expected to be the final official budget before a general election later in the year. Chancellor Jeremy Hunt unveiled several tax-cutting measures aimed at appealing to voters. In addition to tax cuts, plans were announced to abolish the non-domicile tax regime, with the aim of simplifying and creating a fairer tax system. The non-dom tax regime gained attention in recent years, particularly when it was revealed that British Prime Minister Rishi Sunak's wife, Akshata Murty, was registered as non-domiciled in the UK for tax purposes.

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