Published 02/29/2024 7:23:00 a.m.

Jeremy Hunt could scrap non-dom status to fund tax cuts in Budget

The Chancellor is considering eliminating the tax status of non-domiciled individuals, who only pay UK tax on earnings made in the UK.
Treasury officials are exploring options to increase tax revenue or cut spending to afford tax reductions for millions of people.
Labour is expected to question voters' financial well-being compared to previous elections during the upcoming Budget.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

BBC News

Chris Mason: Are the Tories going to scrap non-dom tax status?

The Chancellor is exploring the idea of scrapping the status in order to deliver tax cuts for millions.

02/29/2024 5:19:41 a.m.·United Kingdom

Read Full Article

The Independent

Jeremy Hunt could scrap ‘non-dom’ loophole in next week’s Budget

The chancellor is looking at the move in what would be a major blow to Labour’s post-election spending plans

02/29/2024 7:43:49 a.m.·London, United Kingdom

Read Full Article

The Telegraph

Jeremy Hunt could scrap non-dom status to fund tax cuts in Budget

Chancellor under pressure to enact more revenue-raising measures after economy leaves him less money than expected

02/28/2024 9:39:47 p.m.·London, United Kingdom

Read Full Article

Evening Standard

Jeremy Hunt plans possible scrapping of non-dom tax status

The Chancellor of the Exchequer is attempting to raise billions in order to fund his national insurance plans

02/29/2024 4:22:38 p.m.·London, United Kingdom

Read Full Article

Sky News UK

'Non-dom' tax breaks for rich people may be scrapped by Jeremy Hunt

Jeremy Hunt is considering ending or reducing "non-dom" tax breaks that allow wealthy individuals to live in the UK while their wealth is considered as residing overseas.

02/29/2024 11:14:00 a.m.·United Kingdom

Read Full Article