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Autumn Budget 2024

Commentary and analysis of the Chancellor’s Autumn Budget Statement

Bookmark this page to keep up to date with the latest news and insight from the Blick Rothenberg team

 

Autumn Budget 2024

The abolition of the non-dom tax regime

In the Autumn Budget 2024, UK Chancellor Rachel Reeves confirmed that the UK non-dom regime will be abolished from 6 April 2025 and with it the remittance basis of taxation.

All UK residents will be taxed in the UK on their worldwide income and gains in the year they arise. Furthermore, individuals qualifying as ‘long-term residents’ will be subject to Inheritance Tax (IHT) on their worldwide assets.

Many affected individuals will now face a dilemma, in terms of both their existing structures and ongoing exposure to UK tax.

It is one of the most significant reforms to the non-dom tax regime in our generation and, as with any substantial tax change, there is a lot of complexity within the rules.

In this video series and associated articles, we highlight what this could mean for you and how you can prepare for the changes.

Non Dom

TaxFax 2025/26

Our TaxFax guide, which outlines key tax information, has been updated to include the latest changes from the Autumn 2024 Budget.

TaxFax 25 26

Tax Calendar

Use our tax calendar to find all the key dates.

Tax Calendar 2024

Impact on individuals

Malli Kini, Alex Foster and Kelly Greig discuss the impact of the Autumn Budget on individuals.

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Impact on businesses

Nick Winters and Evelina Panchal look at the impact of the Autumn Budget on businesses.

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Podcasts

The Tax Factor – Episode 59

The Story on Tax is Not Over

Following the Autumn Budget, Nimesh Shah and Roger Holman take a look at some of the areas that have angered farmers, small businesses and parents.

But was the Budget quite restrained? Nimesh suspects the story on Capital Gains Taxes is not over and there might there be more dramatic reform and change to come.

And with the appointment of Donald Trump as President, what does this mean for US Government policy – will it result in tax cuts and crypto rule relaxation?

The Tax Factor – Budget Special

Heather Self and Robert Salter look at some of the detail in the Autumn Budget statement including Employers National Insurance, The Child Benefit clawback and Capital Gains Tax changes.

They also ask whether the Chancellor missed an opportunity to take a strategic look at a tax system that is riddled with anomalies and inconsistencies.

Tax Calculator – Check the impact of the autumn Budget statement on your finances

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Autumn Budget 2024 – Pensions

What lies ahead for pensions in this year’s Autumn Budget and what should employers be considering?

Tomm Adams and Martin Reynard discuss possible choices the Government could take, what a good approach might be and what actions employers will need to take in the event of any changes.

Fixing tax relief on contributions, taxing investment income and gains within funds, reducing the pension value that can be taken as a tax-free lump sum or reducing relief on death benefits are some of the options under consideration.

Speculation is continuing to mount around which areas will be targeted to fill the £22bn ‘black hole’ and what reforms the Chancellor may have planned for pensions.

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