Fergus Mutch’s Post

As the UK gears up for a general election, the spotlight is on non-doms with Labour's victory potentially reshaping their tax landscape. With no manifestos yet, Labour has confirmed it intends to scrap the current non-dom system for a modern scheme, with a view to 'continue attracting top international talent'. The current regime, allowing tax on UK income only, faces a major overhaul. Non-doms, numbering 68,800, contributed £8.5 billion in taxes last year. Time to strategise? Sovereign's here to navigate through potential changes, offering advice on asset restructuring or relocation. Read more from the Sovereign Review 2023 here: https://bit.ly/3OWl6yO #SovereignGroup #SCATS #UKTax #NonDoms #ElectionYear #TaxPlanning Stuart Stobie Sovereign UK (Chester & London)

Labour manifesto declares war on private enterprise: extra regulation, more protection of workers’ rights, a new skills levy, and corporation tax staying at 25% https://lnkd.in/e8VW7Wcg #Labour #Conservative #BankofEngland #OBR #OfficeforBudgetResponsibility #NewLabour #GlobalFinancialCrisis #taxes #incometax #nationaldebt #generalelection #2024election #2024generalelection The Labour Party HM Treasury Bank of England Office for Budget Responsibility Office for National Statistics

Labour made several large commitments in their manifesto which will likely result in taxation and policy changes within the UK as they seek to increase revenue streams and stimulate economic growth to fulfil these pledges. Laura Clark summarises some changes we could anticipate over the coming months. Read the full article here 👉 https://lnkd.in/gJ8zVmyG #Labour #GeneralElection #FinancialPlanning

This year's union budget does a balancing act between touching its fiscal deficit target, developing the nation and helping the poor. One of the focus areas was 'Yuva' (Youth). In this post, we summarise the announcements that will help the young students and professionals. Swipe to read ➡️ Like, share and subscribe for more. #Unionbudget #Indianyouth #Skilling

Labour’s ‘Securonomics’ plan for the UK in its manifesto is delusional, but it’s a safe and secure choice, containing zero risk because the outcome is completely certain: it’s disaster https://lnkd.in/e8VW7Wcg #Labour #Conservative #BankofEngland #OBR #OfficeforBudgetResponsibility #NewLabour #GlobalFinancialCrisis #taxes #incometax #nationaldebt #generalelection #2024election #2024generalelection The Labour Party HM Treasury Bank of England Office for Budget Responsibility Office for National Statistics

A Missed Opportunity in the Scottish Budget 💼 The Scottish Budget presents no significant shifts to ease the tax burden or create incentives for attracting talent. While slight increases in lower tax bands might save taxpayers less than 30 pence a week, the disparity with the rest of the UK persists. Higher tax rates and stagnant thresholds continue to weigh on businesses struggling to retain skilled workers. Without a clear plan to address these issues - or control over immigration - Scotland risks losing its competitive edge. What measures would you like to see to enhance Scotland's attractiveness for talent? Vialto Partners UK #Scottishbudget #Talent

𝐔𝐊 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 𝟏𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧-𝐏𝐨𝐮𝐧𝐝 𝐓𝐚𝐱 𝐂𝐮𝐭 𝐅𝐨𝐫 𝐖𝐨𝐫𝐤𝐞𝐫𝐬 The UK Conservative government announced a £10 billion ($13 billion) labour tax cut, drawing from emergency reserves, possibly the last budget before an anticipated election defeat. To combat rising living expenses, the £13.9 billion package also includes frozen gasoline levies and expanded access to child benefits. Read more: https://lnkd.in/gFPAfMSs #AsiaOneMagazine #AsiaOne #media #dailyupdates #todaynews #newsupdates #newstoday #todaysnews #unitedkingdom #ukgovernment #government #uk #tax #taxes #economy #economynews

💼 A Missed Opportunity in the Scottish Budget 💼 The Scottish Budget presents no significant shifts to ease the tax burden or create incentives for attracting talent. While slight increases in lower tax bands might save taxpayers less than 30 pence a week, the disparity with the rest of the UK persists. Higher tax rates and stagnant thresholds continue to weigh on businesses struggling to retain skilled workers. Without a clear plan to address these issues - or control over immigration - Scotland risks losing its competitive edge. What measures would you like to see to enhance Scotland's attractiveness for talent? Jamie Greig Gemma Buxton Graeme McVeigh Laura Bills #vialtopartners #ScottishBudget #BusinessTaxation #EconomicPolicy #talent

Explore the potential impacts of Labour and Conservative manifestos on businesses ahead of the UK general election. Compare tax policies and key promises here: https://okt.to/27FM0X #UKElection #WeAreDuncanToplis #UK #GeneralElection

What does the 2024 #Labour #budget tell us about the direction of Labour's #policies, and who will benefit? Professor Tony Travers discusses what the budget means in his latest blog post: https://lnkd.in/emPeHysP