Prior to speaking about the 2% cut to national insurance whilst presenting the UK’s Budget on 6 March, Jeremy Hunt announced that the existing remittance basis regime, which is based on the concept of domicile, will be entirely replaced from 6 April 2025 with a new set of rules based primarily on residence.
Partner, Paul Whitehead and Senior Associate, Dominic Conde-Cole share their views following the Chancellor’s announcement that the existing remittance basis regime will be entirely replaced from 6 April 2025.
Paul Whitehead
Partner
Paul is a Private Wealth specialist with an emphasis on complex tax and trust issues including considerable experience advising international and UK-based HNW clients.
Dominic Condé-Cole
Counsel
Dominic has extensive experience in advising national and international high net worth and ultra high net worth individuals, businesses and listed companies on UK taxation and wealth planning.
