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ARTICLE · 03 APRIL 2011

Budget 2011 - Personal Tax Highlights

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‘The Government recognises that non-domiciled individuals make a valuable contribution to the UK economy and the current tax rules can discourage them from investing their foreign income and gains in the UK'.

United KingdomTax
Christopher Groves
Christopher Groves
Sarah Cormack
Sarah Cormack
Sophie Dworetszky
Sophie Dworetszky
Katie Graves
Katie Graves
Justine Markovitz
Justine Markovitz
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Should I stay or should I come? The UK makes its case for inward investment

'The Government recognises that non-domiciled individuals make a valuable contribution to the UK economy and the current tax rules can discourage them from investing their foreign income and gains in the UK'. In the Budget today the Government came good on its promises to introduce a fairer, more stable and more competitive tax system in United Kingdom. As suggested in the Tax Policy Making: A new approach document published in June last year, a majority of the measures announced today will first be subject to detailed consultation before being introduced in the Finance Bill 2012 at the earliest.

Today's announcements contain much welcome news for individual taxpayers and we have examined the highlights below.

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