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ARTICLE · 05 APRIL 2011

Budget 2011 – Open For Business? (Swiss Version)

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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
Justine Markovitz
Justine Markovitz
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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 yesterday the UK Government kept its promise to introduce a fairer, more stable and more competitive tax system in the United Kingdom. As promised in June last year, a majority of the measures announced yesterday will be subject to detailed consultation before being introduced in April 2012 at the earliest.

Yesterday's announcements contain much welcome news for individual taxpayers (including the absence of a number of adverse changes that had been predicted and the introduction of various changes intended to encourage investment into the UK). We have examined some of the highlights below.

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