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ARTICLE · 21 MARCH 2011

What Will The Budget Bring? (Swiss Version)

Withers LLP
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As the UK Coalition Government puts the final touches to its first scheduled Budget, we examine the prospects of changes in the UK tax system to be announced on 23 March.

United KingdomTax
Justine Markovitz
Justine Markovitz
Lindsay Brown
Lindsay Brown
Miguel Good
Miguel Good
Louisa Douglas Home
Louisa Douglas Home
Christopher Salomons
Christopher Salomons
Christopher Williamson
Christopher Williamson
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As the UK Coalition Government puts the final touches to its first scheduled Budget, we examine the prospects of changes in the UK tax system to be announced on 23 March. As is customary, speculation is building as to what measures may or may not be included in George Osborne's speech, from possible changes to the UK's residence rules to a further crackdown on non-doms.

The UK Government has recently made a commitment 'in most cases' to publish draft clauses to be included in a Finance Bill at least 3 months before the Bill is introduced to Parliament. However, there is still scope for immediate changes to be made, and many individuals worried about potential changes may therefore be considering taking action now. We will only be able to judge the efficacy of any such action with hindsight and it may prove to be unnecessary or imprudent. However, there are sensible steps that can be taken and we have identified some of these below.

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