In the UK, Rachel Reeves announced the Autumn Budget, focusing on measures to address a £22 billion deficit.
In the UK, Chancellor Rachel Reeves announced the Autumn Budget, focusing on measures to address a £22 billion deficit. Key points include implementing VAT on private school fees, abolishing the Furnished Holiday Let tax regime, and reforming the treatment of carried interest for investment managers. Reeves also plans to raise the Energy Profits Levy from 35% to 38%, impacting energy companies, and eliminate the tax advantages for non-domiciled taxpayers by replacing the status with a residence-based tax regime by 2025
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In the UK, Chancellor Rachel Reeves announced the Autumn Budget, focusing on measures to address a £22 billion deficit. Key points include implementing VAT on private school fees, abolishing the Furnished Holiday Let tax regime, and reforming the treatment of carried interest for investment managers. Reeves also plans to raise the Energy Profits Levy from 35% to 38%, impacting energy companies, and eliminate the tax advantages for non-domiciled taxpayers by replacing the status with a residence-based tax regime by 2025
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