Nomadic Tax Institute
Publicly sourced cross-border tax developments. Dates, status and scope are shown separately so they can be read in context.
2645 updates
Status requires verification
The Finance Act 2025 enacts various tax measures for the tax year 2025-26, including setting the basic income tax rate at 20%, the higher rate at 40%, and the additional rate at 45%.
Editorial impact label: High
Status requires verification
UK government removes domiciled status from the tax system and implements a new residence-based regime from 6 April 2025; non-UK domiciled individuals must pay UK tax on foreign income and gains arising after that date, subject to a 4-year “foreign income and gains” relief period.
Editorial impact label: High
Proposed
The UK government has proposed an increase in National Insurance contributions for higher earners, aimed at funding public services and social care.
Editorial impact label: High
Status requires verification
Introduced in Sections 44–46 of Finance Act 2025 and Schedule 13, this policy caps relevant property Inheritance Tax charges at £5 million per 10-year cycle for trusts settled by formerly non-domiciled individuals which held excluded property at 30 October 2024. It applies retrospectively from 6 April 2025 and limits how much tax trustees of such trusts must pay on exit or periodic charges, offering transitional protections under the residence-based regime.
Editorial impact label: High
Status requires verification
From 6 April 2025 the UK has abolished the remittance-basis for non-UK domiciled individuals and introduced a residence-based regime including a 4-year Foreign Income & Gains regime, a Temporary Repatriation Facility for certain pre-2025 income/gains, and moving Inheritance Tax (IHT) to a residence-based system. These reforms affect foreign income/gains taxation, trusts and estate planning. ([gov.uk](https://www.gov.uk/government/publications/changes-to-the-taxation-of-non-uk-domiciled-individuals/technical-note-changes-to-the-taxation-of-non-uk-domiciled-individuals?utm_source=openai))
Editorial impact label: High
Status requires verification
The UK government announced several tax changes, including an increase in the employer National Insurance rate by 1.2 percentage points to 15% from 6 April 2025, a reduction in the Secondary Threshold from £9,100 to £5,000 per year, and an increase in the Employment Allowance to £10,500, removing the £100,000 cap. Additionally, Capital Gains Tax rates will increase from 10% to 18% for lower-rate taxpayers and from 20% to 24% for higher-rate taxpayers. Business Asset Disposal Relief will remain at 10% this year, before rising to 14% on 6 April 2025 and 18% from 6 April 2026.
Editorial impact label: High
Status requires verification
The UK government announced an increase in the Income Tax Self Assessment (ITSA) reporting threshold for trading income from £1,000 to £3,000 gross. This change means that up to 300,000 taxpayers, including those with side incomes from activities like online selling or freelance work, will no longer need to file a tax return. Approximately 90,000 of these individuals will have no tax liability and no reporting obligations to HMRC.
Editorial impact label: Medium
Status requires verification
The UK government will abolish the remittance basis of taxation for non-UK domiciled individuals and replace it with a residence-based regime effective from 6 April 2025. New residents will not pay UK tax on foreign income and gains for their first four years of tax residence, provided they have been non-tax resident for the previous ten years. Transitional arrangements include rebasing the value of capital assets to 5 April 2019, a temporary 50% exemption for foreign income in the first year of the new regime (2025-26), and a two-year Temporary Repatriation Facility to bring previously accrued foreign income and gains into the UK at a 12% tax rate.
Editorial impact label: High
Status requires verification
The personal allowance for income tax will increase to £13,500, allowing individuals to earn more before paying tax.
Editorial impact label: Medium
Status requires verification
HMRC announced that from 6 April 2025 the UK will end its domicile-based tax regime, replacing it with a residence-based system. Under the new regime, non-UK domiciled individuals long resident in the UK will be taxed on worldwide income and gains, including overseas trusts. Some are eligible for a four-year foreign income and gains regime during the transition. ([gov.uk](https://www.gov.uk/government/publications/tax-changes-for-non-uk-domiciled-individuals/reforming-the-taxation-of-non-uk-domiciled-individuals?utm_source=openai))
Editorial impact label: High
Status requires verification
From 6 April 2025, the UK replaces domicile status with a residence-based taxation regime. Individuals previously relying on domicile status must now pay tax on worldwide income and gains unless they qualify under a new 4-year foreign income and gains relief regime. This also impacts overseas trusts and inheritance tax on foreign assets.
Editorial impact label: High
Status requires verification
The update announces that the reporting thresholds for trading, property and other taxable income will be aligned and set at £3,000 gross. This removes the requirement for up to an estimated 300,000 taxpayers to file a Self-Assessment return. Also, mandating of benefits-in-kind reporting via payroll will be delayed to 6 April 2027, and other reforms to simplify dispute resolution and digital services are included.
Editorial impact label: Medium
Status requires verification
From 6 April 2025, the UK ends the remittance basis of taxation for non-UK domiciled individuals and introduces a 4-year foreign income and gains (FIG) regime for those newly resident after at least 10 years abroad. Transitional rules include a Temporary Repatriation Facility, removal of protections for non-resident trusts for most individuals, and a shift toward residence-based inheritance tax scope. Implications include greater tax on foreign income and gains for many, requiring planning around residence timing and trust arrangements.
Editorial impact label: High
Status requires verification
From 6 April 2025 the UK abolishes the remittance basis for non-UK domiciled individuals, replacing domicile-based tax ties with a residence-based regime. New arrivals (10 years non-residence prior) get four years full relief on foreign income and gains. Trust protections reduced; overseas workday relief revised; temporary repatriation facility introduced. Inheritance tax shifted to a long-term residence test (10 out of last 20 years).
Editorial impact label: High
Status requires verification
UK government removing domicile basis and introducing a residence-based regime. From 6 April 2025 non-UK dom status abolished; foreign income and gains as they arise become taxable for most, with a 4-year Foreign Income and Gains regime in some cases. Impacts individuals’ tax planning for overseas income, trusts, and offshore assets.
Editorial impact label: High
Status requires verification
Legislation introduced in Finance Bill 2025-26 to make minor corrective amendments to the residence-based tax regime to ensure it operates as intended, with most changes effective from 6 April 2025 and some from 6 April 2026; includes adjustments to overseas workday relief, trust rules, and correcting technical drafting errors in related statutes.
Editorial impact label: Medium
Status requires verification
Part 1 of the UK Finance Act 2025 codifies key tax changes for tax year 2025-26 including the income tax rates (basic 20%, higher 40%, additional 45%), default and savings income rates aligned. Also confirms that the starting rate limit for savings remains frozen at £5,000. It also implements earlier announced reforms to CGT and NIC thresholds. These are legally binding and enforce tax obligations for the coming year.
Editorial impact label: High
Status requires verification
From 6 April 2025 the UK government will increase the rates HMRC charges for unpaid tax liabilities by 1.5 percentage points across various taxes (General tax liabilities, corporation tax instalments, customs duty, etc). This is intended to encourage timely payments, raise revenue, and ensure fairness. Taxpayers who pay late will see higher interest on outstanding amounts.
Editorial impact label: Medium
Status requires verification
Introduces minor corrective changes to the UK’s new residence-based tax regime (EN), impacting the attribution, matching and charging of offshore income gains and reliefs such as FIG, OWR, TRF, and inheritance tax rules; aimed to ensure the system put in place from 6 April 2025 operates as intended.
Editorial impact label: High
Proposed
The UK government has proposed an increase in the National Insurance contribution threshold, allowing individuals to earn more before contributions are required.
Editorial impact label: Medium