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
Proposed
The personal allowance threshold for income tax will be raised to £13,500, allowing individuals to earn more before paying income tax.
Editorial impact label: Medium
Status requires verification
Budget 2025 introduces anti-avoidance legislation that closes loopholes involving changes of situs before IHT exit charges; equalises treatment of UK agricultural property held through offshore structures for IHT; and enforces new rules from 6 April 2026 for gifts to charities and changes for trust exit charges.
Editorial impact label: Medium
Status requires verification
The Finance Act 2025 abolishes the remittance basis for non-UK domiciled individuals from tax year 2025-26. It introduces ‘qualifying new resident’ relief for foreign income and gains for up to 4 years for people meeting certain non-UK residence criteria, and defines 'long-term UK resident' which impacts taxation and inheritance rules previously relying on domicile. Domicile status will no longer affect income or capital gains tax for most individuals after the change. These changes require serious planning for digital nomads and those with foreign income.
Editorial impact label: High
Proposed
The UK government has proposed an increase in the personal allowance for income tax, raising it from £12,570 to £13,000 for the tax year 2025-2026.
Editorial impact label: High
Status requires verification
From 6 April 2025, the gross trading income threshold for needing Self-Assessment returns increases from £1,000 to £3,000, reducing filings by around 300,000. Also, late payment penalties for VAT and self-assessment change: 3% at 15 days overdue, another 3% at 30 days, then 10% per annum beyond 31 days. These aim to simplify compliance and encourage timely payment.
Editorial impact label: Medium
Status requires verification
A suite of reforms in the Autumn Budget 2024: CGT rates increased for disposals (10%→18%, 20%→24%), BADR phased up; Inheritance Tax thresholds frozen until April 2030 and reliefs on business/agricultural property reformed; permanent lower business rates for retail/hospitality/leisure properties below £500,000 from April 2026; business rates reliefs extended; effects on entity structuring and high-value estates.
Editorial impact label: High
Status requires verification
The personal allowance for income tax will increase from £12,570 to £13,000, allowing individuals to earn more before paying income tax.
Editorial impact label: Medium
Status requires verification
Effective from 6 April 2025, the UK removed the domicile concept and replaced it with a residence-based tax regime. Non-UK domiciled individuals now taxed on worldwide income and gains as they arise except those eligible for the 4-year foreign income & gains regime. Trusts and overseas workday relief also reformed.
Editorial impact label: High
Status requires verification
From 6 April 2025, UK abolished the remittance basis for non-UK domiciled individuals and introduced a residence-based tax system. Individuals meeting certain criteria may benefit from a 4-year relief period for foreign income and gains; trust income/gains arising post-6 April are taxed on arising basis; Transitional Repatriation Facility and rebasing of assets introduced. Effects are high for non-dom individuals, trusts, expatriates.
Editorial impact label: High
Status requires verification
Introduces a tax charge on Winter Fuel Payments (and Pension Age Winter Heating Payments) for pensioners with total income over £35,000. The full amount of the winter payment will be recovered through PAYE tax codes or Self Assessment, starting in tax year 2025-26. It does not tax the benefit itself, merely recovers what's already paid. Covers approximately 2.2 million individuals. The charge operates UK-wide and includes exceptions for those receiving certain income-related benefits.
Editorial impact label: Medium
Status requires verification
From 6 April 2025, HMRC will increase late payment penalties for VAT and Self-Assessment (ITSA) taxpayers: 3% penalty where tax is overdue by 15 days; another 3% at 30 days; plus interest of 10% per annum beyond 31 days. Separately, from April 2026, sole traders and landlords with gross income over £50,000 for self-employment and property will be required to keep digital records and send quarterly updates under MTD for Income Tax.
Editorial impact label: High
Status requires verification
Finance Act 2025 confirms that for tax year 2025-26 the main rates of income tax remain at 20% (basic), 40% (higher) and 45% (additional). It also sets the starting rate limit for savings at £5,000 and explicitly suspends indexation of that starting rate for that tax year.
Editorial impact label: Low
Proposed
The National Insurance contribution threshold will be raised to alleviate the tax burden on low and middle-income earners.
Editorial impact label: High
Proposed
The National Insurance threshold will increase to £12,570, allowing individuals to earn more before paying contributions.
Editorial impact label: Medium
Status requires verification
The Finance Act 2025 ends the availability of the remittance basis for tax years from 2025-26 onward. Non-domiciled individuals can no longer use this basis to limit UK taxation to income/gains remitted to the UK, meaning all worldwide income/gains are taxable.
Editorial impact label: High
Status requires verification
Introduces the 4-year Foreign Income & Gains (FIG) regime replacing the remittance basis from 6 April 2025; retains Overseas Workday Relief based on eligibility under the FIG rules; ends certain trust protections for non-domestic settlors and beneficiaries outside that regime; provides a Temporary Repatriation Facility for pre-April 2025 untaxed FIG.
Editorial impact label: High
Status requires verification
From April 6, 2025, the UK abolishes the remittance basis of taxation for UK resident non-domiciled individuals and introduces a residence-based regime. Eligible individuals (after 10 years of non-UK residence) may opt into a 4-year Foreign Income & Gains (FIG) regime which exempts certain foreign income and gains from UK tax during those four years, simplifies remittance rules and removes the need for complex tracking; overseas workday relief continues for the first three tax years. Individuals not eligible for FIG will become taxable on worldwide income and gains arising. Transitional rules for capital gains rebasing and trusts are included. Personal allowances and CGT annual exempt amount are lost under FIG. Certain tax charges, benefits and trust treatment are affected.
Editorial impact label: High
Status requires verification
At Budget 2025, the government announced that the Inheritance Tax nil-rate band (£325,000), the residence nil-rate band (£175,000), and the residence band taper threshold (£2 million) will remain frozen until 5 April 2031, continuing the current levels and removing indexation in that period. ([gov.uk](https://www.gov.uk/government/publications/hm-revenue-and-customs-trusts-and-estates-newsletters/hmrc-trusts-and-estates-newsletter-february-2026?utm_source=openai))
Editorial impact label: High
Status requires verification
The official rate of interest used to calculate the taxable benefit of employment-related beneficial loans and living accommodation will increase from **2.25% to 3.75%** for the 2025-26 tax year, effective **6 April 2025**. This affects employers who provide such benefits, and employees who receive them. ([gov.uk](https://www.gov.uk/government/publications/agent-update-issue-129/issue-129-of-agent-update?utm_source=openai))
Editorial impact label: Low
Proposed
The Spring Statement 2025 outlines the expansion of Making Tax Digital (MTD) for income tax Self Assessment to sole traders and landlords with incomes over £20,000 from April 2028. It also details increased late payment penalties for VAT and income tax Self Assessment taxpayers, effective from April 2025.
Editorial impact label: Medium