It has been announced that a significant number of proposals have been dropped from the Finance Bill having only four hours in the Commons this afternoon for debate before the Bill passes through later today.
All of the non-domiciled changes are amongst those dropped today but the expectation is that if the Conservatives are returned to Parliament, they will be reintroduced in a Bill post election. Furthermore, it is likely the 6 April 2017 start date could remain for the non-domiciled changes, as those individuals and trusts affected by it have been aware of these proposed changes for a very long time. Some of the other proposals (which were only introduced in the recent Budget) may well be delayed until 6 April 2018.
Watch this space.
The information in this article was correct at the date it was first published.
However it is of a generic nature and cannot constitute advice. Specific advice should be sought before any action taken.
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