Proposed reforms to the non-dom regime: key considerations for financial services professionals
Description
During this webinar, we will delve into the proposed reforms to the UK's Res Non Dom regime, providing a comprehensive update tailored for financial services professionals. Starting with an overview of the current regime for this UK financial year, we will then dissect the proposed reforms as announced by the UK Chancellor and the Conservative Party. Additionally, we'll evaluate the Labour Party's position and potential policy shifts if they ascend to government. We aim to forecast the impact of these changes on both UK and international financial services professionals with interests in the non-dom regime. Our session will conclude with actionable advice for advising clients in light of these proposed changes, focusing on strategic pre-April 2025 arrangements, followed by a conclusion and a Q&A session to address your queries.
Content
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The current regime for this UK financial year
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Proposed reforms as recently announced by the UK Chancellor (the Conservative Party)
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Announcements made by the Labour Party – evaluating their current stance and the additional measures that they may adopt if elected into Government?
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The proposed impact for this year, as well as the future for UK and international financial services professionals that have a commercial interest in the non-dom regime
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How can financial services professionals best advise their clients regarding the proposed changes, with potential pre-April 2025 arrangements to implement
Presenter
Simon DentonManaging Director at Sovereign (UK) Limited |
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Simon has 35 years’ experience and expertise in the international private client tax planning, trustee, corporate services, fiduciary, pension trustee and the market entry industry. His career started with The Consult Group in the Principality of Andorra. Thereafter he relocated to Gibraltar to ultimately commence a career with the Sovereign Group. Simon became the MD of Sovereign Trust in Gibraltar, HQ of their global Group where he served two terms as Chairman of the Association of Trust & Company Managers and was a member of the Gibraltar Government Financial Sector Legislation Committee. Simon was previously a Director of the Sovereign Group and Chairperson of the UK Chapter of The Offshore Institute. He is currently the Vice President of the Royal Society of Fellows, is a member of the Institute of Management and is the Founder and Chairman of the International Professionals Association Ltd. He is a regular lecturer and speaker at tax planning and financial services conventions around the world. External to his career exploits, Simon was once a professional squash player, a racing club cyclist, a qualified Rugby Union referee and a qualified sports mind coach |