Non-dom tax status abolished in Jeremy Hunt’s 2024 Budget

Jeremy Hunt has reversed years of Tory orthodoxy by scrapping the non-domicile tax status in his spring Budget, in a bid to pile pressure on the Labour Party by adopting one of its key policies. The chancellor Jeremy Hunt confirmed he will abolish the system that lets foreign nationals avoid paying UK tax on money made overseas, replacing it with a “modern, simpler and fairer residency-based system”. Watch more on Independent TV: Click here to subscribe to The Independent: About The Independent: Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Connect with The Independent: Check out our full video catalog: Videos, daily editorial and more: Click here to get the best of The Independent daily: https:/