Plans for ‘settling-up charge’ predicted to raise £2bn and would follow policy in place among most G7 countriesRich people quitting the UK could be required to pay a 20% tax on their business assets as part of plans reportedly being considered by the chancellor, Rachel Reeves.The Treasury has drawn up plans for a “settling-up charge” on a move that would bring the UK into line with most other G7 nations and raise a predicted £2bn for the public coffers, according to the Times. Continue reading...
Sunday 2 November 2025
theguardian - 1 days ago
Rachel Reeves considers 20% tax on assets of people deciding to leave UK
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