Labour plans to close inheritance tax loophole for non-doms, target tax-avoiders, and raise £5bn annually for NHS and schools by 2030.
Labour to close inheritance tax loophole for non-doms, target tax-avoiders to raise funds for schools, NHS spending commitments. Rachel Reeves plans to close a funding hole created by the Conservatives copying Labour's policies to ban non-domiciled tax status and raise money for the NHS and schools by cracking down on tax dodgers. The party will raise £5bn a year by the end of the decade and invest £555m a year in HMRC to increase the number of compliance officers, boosting investigations.
April 08, 2024
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