Chancellor Alistair Darling is to issue a consultation to tackle the tricky
subject of taxing non-domiciles. Any scheme, he said would have to be ‘fair,
workable and affordable’.
Rubbishing proposals made by the Conservatives at their conference last week
of a flat rate of £25,000 for non-domiciles raising £3.5bn, Darling said that
the actual income would be closer to £650m a shortfall of nearly 2bn.
Instead the government will look at a scheme to charge non-doms after seven
years, with a higher rate being introduced after ten, and systems to catch out
those claiming not to live in the UK who actually do.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy