TaxPersonal TaxPBR 07: New line on non-doms

PBR 07: New line on non-doms

Consultation issued as Tory proposals rubbished

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.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

1m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

3m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

3m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

5m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

6m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

6m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

6m Alia Shoaib, Reporter