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.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC