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.