London is facing a mass exit from the Greek shipping industry because of
plans to levy a £30,000 charge on non-dom taxpayers.
According to the FT there are 100 family shipping businesses in the
UK that contribute $10bn (£5.12bn) to the UK economy.
These families, representing about a fifth of the Greek-backed commercial
shipping fleet, are now making plans to relocate to Athens to avoid the
government’s plan to charge non-doms a £30,000 levy to keep off-shore income tax
At least 30 shipping companies have left London since 2000 because of
concerns that foreign income would be made liable for UK tax.
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