The government has announced a levy of £30,000 on non-doms who have stayed in
the UK for more than seven years.
Despite rubbishing the Tories’ plan to introduce a £25,000 levy last week,
government PBR documents revealed the almost identical levy to be intriduced by
chancellor Alistair Darling.
‘UK residents who are non-domiciled, who currently pay £4bn in UK tax on UK
earnings, will now also have to pay an annual charge of £30,000 to ensure
that they contribute in respect of the foreign income and gains which they
keep abroad and on which they do not pay UK tax,’ government documents say.
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The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
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