TaxPersonal TaxPBR 07: Non-doms to pay £30,000 levy

PBR 07: Non-doms to pay £30,000 levy

The Labour party has announced a new levy on non-doms - stealing a Tory policy almost word for word - of £30,000

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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