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.