TaxPersonal TaxUK’s super-rich dodge £13bn in tax

UK's super-rich dodge £13bn in tax

TUC survey will reveal the extent of the super-rich's tax avoidance, using income-shifting and claiming non-dom status

The UK loses out on £13bn a year due to tax avoidance by the wealthiest
people.

A study of tax statistics by the TUC will reveal later this week that the
wealthy are exploiting the UK’s tax rules to avoid up to £13bn a year in tax.

Non-domiciles in the UK avoid £3.8bn of tax, while income shifters move
income into companies or through spouses to avoid income tax – to the tune of
£3.2bn, reported
The
Observer
.

‘For years there has hardly been any debate about whether the tax system is
fair. But a wise government would recognise the shift in public mood when they
see police officers marching against a decision that a modest pay rise was
unaffordable when it looks like tax has become optional for a small group of the
super-rich,’ said TUC chief Brendan Barber.

Further reading:

Read
The Observer’s story

PKF: tax changes will hit all non-doms

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor