The profession is totally divided on exactly how many non-doms there are in
the UK who would have to pay a levy in return for keeping their foreign income
exempt from tax.
In a reader poll, Accountancy Age asked how many non-doms would be
able to pay a levy of £25,000, a proposed by the Tories, in return for tax
exemption on foreign income.
Close to a third of the 139 respondents (31%) said the debate on non-dom
numbers is not worth having at all.
But 28% of the respondents said Treasury estimates that less than 15,000
non-doms could pay the levy were correct, while 27% said the Treasury figures
were way too small and that Tory calculations of more than 150,000 were closer
to the mark.
The remainder of the respondents (14%) said the number of non-doms was closer
to 200,000 and far greater than most authorities have estimated.
The sharp divisions in the poll show how contentious the non-dom issue has
become, and also highlights the inadequacy of current statistics on the non-dom
numbers and the amount of tax non-doms pay.
In the pre-Budget report chancellor Alistair Darling introduced a £30,000
levy on non-doms who had been in the UK for more than seven years and wanted to
remain exempt from tax on foreign income.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said