TaxPersonal TaxNon-doms surge after amnesty

Non-doms surge after amnesty

Offshore crack down inspires dramatic hike in super-rich claiming tax status

The number of people claiming non-domicile tax status has significantly
increased in the wake of the government’s amnesty for offshore bank accounts.

Revenue & Customs has said that 112,000 taxpayers claimed to be
non-domiciled in the UK in 2004/05 to avoid paying income and capital gains
taxes.

But tax experts have confirmed an unprecedented surge in non-dom applications
for this tax year that could push the number over 200,000,
The
Observer
reports.

‘People are telling the Revenue that they meant to sign non-dom forms and
that not filling them in was an oversight. The amnesty is pushing people further
offshore,’ one tax expert told the newspaper.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

2d Lucy Skoulding, Reporter
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