The Treasury Select Committee, which has just conducted a series of high
profile hearings into private equity, will now focus in on the taxation of
non-domiciled residents, City A.M. reports.
Non-doms are not required to pay tax on foreign income, a rule which has
recently enraged tax activists and unions who claim the rules are unfair.
The Treasury is currently reviewing the non-dom question, but the select
committee’s interest marks the most notable political intervention in the matter
since the review was announced.
‘We can’t run the tax economy of this country as a large-scale version of the
Chelsea Football Club,’ said MP and committee member Jim Cousins, alluding to
the club’s Russian owner Roman Ambramovich, who is non-domiciled.
"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