Treasury says just 4,000 non-doms face levy
Government says only 4,000 non-doms will have to pay its new levy
The Treasury has said that only 4,000 non-dom taxpayers will have to pay the
£30,000 levy in order to claim tax exemptions on foreign income.
The new levy, announced in the PBR, comes into effect in April next year. The
non-dom issue has become a major political battleground, as the Tories and
Labour bicker over how much revenue can be raised by changing non-dom tax rules.
Speaking before the Treasury Select Committee, Mark Neale, tax director at
the Treasury, said that because the levy would only be charged to non-doms who
have been in the UK for longer than seven years, only a small percentage would
have to pay.
Neale said only 4,000 would have to pay the charge.
There are currently 114,000 taxpayers who claim non-dom tax status, but
financial secretary Jane Kennedy has admitted in an answer to a parliamentary
question that more applications will be processed.
Further reading:
Faults exposed in non-dom regime
Business counts cost as Darling hijacks Tory
ideas
