The ruling, which comes into force next month, brings to an end a special agreement that limits his tax on foreign earnings to £240,000 a year.
A statement issued on his behalf claims that the Revenue has singled him out from most non-domiciled taxpayers. ‘The grossly unfair treatment finally convinced me that, for the sake of my family, the time has come to leave,’ reads the statement. ‘My record shows that I have contributed enormously to the economy, business infrastructure and social fabric of this country over many years.’
The Revenue ruling will bring the non-domicile tax argument out in to the open ahead of next week’s Budget speech.
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
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy