TaxPersonal TaxBrown urged to clarify advisor’s tax status

Brown urged to clarify advisor's tax status

Chancellor under pressure from MPs to confirm right-hand man Sir Ronald Cohen's non-domicile position 

Gordon Brown faces a grilling in parliament in relation to the tax status of
his most senior City adviser. MPs have been calling for the chancellor to clear
up the grey area surrounding
Sir
Ronald Cohen’s
non-domicile position.

After submitting a Freedom of Information request in 2005,
Accountancy Age found that 77,000 individuals
saved £1bn in tax
after benefiting from the loophole which allows the
super-rich tax reliefs on money earnt abroad, while still paying their dues to
the Exchequer on UK income.

The taxman is currently in the middle of conducting a study of the UK’s
non-domicile situation: ‘The review is ongoing,’ a HM Revenue & Customs
spokesperson told The
Observer
.

‘This is a complex area. The chancellor has said that this must be based on
clear principles and, a full understanding of the effect of the current rules on
individuals and their employers.’

Further reading:

Brussels slams Ireland and UK for tax
discrimination

HMRC targets non-domiciled taxpayers

Labour lenders had tax affairs probed

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

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

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m 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

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter