United Kingdom – Proposed Reforms to Non-domiciliary taxation
- July 2011
- 64 KB
- United Kingdom – Proposed Reforms to Non-domiciliary taxation
- Area: Employers
The government is consulting on a package of reforms, which it hopes will strike a balance between increasing the tax contribution made by non-domiciled individuals and encouraging them to invest in the UK. The reforms, which if implemented will come into effect on 6 April 2012, include increasing the £30,000 annual charge to £50,000 for non-domiciled individuals who claim the remittance basis and have been UK tax resident for 12 out of the last 14 years.