Hunt's Plan To Replace Nondom Status Leaves A £430m Tax Loophole, Claims Labour
The Independent|April 04, 2024
The government’s plans to abolish the special non-dom tax status leave open a loophole worth more than £400m, Labour has claimed.
DAVID LYNCH
Hunt's Plan To Replace Nondom Status Leaves A £430m Tax Loophole, Claims Labour

At the spring Budget, the chancellor, Jeremy Hunt, announced plans to abolish the current system for taxing non domiciled wealthy foreigners living in the UK, which allows them to pay tax on their UK earnings only.

Instead, he said, this would be replaced with a "modern, simpler and fairer residency-based system", with the resulting £2.7bn a year raised from scrapping the special status to be put towards tax cuts. Under the new system, anyone who had been a tax resident in the UK for more than four years would have to pay tax on their foreign income and other gains.

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FLERE HISTORIER FRA THE INDEPENDENTSe alt
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The Independent

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3 mins  |
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Wiegman faces twin issues in tactical battle with Hayes
The Independent

Wiegman faces twin issues in tactical battle with Hayes

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4 mins  |
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The Independent

Crisis at City has shades of Mourinho's Bridge too far

For all the comments on Pep Guardiola's scratches, some senior figures in football were a bit shocked by the image.

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5 mins  |
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The Independent

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Insurgents fighting Assad's Syrian regime enter Aleppo
The Independent

Insurgents fighting Assad's Syrian regime enter Aleppo

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2 mins  |
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The Independent

Macron praises those who helped rebuild Notre-Dame

President visits cathedral as it prepares to reopen next week

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2 mins  |
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Three main Irish parties set for election photo finish
The Independent

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5 mins  |
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Ukraine could cede land for peace deal, says Zelensky
The Independent

Ukraine could cede land for peace deal, says Zelensky

Ukrainian president Volodymyr Zelensky has suggested he would temporarily cede Ukrainian territory to Russia in exchange for joining Nato.

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1 min  |
November 30, 2024
Russia suffers record 2,000 losses in one day, says Kyiv
The Independent

Russia suffers record 2,000 losses in one day, says Kyiv

Claims of unprecedented military casualties for Moscow come as Putin’s forces make advances in eastern Ukraine

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3 mins  |
November 30, 2024
Police name mother killed in hit-and-run e-bike crash
The Independent

Police name mother killed in hit-and-run e-bike crash

A young mother who was killed after she was knocked off an ebike in a hit-and-run crash has been named.

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2 mins  |
November 30, 2024