New residence and domicile rules: the Treasury's figures don't add up

New residence and domicile rules: the Treasury's figures don't add up

The Financial Times reports that only 4,000 people will pay the new £30,000 annual charge on wealthy UK-based foreigners that takes effect next year, according to official Treasury estimates.

The revelation of the small number of non-doms that will be hit by Alistair Darling’s pre-Budget report move comes as the opposition Conservatives launch a new counter-attack against the government over the issue. George Osborne, the shadow chancellor, told the Financial Times on Sunday that documents obtained under the Freedom of Information Act meant Mr Darling “has got some explaining to do”.

The question of how much revenue can be extracted from non-doms has become a crucial weapon in the political battle over tax and spending policies.

UK says 4,000 non-doms face fee (Financial Times, 21 October 2007)