(13 years, 4 months ago)
Ministerial CorrectionsTo ask the Chancellor of the Exchequer (1) what estimate he has made of the number of non-domiciled UK taxpayers who will pay the annual levy in (a) 2011-12 and (b) 2012-13;
There is currently a £30,000 annual charge for non-domiciled individuals who have been resident for at least seven of the past nine years and wish to retain access to the remittance basis of taxation. In Budget 2011, the Government announced that it would consult on raising this charge to £50,000 for non-domiciled individuals who have been resident for at least 12 years with a view to implementing this change from the 2012-13 tax year. The number of individuals estimated to pay the annual charges of £30,000 and £50,000 are:
Rounded | 2011-12 | 2012-13 |
---|---|---|
£30,000 | 7,400 | 5,900 |
£50,000 | 0 | 3,700 |
Total | 7,400 | 9,600 |
There is currently a £30,000 annual charge for non-domiciled individuals who have been resident for at least seven of the past nine years and wish to retain access to the remittance basis of taxation. In Budget 2011, the Government announced that it would consult on raising this charge to £50,000 for non-domiciled individuals who have been resident for at least 12 years with a view to implementing this change from the 2012-13 tax year. The number of individuals estimated to pay the annual charges of £30,000 and £50,000 are:
Rounded | 2011-12 | 2012-13 |
---|---|---|
£30,000 | 7,400 | 2,600 |
£50,000 | 0 | 3,700 |
Total | 7,400 | 6,300 |