non-domicile tax status

[richy]

Anyone doing the non-domicile thing to get their clients to pay their ltd company abroad, and then only bring in a tiny portion of salary to live in the UK?

[malvolio]

Don't be silly. Go away and find out what "non-dom" means and try again.

HTH

[tim123]

Don't be silly. Go away and find out what "non-dom" means and try again.

HTH

I don't see anything in his post that suggest that he doesn't understand the term.

tim

[Diver]

I don't see anything in his post that suggest that he doesn't understand the term.

tim

Non-Dom
Foreign national living in the uk who bank here and or abroad and pay their reduced taxes abroad not here. thus using UK as a tax haven.
They were hit recently with a one off £30,000 tax.
A UK citizen can not use the UK as a tax haven even if he works, banks and pays his taxes abroad. he will still be taxed in the uk.

Those at the back please try to keep up

[Sockpuppet]

They were hit recently with a one off £30,000 tax.

I thought Alistar didn't have the balls to push this through.

[Diver]

I thought Alistar didn't have the balls to push this through.

Must have missed that then. I thought it had gone through but he was intending to reduce it at the budget
Then again, I'm one of those at the back that doesn't keep up

[malvolio]

He didn't but it's still floating around as a concept. However the OP was apparently asking if a UK resident can save tax by being paid overseas. He can't, since all his world-wide income is taxable at UK rates. The only way to do it is to be a real non-UK-domiciled person for tax purposes, which is the old 6-months, 180 days thing - and even that has recently been rejigged and made even more restrictive.

Incidentally, anyone seen today's Observer, p16...

[tim123]

He didn't but it's still floating around as a concept. However the OP was apparently asking if a UK resident can save tax by being paid overseas. He can't, since all his world-wide income is taxable at UK rates. The only way to do it is to be a real non-UK-domiciled person for tax purposes, which is the old 6-months, 180 days thing - and even that has recently been rejigged and made even more restrictive.

Incidentally, anyone seen today's Observer, p16...

This is wrong.

A UK RESIDENT can save tax by being paid overseas. If they are a non-dom. For the purpose of UK Taxation, Non-doms are by definition UK residents.

There is nothing in the original post that suggests the poster is not a non-dom nor to suggest that he cannot legitimately channel his income offshore.

(What's on page 16. The web site doesn't have page numbers)

tim

[malvolio]

offshore.

(What's on page 16. The web site doesn't have page numbers)

tim

A big Ad from the PCG politely telling Darling Alistair he's a c**t and he's trying to introduce a tax that won't work.

Also there's apparently a bit in the Telegraph reporting some senior Treasury staffers are advising him to drop it before he does any more damage.

[malvolio]

A big Ad from the PCG politely telling Darling Alistair he's a c**t and he's trying to introduce a tax that won't work.

Now up on the main PCG website - www.pcg.org.uk