Rishi Sunak’s wife claims non-domicile status

[AtW]

Ah, so now that they got caught she'll pay taxes ... for the current tax year - what about previous years plus interest plus penalties?

[AtW]

It gets better...

"Although Murty has committed herself to paying UK tax on her foreign earnings, she is not promising to pay back tax she saved from the arrangement over the past decade.

...

However, Murty will retain her non-domiciled status and will continue to benefit from India’s policy of not taxing inheritance."

https://www.thetimes.co.uk/article/r...come-2bhn0wnls


How is it even possible to retain non-dom status and thus not having to pay UK taxes, yet somehow pay them as if they were due? That's not possible surely, it will be just payment on account FFS

[Fraidycat]

How is it even possible to retain non-dom status and thus not having to pay UK taxes, yet somehow pay them as if they were due? That's not possible surely, it will be just payment on account FFS

Claiming remittance basis is optional. She can untick the box on her self assessment form for prior years.

Alternatively she could just 'remit' the offshore money for prior years to the UK this year, then the tax will be due this year.

[AtW]

Great tax system innit

[AtW]

"The taxman has been urged to investigate whether the Chancellor's wife broke the terms of her non-dom status by giving her UK company £4.3 million in interest-free loans.

Tax experts said the personal loans to Akshata Murty's venture capital firm, Catamaran Ventures UK, fall into a 'grey area' of the rules and last night called for HM Revenue & Customs to investigate.

The loans could 'circumvent' the basis of her non-dom status if they were found to give her 'monetary or non-monetary returns' – whether through profits or by exerting influence – it was claimed."

https://www.dailymail.co.uk/news/art...stigation.html

[SueEllen]

Knives out for Ben Wallace next

https://www.conservativehome.com/the...om-bottom.html

[ladymuck]

Knives out for Ben Wallace next

https://www.conservativehome.com/the...om-bottom.html

Lolz

Did you read the comments on that?? Crikey.

[vetran]

Matt Handjob seduced the wrong woman....

Rishi versus Matt the adulterer - I'm not a woman or gay and I would still prefer to marry Rishi.

[SueEllen]

Rishi versus Matt the adulterer - I'm not a woman or gay and I would still prefer to marry Rishi.

So we have your marry - Rishi - and your avoid - Matt - but which cabinet member would you snog?

[OwlHoot]

Lolz

Did you read the comments on that?? Crikey.

A lot of the commenters seem preoccupied with "draining the swamp", i.e. (in part) sacking a load of obstructive passive-aggressive civil servants.

There's a great opportunity for that coming up before too long. All Boris & co need do is repeal the Demise of the Crown Act (1901). Then when HMQ pops orf, all senior civil servants will be immediately sacked by default, after which the cabinet can decide who to let back!

The snag is, I wonder if the Government itself would also be dissolved in that event, so in repealing the act they would be sawing the branch off on the wrong side!