Let non-doms pay £250,000 and avoid some UK tax
Reform UK announced that he would give DOMS a fee of £ 250,000 and give the chance to avoid some UK taxes and that income would go to the lowest income people.
Non -dominican (or non -doms) live in the UK, but have a permanent home abroad for tax purposes.
In accordance with the reform plan, he would pay for a new Britannia card without Doms, and he would not be taxed for revenue, income or capital gains in return. They also avoid the need for inheritance tax payment.
Rachel Reeves, Labor Chancellor, said the measure was “tax reduction for foreign billionaires” and that reform should increase taxes or reduce public services such as NHS to compensate for the loss of income.
Reform UK said that the income of the measure will be exempt from tax every year, 10% of full -time employees will be transferred to bank accounts.
The party estimates that its policy will rise between £ 1.5 billion and £ 2.5 billion annually and reach £ 600 – £ 1,000 per low -paid worker.
Speaking in the center of London, reform British leader Nigel Farage said “tens of thousands of” people would be attractive to England without the offer of a card that can be renewed every 10 years.
“Many talented people are separated and many entrepreneurs, many risk buyers, many business creators, as much as many people pay too much tax as much as they pay a large amount of money.”
When asked whether the policy is an example of the “fantasy economy”, the first £ £ £ £ 250,000, stamp tax in the UK and VAT in the VAT, “the tip of the iceberg to pay if these people come back,” he said.
When it is questioned that rich people’s influx will not increase the real estate prices in London, it was a “good point”, but there would be no effect on the cost of housing.
Last year, the Labor Party government announced that it would eliminate the tax status, which allowed DOMs to pay the United Kingdom tax only for the money they earned in the country.
The so -called gap meant that rich individuals could legally save by choosing a lower tax country as permanent homes.
Earlier this year, Chancellor Rachel Reeves said that they listened to the concerns brought to the agenda by the domestic community, and that he would bring a more generous transition phase to politics.
After allegations that rich people from the UK triggered a migration, there are reports that they intend to dilute politics further.
The government said the measure package will increase £ 12.7 billion in the next five years.
In accordance with previous rules, DOMS paid £ 30,000 or £ 60,000 annually, depending on how much time they spent in England.
According to HMRC figures, 74,000 people demanded the domestic status in 2022-23 years.
A spokesman for the reform of the UK policy: “Nigel Farage can brand everything he wants – the real, the first appropriate policy is a gold ticket for foreign billionaires to avoid the tax they owe in this country.
“As usual with the reform, the devil is detailed. This gift will reduce the revenues collected from the rich to be created elsewhere – with the tax hikes in working families, or by Farage’s NHS to blame them.”
Conservative Shadow Chancellor Mel Stide said: “The British people need a real plan to put more money on their pockets – but what reform is the fantasy economy. Promises are devastating.
“Only Kemi Badenoch and conservatives believe in the financial responsibility that our country needs.”
