TAX EXILES AVOID PAYING MILLIONS DURING LOCKDOWN
Patricia Gibson MP has demanded that Her Majesty’s Revenue and Customs (HMRC) ensure that millionaire tax exiles stranded in the UK pay their taxes like every one else.
Travel restrictions left some very wealthy people classed as “domiciled” abroad (non-dom) for tax purposes at risk of incurring higher tax liabilities for exceeding the days they can reside in the UK.
However, they are now allowed to spend 120 days in the UK, rather than 60, without a tax penalty.
“Across the UK people are making sacrifices; many have lost their livelihoods or been driven into debt as the economy has contracted through the imposition of a lockdown needed to deal with the pandemic.
“Both the UK and Scottish Government are spending billions on supporting employment and businesses. It is therefore shocking that the UK Tory Government has reverted to type and allowed a privileged, wealthy elite to gain a tax advantage at the expense of everyone else.
“The HM Treasury must ensure that HMRC does not allow non-doms an extra 60 days in the UK without paying their way. The NHS and the economy needs tax revenue to support it and non-doms must pay their share.”
Tax law barrister Jolyon Maugham added:
“Effectively HMRC is pretending that these non-doms are not here, even though they are!”