A clip from yesterday's Public Accounts Committee hearing with Edward Troup (HMRC) about the 114,000 non-domiciled people living in the UK.
This is a great, and wholly appropriate, 'rant' by Richard Bacon MP (Con. Sth Norfolk).
With thanks to Martin Chew.
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Saw your name in the Observer 22/3 NHS non tax paying contractors & thought that you might be one suitably qualified person to pay attention to. Went on to look at Martin Chew’s Select committee rant about Non-Dom tax status, one of great hates, but nothing there. Nothing on his site either, where do I find the clip?
It is live here
Try a different browser, I suggest
Well done, Richard Bacon.
No ifs, no buts, this rule should be consigned to the dustbin of history forthwith.
But does any political party have the courage to do it?
No.
So, why don’t either party change the law rather than just talking about it?
Capture by wealth
Brilliant! from Richard Bacon, some straight forward talking. Call a spade a spade.
He was equally good on challenging Ed Troup about the different approaches used by HMRC on big corporations and SME’s.
Are there any estimated monetary figures around non doms?
Not up to date
Is always measuring shadows
He wasn’t really accurate though was he when he said that there is one rule for the rich and one rule for everybody else.
Your domicile isn’t determined by your wealth it is determined by your family history and your future residence intentions. You can be rich and not have access to the non-dom regime, and similarly you can also be poor and have access to it (even if it doesn’t really do anything for you).
It would have been slightly more accurate to say there is a rule for foreigners and another rule for everybody else, but even that oversimplifies things.
It is unsurprising that the UK has a policy of this kind because most countries offer something to try to entice people. The surprise is that you can use the regime for decades.
I can see exactly why the UK might want to attract high net worth individuals to the UK so that they can set up a business and spend a few years in the UK doing so creating jobs for UK residents.
I can’t see why the UK would want to offer the same treatment to an individual born in the UK to a non-dom parent when that individual has never even lived in the country they are supposedly domiciled in.
I am confident HMRC would receive the support of the courts if they challenged some of these dubious and doubtful domicile claims.
I am struggling to avoid using the word pedant
But I fear I have failed
You entirely muss his purpose and mine in posting this
This looks like crocodile tears to me. The people who he refers to as ‘pissed off’ are probably those to whom it hasn’t occurred to try the nom-dom route themselves yet.
And never mind putting on a good show for the cameras – what are MPs going to bloody well do about it? I want to see some commitment to action here.
It has got nothing to do with “putting on a good show for the cameras”. I had (mistakenly) thought that non-doms had to watch carefully the number of days they spent in the UK otherwise they could lose their non-dom status when it turns out they can spend 100% of their time here.
What are MPs going to do about it? On the PAC we have been pushing the “tax and who pays it” agenda persistently for four years, which one of the main reasons it has become a front-and-centre issue. We’ve had plenty of brickbats along the way, being told we were “anti-business” etc which I am certainly not. Building an overwhelming view that there must be change is rarely a quick process for anything, certainly not for this. So, Mr Crown, if you don’t like it, then please stop complaining and stand for Parliament yourself.
Thanks Richard
I liked your wholly appropriate outburst and appreciate the work you and the PAC have done
Thank you for raising the issue. Its an unfair tax on the people of the UK. The entrepreneur’s who don’t want to move or who don’t have family abroad.
It was nice comment.