Written question asked by Stephen Williams (Liberal Democrat) on Tuesday, 21 May 2013, in the House of Commons. It was due for an answer on Monday, 3 June 2013. It was answered by David Gauke (Conservative) on Tuesday, 4 June 2013 on behalf of the Treasury.

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Taxation: Domicil

Question

To ask the Chancellor of the Exchequer if he will estimate the potential additional revenue that would be raised by increasing the remittance basis charge from £30,000 to £50,000 per year and making it payable once a taxpayer wishing to retain the remittance basis of taxation has been resident in the UK for (a) four of the preceding six years or (b) five of the preceding seven years; and if he will make a statement.

[157441]

Answer

A reliable estimate of the revenue impact is not currently available because of the complexity of assessing the behavioural responses which would result from the change.

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Secondary information

Type

Written question

Reference

157441; 563 c1092W

Session

2013-14

Subjects

Domicil Taxation

Contains statistics

Yes

Link

View this Written question on www.publications.parliament.uk