{"id":206588,"date":"2025-06-23T02:29:17","date_gmt":"2025-06-23T02:29:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/206588\/"},"modified":"2025-06-23T02:29:17","modified_gmt":"2025-06-23T02:29:17","slug":"nigel-farage-unveils-plans-to-charge-non-doms-a-one-off-250000-fee-in-exchange-for-tax-breaks-with-the-money-distributed-to-britains-lowest-earning-10-per-cent-of-workers","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/206588\/","title":{"rendered":"Nigel Farage unveils plans to charge non-doms a one-off \u00a3250,000 fee in exchange for tax breaks… with the money distributed to Britain’s lowest earning 10 per cent of workers"},"content":{"rendered":"

By HARRIET LINE DEPUTY POLITICAL EDITOR<\/a> <\/p>\n

Published: 19:20 EDT, 22 June 2025 | Updated: 20:35 EDT, 22 June 2025 <\/p>\n

Nigel Farage<\/a> will today unveil a plan to charge non-doms \u00a3250,000 in return for avoiding a raft of taxes, with the proceeds going to the lowest-paid workers.<\/p>\n

In his latest lurch to the Left, the Reform UK leader will use a speech this morning to pledge to ‘restore the social contract between rich and poor’ in Britain.<\/p>\n

Under the plan, non-doms would be offered the chance to pay a \u00a3250,000 one-off ‘Entry Contribution’ in return for not being taxed on any offshore income or gains.<\/p>\n

They would also not be liable to pay inheritance tax, the Mail understands.<\/p>\n

The ‘contribution’ would then be distributed to Britain’s lowest earning 10 per cent of full-time workers, delivered automatically by HMRC<\/a> as a cash dividend.<\/p>\n

It is designed to make the UK a more attractive place to wealthy individuals, as it would reinstate the non-dom regime which Labour abolished in April.<\/p>\n

Non-domiciled status allows people who live in the UK, but who have a permanent home elsewhere, to only pay tax on the money they earn in the UK.<\/p>\n

It can be used to shield any overseas income and profits from UK taxes, unless they are transferred into the country.<\/p>\n

\"Nigel <\/p>\n

Nigel Farage will today unveil a plan to charge non-doms \u00a3250,000 in return for avoiding a raft of taxes, with the proceeds reportedly going to the lowest-paid workers<\/p>\n

\"In <\/p>\n

In her budget last October, Rachel Reeves scrapped centuries-old tax privileges for non-doms \u2013 under which they were only taxed on income and gains brought into Britain<\/p>\n

\"Tycoon <\/p>\n

Tycoon Ian Livingstone, pictured with his wife Natalie, was revealed in April to have quit the UK for Monaco, according to corporate documents<\/p>\n

Chancellor Rachel Reeves is reportedly seeking to soften the changes, however, after fears that it is leading to an exodus of wealth creators.<\/p>\n

It comes after three of Britain’s richest men \u2013 including a top investment banker -became the latest to join an exodus of the super-rich amid a government crackdown on wealthy non-doms.<\/p>\n

In April, Ian and Richard Livingstone, brothers who own a \u00a39bn property empire in the UK and abroad, an online casino and plush Monte Carlo hotel, were revealed as having quit the UK for Monaco, according to corporate documents.<\/p>\n

Meanwhile, Goldman Sachs’ top banker, Richard Gnodde, worth over \u00a3130m, is understood to have ditched London for Milan.<\/p>\n

\"Goldman <\/p>\n

Goldman Sachs’ group vice chairman and ex-CEO Richard Gnodde is also understood to have ditched the UK, swapping London for Milan<\/p>\n

Mr Gnodde is believed to be is the first senior banker leaving the UK for a different country, leading to fears the exodus of wealthy talent is spreading among the City’s higher echelons.<\/p>\n

Leslie Macleod-Miller, chief executive of the non-dom lobby group, Foreign Investors for Britain, called for action to ‘stem the flow of highly desired \u2013 and highly mobile \u2013 individuals such as Gnodde’.<\/p>\n

He told the City AM newspaper: ‘We are calling on the government to create an internationally competitive environment that attracts and retains top global talent and investment.’<\/p>\n

In her budget last October, Rachel Reeves scrapped centuries-old tax privileges for non-doms \u2013 under which they were only taxed on income and gains brought into Britain.<\/p>\n

Now all UK residents will be taxed in Britain on their worldwide income and gains.<\/p>\n

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