If they are currently claiming non-dom status then they don’t pay tax on UK income, that’s the point. They have interests in the UK but because they technically don’t live here they don’t pay anything.
What is being proposed is to move it over to the system you have just described.
I have a cousin who is non-dom except he doesn’t have any UK interests so there’s no missing tax in his case but it does mean they actually understand how the law works because I was interested and asked him when all this started. In his case this won’t make any difference because he doesn’t have any earnings in the UK.
The company he works for is American and is operating in Western Africa.
No that’s incorrect.
If they are currently claiming non-dom status then they don’t pay tax on UK income, that’s the point. They have interests in the UK but because they technically don’t live here they don’t pay anything.
What is being proposed is to move it over to the system you have just described.
I have a cousin who is non-dom except he doesn’t have any UK interests so there’s no missing tax in his case but it does mean they actually understand how the law works because I was interested and asked him when all this started. In his case this won’t make any difference because he doesn’t have any earnings in the UK.
The company he works for is American and is operating in Western Africa.
No, they literally do pay UK taxes on their UK income. It would be illegal not to.
The proposed change means that they would have to pay UK taxes on their foreign income as well as paying the foreign taxes.