Monday, 1 March 2010

Ashcroft is a Non Dom

So Lord Ashcroft has finally given a statement on his tax status.

With two months to go before a general election,his lordship has clarified that he is indeed a non dom but that since sitting in the Lords,he has declared all his UK income to her majesties revenue and customs.

Clear?,the statement continues

As for the future, while the non-dom status will continue for many people in business or public life, David Cameron has said that anyone sitting in the legislature - Lords or Commons - must be treated as resident and domiciled in the UK for tax purposes. I agree with this change and expect to be sitting in the House of Lords for many years to come."


Well Labour's Gordon Prentice certainly is-He put in the freedom of infrmation request which has prompted this sudden change of heart

"This is absolutely explosive. He says that he has been declaring all his UK income to HM revenue, he's not declaring his worldwide income, he's worth £850m. He should resign from House of Lords immediately."

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