There is a 7 year period during which non-domicile residents in the UK can be taxed on a remittance basis (basically it excludes tax on non-UK income). After the 7 year period there is a charge of £30,000 to remain within the remittance basis. However, the charge increases if you remain in the UK for a period of 12 years to £60,000 and if you are resident for 17 years to £90,000. The pressure is on to bring non-domiciles within the worldwide tax net.
The people known as non-doms will have to pay more for the privilege. Those who have been here for 12 of the past 14 years will now have to pay £60,000 to preserve their non-dom tax status. "And I am introducing a new £90,000 charge for those resident in this country for 17 of the past 20 years," says Mr Osborne.