Reform UK presented plans on Monday to offer wealthy individuals, often foreign nationals, a chance to avoid paying some taxes in exchange for a one-off fee, with proceeds going to those on low incomes.
The “Britannia Card” would give non-domiciles, or non-doms, a 10-year renewable residency visa and exemption from UK taxes on overseas income and inheritance, in exchange for a one-off £250,000 payment. Non-doms live in the UK but are considered to have their permanent home in another country for tax reasons.
