Financial Times FT.com

Non-dom fears hit Greek shipowners

By Kerin Hope in Athens

Published: February 12 2008 02:00 | Last updated: February 12 2008 02:00

London-based Greek shipowners are preparing to move their operations abroad in response to the government's planned tax crackdown on non-domiciled foreigners living in the UK, bankers and owners have told the Financial Times.

Under the UK government plans, non-domiciled foreigners who have been resident for seven years will have a choice of paying a £30,000 ($58,000, €40,000) fee if they want to continue claiming the remittance basis. If they do not pay the fee, they will pay normal UK tax on worldwide income and gains.

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