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The UK rebate (or UK correction) was a financial mechanism that reduced the United Kingdom's contribution to the EU budget in effect since 1985. It was a complex calculation which equated to a reduction of approximately 66% of the UK's net contribution – the amount paid by the UK into the EU budget less receipts from the EU budget.
In October 2021, the UK government's Office of Budget Responsibility calculated that Brexit would cost 4% of GDP per annum over the long term. [51] 4% of 2021 UK GDP is the equivalent of a £32 billion cost per annum to the UK taxpayer. [52] After rebates, the UK's EU membership fee in 2018 was £13.2 billion. [53]
£8.9bn (€10.1bn) towards the UK's contribution to the EU budget to December 2020 (after offsetting for the UK rebate); £20.5bn (€23.9bn) towards the Reste à Liquider ; and £0.7bn (€0.8bn) for other financial liabilities, being an estimate for pension liabilities of €8.7bn offset by other assets totalling €7.8bn.
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The EU’s budget chief has ruled out the prospect of the UK keeping a historic rebate worth billions if Brexit is abandoned.
The gross contribution is the amount the UK would pay under the standard formula before any discounts and rebates. At the time of the Brexit vote, the UK received a 40% discount from the gross contribution which was negotiated by Margaret Thatcher in the 1980s (worth about £144 million) plus various agricultural, economic development and ...
Around 2,300 tax compliance staff – nearly a tenth of that workforce – were redeployed in 2021-22.
A non-domiciled UK resident earning less than £2,000 in a year outside the UK does not pay tax on this unless it is transferred to the UK. This would apply to the typical person taking up a temporary job in the UK, being paid, and paying tax on it, in the UK, with possible additional small earnings in the home country.