Number of people taking advantage of regime grew to 74,000 — but reform is looming
The amount of tax paid by people with non-dom status hit £8.9bn in the 2022-23 financial year, up 6 per cent on the previous year and the highest level since rule changes were introduced in 2017. Statistics from the UK tax authority published on Tuesday showed the total amount of UK income tax, capital gains tax and national insurance contributions liabilities by non-doms had increased by £474mn in 2022-23.
“While it may take two years for these proposals to be reflected in official statistics, anecdotal evidence already suggests a substantial number of non-doms are seriously considering relocating from the UK,” he said. “We have already seen several non-doms accelerate their plans to leave the UK and expect the numbers of departures to increase over the coming month,” added Elsa Littlewood, a private client tax partner at BDO, an accountancy firm.
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