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HMRC figures published on 9 July show that the estimated number of non-domiciled taxpayers rose to 74 000 in the tax year ending 2023 due in part to the forthcoming abolition of the regime under the newly elected Labour government and a recovery in arrivals to the UK post-Covid. The number for the same period in 2022 showed 68 900
non-domiciled individuals.
Elsa Littlewood a private client tax partner at BDO said: ‘The incoming Labour government plans to raise £5.2bn by closing what it calls “non-dom tax loopholes”. Non-doms have begun to accelerate their plans to leave the UK and it is expected that the numbers of departures will increase over the coming months.
‘Of course the very fact that they are non-doms means that they were going to leave the UK at some point; what is perhaps going to be more interesting is the impact...
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