UK tax data reportedly suggests claims of non-dom exodus overblown
HMRC figures appear to indicate departure of high net worth people is in line with OBR predictions, report saysClaims of an exodus of wealthy “non-doms” in response to tax rises may be overblown, according to a report that suggests the number leaving the country is in line with official...
<p>HMRC figures appear to indicate departure of high net worth people is in line with OBR predictions, report says</p><p>Claims of an exodus of wealthy “non-doms” in response to tax rises may be overblown, according to a report that suggests the number leaving the country is in line with official forecasts.</p><p>In April the chancellor, Rachel Reeves, <a href="https://www.theguardian.com/politics/2024/sep/27/labour-policy-on-non-doms-mostly-copied-from-conservatives-say-whitehall-sources">scrapped the non-domiciled tax status</a>, which allowed wealthy individuals with connections abroad to avoid paying full UK tax on their overseas earnings.</p> <a href="https://www.theguardian.com/politics/2025/aug/14/wealthy-non-doms-exiting-uk-overblown-hmrc">Continue reading...</a>
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