With non doms set to face a tougher tax regime, despite fears of an exodus, the total number living in the UK has risen to 60,700 in the last year
Despite changes to non-doms rules in the offing, this does not seem to be acting as a major deterrent. There is continued evidence of a recovery in numbers of non-domiciled taxpayers since the height of the pandemic with total tax take hitting £8.9bn in 2022-23 from non-doms alone, up £474m from the previous year.
When non doms and deemed domiciled taxpayers are combined the tax take hits £12.33bn, virtually unchanged from the previous year’s total of £12.44bn, particularly when an exceptionally high capital gains tax figure of £540m was recorded last year against £384m in 2022-23.
However, the latest available figures for 2021-22, showed that only 2,400 paid tax on the remittance basis, a figure which has been in decline since 2015. This is the target for politicians, both from the last Conservative administration and the Labour government.
