U.K. Government estimates from 2022-2023 suggest that 74,000 people claimed non-dom status, accounting for £8.9 billion in tax revenues. In lieu of the non-dom regime, the new system will be based on ...

The move follows concerns the planned changes could prompt wealthy people to leave the UK. "Non-dom" describes a UK resident whose permanent home - or domicile - for tax purposes is outside the UK.

Non-dom is now restricted to 15 years. The reforms effectively shrunk the number of people claiming non-dom status. Now, only the very wealthy tend to do so. Many move out of the UK after 15 years ...

The upcoming Budget statement could see the policy changed after Labour said it would remove “the outdated non-dom tax regime ... and a lot of rich people are leaving the country as a ...