Tax from non-doms falls by £2bn as wealthy flee the UK

Pedro Gonçalves
clock • 2 min read

The number of wealthy residents who pay no UK tax on their offshore accounts has fallen to its lowest level ever, Treasury figures reveal. Last year, there were 78,300 non-domiciled taxpayers, or "non-doms", in the UK compared with 98,500 in 2016-17. And the £9.5bn they paid to the taxman in 2016/17 fell to £7.5bn last year. The majority of non-doms are rich UK residents whose permanent home is outside Britain. For example foreign bankers who work in the City can have non-domiciled status and avoid UK taxes on their income from outside Britain. HMRC said that of those who stoppe...

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