UK Non-Doms Have Dropped by 2 Billion Since 2017

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The number of non-domiciled taxpayers in the UK fell by 13% to 78,300 in the 2017-2018 tax year, according to recent figures from HMRC. Half of the decline in the non-domiciled numbers resulted from a number of residents leaving the UK, and the other half can be attributed to individuals changing to domiciled status.

Consequently, the amount of tax revenue originating from non-domiciled dropped by GBP $2 billion to GBP £7.5 billion, although the HMRC claims that its total revenue was interestingly not affected.