
Fewer people claimed non-dom tax status in UK ahead of Government crackdown
This was 400 fewer than the 2022-23 tax year, or a dip of about 0.5%.
The number of non-doms, according to self-assessment tax returns, stood 3,900 below that in the tax year ending 2020.
It indicates a slowdown in the number of people claiming the tax status following a post-pandemic resurgence.
Non-domiciled means UK residents whose permanent home, or their 'domicile' for tax purposes, is outside the UK.
The regime meant that so-called non-doms paid tax in the UK only on income generated in the UK – meaning any income earned overseas was exempt from British taxation.
However, the Labour Government abolished the non-dom tax status in April following backlash that wealthy residents could enjoy the benefits of living in the UK without paying as much tax.
Previous chancellor Jeremy Hunt estimated that scrapping the regime would raise about £2.7 billion for the Treasury by 2028-29.
Recent data showed the UK saw the biggest fall in billionaires on record amid the Government non-dom clampdown.
The Sunday Times Rich List said there were fewer of the world's 'super rich' coming to live in Britain.
HMRC's data published on Thursday showed that some £9 billion was raised from non-doms paying income tax, capital gains tax and national insurance last year.
This was a £107 million increase on the prior year, despite the dip in the number of individuals.
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BBC News
11 minutes ago
- BBC News
Bowen: UK move to recognise Palestinian state is a diplomatic crowbar to revive peace process
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The British hope they can jolt them into believing that peace might be won't be easy, not just because of the way Hamas killed around 1,200 people, including hundreds of Israeli civilians, and took hostages on 7 October 2023, followed by Israel's vengeful response that has killed tens of thousands civilians and left Gaza in is also because every attempt to make peace has failed. Years of peace talks in the 1990s ended in bloodshed. Every attempt to revive them since then has collapsed. Israel's rejection came minutes after Keir Starmer finished speaking in Downing Street. Later in the evening, Israel's prime minister Benjamin Netanyahu posted a fiercely worded denunciation on social media."Starmer rewards Hamas's monstrous terrorism and punishes its victims. A jihadist state on Israel's border TODAY will threaten Britain TOMORROW.""Appeasement towards jihadist terrorists always fails. It will fail you too. It will not happen."Netanyahu denies Israel has caused starvation and catastrophe in Gaza. Had he accepted Britain's conditions for a postponement, his government would have disintegrated. He depends on the support of ultra nationalist extremists who want to annex the occupied territories and force Palestinians out, not grant them Netanyahu is not their prisoner. He built a career opposing the two-state solution, the idea that peace can be built by creating an independent Palestinian state alongside Israel. Earlier this month he said a Palestinian state would be a 'launchpad' for more 7 October style attempts to destroy will be hoping for the strong backing of the US government. 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In New York just after Starmer's statement, David Lammy, the UK foreign secretary, was given a big round of applause when he announced Britain's decision at the UN's conference on a two-state solution and recognition of a Palestinian dismissed the accusation that Palestinian independence could be lethal for Israel."There is no contradiction between support for Israel's security and support for Palestinian statehood. Indeed, the opposite is true.""Let me be clear: the Netanyahu government's rejection of a two-state solution is wrong – it's wrong morally and it's wrong strategically."A British official said the atmosphere was electric as Lammy told the delegates that the UK's announcement was being made "with the hand of history on our shoulders." 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It did not use the word Arab, but that is what was said Britain can be proud of the way it helped lay Israel's foundations, But the promise to Palestinians, Lammy said, was not kept, and that "is a historical injustice which continues to unfold."Britain's conflicting promises fuelled and shaped the conflict. A time traveller going back a century to Palestine in the 1920s would find the tension and violence depressingly way the UK hopes to end the misery in Gaza, create peace in the Middle East and remedy the historical injustice Lammy described is to revive the two-state conference in New York at which he was speaking was chaired by France and Saudi Arabia. It has produced a seven-page document aimed at creating a way ahead to revive the two-state solution, which includes condemnation by Arab states of Hamas and its 7 October attacks on window for peace through the two-state solution appeared to be locked shut after the collapse of the peace process that started with real hope in the decision to recognise Palestine is a diplomatic crowbar to try to reopen it.


Reuters
11 minutes ago
- Reuters
Trump administration asks judges to release Epstein, Maxwell grand jury transcripts
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The Independent
40 minutes ago
- The Independent
Gaza latest: Netanyahu claims Starmer ‘appeasing terrorists' over pledge to recognise Palestine unless war ends
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The Palestinian Authority currently exercises limited self-rule in the West Bank under Israeli occupation. Alex Croft