HMRC have, for the first time, released official statistics on the number of non-UK domiciled individuals in the UK and their incomes. It seems that officially, at least there are not very many.
According to HMRC's figures, there were only 121,300 non-domiciled taxpayers in the UK in 2014/15. 85,400 individuals were resident in the UK and 54,600 of those claimed to be taxed on the remittance basis. They paid income tax and national insurance of £8.7 billion and £250 million of capital gains tax.
Only 400 individuals claimed Business Investment Relief in 2014/15, this unlimited relief has allowed the remittance of £1.5 million into the UK tax free.
Comment
- Non-doms apparently account for a tiny fraction of the taxpayer population which is currently estimated at 30.3 million individuals. We query HMRC’s methodology: their principal source of information is the Self Assessment tax return: this will not pick up any individuals who are not in self assessment.
- In addition, the Return only requires the Residence section to be completed where it is relevant to the individual’s tax position.
- There is no box to tick for being a Non-UK domiciliary per se, you need only complete the domicile section if it is relevant to your UK income or gains.
Links:
Our guides
Non-Domiciled Tax Toolkit
Essential reading (subscription content): summarising how to tax a Non-dom and reporting obligations under Self Assessment and adviser notification requirements.
Overseas and residence
Freeview section dealing with non-doms and UK residence etc
External
