Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the potential average annual revenue to the Exchequer that would be accrued if non-domiciled status was abolished.

Non-domiciled taxpayers were liable to pay £7,896 million in UK Income Tax, Capital Gains Tax, and National Insurance contributions in the tax year ending 2021.

Those non-domiciles using the remittance basis pay UK tax on their UK-income and gains, and they only pay UK tax on foreign income and gains when or if those amounts are brought into the UK.

The remittance basis provides internationally mobile individuals in the UK, but with ongoing ties to another country, with an alternative treatment for their overseas income and capital gains. It increases the attractiveness and competitiveness of the UK as a place to live, to work, and invest.

The Government does not have an estimate of the Exchequer revenue from the removal of the non-domiciled remittance basis of taxation.