Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reforming the rules on non-domiciled status.
The Government wants the UK to have a fair, but internationally competitive tax system designed to bring in talented individuals and investment that contributes to the growth of the economy.
Non-domiciled taxpayers play an important role in funding our public services through their UK tax contributions, estimated to be worth almost £7.9 billion a year in the tax year 2020-2021, and support business growth through the Business Investment Relief scheme, worth over £6 billion since the scheme’s introduction in 2012.