Sir, I am surprised at the recent criticism of the “non-domicile” tax regime.
My recent Freedom of Information request to HM Revenue & Customs revealed that there were only 110,700 non-doms in the tax year 2012-13 (the most recently available figures). Of these, 64,000 paid tax on their worldwide income and gains, with only 46,700 electing to pay tax on a non-dom or remittance basis.
Collectively non-dom taxpayers paid approximately £8.27bn of income tax and NI contributions in 2012-13. Of those who claimed the remittance basis, on average they paid tax of £132,762 per person. This means that every non-dom claiming the remittance basis contributes on average 25 times more to the Treasury than the average UK taxpayer.
On these figures, the UK should encourage non-dom status, not scrap it.
Mark Davies & Associates,