Tories planning a scrap of the non-dom tax status — reports

Jeremy Hunt will deliver his second Spring Budget as chancellor next week

Hope Coumbe
clock • 1 min read

The Conservative Party is looking to scrap the tax status benefiting individuals who are non-domiciled in the UK as part of a range of measures in the 2024 Spring Budget next week, according to multiple reports.

It comes on the back of a multitude of rumours regarding potential tax cuts for the party as a general election looms on the horizon. Scrapping the non-dom tax status is a popular option to boost government finances, the BBC reported. It was reported in The Financial Times that the tax was among the propositions on a ‘secret project list' of revenue raising measures. It estimated scrapping the tax would raise around £3.6bn a year though reports note that the Conservatives have long been against the measure.

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