Warning non-dom tax scrap would only dent UK economy troubles

Suggestions of plans for a scrap have been circling in multiple reports

Hope Coumbe
clock • 2 min read

Abolishing the non-dom tax system in the UK would be a ‘significant risk’ for chancellor Jeremy Hunt with little lasting impact, Alvarez & Marsal says.

The business management consultancy said the estimated £3.5bn-£3.6bn yield for the government from a scrap was a "meagre sum" that would not go far to impacting the UK's broader financial picture. The comments from managing director Victoria Price come after multiple reports this morning that Hunt is considering wiping out the historically Conservative-favourite tax to bring some much needed money back into the government. Price warned however that "potential economic implications" of the wider picture need full consideration. "It might prompt ultra-high net worth individuals, who ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Budget 26: Income tax threshold freeze remains until April 2031

Budget 26: Income tax threshold freeze remains until April 2031

No changes on last year’s Budget

Isabel Baxter
clock 28 October 2026 • 2 min read
IHT on pensions gets technical changes ahead of 2027 start

IHT on pensions gets technical changes ahead of 2027 start

Rules on liabilities linked to trusts also tightened

Jen Frost
clock 28 October 2026 • 6 min read
Budget 26: CGT headline rates untouched following speculation

Budget 26: CGT headline rates untouched following speculation

CGT relief announced for founders

Sophia Panayi
clock 28 October 2026 • 3 min read