Industry disagrees with Hunt's decision to scrap non-dom tax regime

‘Tax them as everyone else is taxed on UK assets and earnings’

Isabel Baxter
clock • 2 min read

The majority (52%) of the industry believes that the non-dom tax regime should not be scrapped, a Professional Adviser poll has revealed.

In the Spring Budget on 6 March, chancellor Jeremy Hunt announced that the non-dom tax status will be scrapped by the government and labelled it an "outdated" policy. In the latest PA Asks that went out before Hunt's speech, we asked the industry if the non-dom regime should be scrapped. In response to this, 52% of pundits said ‘yes', 27% said ‘no' and 21% said they ‘don't know'. One respondent who believes the non-dom tax status should not be scrapped said it is a "disincentive" for high net worth individuals from other wealthy nations to come to the UK. Sharing a similar view,...

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