PARLIAMENTARY WRITTEN QUESTION
Domicil (15 October 2024)
Question Asked
To ask the Chancellor of the Exchequer, whether her Department has carried out a cost-benefit analysis of removing non-domiciled tax status.
Asked by:
Rupert Lowe (Reform UK)
Asked by:
Rupert Lowe (Reform UK)
Answer
The Government is committed to addressing unfairness in the tax system, so that everyone who makes their home in the UK pays their taxes here.
The Government will therefore remove the outdated concept of domicile status from the tax system and implement a new residence-based regime, which is internationally competitive and focused on attracting the best talent and investment to the UK.
Further details of this policy will be announced at the Budget, including a Tax Information and Impact Note (TIIN), as is routine for tax policy.
Answered by:
James Murray (Labour)
23 October 2024
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