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Dwindling UK non-doms pay record £9.4bn in tax

Dwindling UK non-doms pay record £9.4bn in tax

UK non-domiciled taxpayers handed over a record sum to HM Revenue & Customs in 2016/17 despite their numbers dropping by a quarter.The 2016/17 non-dom tax take was the highest total amount of income tax, capital gains tax and national insurance contributions paid since HMRC started publishing statistics on the group in 2007/08.
The £9.4bn ($12.4bn, €10.6bn) was an increase of £130m from the previous year, when the number of non-doms was around 120,000, figures from HMRC show.

Tax year 2016/17 marks the first time that the number of non-doms dropped below 100,000 since 2007/08.Please link to International Adviser to read the full article by Kirsten Hastings.

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