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Non-dom changes risk zero gain for UK, suggests report

The Centre for Economics and Business Research (CEBR) has published a new report on the impact of the FA 2025 changes to domicile and removal of the remittance basis from 2025/26 onwards.

Key findings include:

  • should 25% of non-dom remittance basis taxpayers leave the UK any tax net gain for the Exchequer could be wiped out;
  • other studies which considered the effect of policy change on taxpayer behaviour suggest that the leaver rate could be higher (the one study cited in the report was conducted by Oxford Economics on behalf of Foreign Investors for Britain) leading to a net loss for the UK;
  • the net yield ignoring any ‘emigration effect’ could be significantly lower than OBR projections although the report does not attempt to factor in income and gains taxed under the temporary repatriation facility at the reduced rates (where election is made during the three...

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