Non-doms surge after amnesty

Offshore crack down inspires dramatic hike in super-rich claiming tax status

Written by AccountancyAge.com

The number of people claiming non-domicile tax status has significantly increased in the wake of the government’s amnesty for offshore bank accounts.

Revenue & Customs has said that 112,000 taxpayers claimed to be non-domiciled in the UK in 2004/05 to avoid paying income and capital gains taxes.

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But tax experts have confirmed an unprecedented surge in non-dom applications for this tax year that could push the number over 200,000, The Observer reports.

‘People are telling the Revenue that they meant to sign non-dom forms and that not filling them in was an oversight. The amnesty is pushing people further offshore,’ one tax expert told the newspaper.

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