Non-doms surge after amnesty
Offshore crack down inspires dramatic hike in super-rich claiming tax status
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
But tax experts have confirmed an unprecedented surge in non-dom applications
for this tax year that could push the number over 200,000,
‘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.