Fears of a non-dom mass exodus from the UK have been allayed by initial tax data that suggests the numbers leaving are in line with — or even below — official forecasts.HM Revenue & Customs payroll data has found no evidence to suggest that more non-doms left Britain in response to Rachel Reeves’ 2024 Budget than official predictions, according to people briefed on the findings.The data will be a relief to the chancellor after a series of, largely anecdotal, surveys suggested that her tax policies had prompted huge numbers of wealthy individuals to flee the country.Reeves was told by the Office for Budget Responsibility to expect 25 per cent of non-doms with trusts to quit the country in response to the crackdown on their tax status, which began under the Conservatives and intensified when she became chancellor last year.
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