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Low hanging fruit

HMRC knows exactly where UK non-domiciled individuals are likely to make a mistake on their tax declarations and specifically targets them, says Mark Davies

15 October 2014

HMRC has revealed that their Personal Tax International Group, the division which scrutinises high earning foreign executives often working in the City of London, collected £154m in the tax year 2013/14. This money was gathered from investigations into UK resident but non domiciled individuals (non-doms). Collections are up by 27 per cent on the previous year due to a number of reasons.

Spending paper trail

These executives are usually high earners; not in the realms of oligarchs and multi-millionaires, but wealthy in comparison to the average taxpayer. Often their personal finance involves multiple sources of income and gains in the UK and abroad. This means that there is a much bigger chance mistakes will be m...

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