The concept of non-domicile? By Simon Sweetman

Some of our rituals are unchanging and predictable as the seasons. There will be those who, as we approach the Budget, will warn darkly that the Treasury might amend the highly favourable income tax rules which apply in the UK for those not domiciled here : the rules that allow them to omit from their UK tax returns income of non-UK origin as long as it is not remitted to the UK. In fact, this is not likely. Those rules have been under threat of amendment since about 1948, and they are (theoretically) under review again and have been since 2003.