Taxation: Domicil
Commons · Question 122279 · Tabled 19 Mar 2026 · Treasury · Official record
Answered 26 Mar 2026
Question
Asked by James Wild
To ask the Chancellor of the Exchequer, what estimate she has made of the impact on Exchequer revenues of high net worth individuals leaving the UK in each year since 2024.
Answer
Answered by Dan Tomlinson, 26 Mar 2026
There is no single agreed definition of a high net worth individual, and taxpayers are not always required to inform HM Revenue and Customs when they leave the UK. Some individuals may submit a P85 after leaving the UK if they are seeking a repayment of i...