Changes for non doms: what you need to know

Anna Stubbs • October 2, 2024

If you’re domiciled outside of the UK for tax, you’ll need to get yourself up to speed on the recent announcement from the new Labour government regarding ‘non-dom’ status.


As the recent policy note from HM Treasury outlines, ‘the government is committed to addressing unfairness in the tax system, so that everyone who is long-term resident in the UK pays their taxes here’. This move seeks to remove the unfair tax advantages enjoyed by UK taxpayers who intentionally domicile themselves for tax purposes outside of the UK.

What does this mean for non-doms?

The key aim of this new policy is to ensure that entrepreneurs, high-net-worth individuals and investors that base themselves in the UK pay the right amount of tax on their earnings, whether these are UK-based or generated in overseas territories.


This is a major policy change and will mean that:

The outdated concept of domicile status will be removed from the tax system. A new residence-based regime will be introduced which is internationally competitive and focused on attracting the best talent and investment to the UK. The 4-year foreign income and gains (FIG) regime announced by the previous government at the Spring Budget will be introduced. The advantages for existing non-doms that remained in the proposed FIG regime will be ended to make the system fairer and to generate greater tax revenues for HMRC.


Talk to us about reviewing your non-dom status

If you’re currently non-UK domiciled for tax, these proposed changes may have a significant impact on your tax planning and ongoing tax costs as a UK resident and taxpayer.

We’ll keep you up to date with amendments to the non-dom system and can help you plan your UK tax to ensure you’re adhering to the new legislation.

Basic strategic advice: why your business needs an evolving strategy

By Anna Stubbs • June 2, 2026
“Q: Why do I need an evolving strategy for my small business?” You’re a business owner or CEO. And that means it’s your responsibility to take care of the business, invest in the right places and make the company a success story. However, to do this, you need an agreed business strategy that lays out your goals, your mission and your plan for taking the company to the next level. So, why does this need to be an evolving strategy? “A: Your business strategy is not a static document – it’s a plan and mission that should be fluid, agile and able to react to change.” We’re trading in uncertain times at present. Each day presents a new challenge for small businesses, and having a plan that can react to change is a major competitive advantage.

Cash flow and cost control

By Anna Stubbs • June 2, 2026
More than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Revenue, profit and your bottom line all deserve your attention. But keeping everything running is the baseline. Regular cashflow forecasts help you keep that in focus. Here’s why: Cost control - If you can't reach your targets for income, reining in your costs may give you a little extra head room to manage cashflow while you plan your next move. Visibility on outgoings - Cost control can be a challenge when it’s hard to pinpoint hidden costs or where established ways of doing things cost more money than they should. You may also have been coping with unexpected expenses, as you’ve adapted your business for unplanned circumstances or increased costs. Improving business practice - It's more than only keeping an eye on outgoings (though that's important). It's about looking at each aspect of your business and business systems (or the gaps where there should be business systems) to see if poor practice is driving costs up unnecessarily. It can be useful to break it down - You can look at cost centres such as office supplies or freight. Or you can look at what those costs do for your business. It can help to analyse costs in terms of cost of sale and overheads.

Basics strategic advice: how do accountants support your financial performance?

By Anna Stubbs • June 2, 2026
“Q: How does an accountant support my financial performance?” We’re all used to the idea of a business needing an accountant. But have you ever stopped to think what a good accountant and business adviser can actually bring to your company? Advances in technology, software and AI are changing our expectations of what a basic accountant/business owner relationship can offer. So, it’s important to reassess your expectations and to find out where we can add real, additional value. “A: Your accountant is now a full-fledged business adviser, ready to help you review, manage and transform your finances and strategy.”  In previous decades, your accountant dealt primarily with historical data – the transactions and cash inflows/outflows that had happened in the past. Today, with access to so much smart forecasting, data analysis and forward-looking scenario-planning, we can tell you far more about the future of your business.