The average non-domiciled individual paid £123,000 ($157,255, €143,405) in tax last year, according to figures from HM Revenue & Customs (HMRC).
This is a 60% increase from 10 years ago when the average amount of tax paid by a non-dom individual was £76,000, the law firm Pinsent Masons reported.
The total amount of tax paid by non-doms overall has risen by 8% in the past year to £8.49bn ($10.9bn, €9.9bn). The data also shows that the amount of capital gains tax paid by non-doms rose 56% in the last year alone to £526m.
Sophie Warren, tax manager at Pinsent Masons, said: “Non-doms now more than ‘pay their way’ in the British economy. HMRC now brings in more in tax from non-doms than it does from inheritance tax or customs duties.
“The rise in tax paid by non-doms suggests that the cost of living crisis has affected them to an extent too. As many non-doms pay tax on money they remit to the UK, it’s likely that more of them are having to send money here from overseas to pay for increased costs.
“The big jump in CGT paid by non-doms is likely down to them selling UK property portfolios as residential property investment becomes less profitable. A lot of that money that will make its way into other parts of the UK economy through investment in other areas outside property.”
This news comes after Pinsent Masons reported back in January 2023 that the number of new non-dom taxpayers in the UK dropped by 40% in the past year.
