Chancellor Jeremy Hunt is contemplating changes to non-dom tax rules to finance cuts in national insurance.

The non-dom status allows individuals born abroad, including UK citizens, to limit UK taxes based on their claim of permanent residence in another country.

Repealing the non-dom tax break could generate an estimated £3.8 billion in revenue, factoring in possible behavioral adjustments to minimize taxes.

The review of the non-dom status raises considerations around tax income, investment inflows, and the potential impact on high-earners' decisions to reside in the UK.