§ Mr. Leeasked the Chancellor of the Exchequer what is the total number of changes of tax domicile out of the United Kingdom sanctioned by his Department for the current financial year to the latest available date; to which country most of these transfers have been made; and what were the corresponding figures for 1967–68 and 1976–77.
§ Mr. Robert SheldonNo official consent is required for individuals to change their domicile, or their residence status for tax purposes and no information is available about the numbers of individuals who have ceased to be domiciled or resident in the United Kingdom. I would refer my hon. Friend to the Written Answer I gave him on 16th December 1977.—[Vol. 941, c.543– 4.]
Under Section 482 of the Income and Corporation Taxes Act 1970, a company wishing to transfer its residence for tax purposes outside the United Kingdom must obtain the consent of the Treasury. In the current financial year, 71 companies have bene given specific consent under this section, the United States of America being the country to which the highest number (nine) of these transfers has been made. The corresponding figures for 1967–68 and 1976–77 are 49 and 70 respectively.