Shipping: Taxation
The question
To ask the Chancellor of the Exchequer, whether she has received representations from shipping companies, shipowners and maritime advisers on the potential impact of changes to the non-domicile tax regime on the relocation of (a) maritime businesses and (b) investment away from the UK.
Answered by Dan Tomlinson
The Government is committed to addressing unfairness in the tax system, so that everyone who makes their home in the UK pays their taxes here.
That is why the Government removed the outdated concept of domicile status from the tax system from April 2025 and replaced it with a new internationally competitive residence-based regime, focused on attracting the best talent and investment to the UK. The Chancellor has been clear that she will continue to assess the regime to ensure it remains competitive, including welcoming views from all industries.
The Government set out its assessment of the impact of the changes here:
https://www.gov.uk/government/publications/tax-changes-for-non-uk-domiciled-individuals/reforming-the-taxation-of-non-uk-domiciled-individuals
The Government continues to support the maritime sector specifically through measures such as the Tonnage Tax regime, which helps ensure UK shipping remains competitive internationally and supports the wider maritime ecosystem.
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