The coalition government has been urged to simplify tax rules without removing the UK’s attractiveness of non-domiciled status for key foreign talent by Sean Drury, international mobility partner at PricewaterhouseCoopers.

The Chancellor this week at a meeting at the Confederation of British Industry (CBI) committed to simplifying and reforming the tax system to increase the attractiveness of the UK for multinationals.

Drury says: “Crucial to this goal is keeping the UK a magnet for top global talent. The attractiveness of our personal tax system for internationally mobile employees is paramount, yet the regime has become less competitive over the last three years.  

 “Currently in the UK over one third of CEOs of the FTSE 100 are foreign nationals who are likely to be non domiciled. We are concerned that another set of changes and rules, following so soon after the significant changes enacted in Finance Act 2008, may raise concerns with the current non-domiciled community. It is essential that the long-term benefit of remaining in the UK for non domiciles is retained and we hope that appropriate representations and transparency are a cornerstone of the proposed review.”