Unpaid Tax Debate

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Department: HM Treasury

Unpaid Tax

Lord Wallace of Saltaire Excerpts
Monday 7th July 2025

(1 day, 22 hours ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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It is not for me to comment on individual tax affairs, but of course HMRC will treat every taxpayer fairly.

Lord Wallace of Saltaire Portrait Lord Wallace of Saltaire (LD)
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My Lords, in pursuing tax evasion, the question of information from our dependent territories is key. There was an agreement between the Treasury and the dependent territories on the provision of fuller information about ownership of assets there as they relate to tax evasion here. We are well aware that a number of dependent territories— particularly the British Virgin Islands—have not yet implemented that agreement. Are the British Government pushing them to do so?

Lord Livermore Portrait Lord Livermore (Lab)
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Yes, those discussions are ongoing.