Tax Avoidance

(asked on 7th January 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to tackle people using overseas accounts to avoid paying tax.


Answered by
Mel Stride Portrait
Mel Stride
Shadow Chancellor of the Exchequer
This question was answered on 15th January 2019

Since 2010 HMRC has protected and secured tax revenues of over £2.8 billion from those trying to hide money abroad. Furthermore, the UK has implemented the Common Reporting Standard - a ground-breaking agreement for 100 jurisdictions to automatically exchange financial account information, to tackle offshore tax evasion.

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