Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 10 July 2024 to Question 65664 on Taxation: Overseas Residence, whether the Government has conducted such hypothetical tax change costings for an exit tax payable upon person ending their residency in the United Kingdom.

HMRC publishes estimates of the direct impacts of illustrative tax changes in its Direct effects of illustrative tax changes publication. The Government does not routinely publish costings for hypothetical tax changes outside of this.

The Government is committed to ensuring that the wealthiest in society pay their fair share of tax. The reforms announced at Autumn Budget 2024 were designed to help repair the public finances in a fair and balanced way.