Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the (a) effect on the UK economy and (b) costs to the public purse of Overseas Workday Relief.

HM Revenue and Customs have not made an assessment of the effect of Overseas Workday Relief (OWR) on the UK economy and there are currently no plans to do so.

OWR is a tax relief which attracts people in to work in the UK. Around £500m of foreign earnings are not taxable in the UK as a result of OWR. However, those claiming this relief pay on average around £50,000 per year in taxes to the UK Exchequer. In addition, they bring talent, expertise and diversity to the UK.