Taxation

Treasury written question – answered on 1st October 2020.

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Photo of Dan Carden Dan Carden Shadow Financial Secretary (Treasury)

To ask the Chancellor of the Exchequer, pursuant to the Answer of 25 September 2020 to Question 93667, if he will (a) request and (b) publish aggregate statistics on the data held by HMRC as reported by UK financial institutions under the International Tax Compliance Regulations 2015 (as amended) for the total and average value of holdings in financial accounts by (i) year and (ii) country of tax residence of the account holder.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

Publication of aggregate statistics on the data held by HMRC on non-resident account holders, as reported by UK financial institutions, will be considered so far as the disclosure of such information would not prejudice international relations.

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