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, if he will (a) request and (b) publish aggregate statistics on the data held by HMRC from countries participating in information exchange under the (i) OECD Common Reporting Standard, (ii) EU Savings Directive, (iii) US Foreign Account Compliance Act and (iv) any similar arrangements for the (A) total and (B) average value of holdings of UK tax residents in financial accounts by (1) year and (2) country of the accounts.

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

Some information concerning data received by HMRC from countries participating in information exchange on financial accounts has been published in the document ‘No Safe Havens 2019’. Publication of further aggregate statistics will be considered, so far as the relevant treaty provisions allow.

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