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Written question asked by John McDonnell (Labour) on Monday, 2 September 2019, in the House of Commons. It was due for an answer on Wednesday, 4 September 2019. It was answered by Jesse Norman (Conservative) on Monday, 9 September 2019 on behalf of the Treasury.

Tax Havens

Question

To ask the Chancellor of the Exchequer, whether he has received reports of UK involvement in the tax arrangements disclosed by the Mauritius Leaks in July 2019; and what steps he is taking to tackle the use of tax havens.

Answer

HMRC have reviewed the data disclosed by the Mauritius leaks and identified limited information relating to UK taxpayers. HMRC will investigate any allegations of wrongdoing identified.

The UK Government is at the forefront of the international tax agenda and driving increased collaboration between tax authorities, including through the ground-breaking Common Reporting Standard that is shedding new light on offshore financial accounts around the world. In March 2019, HMRC refreshed their Offshore strategy, called No Safe Havens which sets out how they will continue to help those who try to get it right and tackle those who go overseas in an attempt to pay less than they should. This builds on HMRC’s success in tackling offshore non-compliance which, since 2010, has secured and protected £2.9 billion through offshore disclosure facilities from those who mistakenly believed they could hide money offshore.

HMRC continue to work alongside UK and international partners to identify and tackle tax and economic crime in all its forms.

Secondary information

Type
Written question
Reference
284232
Session
2017-19
Subjects
Disclosure of information Mauritius Tax havens
Link
View this Written question on www.parliament.uk