Tax Avoidance:Written question - 155663

Q
(Hayes and Harlington)
Asked on: 20 June 2018
Treasury
Tax Avoidance
Commons
To ask Mr Chancellor of the Exchequer, what progress his Department has made on its inquiry into the Paradise Papers.
A
Answered by: Mel Stride
Answered on: 29 June 2018

HMRC is looking very closely at the information the ICIJ has released in the Paradise Papers to see if it reveals anything new that could add to their existing leads and investigations.

In a significant number of cases that HMRC have reviewed, the practices and schemes which the data points to were either already known to HMRC or have no UK tax consequences. Since 2010, HMRC has brought in more that £2.8 billion from domestic and global initiatives to tackle offshore tax evaders.

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