Tax Havens:Written question - 284232

Q
(Hayes and Harlington)
Asked on: 02 September 2019
Treasury
Tax Havens
Commons
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.
A
Answered by: Jesse Norman
Answered on: 09 September 2019

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.

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