Tax Evasion:Written question - HL15597

Asked on: 08 May 2019
Treasury
Tax Evasion
Lords
To ask Her Majesty's Government what estimate they have made of the cost to HM Treasury of "cum-ex" tax fraud since 2012; and whether there have been any related prosecutions.
A
Answered by: Lord Young of Cookham
Answered on: 21 May 2019

“Cum-ex” tax fraud exploits rules which impose withholding tax (WHT) on dividend payments. The UK does not apply WHT to dividend payments; there is no direct UK tax impact on banks, other taxpayers or HM Treasury.

Grouped Questions: HL15598

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