Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the level of revenue accrued to the public purse as a result of the implementation of Article 5 of the EU Anti Tax Avoidance Directive (Directive (EU) 2016/1164 of the European Parliament.

The level of revenue accrued to the public purse as a result of the implementation of Article 5 of the EU Anti-Tax Avoidance Directive (Directive (EU) 2016/1164 of the European Parliament) is expected to be negligible. The UK already has comprehensive exit taxation rules, and the changes necessary to implement the directive are relatively minor and primarily of an administrative nature.

Article 5 of the Anti-Tax Avoidance Directive will be implemented as a budget measure in the upcoming Finance Bill. More information can be found in the Tax Information and Impact Note published on 6 July 2018:

https://www.gov.uk/government/publications/changes-to-the-corporation-tax-exit-charges