Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate his Department has made of the level of revenue that will accrue to the public purse as a result of the implementation of EU Directive 2018/822 as set out in clause 40 of the draft Finance Bill.
The Government has published its current view of this measure here: https://www.gov.uk/government/publications/international-tax-enforcement-disclosable-arrangements/international-tax-enforcement-disclosable-arrangements.
We will be making an estimate of the revenue impact to the public purse as a result of implementation of the directive as the implementing legislation is finalised.