Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the number of (a) people and (b) businesses that will be affected by the implementation of EU Directive 2018/822 amending Directive 2011/16/EU as set out in clause 40 of the draft Finance Bill.

As explained in the policy paper published on 6 July 2018, clause 40 is purely enabling legislation. Work on the implementing regulations is at an early stage, so no impacting work has yet been completed. A tax information and impact note will be published which will set out the impact of the implementing regulations in 2019.