Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many times tax information has been exchanged with (a) the People’s Republic of China and (b) Hong Kong under (i) Common Reporting Standard and (ii) Exchange of Information on Request agreements in the past year.

In accordance with the confidentiality rules in the relevant international treaties, HMRC does not release statistics on the number of exchanges with individual jurisdictions. All tax information exchange agreements contain secrecy provisions restricting the disclosure and use of data to tax purposes.

Before jurisdictions can receive financial data under the Common Reporting Standard they are subject to rigorous confidentiality and data safeguards assessments by the Global Forum on Transparency and Exchange of Information. There are circumstances where information is not exchanged with jurisdictions, for example individuals who consider their human rights are at risk if their Common Reporting Standard data is exchanged can apply to HMRC to have their information redacted at IEIM406120_application.pdf (hmrc.gov.uk). Financial institutions have been reminded of the redaction process and HMRC will further engage on this with financial industry representatives.