Question to the HM Treasury:

To ask the Chancellor of the Exchequer, which jurisdictions will be within the scope of the offshore receipts in relation to the intangible property measure in the Finance Act 2019.

The Offshore receipts in respect of intangible property measure targets multinational groups that realise intangible property income from UK sales in low or no-tax jurisdictions.

The government has been clear that this measure will be applied in compliance with the UK’s international obligations. This means that the measure will only apply to low-tax jurisdictions with which the UK does not have a full tax treaty.