Tax Avoidance

(asked on 15th May 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent steps her Department has taken to help tackle offshore tax non-compliance.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 22nd May 2025

The government has announced significant additional resource for HMRC. This includes an increase of around 400 people over the next five years to tackle offshore non-compliance by wealthy people, estimated to bring in £500 million in additional compliance yield over the same period: https://www.gov.uk/government/publications/spring-statement-2025-document/spring-statement-2025-html

The government is also ensuring that HMRC has the international data it needs and is implementing the Cryptoasset Reporting Framework and amendments to the Common Reporting Standard:

Cryptoasset Reporting Framework, Common Reporting Standard amendments, and seeking views on extension to domestic reporting - summary of responses - GOV.UK

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