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Domicile: Taxation

Volume 464: debated on Tuesday 9 October 2007

To ask the Chancellor of the Exchequer what assessment his Department has made of the effect of its amnesty for offshore account holders based in the UK on the number of non-domicile tax claimants; and if he will make a statement. (153859)

HMRC has no evidence to suggest that the Offshore Disclosure Arrangements have affected the number of non-domicile tax claimants. The arrangements, which enable offshore account holders who registered by 22 June deadline to disclose any liability not previously included in their tax returns, are not an ‘amnesty’ because full tax, interest and penalties are all payable.