Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Data requests with foreign tax authorities hit record high

07 June 2024
Issue: 4940 / Categories: News

Information requests between HMRC and foreign tax authorities hit highest level in seven years with 2 388 requests made to and received from foreign tax authorities in 2023-24 according to data obtained in response to a freedom of information request by Price Bailey.

In addition HMRC made 632 outbound requests in 2023-24 almost double the number immediately before the pandemic - 331 in 2018-19.

According to Price Bailey the volume of information exchanged between is likely to rise following the Spring Budget announcement that non-UK assets will be subject to inheritance tax capital gains tax and income tax based on residence rather than domicile from 6 April 2025.

HMRC also issued 23 500 one-to-many letters in relation to offshore matters in 2023-24 although this is a slight decline on 2022-23 when 23 936 such letters were issued. In contrast the monetary value of disclosures...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon