Remittances: Taxation
Commons · Question 78994 · Tabled 10 Oct 2025 · Treasury · Official record
Answered 20 Oct 2025
Question
Asked by Nick Timothy
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of introducing a tax on remittance flows.
Answer
Answered by Lucy Rigby, 20 Oct 2025
The Treasury does not collect or report data on the flow of remittances out of the UK and has not under previous governments. The UK imposes taxes based on individual’s residence status. Individuals who are resident in the UK are taxable on their income a...