Remittances: Taxation
Commons · Question 87523 · Tabled 3 Nov 2025 · Treasury · Official record
Answered 10 Nov 2025
Question
Asked by Rupert Lowe
To ask the Chancellor of the Exchequer, whether her Department has made an estimate of annual tax loss from untaxed remittances sent abroad by non-UK nationals.
Answer
Answered by Dan Tomlinson, 10 Nov 2025
The UK imposes taxes based on individual’s residence status. Individuals who are resident in the UK are typically taxable on their income and gains that arise worldwide. Remitting funds outside of the UK is not generally considered to be a chargeable even...