questionText: 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.
answerText: 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...
heading: Remittances: Taxation