Commons Sense

House of Commons · Written Ministerial Statement

UK suspension of exchange of tax information with Russia and Belarus

17 March 2022 · Treasury

Proposed by Lucy Frazer Con South East Cambridgeshire

TaxationUkraine

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The UK is suspending all tax information exchanges with Russia and Belarus.
  • This includes halting Exchange of Information on Request, Common Reporting Standard, and Country-by-country Reporting agreements.
  • The action aims to prevent economic benefit for Russia and Belarus through tax information.

Issue summary

The UK is suspending all tax information exchanges with Russia and Belarus in response to Russia's invasion of Ukraine.

Action requested

I am announcing the suspension of tax cooperation with Russia and Belarus, which includes halting Exchange of Information on Request (EoIR), Common Reporting Standard (CRS), and Country-by-country Reporting (CBCR) agreements. This action is designed to prevent economic benefit for these countries through tax information.

Key facts

  • The UK exchanges tax information with Russia under the Convention on Mutual Administrative Assistance in Tax Matters.
  • The UK exchanges tax information with Belarus under bilateral Double Tax Agreements.
  • CRS and CBCR are not applicable to Belarus, so only EoIR is suspended for Belarus.
  • The suspension will ensure that the UK does not provide Russia and Belarus with information leading to economic benefit.
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