Transfer Pricing

Treasury written question – answered on 11th January 2010.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Chancellor of the Exchequer how much tax revenue was collected by HM Revenue and Customs through investigations into transfer pricing in each year since 2003.

Photo of Stephen Timms Stephen Timms Parliamentary Under-Secretary (Department for Business, Innovation and Skills) (Digital Britain) (also HM Treasury), Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

I refer the hon. Gentleman to the answer given to Jim Cousins on 10 November 2008, Hansard, column 938W. The yield for transfer pricing inquires on large business for 2007-08 and 2008-09 was £494 million and £1,564 million respectively. The yield from smaller businesses for the same periods was £25 million and £31 million respectively.

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