Tax Avoidance

Treasury written question – answered on 11th January 2010.

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Photo of Gordon Prentice Gordon Prentice Labour, Pendle

To ask the Chancellor of the Exchequer what investigations HM Revenue and Customs has carried out in the last 12 months into those companies which have relocated their headquarters overseas to minimise their tax burden; and if he will make a statement.

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)

HM Revenue and Customs may investigate where there is doubt as to whether a purported relocation is genuine. No details are available centrally as to the number of cases of this type that have been investigated and such details could be collated only at disproportionate lost.

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