PARLIAMENTARY WRITTEN QUESTION
Revenue and Customs: Foreign Companies (16 December 2020)
Question Asked
To ask the Chancellor of the Exchequer, how many companies whose accounts are based in offshore tax havens have been hired by HMRC since the start of the covid-19 outbreak.
Asked by:
Navendu Mishra (Labour)
Asked by:
Navendu Mishra (Labour)
Answer
The information requested could only be made available at disproportionate cost. Due to the high number of contracts awarded by HMRC, it would take a significant amount of HMRC staff resource to obtain the information requested. HMRC records are not held in such a way as to identify companies by the location of their accounts.
However, HMRC do include clauses within their standard contract terms and conditions that prohibit the use of arrangements involving the use of offshore entities, whereby the main purpose is to achieve a reduction in UK tax of any description.
Answered by:
Jesse Norman (Conservative)
11 January 2021
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