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Banks: Tax Avoidance

Volume 490: debated on Monday 30 March 2009

To ask the Chancellor of the Exchequer how many of the financial institutions and their subsidiary companies which are (a) wholly and (b) partly in public ownership have reported tax avoidance schemes to HM Revenue and Customs in each of the last three years; how many schemes each such institution has reported; what discussions he has had on the matter with (i) UK Financial Investments and (ii) the institutions concerned; and if he will make a statement. (264336)

[holding answer 18 March 2009]: HM Revenue and Customs does not release information about the number of disclosures by individual companies for reasons of confidentiality.

Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government’s practice to provide details of all such meetings.