Skip to main content

Transfer Pricing

Volume 503: debated on Monday 11 January 2010

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. (307352)

I refer the hon. Gentleman to the answer given to the hon. Member for Newcastle upon Tyne, Central (Jim Cousins) on 10 November 2008, Official Report, 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.