UK Inquiry Tracker

Corporate Tax Deals inquiry

Public Accounts Committee Closed Inquiry

Opened: 28 Jan 2016 Closed: 12 May 2016 Parliament page

Transparent, predictable and fair taxation is at the core of our public finances. The Government has a responsibility to assess and collect tax due from all taxpayers, without fear or favour, and taxpayers should pay all that tax which is due. In 2012, the Public Accounts Committee looked at HMRC's … Read more Transparent, predictable and fair taxation is at the core of our public finances. The Government has a responsibility to assess and collect tax due from all taxpayers, without fear or favour, and taxpayers should pay all that tax which is due. In 2012, the Public Accounts Committee looked at HMRC's accounts, and of principal concern to the inquiry was the corporation tax paid by multinational companies. The hearings held showed that international companies were able to exploit national and international tax structures to minimise corporation tax on the economic activity they conducted in the UK. In the Public Accounts Committee report published in November 2012, Members considered that these companies were not paying their fair share and that this practice was widespread. They concluded that HMRC was not taking sufficiently aggressive action to assess and collect the appropriate amount of corporation tax from these multinationals. Members reported that because companies did not pay their fair share of tax, other taxpayers were having to pay more. Both HMRC and corporate taxpayers were therefore failing to meet the legitimate public expectations from the tax system. Previous evidence "unconvincing" and "evasive" In the 2012 inquiry, the Public Accounts Committee took evidence from multinational companies and HMRC to understand how successful companies with huge operations in the UK pay little or no corporation tax. The evidence received was unconvincing, and in some cases evasive. On Friday 22 January 2016, it was reported that Google had agreed to pay £130m in back taxes after an open audit of its accounts by the UK tax authorities. The payment covers money owed since 2005 and follows a six year inquiry by HMRC. Google is one of several multinational companies to be have been accused of avoiding tax, in spite of making billions of pounds of sales in Britain. Matt Brittin, head of Google Europe, told the BBC: "Today we announced that we are going to be paying more tax in the UK. The rules are changing internationally and the UK government is taking the lead in applying those rules so we'll be changing what we are doing here. We want to ensure that we pay the right amount of tax." Show less

1 Report

1 Oral session

12 Letters

1 Event

Activity timeline 15 events

8 Jul
2016

Correspondence

Evelyn Regner, Member of the TAXE2 Committee Report on Tax Avoidance, European Parliament, Germany

28 Jun
2016

Correspondence

Open letter signed by Arnold Merkies, Member, Finance Committee, the Netherlands

28 Jun
2016

Correspondence

Open letter signed by Hans Olav Syversen, Chair, Finance Committee, Norway

28 Jun
2016

Correspondence

Open letter signed by Wouter Koolmees, Member, Finance Committee, the Netherlands

28 Jun
2016

Correspondence

Open letter signed by Ladislav Kamenický, Chair, Committee on Finance and Budget, Slovakia

28 Jun
2016

Correspondence

Open letter signed by Michael Theurer, Rapporteur of the TAXE2 Committee Report on Tax Avoidance, European Parliament, Germany

28 Jun
2016

Correspondence

Open letter signed by Timo Kalli, Chair, Finance Committee, Finland

28 Jun
2016

Correspondence

Open letter signed by Petr Gazdík, Deputy Chairman, Chamber of Deputies, Czech Republic

28 Jun
2016

Correspondence

Open letter signed by Burány Sándor, Chair, Committee on the Budget, Hungary

28 Jun
2016

Correspondence

Open letter signed by Professor Rumen Gechev, Deputy Chairperson, Budget and Finance Committee, Bulgaria

28 Jun
2016

Correspondence

Open letter signed by Ingrid Arndt-Brauer, Chair, Finance Committee, Germany

28 Jun
2016

Correspondence

Open letter signed by Steven van Weyenberg, Member, Finance Committee, the Netherlands

Oral evidence sessions 1 session

11 Feb 2016

View on parliament.uk

Reports 1 report · click to expand

Title	HC No.	Published	Items	Response
25th Report - Corporate tax settlements	HC 788	24 Feb 2016	0

Correspondence 12 letters

8 Jul 2016 Evelyn Regner, Member of the TAXE2 Committee Report on Tax Avoidance, European Parliament, Germany

Parliament page

28 Jun 2016 Open letter signed by Arnold Merkies, Member, Finance Committee, the Netherlands

Parliament page

28 Jun 2016 Open letter signed by Hans Olav Syversen, Chair, Finance Committee, Norway

Parliament page

28 Jun 2016 Open letter signed by Wouter Koolmees, Member, Finance Committee, the Netherlands

Parliament page

28 Jun 2016 Open letter signed by Ladislav Kamenický, Chair, Committee on Finance and Budget, Slovakia

Parliament page

28 Jun 2016 Open letter signed by Michael Theurer, Rapporteur of the TAXE2 Committee Report on Tax Avoidance, European Parliament, Germany

Parliament page

28 Jun 2016 Open letter signed by Timo Kalli, Chair, Finance Committee, Finland

Parliament page

28 Jun 2016 Open letter signed by Petr Gazdík, Deputy Chairman, Chamber of Deputies, Czech Republic

Parliament page

28 Jun 2016 Open letter signed by Burány Sándor, Chair, Committee on the Budget, Hungary

Parliament page

28 Jun 2016 Open letter signed by Professor Rumen Gechev, Deputy Chairperson, Budget and Finance Committee, Bulgaria

Parliament page

28 Jun 2016 Open letter signed by Ingrid Arndt-Brauer, Chair, Finance Committee, Germany

Parliament page

28 Jun 2016 Open letter signed by Steven van Weyenberg, Member, Finance Committee, the Netherlands

Parliament page