HC Deb 27 June 1996 vol 280 c231W
18. Mr. Cousins

To ask the Chancellor of the Exchequer how many inquiries into transfer pricing abuses have been carried out in the last three years; and what estimate he can give of revenues recovered. [33424]

Mr. Jack

The Inland Revenue keeps multinational companies' tax affairs under constant scrutiny and any evidence of non-compliance with the transfer pricing legislation is carefully investigated. In the last three years inquiries by the Revenue's head office international specialists generated more than £500 million additional tax. Further significant amounts of tax were generated by work in the Revenue's oil taxation office and its local office.