HC Deb 17 June 2002 vol 387 c137W
Mr. Cousins

To ask the Chancellor of the Exchequer how many advanced pricing agreements(a) have been made and (b) were in force with multinational companies in each year since 1996; and in how many cases each year enforcement action or penalties were taken in transfer pricing disputes. [62024]

Dawn Primarolo

The information requested is in the following table.

Advanced pricing agreements
Year to 31 March Agreements made Agreements in force
1996 3 8
1997 2 10
1998 3 13
1999 2 15
2000 10 25
2001 11 36

Transfer pricing issues are dealt with across the IR network, and a variety of enforcement action is taken or proposed, but in most instances information is eventually provided voluntarily, without the need of formal proceedings. Specific records are not maintained. No penalties were taken in respect of transfer pricing disputes.