§ Mr. Rookerasked the Chancellor of the Exchequer if he will publish the questions which are being asked of multinational companies under Section 485 of the Income and Corporation Taxes Act 1970.
§ Mr. Denzil DaviesThere are not—and in the nature of things cannot be—any standard questions. The Inland Revenue ask whatever seems to it to be necessary, in the circumstances of a particular case, to elicit sufficient information to enable it to decide whether, and to what extent, an adjustment of transfer prices is needed for tax purposes.