§ Mr. CousinsTo 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 PrimaroloThe 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.