Northern Ireland: Illegal Petrol and Diesel
Debate between Lord Newby and Lord Browne of Belmont(10 years, 4 months ago)
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Lord Browne of Belmont (DUP)
HMRC figures confirm that in 2013-14 illicit fuel was identified at some 33 filling stations. Does the Minister agree that it would be helpful if HMRC would publish the names of the filling stations concerned so that law-abiding motorists could make an informed choice not to use them?
Lord Newby
The slight danger is that others might not, of course. The HMRC is looking at this issue. There is a legal problem at the moment. The legislation would allow naming and shaming to take place only above a certain financial threshold, which would not be met by some of these petrol stations, which are typically small and independently owned. There is also a bad faith test in the legislation so there would need to be a change in it, but HMRC is looking at that issue.
Northern Ireland: Corporation Tax
Debate between Lord Newby and Lord Browne of Belmont(11 years, 8 months ago)
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Lord Newby
My Lords, that is the reason why this has become such a big issue in Northern Ireland. The same considerations do not apply elsewhere in the United Kingdom, although I remind the House that the differential between the rate of corporation tax in Northern Ireland and the rate in the Republic of Ireland is now significantly less than it was when this Government came into office.
Lord Browne of Belmont
My Lords, will the Minister confirm that the Government will take steps to ensure that any reduction in corporation tax rates in Northern Ireland does not lead to a proliferation of artificial tax avoidance arrangements such as the manipulation of transfer prices and formation of shell companies, which could lead to a loss of tax revenue both in Northern Ireland and in the rest of the United Kingdom?
Lord Newby
My Lords, that is one of the issues which obviously has to be considered as part of this overall discussion. As the House knows, the Government take artificial tax avoidance schemes extremely seriously.