HMRC and Google (Settlement) Debate

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Department: HM Treasury

HMRC and Google (Settlement)

Valerie Vaz Excerpts
Monday 25th January 2016

(8 years, 10 months ago)

Commons Chamber
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David Gauke Portrait Mr Gauke
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We always seek to ensure that HMRC has the powers and resources it needs. For example, in the July Budget last year we announced a requirement for large tax companies to set out explicitly what their tax strategy is, and we will be legislating for that in the Finance Bill.

Valerie Vaz Portrait Valerie Vaz (Walsall South) (Lab)
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To clarify the misinformation, under the law of the land what is Google’s theoretical tax liability?

David Gauke Portrait Mr Gauke
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The statutory rate for Google is exactly the same as the statutory rate for everybody else.