Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure the UK complies with the Anti-Tax Avoidance Directive.

The UK supports the EU Anti-Tax Avoidance Directive, which requires all Member States to adopt minimum standard rules that restrict the ability of large multinationals to artificially lower their tax bills.

The UK already had effective and comprehensive anti-avoidance rules in place, which met or exceeded most of the minimum standards set out by the Directive.

Finance Act 2019 introduced several technical changes which help ensure our existing rules will be fully compliant with the approach taken by the Anti-Tax Avoidance Directive.