Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will publish a position paper on the future of HM Revenue and Customs after the UK leaves the EU and its role in investigating tax avoidance by multinational corporations; and if he will make a statement.

The UK has been at the forefront of the Organisation for Economic Cooperation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Project.

The Government has taken the lead in implementing the project’s recommendations in domestic legislation including a restriction on tax relief for corporate interest expense and rules to prevent multinationals exploiting mismatches between countries’ tax regimes.

Leaving the EU will not impact the Government’s commitment to ensure that the UK has a fair and competitive tax system, where taxes are paid. As the UK’s tax authority, HMRC will continue to engage on these issues after the UK leaves the EU.