Asked by: Lord Sikka (Labour - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government how many advance transfer pricing agreements have been signed by HM Revenue and Customs in each of the past five years.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
HM Revenue and Customs has entered into the following number of advance pricing agreements in the past five tax years:
This information is included in the Transfer Pricing and Diverted Profits Tax Statistics 2022 to 2023 which are publicly available and published on gov.uk[1].
[1] Transfer Pricing and Diverted Profits Tax statistics 2022 to 2023 - GOV.UK (www.gov.uk)
Asked by: Lord Sikka (Labour - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government how many UK-based companies produce batteries for electric vehicles; and what is their collective capacity.
Answered by Lord Offord of Garvel - Parliamentary Under Secretary of State (Department for Business and Trade)
AESC currently has a 1.9GWh facility operational in Sunderland. The UK has a further 52GWh per annum battery capacity committed – 12GWh from the AESC Gigafactory under construction in Sunderland and a further 40GWh from the planned Agratas Gigafactory. This is over half the capacity needed to meet industry demand forecasts of around 90GWh by 2030.