Revenue and Customs: Foreign Companies

(asked on 15th December 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what HMRC's policy is on using companies registered in tax havens.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 11th January 2021

HMRC’s standard contract terms and conditions prohibit the use of any arrangements involving the use of offshore companies, or other offshore entities, whereby the main purpose is to achieve a reduction in United Kingdom tax of any description. Failure to meet such requirements may constitute a ‘Supplier Termination Event’, allowing HMRC to terminate the contract with the supplier.

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