Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what forecast he has made of the tax revenues to be raised by the Government's anti-avoidance provisions in relation to multi-national tech companies due to be introduced in 2019.

At Autumn Budget 2017, the Government announced an extension of UK withholding tax on royalty payments made to low or no tax jurisdictions.

This measure is another step towards the Government’s longer term ambition of domestic and international reform of the taxation of digital businesses. Whilst this measure will predominantly affect digital businesses, it may also affect groups operating in other sectors.

As announced at the Budget, this measure is forecast to raise £800m over four years.