Question

To ask the Secretary of State for Business, Innovation and Skills, whether UK Export Finance takes steps not to support companies which use complex artificial tax structures to adopt aggressive tax positions.

UK Export Finance’s statutory function is to support UK exports. It has no powers to investigate the tax affairs of the exporters it supports and no regulatory remit. However, it undertakes due diligence in respect of the financial and legal risks associated with all the export transactions it is asked to support.