Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what costs (a) have and (b) will accrue to the public purse as a result of the 2012 Franked Investment income judgment.

It is not possible at this stage to give a reliable estimate of the costs to the Exchequer of the eventual outcome of the Franked Investment Income Group Litigation Order. This litigation is ongoing and raises several fundamental legal issues.

The Trust Accounts of HM Revenue and Customs published annually reflect provisions and contingent amounts in relation to this and other items of important on-going litigation. This is available at: https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2015-to-2016.