Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Adura joint venture, whether HMRC has investigated potential breaches of loss-buying prohibitions under the Corporation Tax Act 2010.

In 2024-25 HMRC secured £19.7bn in additional tax revenue from the largest and most complex businesses. This is money that would otherwise have gone unpaid.

I cannot comment on specific taxpayers or provide comment on individual businesses.

In reviewing a large business's tax affairs, HMRC will consider all relevant challenges, including loss-buying provisions where appropriate. HMRC is committed to ensuring everyone pays the right tax under the law, regardless of the size of business.