Written question asked by Lord Oakeshott of Seagrove Bay (Liberal Democrat), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 5 December 2011.
Finance: Virgin Money
- Question
- To ask Her Majesty’s Government what enquiries they made into the tax status of Sir Richard Branson, and whether they took that status into account, in considering whether the sale of Northern Rock plc to a consortium led by him would provide good value to the taxpayer.
- Answer
-
The Government are unable to comment on individual or company tax arrangements. Any information relating to UK tax liabilities is held by HM Revenue and Customs on a confidential basis. HM Treasury has issued guidance to departments which emphasises that departments should base commercial decisions on the need to secure value for money, independent of any tax advantages which may arise from a bid.
Secondary information
- Type
- Written question
- Reference
- 13764; 733 c116WA
- Session
- 2010-12
- Subjects
- Sales Taxation Northern Rock plc Virgin Money Branson, Richard
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-29 04:52:34 +0000
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1658013
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