Written question asked by Nick Gibb (Conservative) on Wednesday, 4 November 1998, in the House of Commons. It was due for an answer on Thursday, 12 November 1998. It was answered by Barbara Roche (Labour) on Thursday, 12 November 1998 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, what account is taken of (a) transfer pricing policies between UK subsidiaries and overseas parent companies and (b) the accounting policies of companies when determining profitability for the purposes of regional grants.

Answer: Mr. Gibb: To ask the Secretary of State for Trade and Industry what account is taken of (a) transfer pricing policies between UK subsidiaries and overseas parent companies and (b) the accounting policies of companies when determining profitability for the purposes of regional grants. [58793] Mrs. Roche: The impact of a company's transfer pricing policies and accounting policies on profitability forecasts are taken fully into account when appraising applications for Regional Selective Assistance, particularly in relation to assessing project viability and overall economic benefit to the UK.

Secondary information

Type: Written question
Reference: 58793; 319 c268W
Session: 1997-98
Subjects: Companies Grants Economic regions Prices Overseas companies Regional selective assistance