Written question asked by Lord Myners (Crossbench) on Thursday, 16 May 2019, in the House of Lords. It was due for an answer on Friday, 31 May 2019. It was answered by Lord Henley (Conservative) on Tuesday, 28 May 2019 on behalf of the Department for Business, Energy and Industrial Strategy.
Tax Avoidance
- Question
-
To ask Her Majesty's Government whether they make an assessment of the culture towards tax compliance of private sector companies who apply to them for loans and credit support; and whether they (1) have, and (2) will, reject applications from those judged to be overly aggressive in tax planning or subject to unacceptably high management charges from related offshore parties.
- Answer
-
Through the British Business Bank, financial support to small businesses is facilitated via a number of delivery partners who provide a range of debt and equity finance.
The British Business Bank has a thorough due diligence process for its delivery partners which includes a robust review and assessment framework for how delivery partners award the finance, monitored through independent auditors. The British Business Bank also has a tax policy that is published in the transparency section of its website.
Secondary information
- Type
- Written question
- Reference
- HL15809
- Session
- 2017-19
- Related items
- Subjects
- Companies Government assistance Tax avoidance
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-06-20 12:40:25 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL15809
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL15809
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL15809