Tulip Siddiq – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Tulip Siddiq on 2016-01-06.

To ask the Secretary of State for Business, Innovation and Skills, with reference to the letter from Lord Livingston of Parkhead to the Chairman of the European Scrutiny Committee of 3 July 2014, Deposited Paper DEP2015-0877, what progress HM Revenue and Customs has made establishing a cross departmental working group to take forward the modelling of the tax implications of the Transatlantic Trade and Investment Partnership.

Anna Soubry

HM Revenue and Customs has been in discussion with HM Treasury and the Department for Business, Innovation and Skills to determine the parameters, principles and feasibility of a tax model. HMRC has also consulted with international organisations to consider best practice in this area. Further meetings are planned following the next round of negotiations when we expect some of the parameters for the model will become clearer.