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Factsheet on HMRC and Multinational Corporations Published in Response to Criticism of Google's Tax Deal with the UK

11 February 2016

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Approved Changes

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United Kingdom

On 9 February 2016, the UK HMRC published a factsheet on HMRC and multinational corporations. The factsheet is in response to the criticism received regarding the recent agreement Google reached with HMRC to pay a total of GBP 130 million in back taxes. The factsheet covers recent successes, recent changes, HMRC’s approach to multinational corporations, and transparency. Regarding the Google deal in particular, the factsheet includes the following. --- The Google enquiry On 22 January 2016, Google announced that it had reached agreement with HMRC to pay an additional amount of £130 million in corporation tax and interest, as a...