Question
Lord Beecham
Labour
Life peer
Lords
To ask Her Majesty’s Government what provision, if any, will be made in the contract for the East Coast rail franchise to ensure that all profits accruing to the franchisees are subject to United Kingdom taxes.
Answered on
10 December 2014
Inter City Railways Limited is a company registered in England and Wales and thus subject to relevant tax obligations. They are purchasing East Coast Main Line Limited as part of this franchise, which is also registered in England and Wales and compliant with relevant tax obligations. In addition, the Franchise Agreement includes provisions to monitor tax compliance during the life of the franchise.
Answered by
Department for Transport