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Companies: Taxation

Question for HM Treasury

UIN 56757, tabled on 8 December 2016

To ask Mr Chancellor of the Exchequer, what costs (a) have and (b) will accrue to the public purse as a result of the 2012 Franked Investment income judgment.

Answered on

13 December 2016

It is not possible at this stage to give a reliable estimate of the costs to the Exchequer of the eventual outcome of the Franked Investment Income Group Litigation Order. This litigation is ongoing and raises several fundamental legal issues.

The Trust Accounts of HM Revenue and Customs published annually reflect provisions and contingent amounts in relation to this and other items of important on-going litigation. This is available at:

Answered by

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.