HMRC ensures that multinationals pay the tax due in accordance with UK tax law.
We have been very successful in reducing tax avoidance by large businesses in recent years.
We relentlessly challenge those that persist in avoiding tax and have recovered £29bn additional revenues from large businesses in the last six years, including £4.1bn in the last four years from transfer pricing enquiries alone.
These figures speak for themselves.
Corporation tax receipts are dependent on the wider economy and the corporation tax rate set by Parliament, which was reduced by 2 percentage points for 2011-12.
More top news
Broadcaster Paul O'Grady has accused young people who practise unprotected sex of shaming the memory of his friends who died from AIDS.
A group of travellers who formed an illegal camp on the grounds of a Birmingham school have been removed.
A school in Birmingham has been forced to partially close after travellers on the car park refused to move.