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
A slow start for most of us tomorrow with dribs and drabs of rain leaving some of us with a soggy journey into work.
If you're worried your online social circle is thinning out, a new browser extension will let you know who cut you loose online.
The Russian government has launched a campaign urging people to take safer selfies after after high-risk poses resulted in dozens of deaths.