“We welcome today's report, which confirms that the settlements reached were reasonable and that the overall outcome for the Exchequer was good.
“We have always maintained that the settlements represented good value for the UK, by making sure that large businesses play by the rules in often complex international transactions.
“In February we announced new governance arrangements for significant tax disputes, to provide greater transparency, scrutiny and accountability, and we are currently appointing a new Tax Assurance Commissioner, to ensure a clear separation between those who negotiate and approve settlements.”
