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101048

	registered interest
	date	27/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many (a) company headquarters and (b) jobs have been reshored in the UK since the reduction in corporation tax rates.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	211930
	answer	answer is ministerial correction date of answer 04/11/2014 answer text <p>Supporting businesses and helping them to invest, create jobs and to grow is a key part of the Government’s long term economic plan. Since 2010 we have already cut Corporation Tax (CT) from 28% to 21%, and next year it will fall to 20% - the joint lowest rate in the G20. The Government has also cut the small profits rate to 20%. Overall these CT cuts for large and small firms will be worth £9.5bn a year to business by 2016.</p><p> </p><p> </p><p> </p><p>HM Treasury has not estimated the number of jobs reshored.</p><p> </p><p> </p><p> </p><p>We will continue to work to ensure that the tax system in the UK remains competitive and enables us to attract business investment.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 04/11/2014 16:46:42 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

451700

	registered interest
	date	09/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what his policy is on the proposal from the European Parliament's Economic and Monetary Affairs Committee for a mandatory Common Consolidated Corporate Tax Base (CCCTB) in the EU, in order to have one set of rules for calculating the taxable profits of companies operating in more than one member state; and if he will press for the introduction of such a CCCTB with other EU member states in the Council.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	26530
	answer	answer is ministerial correction date of answer 17/02/2016 answer text <p>The European Parliament’s Economic and Monetary Affairs Committee (ECON) has a keen interest in tax, and hence put forward certain proposals. However, the Commission has the sole power of initiative in relation to legislative measures. Tax files are to be agreed by unanimity at the Economic and Financial Affairs Council (ECOFIN). The European Parliament’s role in this process in not formal, and purely consultative.</p><p> </p><p>The term tax haven is often used as shorthand for low or zero tax jurisdictions. However, low tax rates are not by themselves harmful and the UK supports fair tax competition. The UK is working with other Member States in the EU Code of Conduct Group to identify harmful tax regimes and will continue to take strong action against aggressive avoidance and evasion.</p><p> </p><p>The UK and other Member States have not yet seen any proposals from the European Commission or the European Parliament on public country-by-country reporting (CbCR). The Commission is due to publish an Impact Assessment on public CbCR shortly, and we are interested in the results of their analysis. The UK will carefully consider any proposals put forward by the Commission.</p><p> </p><p>The UK played a leading role in encouraging other countries and jurisdictions to sign up to international tax transparency agreements during its G8 presidency in 2013. Thanks in large part to the UK's continuing leadership on this agenda, over 90 countries have now committed to exchange information on offshore accounts, beginning in 2017 or 2018. The UK also initiated the international work on CbCR and was the first country to formally commit to implementing the OECD model for CbCR, with legislation in the Finance Act 2015. We support the proposal to amend the Directive on Administrative Co-operation to require all EU Member States to adopt and exchange the OECD CbCR template.</p><p> </p><p>The European Commission intends to publish a revised proposal for a mandatory Common Consolidated Corporate Tax Base (CCCTB) later this year. The Government will wait to see the detail of the Commission’s proposal, including a robust impact assessment, before finalising its position. However, we have stated that the UK will not sign up to anything that undermines our tax sovereignty.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 26529 26531 question first answered 17/02/2016 10:09:03 answering member 1529 label Biography information for Mr David Gauke
	tabling member	3930 label Biography information for Caroline Lucas

388519

	registered interest
	date	08/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the number of companies which pay less in corporation tax than their employees gain from tax credits annually.
	tabling member constituency	Birkenhead
	tabling member printed	Frank Field
	uin	6148
	answer	answer is ministerial correction date of answer 13/07/2015 answer text <p>The information is not held</p><p> </p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 13/07/2015 13:58:45 answering member 3969 label Biography information for Damian Hinds
	tabling member	478 label Biography information for Lord Field of Birkenhead

166647

	registered interest
	date	27/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether the devolution of corporation tax is proposed for (1) Scotland, (2) Wales, and (3) Northern Ireland.
	tabling member printed	Lord Kilclooney
	uin	HL3238
	answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>The Smith Commission reported on 27 November and the Government has announced it will now prepare draft legislative clauses to implement the Heads of Agreement by the end of January. The Smith Commission did not agree that corporation tax would be devolved to Scotland.</p><p> </p><p> </p><p> </p><p>The Wales Bill, currently in Parliament, provides the legislative framework to support the implementation of the recommendations made in the first report of the Commission on Devolution in Wales (Silk Commission). The Wales Bill does not feature any devolution of corporation tax powers to Wales.</p><p> </p><p> </p><p> </p><p>At Autumn Statement 2014, the Government announced that the devolution of a corporation tax rate-setting power to Northern Ireland could be implemented provided that the Northern Ireland Executive is able to manage the financial implications. The parties in the Northern Ireland Executive are continuing talks aimed at resolving a number of issues including agreeing budgets for 2015-16 and putting the Executive’s finances on a sustainable footing for the future.</p><p> </p><p> </p><p> </p><p>Northern Ireland faces unique cross-border challenges from the very low corporation tax rate in the Republic, significant over-reliance on public sector employment and the challenging legacy of the Troubles. The devolution of corporation tax to Northern Ireland recognises those factors and is consistent with the UK’s asymmetrical approach to devolution.</p><p> </p><p> </p><p> </p><p>Any devolution of tax powers, such as corporation tax rate-setting powers, would require a corresponding reduction in the block grant to reflect the tax revenues that the UK Government would forego.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3239 question first answered 16/12/2014 16:29:28 answering member 4262 label Biography information for Lord Deighton
	tabling member	657 label Biography information for Lord Kilclooney

166648

	registered interest
	date	27/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they consider that the devolution of corporation tax to Scotland, Wales, or Northern Ireland would cause a reduction in the block grant under the Barnett Formula to any of those devolved administrations.
	tabling member printed	Lord Kilclooney
	uin	HL3239
	answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>The Smith Commission reported on 27 November and the Government has announced it will now prepare draft legislative clauses to implement the Heads of Agreement by the end of January. The Smith Commission did not agree that corporation tax would be devolved to Scotland.</p><p> </p><p> </p><p> </p><p>The Wales Bill, currently in Parliament, provides the legislative framework to support the implementation of the recommendations made in the first report of the Commission on Devolution in Wales (Silk Commission). The Wales Bill does not feature any devolution of corporation tax powers to Wales.</p><p> </p><p> </p><p> </p><p>At Autumn Statement 2014, the Government announced that the devolution of a corporation tax rate-setting power to Northern Ireland could be implemented provided that the Northern Ireland Executive is able to manage the financial implications. The parties in the Northern Ireland Executive are continuing talks aimed at resolving a number of issues including agreeing budgets for 2015-16 and putting the Executive’s finances on a sustainable footing for the future.</p><p> </p><p> </p><p> </p><p>Northern Ireland faces unique cross-border challenges from the very low corporation tax rate in the Republic, significant over-reliance on public sector employment and the challenging legacy of the Troubles. The devolution of corporation tax to Northern Ireland recognises those factors and is consistent with the UK’s asymmetrical approach to devolution.</p><p> </p><p> </p><p> </p><p>Any devolution of tax powers, such as corporation tax rate-setting powers, would require a corresponding reduction in the block grant to reflect the tax revenues that the UK Government would forego.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3238 question first answered 16/12/2014 16:29:28 answering member 4262 label Biography information for Lord Deighton
	tabling member	657 label Biography information for Lord Kilclooney

93644

	registered interest
	date	15/10/2014
	answering body	Northern Ireland Office
	answering dept id	21
	answering dept short name	Northern Ireland
	answering dept sort name	Northern Ireland
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Northern Ireland, what progress she has made on the Government's plan to devolve corporation tax to the Northern Ireland Assembly.
	tabling member constituency	South Antrim
	tabling member printed	Dr William McCrea
	uin	210767
	answer	answer is ministerial correction date of answer 20/10/2014 answer text <p>In <em>‘Building a Prosperous and United Community’</em> the Government committed to make a decision on whether to devolve corporation tax powers to Northern Ireland no later than Autumn Statement 2014. Significant legislative and technical work has taken place to date and we remain on track to meet this timetable.</p><p> </p> answering member constituency Chipping Barnet answering member printed Mrs Theresa Villiers question first answered 20/10/2014 14:15:34 answering member 1500 label Biography information for Theresa Villiers
	tabling member	655 label Biography information for Lord McCrea of Magherafelt and Cookstown

89987

	registered interest
	date	01/09/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent representations he has received on the level of the threshold for corporation tax exemption for charities and unincorporated associations.
	tabling member constituency	Stockton South
	tabling member printed	James Wharton
	uin	207637
	answer	answer is ministerial correction date of answer 08/09/2014 answer text <p>There is no restriction on the level of charitable trading a charity may carry out, and any profits are exempt from tax so long as the profits are used for wholly charitable purposes. When charities carry out non-charitable trading there is a corporation tax exemption so long as the trading receipts are no more than £50,000 a year and represent no more than 25% of the charity’s incoming resources.</p><p> </p><p>Charities that wish to carry out non-charitable trading above these limits can set up and trade through a subsidiary trading company, which protects the charity from the possibility of trading losses. The subsidiary can then use corporate Gift Aid to pass any profits back to the parent charity without incurring a corporation tax charge.</p><p> </p><p>There is a similar exemption from tax on trading income for Community Amateur Sports Clubs, which is currently set at £30,000. The Government has announced this threshold will be raised to £50,000, to align with the charity small -scale trading exemption.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>The Government has no further plans to raise these thresholds which allow charities to undertake small scale non-charitable trading without the administrative burden of setting up a trading subsidiary. However, as with all reliefs and exemptions we continue to keep the exemption for small-scale trading under review.</p><p> </p><p>Unincorporated associations are taxed as companies and have no specific corporation tax exemptions. In the same way as other companies, they are chargeable to corporation tax and are eligible for the same reliefs.</p><p> </p><p>The only exception to this rule concerns clubs and unincorporated organisations with very small tax liabilities, which are run exclusively for the benefit of their members and whose annual Corporation Tax liability is not expected to exceed £100. In this case, HMRC will treat the organisation as dormant.</p><p> </p><p>With regards to the representations received on these matters, Treasury Ministers and officials receive and consider a wide variety of representations from organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>The Treasury publishes a list of ministerial meetings with external organisations. This is available online at:</p><p><a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 207638 question first answered 08/09/2014 14:43:39 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4123 label Biography information for Lord Wharton of Yarm

89988

	registered interest
	date	01/09/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will raise the threshold for corporation tax exemption for charities and unincorporated associations.
	tabling member constituency	Stockton South
	tabling member printed	James Wharton
	uin	207638
	answer	answer is ministerial correction date of answer 08/09/2014 answer text <p>There is no restriction on the level of charitable trading a charity may carry out, and any profits are exempt from tax so long as the profits are used for wholly charitable purposes. When charities carry out non-charitable trading there is a corporation tax exemption so long as the trading receipts are no more than £50,000 a year and represent no more than 25% of the charity’s incoming resources.</p><p> </p><p>Charities that wish to carry out non-charitable trading above these limits can set up and trade through a subsidiary trading company, which protects the charity from the possibility of trading losses. The subsidiary can then use corporate Gift Aid to pass any profits back to the parent charity without incurring a corporation tax charge.</p><p> </p><p>There is a similar exemption from tax on trading income for Community Amateur Sports Clubs, which is currently set at £30,000. The Government has announced this threshold will be raised to £50,000, to align with the charity small -scale trading exemption.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>The Government has no further plans to raise these thresholds which allow charities to undertake small scale non-charitable trading without the administrative burden of setting up a trading subsidiary. However, as with all reliefs and exemptions we continue to keep the exemption for small-scale trading under review.</p><p> </p><p>Unincorporated associations are taxed as companies and have no specific corporation tax exemptions. In the same way as other companies, they are chargeable to corporation tax and are eligible for the same reliefs.</p><p> </p><p>The only exception to this rule concerns clubs and unincorporated organisations with very small tax liabilities, which are run exclusively for the benefit of their members and whose annual Corporation Tax liability is not expected to exceed £100. In this case, HMRC will treat the organisation as dormant.</p><p> </p><p>With regards to the representations received on these matters, Treasury Ministers and officials receive and consider a wide variety of representations from organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>The Treasury publishes a list of ministerial meetings with external organisations. This is available online at:</p><p><a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 207637 question first answered 08/09/2014 14:43:40 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4123 label Biography information for Lord Wharton of Yarm

227707

	registered interest
	date	17/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether there is a lower corporation tax limit for clubs, voluntary organisations and charities below which such organisations are not required to submit corporation tax returns.
	tabling member constituency	Isle of Wight
	tabling member printed	Mr Andrew Turner
	uin	227983
	answer	answer is ministerial correction date of answer 20/03/2015 answer text <p>Where the corporation tax liability of a club or an unincorporated organisation does not exceed £100, and where that club or organisation is run exclusively for the benefit of its members, HM Revenue and Customs (HMRC) will not generally require that club or organisation to complete corporation tax returns. HMRC review such treatment every 5 years. This treatment does not apply to companies which are wholly owned by, or subsidiaries of, charities.</p><p> </p><p> </p><p> </p><p>HMRC recognises that asking a charity to formally claim tax relief every year would be administratively burdensome and therefore they do not require every charity to file a tax return every year.</p><p> </p><p> </p><p> </p><p>However, they do require every charity to file a tax return once every few years so that they can check that the charity is claiming any tax exemptions and reliefs in accordance with the law. In addition, charities have an obligation to complete a tax return where they have reason to believe that they should be paying tax on some of their income or gains.</p><p> </p><p> </p><p> </p><p>If HMRC send a notice to a charity to file a tax return, the charity must complete it and submit it within the time limits given on the forms or they may face a penalty.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/03/2015 08:32:31 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1426 label Biography information for Mr Andrew Turner

171206

	registered interest
	date	17/12/2014
	answering body	Northern Ireland Office
	answering dept id	21
	answering dept short name	Northern Ireland
	answering dept sort name	Northern Ireland
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Northern Ireland, what assessment she has made of the potential effect of the devolution of corporation tax on Northern Ireland's block grant.
	tabling member constituency	Bury South
	tabling member printed	Mr Ivan Lewis
	uin	219150
	answer	answer is ministerial correction date of answer 05/01/2015 answer text <p>If corporation tax is devolved to Northern Ireland, the Executive would be responsible for setting the rate in Northern Ireland. The potential effect on the block grant would therefore be dependent on the rate set by the Northern Ireland Executive.</p><p> </p><p> </p><p> </p> answering member constituency Chipping Barnet answering member printed Mrs Theresa Villiers question first answered 05/01/2015 15:35:20 answering member 1500 label Biography information for Theresa Villiers
	tabling member	441 label Biography information for Mr Ivan Lewis