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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

600976

	registered interest
	date	13/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of the Fair Tax Mark for businesses.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL2316
	answer	answer is ministerial correction date of answer 26/10/2016 answer text <p>The Government has recently legislated for the publication of tax strategy by the largest businesses; promoting board accountability for tax, and encouraging transparency on approach to tax planning. In this context, the Government welcomes all business moves to improve transparency over their own tax affairs.</p><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 26/10/2016 14:16:49 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

457952

	registered interest
	date	07/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what estimate they have made of the impact on UK tax receipts of the corporate tax regimes in Crown Dependencies and British Overseas Territories.
	tabling member printed	Baroness Kinnock of Holyhead
	uin	HL6770
	answer	answer is ministerial correction date of answer 21/03/2016 answer text <p>The information requested is not available in this format.</p><p> </p><p>HM Revenue and Customs publishes estimates of the tax gap each year. The latest edition was published on 22 October 2015 and is available on the gov.uk website.</p><p> </p><p>Estimates are made for all major taxes, including corporation tax and income tax. However, this information is not broken down in such a way that can be used to identify the loss of tax receipts due to the tax regimes requested.</p><p> </p> answering member printed Lord O'Neill of Gatley grouped question UIN HL6771 HL6772 question first answered 21/03/2016 17:49:49 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	3895 label Biography information for Baroness Kinnock of Holyhead

595412

	registered interest
	date	07/10/2016
	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, if he will assess the potential merits of abolishing UK corporation tax.
	tabling member constituency	Beckenham
	tabling member printed	Bob Stewart
	uin	47520
	answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>The Government is committed to a competitive and fair tax system, one that encourages innovation and business investment and taxes the profits of economic activity that occur in the UK. That is why this Government has cut the main rate of corporation tax from 28% in 2010 to 17% in 2020, and announced a package of measures at Budget 2016 to tackle aggressive tax planning by multinationals, forecast to raise around £8 billion across the next five years.</p><p>Corporation tax raised £44.4 billion for the Exchequer in 2015/16. This revenue makes a vital contribution to the Government’s wider objectives of delivering vital public services and fiscal sustainability.</p><p> </p><p>The Government will continue to explore how the tax regime can be reformed to best support business investment and growth.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 17/10/2016 16:09:41 answering member 3918 label Biography information for Jane Ellison
	tabling member	3919 label Biography information for Bob Stewart

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

574012

	registered interest
	date	02/09/2016
	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 assessment he has made of the effect of changes in the level of UK corporation tax on tax revenues in (a) developing and (b) other countries.
	tabling member constituency	East Kilbride, Strathaven and Lesmahagow
	tabling member printed	Dr Lisa Cameron
	uin	44867
	answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>The Government is committed to a competitive and fair tax system, one that encourages innovation and business investment and taxes the profits of economic activity that occur in the UK.</p><p> </p><p>That is why the UK used its G8 presidency to build support for the OECD Base Erosion and Profit Shifting Project (BEPS), which is about tackling tax avoidance by multinationals through updating the international tax rules, and is delivering many of its recommendations in a package of measures announced at Budget 2016.</p><p> </p><p>The UK has led international efforts to help developing countries tackle evasion and avoidance. Through the G20 we have commissioned the international organisations to develop toolkits to assist developing countries to implement the BEPS outcomes, as well as funding assistance to help developing country tax authorities tackle multinational tax avoidance.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 12/09/2016 15:27:05 answering member 3918 label Biography information for Jane Ellison
	tabling member	4412 label Biography information for Dr Lisa Cameron

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