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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

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

63748

	registered interest
	date	24/06/2014
	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, when she last discussed the potential devolution of corporation tax to Northern Ireland with the Chancellor of the Exchequer.
	tabling member constituency	Bury South
	tabling member printed	Mr Ivan Lewis
	uin	202255
	answer	answer is ministerial correction date of answer 02/07/2014 answer text <p> </p><p>I regularly hold discussions with Treasury Ministers, including my Rt hon Friend the Chancellor of the Exchequer, on a wide range of economic issues including the potential devolution of corporation tax powers to Northern Ireland.</p><p>As set out in ‘Building a Prosperous and United Community', the Government will make a final decision on the devolution of corporation tax powers no later than the autumn statement 2014.</p><p> </p> answering member constituency Chipping Barnet answering member printed Mrs Theresa Villiers question first answered 02/07/2014 13:58:50 answering member 1500 label Biography information for Theresa Villiers
	tabling member	441 label Biography information for Mr Ivan Lewis