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1126814
star this property registered interest false more like this
star this property date less than 2019-05-15more like thismore than 2019-05-15
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, pursuant to Answer of 29 April 2019 to Question 247155 on Multinational Companies: Taxation; for what reason Jersey, Guernsey and the Isle of Man were not included in the list of countries with a full tax treaty with the UK; and whether these jurisdictions will be covered by the offshore receipts in respect of intangible property rule. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 254875 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-05-20more like thismore than 2019-05-20
star this property answer text <p>The scope of the legislation “Offshore Receipts in respect of Intangible Property” is limited to territories with which the UK does not have a full tax treaty. A “full treaty territory” is defined in the legislation as a treaty containing a non-discrimination provision. A non-discrimination provision is defined by reference to nationals of a state. Jersey, Guernsey and the Isle of Man are not “states”, they are territories for which the UK is responsible and so cannot meet that condition.</p><p> </p><p>It follows that the Crown Dependencies are within scope of the legislation. The government has committed to respecting its international obligations in respect of this measure. As such the provisions of the relevant treaties will apply to any arrangements involving the Crown Dependencies that are subject to the legislation, and the UK will provide for treaty relief where applicable.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-05-20T14:38:35.673Zmore like thismore than 2019-05-20T14:38:35.673Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1124686
star this property registered interest false more like this
star this property date less than 2019-05-03more like thismore than 2019-05-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the effect of the European Commission decision that the UK must recover illegal State aid from the multinational companies that benefited from the group financing exemption of the UK's Controlled Foreign Company (CFC) rules. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 250796 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-05-09more like thismore than 2019-05-09
star this property answer text <p>As the European Commission’s State aid decision makes clear, the existence and quantification of state aid in relation to the group financing exemption of the UK’s Controlled Foreign Company (CFC) rules can only be ascertained by a detailed examination of the facts and circumstances of each case. The decision also makes it clear that no legislative changes are required going forwards.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-05-09T13:30:01.457Zmore like thismore than 2019-05-09T13:30:01.457Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1122697
star this property registered interest false more like this
star this property date less than 2019-04-24more like thismore than 2019-04-24
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 April 2019 to Question 242951 on Multinational Companies: Taxation, if he will publish each country that the HM Treasury considers to be a low-tax jurisdiction with which the UK does not have a full tax treaty for which offshore receipts in relation to the intangible property measure in the Finance Act 2019 will be applicable. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 247155 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-29more like thismore than 2019-04-29
star this property answer text <p>The <em>Offshore receipts in respect of intangible property</em> measure applies to entities that are not resident either in the UK, or in a jurisdiction with which the UK has a full tax treaty, meaning a tax treaty containing an appropriate non-discrimination article.</p><p> </p><p>The measure only applies where the tax paid in the local territory on the relevant intangible property income is less than 50% of the charge that would otherwise arise under the measure. This tax rate test applies on an entity-by-entity basis, rather than at the level of the jurisdiction.</p><p> </p><p>The measure may also apply to entities that are resident in territories where those entities are liable to tax on a territorial basis, subject to the UK’s treaty obligations and the tax rate test.</p><p> </p><p>A list of jurisdictions with which the UK has a full tax treaty can be found here: <a href="https://www.gov.uk/hmrc-internal-manuals/international-manual/intm412090" target="_blank">https://www.gov.uk/hmrc-internal-manuals/international-manual/intm412090</a>.</p>
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-04-29T15:02:04.727Zmore like thismore than 2019-04-29T15:02:04.727Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1110756
star this property registered interest false more like this
star this property date less than 2019-04-09more like thismore than 2019-04-09
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, which jurisdictions will be within the scope of the offshore receipts in relation to the intangible property measure in the Finance Act 2019. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 242951 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-23more like thismore than 2019-04-23
star this property answer text <p>The <em>Offshore receipts in respect of intangible property</em> measure targets multinational groups that realise intangible property income from UK sales in low or no-tax jurisdictions.</p><p> </p><p>The government has been clear that this measure will be applied in compliance with the UK’s international obligations. This means that the measure will only apply to low-tax jurisdictions with which the UK does not have a full tax treaty.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-04-23T15:51:38.017Zmore like thismore than 2019-04-23T15:51:38.017Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1109704
star this property registered interest false more like this
star this property date less than 2019-04-04more like thismore than 2019-04-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what discussions he has had with his international counterparts on the implementation of measures relating to offshore receipts in respect of intangible property. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 241089 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-09more like thismore than 2019-04-09
star this property answer text <p>The Chancellor has regular discussions with his international counterparts on matters relating to international tax policy.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-04-09T16:09:12.443Zmore like thismore than 2019-04-09T16:09:12.443Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1078512
star this property registered interest false more like this
star this property date less than 2019-02-27more like thismore than 2019-02-27
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many companies with (a) assets over £2 billion or (b) a turnover of over £200 million have published their tax strategy. more like this
star this property tabling member constituency Bootle more like this
star this property tabling member printed
Peter Dowd more like this
star this property uin 226686 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-04more like thismore than 2019-03-04
star this property answer text <p>HMRC does not keep a central record that shows which companies with assets over £2 billion or a turnover of over £200 million have published their tax strategies.</p><p> </p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-03-04T17:18:57.983Zmore like thismore than 2019-03-04T17:18:57.983Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4397
unstar this property label Biography information for Peter Dowd more like this
1035229
star this property registered interest false more like this
star this property date less than 2019-01-04more like thismore than 2019-01-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing taxes on global corporations and using any additional revenue raised to the public purse to reduce taxes for families. more like this
star this property tabling member constituency South Holland and The Deepings more like this
star this property tabling member printed
Sir John Hayes more like this
star this property uin 205185 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-01-14more like thismore than 2019-01-14
star this property answer text <p>Since 2010, this government has taken unprecedented action to ensure that large multinationals pay their fair share of tax in the UK. For example, at Budget 2018, the Chancellor announced the introduction of a new Digital Services Tax (DST) from April 2020. This will raise around £1.5bn across four years.</p><p> </p><p>At the same time, the government remains committed to keeping taxes low for working people. A typical basic rate taxpayer will pay £1,200 less in tax in 2019-20 than in 2010, and we’ve announced plans to freeze fuel duty for the ninth year in a row.</p><p> </p><p>The government will continue to keep all tax policy under review.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-01-14T14:47:51.683Zmore like thismore than 2019-01-14T14:47:51.683Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
350
unstar this property label Biography information for Sir John Hayes more like this
1024271
star this property registered interest false more like this
star this property date less than 2018-12-12more like thismore than 2018-12-12
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to collect more tax revenue from large multinational companies. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL12265 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-12-20more like thismore than 2018-12-20
star this property answer text <p>The Government has taken significant steps, domestically and internationally, to ensure that multinationals pay the right amount of tax in the UK.</p><p> </p><p>The UK has led on initiating the OECD Base Erosion and Profit Shifting project and in delivering its recommendations into domestic legislation, for example the corporate interest restriction.</p><p> </p><p>In April 2015, the Government introduced the Diverted Profits Tax which seeks to counter contrived arrangements used to divert profits away from the UK.</p><p> </p><p>At Budget 2018, the Chancellor announced the introduction of the Digital Services Tax, intended to ensure that digital businesses pay UK tax which reflects the value they derive from UK users.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-12-20T14:39:12.9Zmore like thismore than 2018-12-20T14:39:12.9Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
unstar this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
993599
star this property registered interest false more like this
star this property date less than 2018-10-23more like thismore than 2018-10-23
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how much revenue was lost to the public purse as a result of the exemption for regulatory capital in section 259N(3)(b) Chapter 8 Part 6A Taxation (International and Other Provisions) Act 2010 in each year since the introduction of that exemption. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 182824 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-10-26more like thismore than 2018-10-26
star this property answer text <p>As a matter of corporation tax policy, with the aim of improving financial stability, the UK allows certain deductions for the costs of regulatory capital. The exemption referred to helps to ensure that the Hybrid and Other Mismatch Rules act in a way consistent with this policy. As such, there is no question of any tax revenue being “lost” as a result of the exemption.</p><p>It is not possible to provide details of the tax effect arising from the exemption for regulatory capital in section 259N(3)(b), Chapter 8, Part 6A of the Taxation (International and other Provisions) Act 2010.</p><p>The Hybrid and other mismatches regime came into force on 1 January 2017. The majority of corporation tax returns which will reflect the impact of these rules have not yet been received.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2018-10-26T13:46:56.767Zmore like thismore than 2018-10-26T13:46:56.767Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
987760
star this property registered interest false more like this
star this property date less than 2018-10-15more like thismore than 2018-10-15
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Multinational Companies: Taxation remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what estimate he has made of the number of additional companies that will be within scope of Chapter 8 of Part 6A of the Taxation (International and Other Provisions) Act 2010 in the event that new subsection 259HA(5)(b) is added as set out in clause 38 of the draft Finance Bill. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 179307 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-10-18more like thismore than 2018-10-18
star this property answer text <p>This measure ensures that the UK hybrid and other mismatch rules are fully compliant with the Anti-Tax Avoidance Directive, ATAD. No estimate has been made in relation to the number of additional companies that may be within scope of the hybrid mismatch rules as a result of this proposed amendment. Clause 38 introduces a minor change to the rules in relation to permanent establishments. The expected yield from this change is negligible. HMRC are not aware of current schemes or arrangements which would fall within the scope of the hybrid mismatch rules as a result of this proposed change to Chapter 8 of Part 6A TIOPA 2010. In addition, the existing hybrid mismatch rules already deal with the majority of mismatches involving permanent establishments.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2018-10-18T12:55:45.46Zmore like thismore than 2018-10-18T12:55:45.46Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this