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732325
star this property registered interest false more like this
unstar this property date less than 2017-06-23more like thisremove minimum value filter
star this property answering body
HM 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 CaTreasury more like this
star this property hansard heading Corporation Tax 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 Mr Chancellor of the Exchequer, with reference to the Prime Minister's oral contribution of 21 June 2017, Official Report, column 61, what estimate the Government has made of the additional revenue that will be accrued to the public purse as a result of reductions in the rate of corporation tax. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown more like this
star this property uin 957 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 2017-06-28more like thismore than 2017-06-28
star this property answer text <p>OECD analysis concludes that corporate taxes are the most harmful type of tax for economic growth. Cutting corporation tax allows companies to invest in expanding their business, boost wages, create jobs and lower prices for consumers.</p><p> </p><p>Despite cutting the rate, onshore corporation tax receipts have increased by over 50% from £36.2 billion in 2010-11 to £54.3 billion in 2016-17, above their pre-crisis peak. The Office for Budget Responsibility have projected receipts to increase further to £54.8 billion in 2021-22.</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 2017-06-28T13:38:36.11Zmore like thismore than 2017-06-28T13:38:36.11Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4470
unstar this property label Biography information for Alan Brown more like this
754512
star this property registered interest false more like this
unstar this property date less than 2017-07-20more like thismore than 2017-07-20
star this property answering body
HM 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 CaTreasury more like this
star this property hansard heading Corporation Tax 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 Mr Chancellor of the Exchequer, pursuant to the Answer of 28 June 2017 to Question 957, what the evidential basis is for the increase in corporation tax receipts referred to being directly attributable to reductions in the rate of corporation tax. more like this
star this property tabling member constituency Kilmarnock and Loudoun more like this
star this property tabling member printed
Alan Brown more like this
star this property uin 6391 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 2017-09-11more like thismore than 2017-09-11
star this property answer text <p>The OECD has found that cutting corporation taxes can increase GDP, and this is backed up by Government modelling in 2016 which estimated that cuts announced since 2010 could increase GDP by up to 1.3% in the long run. The increased profits, wages, employment and consumption that come with higher growth all feed through into higher tax revenues.</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 2017-09-11T16:02:21.227Zmore like thismore than 2017-09-11T16:02:21.227Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4470
unstar this property label Biography information for Alan Brown more like this
753090
star this property registered interest false more like this
unstar this property date less than 2017-07-12more like thismore than 2017-07-12
star this property answering body
HM 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 CaTreasury more like this
star this property hansard heading Corporation Tax 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 Mr Chancellor of the Exchequer, what effect the reduction in corporation tax rates has had on receipts from that tax. more like this
star this property tabling member constituency Brentwood and Ongar more like this
star this property tabling member printed
Alex Burghart more like this
star this property uin 900566 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 2017-07-18more like thismore than 2017-07-18
star this property answer text <p>Since 2010, the headline corporation tax rate has been cut from 28 to 19 percent.</p><p> </p><p>Despite that, onshore corporation tax receipts have increased by over 50 percent, from £36.2 billion in 2010-11 to £55.1 billion in 2016-17.</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 2017-07-18T14:48:56.7Zmore like thismore than 2017-07-18T14:48:56.7Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4613
unstar this property label Biography information for Alex Burghart more like this
1006210
star this property registered interest false more like this
unstar this property date less than 2018-11-13more like thismore than 2018-11-13
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 Corporation Tax 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 assessment he has made of the effect of lowering the rate of corporation tax on corporation tax receipts since 2017. more like this
star this property tabling member constituency Romford more like this
star this property tabling member printed
Andrew Rosindell more like this
star this property uin 190819 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 2018-11-21more like thismore than 2018-11-21
star this property answer text <p>The OECD has concluded that corporation tax is the most harmful tax for growth and productivity.</p><p> </p><p>In April 2017, the corporation tax rate was reduced from 20% to 19%. This is the continuation of this government’s reduction in the rate from 28% in 2010.</p><p> </p><p>Lower corporation taxes can result in increased profits, wages, employment and consumption that all feed through into higher tax revenues that support our vital public services.</p><p> </p><p>Despite the rate cut in 2017, the onshore corporation tax revenues have increased from £53.6 billion in 2016-17 to £56.1 billion in 2017-18. Since 2010, onshore corporation tax revenues have increased by 55%.</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 2018-11-21T15:35:46.783Zmore like thismore than 2018-11-21T15:35:46.783Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
1447
unstar this property label Biography information for Andrew Rosindell more like this
986448
star this property registered interest false more like this
unstar this property date less than 2018-10-12more like thismore than 2018-10-12
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 Corporation Tax 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 assessment he has made of changes to the level of revenue accrued to the public purse of sections 860 to 862 of the Corporation Tax Act 2009. 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 178532 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 2018-10-17more like thismore than 2018-10-17
star this property answer text <p>No assessment has been made of changes to the level of revenue accrued to the public purse of sections 860 to 862 of the Corporation Tax Act 2009.</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 2018-10-17T16:41:34.877Zmore like thismore than 2018-10-17T16:41:34.877Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
993600
star this property registered interest false more like this
unstar 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 Corporation Tax 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 money to be accrued to the public purse as a result of the single payment method outlined in the proposed amendments to Schedule 3ZB to the Tax Management Act 1970 contained in Clause 37 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 182825 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>The level of revenue accrued to the public purse as a result of the single payment method outlined in the proposed amendments to Schedule 3ZB to the Tax Management Act 1970 is expected to be negligible. The UK already has comprehensive exit taxation rules, and the change is relatively minor and primarily of an administrative nature.</p><p> </p><p>More information can be found in the Tax Information and Impact Note published on 6 July 2018:</p><p> </p><p><a href="https://www.gov.uk/government/publications/changes-to-the-corporation-tax-exit-charges" target="_blank">https://www.gov.uk/government/publications/changes-to-the-corporation-tax-exit-charges</a></p><p> </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 2018-10-26T13:49:18.68Zmore like thismore than 2018-10-26T13:49:18.68Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
830050
star this property registered interest false more like this
unstar this property date less than 2018-01-24more like thismore than 2018-01-24
star this property answering body
HM 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 CaTreasury more like this
star this property hansard heading Corporation Tax 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 Mr Chancellor of the Exchequer, what estimate his Department has made of the total sum of revenue that it has generated from the gradual reductions in the rate of corporation tax since 2010. more like this
star this property tabling member constituency Hitchin and Harpenden more like this
star this property tabling member printed
Bim Afolami more like this
star this property uin 124758 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 2018-02-01more like thismore than 2018-02-01
star this property answer text <p>Since 2010 the Government has reduced the rate of Corporation Tax from 28 per cent to 19 per cent today, and has announced a further reduction to 17 per cent from 1 April 2020.</p><p> </p><p>The Exchequer costs of each rate reduction are certified by the Office for Budget Responsibility. They are published in Table 2.1 of the Budget or Autumn Statement document at announcement, and Table 2.2 of subsequent Budget documents until implementation.</p><p> </p><p>Despite lowering the rate, onshore Corporation Tax revenues have increased by around 50 per cent, from £36.2 billion in 2010-11 to £54.1 billion in 2016-17, and are above their pre-crisis peak.</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 2018-02-01T14:55:03.917Zmore like thismore than 2018-02-01T14:55:03.917Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4639
unstar this property label Biography information for Bim Afolami more like this
748062
star this property registered interest false more like this
unstar this property date less than 2017-07-04more like thismore than 2017-07-04
star this property answering body
HM 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 CaTreasury more like this
star this property hansard heading Corporation Tax 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 Mr Chancellor of the Exchequer, if the Government plans to bring corporation tax down to 17 per cent by 2020. more like this
star this property tabling member constituency Hornsey and Wood Green more like this
star this property tabling member printed
Catherine West more like this
star this property uin 2804 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 2017-07-12more like thismore than 2017-07-12
star this property answer text <p>The government legislated in the 2016 Finance Act to reduce the corporation tax rate to 17% in April 2020.</p><p> </p><p>We want to ensure the UK remains an attractive destination to set up and grow a business. Cutting corporation tax increases the returns companies receive on their investments, allowing them to increase investment, lower prices, hire staff or increase wages.</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 2017-07-12T09:19:46.44Zmore like thismore than 2017-07-12T09:19:46.44Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4523
unstar this property label Biography information for Catherine West more like this
753088
star this property registered interest false more like this
unstar this property date less than 2017-07-12more like thismore than 2017-07-12
star this property answering body
HM 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 CaTreasury more like this
star this property hansard heading Corporation Tax 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 Mr Chancellor of the Exchequer, what effect the reduction in corporation tax rates has had on receipts from that tax. more like this
star this property tabling member constituency North Warwickshire more like this
star this property tabling member printed
Craig Tracey more like this
star this property uin 900569 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 2017-07-18more like thismore than 2017-07-18
star this property answer text <p>Since 2010, the headline corporation tax rate has been cut from 28 to 19 percent.</p><p> </p><p>Despite that, onshore corporation tax receipts have increased by over 50 percent, from £36.2 billion in 2010-11 to £55.1 billion in 2016-17.</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 2017-07-18T14:46:59.06Zmore like thismore than 2017-07-18T14:46:59.06Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4509
unstar this property label Biography information for Craig Tracey more like this
837462
star this property registered interest false more like this
unstar this property date less than 2018-02-05more like thismore than 2018-02-05
star this property answering body
HM 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 CaTreasury more like this
star this property hansard heading Corporation Tax 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 Mr Chancellor of the Exchequer, what estimate HMRC made of the number of companies liable for corporation tax in (a) 2012-13, (b) 2013-14, (c) 2014-15, (d) 2015-16 and (e) 2016-17; how many such companies were sent a corporation tax return for an accounting period ending in each of those years; how many submitted the corporation tax return (i) within the required time limit and (ii) after the limit in each of those years; and how many such companies were not sent a corporation tax return or a reminder to submit one in each of those years. more like this
star this property tabling member constituency Barking more like this
star this property tabling member printed
Dame Margaret Hodge more like this
star this property uin 126581 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 2018-02-12more like thismore than 2018-02-12
star this property answer text <p>The table below sets out the number of taxpayers with Corporation Tax (CT) payable for 2012-13 to 2015-16. Corporation Tax is only payable for those companies with a taxable profit. The latest year for which figures are available is 2015-16.</p><p> </p><p>These figures are available in Table 11.3 of the Corporation Tax National Statistics publication: <a href="https://www.gov.uk/government/statistics/corporation-tax-number-of-companies-income-allowances-tax-liabilities-and-deductions" target="_blank">https://www.gov.uk/government/statistics/corporation-tax-number-of-companies-income-allowances-tax-liabilities-and-deductions</a></p><p><strong> </strong></p><table><tbody><tr><td><p> </p></td><td><p>2012-13</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td></tr><tr><td><p>Number of taxpayers with Corporation Tax payable</p></td><td><p>1,030,748</p></td><td><p>1,115,416</p></td><td><p>1,229,502</p></td><td><p>1,369,397</p></td></tr></tbody></table><p> </p><p>HM Revenue and Customs (HMRC) sends a notice to file a Company Tax return to every company which it believes to be active, so with any possibility of having a CT liability.</p><p> </p><p>A notice to file a return is for an accounting period of up to one year and is sent to a company in the month following the end of the period. The time limit for submitting the return is one year after the end of the period, but some returns are received after the time limit.</p><p> </p><p>HMRC sent the following number of notices to file in respect of accounting periods ending in the following years:</p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>Number of notices to file (thousands)</p></td></tr><tr><td><p>2012/13</p></td><td><p>1,980</p></td></tr><tr><td><p>2013/14</p></td><td><p>2,102</p></td></tr><tr><td><p>2014/15</p></td><td><p>2,431</p></td></tr><tr><td><p>2015/16</p></td><td><p>2,733</p></td></tr><tr><td><p>2016/17</p></td><td><p>3,020</p></td></tr></tbody></table><p> </p><p>The figures include more than one notice for some companies, for example ones that are recently incorporated.</p><p> </p><p>This represents HMRC’s estimate of the number of companies that might be within the charge to CT.</p><p><strong> </strong></p><p>The information in respect of the number of returns submitted within the required time limit, number of returns submitted after the limit, the number of companies not sent a CT return or a reminder to submit is not centrally collated by HMRC. Information on the number of notifications to file by parliamentary constituency is not readily available.</p><p><strong> </strong></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 grouped question UIN 126584 more like this
star this property question first answered
less than 2018-02-12T15:38:24.003Zmore like thismore than 2018-02-12T15:38:24.003Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
140
unstar this property label Biography information for Dame Margaret Hodge more like this