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answering dept id	14
answer › answering member › label	Biography information for Jesse Norman
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of increasing corporation tax now for those companies with a higher profit margin during the covid-19 outbreak.

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1300184

registered interest

date

08/03/2021

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Corporation Tax: Coronavirus

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of increasing corporation tax now for those companies with a higher profit margin during the covid-19 outbreak.

tabling member constituency

Coventry South

tabling member printed

Zarah Sultana

uin

164652

answer

is ministerial correction

date of answer

16/03/2021

answer text

It is right that businesses share in the burden of restoring the public finances to a sustainable footing; that is why the Government announced an increase in the rate of Corporation Tax at Budget. The rate increase will not come into force until April 2023, by which time GDP is forecast to have recovered to its pre-pandemic level. Companies that have made profits during the pandemic have continued to pay Corporation Tax on those profits as normal. Corporation Tax is charged in line with the level of a company’s profits, so more profitable companies will have contributed more.

answering member constituency

Hereford and South Herefordshire

answering member printed

Jesse Norman

question first answered

16/03/2021 13:20:51

answering member

3991

	label	Biography information for Jesse Norman

tabling member

4786

	label	Biography information for Zarah Sultana