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101048
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2014-10-27
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar 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 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. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 211930 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-11-04more like thismore than 2014-11-04
star this property 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> more like this
unstar this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property question first answered
less than 2014-11-04T16:46:42.492848Zmore like thismore than 2014-11-04T16:46:42.492848Z
star this property answering member
1529
star this property label Biography information for Mr David Gauke more like this
star this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this
89987
star this property registered interest false more like this
star this property date less than 2014-09-01more like thismore than 2014-09-01
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar 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 recent representations he has received on the level of the threshold for corporation tax exemption for charities and unincorporated associations. more like this
star this property tabling member constituency Stockton South more like this
star this property tabling member printed
James Wharton more like this
star this property uin 207637 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-09-08more like thismore than 2014-09-08
star this property 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>
unstar this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property grouped question UIN 207638 more like this
star this property question first answered
less than 2014-09-08T14:43:39.9427656Zmore like thismore than 2014-09-08T14:43:39.9427656Z
star this property answering member
1529
star this property label Biography information for Mr David Gauke more like this
star this property tabling member
4123
unstar this property label Biography information for James Wharton more like this
89988
star this property registered interest false more like this
star this property date less than 2014-09-01more like thismore than 2014-09-01
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar 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 he will raise the threshold for corporation tax exemption for charities and unincorporated associations. more like this
star this property tabling member constituency Stockton South more like this
star this property tabling member printed
James Wharton more like this
star this property uin 207638 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-09-08more like thismore than 2014-09-08
star this property 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>
unstar this property answering member constituency South West Hertfordshire more like this
star this property answering member printed Mr David Gauke more like this
star this property grouped question UIN 207637 more like this
star this property question first answered
less than 2014-09-08T14:43:40.1032153Zmore like thismore than 2014-09-08T14:43:40.1032153Z
star this property answering member
1529
star this property label Biography information for Mr David Gauke more like this
star this property tabling member
4123
unstar this property label Biography information for James Wharton more like this
93644
star this property registered interest false more like this
star this property date less than 2014-10-15more like thismore than 2014-10-15
star this property answering body
Northern Ireland Office more like this
star this property answering dept id 21 more like this
unstar this property answering dept short name Northern Ireland more like this
star this property answering dept sort name Northern Ireland 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 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. more like this
star this property tabling member constituency South Antrim more like this
star this property tabling member printed
Dr William McCrea more like this
star this property uin 210767 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-10-20more like thismore than 2014-10-20
star this property 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> more like this
unstar this property answering member constituency Chipping Barnet more like this
star this property answering member printed Mrs Theresa Villiers more like this
star this property question first answered
less than 2014-10-20T14:15:34.987616Zmore like thismore than 2014-10-20T14:15:34.987616Z
star this property answering member
1500
star this property label Biography information for Theresa Villiers more like this
star this property tabling member
655
unstar this property label Biography information for Lord McCrea of Magherafelt and Cookstown more like this
63748
star this property registered interest false more like this
star this property date less than 2014-06-24more like thismore than 2014-06-24
star this property answering body
Northern Ireland Office more like this
star this property answering dept id 21 more like this
unstar this property answering dept short name Northern Ireland more like this
star this property answering dept sort name Northern Ireland 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 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. more like this
star this property tabling member constituency Bury South more like this
star this property tabling member printed
Mr Ivan Lewis more like this
star this property uin 202255 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-07-02more like thismore than 2014-07-02
star this property 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> more like this
unstar this property answering member constituency Chipping Barnet more like this
star this property answering member printed Mrs Theresa Villiers more like this
star this property question first answered
less than 2014-07-02T13:58:50.8057934Zmore like thismore than 2014-07-02T13:58:50.8057934Z
star this property answering member
1500
star this property label Biography information for Theresa Villiers more like this
star this property tabling member
441
unstar this property label Biography information for Mr Ivan Lewis more like this