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1458568

	registered interest
	date	19/04/2022
	answering body	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 the Chancellor of the Exchequer, whether he has held discussions with (a) officials in his Department, (b) Cabinet colleagues and (c) relevant stakeholders on the global minimum corporate tax system since his appointment as Chancellor of the Exchequer.
	tabling member constituency	Erith and Thamesmead
	tabling member printed	Abena Oppong-Asare
	uin	155943
	answer	answer is ministerial correction date of answer 25/04/2022 answer text <p>The UK have been active participants throughout the process to introduce a global minimum corporate tax, with the Chancellor playing a leading role in securing G7 commitment to a global minimum tax rate of 15 per cent in June 2021, setting a foundation for the wider agreement reached by over 130 members of the OECD Inclusive Framework in October 2021.</p><p> </p><p>As part of the normal policy making process, the Chancellor maintains strong and ongoing working relationships with both HM Treasury officials and Cabinet colleagues alike on the policy direction and the current status of the global minimum tax.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 25/04/2022 16:42:17 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4820 label Biography information for Abena Oppong-Asare

1434253

	registered interest
	date	22/02/2022
	answering body	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 the Chancellor of the Exchequer, if he will confirm that Pillar 2 of the OECD Framework on Base Erosion and Profit Shifting will not become operational in the UK in the event that international agreement is not reached on implementing Pillar 1.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	127321
	answer	answer is ministerial correction date of answer 02/03/2022 answer text <p>The Government is glad that on 8 October 2021 more than 130 countries reached agreement on a Two-Pillar Solution to the tax challenges arising from the digitalisation of the economy.</p><p> </p><p>As per the detailed implementation plan set out in the October 2021 statement, the aim is that both Pillar 1 and Pillar 2 will be implemented and effective by 2023. However, we cannot comment on the Organisation for Economic Co-operation and Development’s funding requirements in this respect.</p><p> </p><p>As part of the implementation process, both Pillars will be subject to the standard tax policymaking process, with their impacts formally assessed through the Office for Budget Responsibility’s forecast process.</p><p> </p><p>Monitoring and compliance will be handled by HMRC, utilising their departmental budget allocated as part of the Spending Review 2021.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 127322 question first answered 02/03/2022 12:07:22 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1447 label Biography information for Andrew Rosindell

1434254

	registered interest
	date	22/02/2022
	answering body	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 the Chancellor of the Exchequer, what additional funding will be required by (a) his Department and (b) the OECD to ensure monitoring and compliance with the proposed Pillar 2 rules of BEPS 2.0.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	127322
	answer	answer is ministerial correction date of answer 02/03/2022 answer text <p>The Government is glad that on 8 October 2021 more than 130 countries reached agreement on a Two-Pillar Solution to the tax challenges arising from the digitalisation of the economy.</p><p> </p><p>As per the detailed implementation plan set out in the October 2021 statement, the aim is that both Pillar 1 and Pillar 2 will be implemented and effective by 2023. However, we cannot comment on the Organisation for Economic Co-operation and Development’s funding requirements in this respect.</p><p> </p><p>As part of the implementation process, both Pillars will be subject to the standard tax policymaking process, with their impacts formally assessed through the Office for Budget Responsibility’s forecast process.</p><p> </p><p>Monitoring and compliance will be handled by HMRC, utilising their departmental budget allocated as part of the Spending Review 2021.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 127321 question first answered 02/03/2022 12:07:22 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1447 label Biography information for Andrew Rosindell

1457286

	registered interest
	date	14/04/2022
	answering body	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 the Chancellor of the Exchequer, whether a disputes resolution mechanism agreed as part of the Organisation for Economic Cooperation and Development’s BEPS 2.0 Pillar 2 proposals would be binding upon UK courts.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	153791
	answer	answer is ministerial correction date of answer 26/04/2022 answer text <p>The Government is delighted that more than 130 countries reached agreement on a Two-Pillar solution to the tax challenges arising from the digitalisation of the economy, on the 8 October 2021.</p><p> </p><p>As outlined in the October 2021 Statement, the OECD will seek to develop an implementation framework by the end of 2022 which will be designed to facilitate the co-ordinated implementation and administration of the GloBE Rules.</p><p> </p><p>Discussions on the implementation framework are ongoing and public input was recently sought on the issues that should be addressed as part of this work, including the question of whether mechanisms are needed to avoid the risk of double taxation: <a href="https://www.gov.uk/government/consultations/oecd-pillar-2-consultation-on-implementation" target="_blank">https://www.gov.uk/government/consultations/oecd-pillar-2-consultation-on-implementation</a>.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 26/04/2022 15:33:18 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1447 label Biography information for Andrew Rosindell

1485179

	registered interest
	date	30/06/2022
	answering body	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 the Chancellor of the Exchequer, what assessment he has made of the potential effect of the OECD's global minimum corporation tax proposals on costs for UK businesses.
	tabling member constituency	Beckenham
	tabling member printed	Bob Stewart
	uin	28409
	answer	answer is ministerial correction date of answer 07/07/2022 answer text <p>The OECD’s Two Pillar Solution to the process of digitalisation represents a major reform of the international tax framework and will help to ensure multinational businesses pay their fair share, with the right companies paying the right amount of tax in the right place.</p><p> </p><p>Both Pillars 1 and 2 will be subject to the standard tax policymaking process, with their impacts formally assessed through the OBR forecast process.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 07/07/2022 11:14:05 answering member 4517 label Biography information for Lucy Frazer
	tabling member	3919 label Biography information for Bob Stewart

1487651

	registered interest
	date	08/07/2022
	answering body	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 the Chancellor of the Exchequer, whether it is his policy to reduce corporation tax.
	tabling member constituency	Warrington North
	tabling member printed	Charlotte Nichols
	uin	33027
	answer	answer is ministerial correction date of answer 18/07/2022 answer text <p>Any future changes to the rate of Corporation Tax that is currently legislated for will be set out to Parliament in the usual way.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 18/07/2022 11:28:12 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4799 label Biography information for Charlotte Nichols

1563092

	registered interest
	date	19/12/2022
	answering body	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 the Chancellor of the Exchequer, if he will publish the estimate of the cost to the public purse, including money spent IT systems and staff, of the decision to cancel the freeze in the rate of Corporation Tax announced on 23 September 2022 and to increase the rate to 25 per cent.
	tabling member constituency	Ealing North
	tabling member printed	James Murray
	uin	113466
	answer	answer is ministerial correction date of answer 09/01/2023 answer text Estimates of the IT and administrative costs associated with the increase in the rate of Corporation Tax were set out in the tax information impact note (TIIN) published at Spring Budget 2021 when the rate increase was announced. answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 09/01/2023 13:58:14 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4797 label Biography information for James Murray

1489068

	registered interest
	date	13/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to suspend corporate income tax for a limited period of time.
	tabling member printed	Lord Taylor of Warwick
	uin	HL1756
	answer	answer is ministerial correction date of answer 26/07/2022 answer text <p>The Government is not currently planning to suspend Corporation Tax. Any future changes to Corporation Tax will be set out to Parliament in the usual way.</p> answering member printed Baroness Penn question first answered 26/07/2022 13:37:59 answering member 4726 label Biography information for Baroness Penn
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1539355

	registered interest
	date	03/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what forecast they have made of the impact of stabilising corporation tax levels on the UK’s economic forecast.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3217
	answer	answer is ministerial correction date of answer 17/11/2022 answer text <p>The economic and fiscal impact of changes in Corporation Tax policy are factored into the Office for Budget Responsibility’s forecasts. Further detail is available in the OBR’s Economic and Fiscal Outlook which is published at fiscal events.</p> answering member printed Baroness Penn question first answered 17/11/2022 14:47:12 answering member 4726 label Biography information for Baroness Penn
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1579771

	registered interest
	date	23/01/2023
	answering body	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 the Chancellor of the Exchequer, if he will publish the most recent version of the agreement on the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting framework.
	tabling member constituency	Witham
	tabling member printed	Priti Patel
	uin	129766
	answer	answer is ministerial correction date of answer 31/01/2023 answer text <p>The UK is a member of the Organisation for Economic Cooperation and Development (OECD)/Group of Twenty (G20) Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which is collaborating on 15 actions to address tax avoidance.</p><p>The OECD sets out the 15 BEPS actions at <a href="https://www.oecd.org/tax/beps/beps-actions/" target="_blank">https://www.oecd.org/tax/beps/beps-actions/</a>.</p><p>The recent focus of developments in international tax has been the Two-Pillar Solution to address the tax challenges arising from the digitalisation of the economy.</p><p>The OECD published the two-pillar agreement in 2021, so far signed by 138 countries including the UK, which can be accessed at <a href="https://www.oecd.org/tax/beps/statement-on-a-two-pillar-solution-to-address-the-tax-challenges-arising-from-the-digitalisation-of-the-economy-october-2021.htm" target="_blank">https://www.oecd.org/tax/beps/statement-on-a-two-pillar-solution-to-address-the-tax-challenges-arising-from-the-digitalisation-of-the-economy-october-2021.htm</a>.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 31/01/2023 15:18:06 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4066 label Biography information for Priti Patel