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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

713392

	registered interest
	date	23/03/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 23 of the Budget 2016, how much additional corporation tax was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	68821
	answer	answer is ministerial correction date of answer 29/03/2017 answer text <p>The period of account for 2016-17 closes on 31 March for Corporation Tax payers and 5 April for individuals. Relevant receipts data for these measures in this year is not yet available and will be finalised over the following months.</p><p> </p><p>Budget 2017 projections of 2017-18 tax receipts factor in tax receipts to date for 2016-17, operational information, OBR certified costings and any changes to the OBR’s economic growth projections.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 68822 68823 question first answered 29/03/2017 13:49:34 answering member 3918 label Biography information for Jane Ellison
	tabling member	4470 label Biography information for Alan Brown

713393

	registered interest
	date	23/03/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 20 of the Budget 2016, how much additional corporation tax was raised in 2016-17 from withholding tax on royalties; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	68822
	answer	answer is ministerial correction date of answer 29/03/2017 answer text <p>The period of account for 2016-17 closes on 31 March for Corporation Tax payers and 5 April for individuals. Relevant receipts data for these measures in this year is not yet available and will be finalised over the following months.</p><p> </p><p>Budget 2017 projections of 2017-18 tax receipts factor in tax receipts to date for 2016-17, operational information, OBR certified costings and any changes to the OBR’s economic growth projections.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 68821 68823 question first answered 29/03/2017 13:49:34 answering member 3918 label Biography information for Jane Ellison
	tabling member	4470 label Biography information for Alan Brown

713394

	registered interest
	date	23/03/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 21 of the Budget 2016, how much additional corporation tax was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	68823
	answer	answer is ministerial correction date of answer 29/03/2017 answer text <p>The period of account for 2016-17 closes on 31 March for Corporation Tax payers and 5 April for individuals. Relevant receipts data for these measures in this year is not yet available and will be finalised over the following months.</p><p> </p><p>Budget 2017 projections of 2017-18 tax receipts factor in tax receipts to date for 2016-17, operational information, OBR certified costings and any changes to the OBR’s economic growth projections.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 68821 68822 question first answered 29/03/2017 13:49:34 answering member 3918 label Biography information for Jane Ellison
	tabling member	4470 label Biography information for Alan Brown

732325

	registered interest
	date	23/06/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	957
	answer	answer is ministerial correction date of answer 28/06/2017 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> answering member constituency Central Devon answering member printed Mel Stride question first answered 28/06/2017 13:38:36 answering member 3935 label Biography information for Mel Stride
	tabling member	4470 label Biography information for Alan Brown

754512

	registered interest
	date	20/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Alan Brown
	uin	6391
	answer	answer is ministerial correction date of answer 11/09/2017 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> answering member constituency Central Devon answering member printed Mel Stride question first answered 11/09/2017 16:02:21 answering member 3935 label Biography information for Mel Stride
	tabling member	4470 label Biography information for Alan Brown

753090

	registered interest
	date	12/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what effect the reduction in corporation tax rates has had on receipts from that tax.
	tabling member constituency	Brentwood and Ongar
	tabling member printed	Alex Burghart
	uin	900566
	answer	answer is ministerial correction date of answer 18/07/2017 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> answering member constituency Central Devon answering member printed Mel Stride question first answered 18/07/2017 14:48:56 answering member 3935 label Biography information for Mel Stride
	tabling member	4613 label Biography information for Alex Burghart

1006210

	registered interest
	date	13/11/2018
	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 effect of lowering the rate of corporation tax on corporation tax receipts since 2017.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	190819
	answer	answer is ministerial correction date of answer 21/11/2018 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> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/11/2018 15:35:46 answering member 3935 label Biography information for Mel Stride
	tabling member	1447 label Biography information for Andrew Rosindell

1331228

	registered interest
	date	09/06/2021
	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 plans to seek parliamentary approval prior to agreeing at the OECD any proposal for a global minimum rate of corporation tax.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	12971
	answer	answer is ministerial correction date of answer 18/06/2021 answer text I refer the Honourable Member to the answer given on 19 May to UIN 104. answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 12972 question first answered 18/06/2021 11:05:56 answering member 3991 label Biography information for Jesse Norman
	tabling member	1447 label Biography information for Andrew Rosindell

1331229

	registered interest
	date	09/06/2021
	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, with reference to the development of OECD Base Erosion and Profit Shifting proposals on a global minimum rate of corporation tax, what plans the Government has to seek parliamentary approval before signing a treaty or other international agreement giving effect in the UK to a global minimum rate of corporation tax.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	12972
	answer	answer is ministerial correction date of answer 18/06/2021 answer text I refer the Honourable Member to the answer given on 19 May to UIN 104. answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 12971 question first answered 18/06/2021 11:05:56 answering member 3991 label Biography information for Jesse Norman
	tabling member	1447 label Biography information for Andrew Rosindell