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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

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

1361506

	registered interest
	date	19/10/2021
	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 proposals for a global minimum rate of corporation tax under Pillar 2 of the OECD’s Base Erosion and Profit Shifting (BEPS) Framework, what position the Government has put forward on the use of deferred tax accounting to the OECD Working Party 11.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	58753
	answer	answer is ministerial correction date of answer 27/10/2021 answer text <p>The UK has long been at the forefront of global efforts to update the international corporation tax framework in response to challenges created by digitalisation.</p><p>The UK has been an active participant throughout the process and has played a leading role in securing G20 commitment to reach initial agreement on the proposals by mid-2021 and final agreement by October 2021.</p><p>The agreement reached on 8 October 2021, with over 130 jurisdictions across the globe, represents a major reform to the global tax system 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>Reaching a Two-Pillar Solution has been a long-standing priority for the UK. It is a credit to our persistence that this agreement is now becoming a reality.</p><p>The full details of the political agreement are still subject to international negotiation and it would not be appropriate to comment on specific provisions.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 58752 question first answered 27/10/2021 13:57:39 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1447 label Biography information for Andrew Rosindell

1379058

	registered interest
	date	16/11/2021
	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, pursuant to the Answer of 27 October 2021 to Question 58753 on Corporation Tax, whether the Government supports the inclusion of a carve-out for financial services under Pillar 2 of the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting (BEPS) framework; and if he will make statement.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	75831
	answer	answer is ministerial correction date of answer 24/11/2021 answer text <p>The Government is delighted that a final political agreement has now been reached on the framework for a Two-Pillar Solution.</p><p> </p><p>The regulated financial services and extractives sectors are to be excluded from Pillar One in recognition that the justification for reallocating taxing rights is much weaker, and the practical challenges in doing so are much greater.</p><p> </p><p>There will be no such exclusion for those sectors from Pillar Two.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 24/11/2021 17:15:21 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1447 label Biography information for Andrew Rosindell

1384296

	registered interest
	date	02/12/2021
	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, pursuant to the Answer of 27 October 2021 to question 58753 on Corporation Tax, if he will make available on a private basis to hon. Members and Members of the House of Lords the most recent draft of the political agreement being negotiated as part of the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting framework.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	86061
	answer	answer is ministerial correction date of answer 10/12/2021 answer text <p>The government is delighted that a final political agreement has been reached on the framework for a two-pillar solution.</p><p> </p><p>The final political agreement was published online by the OECD following the agreement reached at the OECD Inclusive Framework meeting on the tax challenges arising from the digitalisation of the economy, on 8 October 2021: <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.pdf" 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.pdf</a>.</p><p> </p><p>The government intends to consult with stakeholders as part of the process of implementing the agreement in UK law.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 86062 question first answered 10/12/2021 14:25:20 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1447 label Biography information for Andrew Rosindell

1384298

	registered interest
	date	02/12/2021
	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, if he will make it his policy to hold a formal public consultation before holding a vote in Parliament to implement the Organisation for Economic Co-operation and Development’s base Erosion and Profit Shifting framework.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	86062
	answer	answer is ministerial correction date of answer 10/12/2021 answer text <p>The government is delighted that a final political agreement has been reached on the framework for a two-pillar solution.</p><p> </p><p>The final political agreement was published online by the OECD following the agreement reached at the OECD Inclusive Framework meeting on the tax challenges arising from the digitalisation of the economy, on 8 October 2021: <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.pdf" 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.pdf</a>.</p><p> </p><p>The government intends to consult with stakeholders as part of the process of implementing the agreement in UK law.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 86061 question first answered 10/12/2021 14:25:20 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1447 label Biography information for Andrew Rosindell

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

1146016

	registered interest
	date	25/09/2019
	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 estimate he has made of the additional revenue that would be generated by including corporation tax in the extension of offshore time limits.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	291102
	answer	answer is ministerial correction date of answer 30/09/2019 answer text <p>The additional revenue that would be generated by including corporation tax in the extension of offshore time limits was estimated as negligible.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 30/09/2019 16:24:49 answering member 3991 label Biography information for Jesse Norman
	tabling member	4657 label Biography information for Anneliese Dodds

1301818

	registered interest
	date	11/03/2021
	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, what assessment his Department has made of the potential effect on economic activity and investment of the corporation tax taper from 2023-24 on profits between £50,000 and £250,000.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	167298
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The taper on profits between £50,000 and £250,000 is designed to ensure that the benefit of the small profits rate is targeted at the smallest businesses, while at the same time minimising economic distortions for those to which it applies.</p><p> </p><p>Companies with profits within the taper will continue to be subject to an effective tax rate on profit that is below the main rate.</p><p> </p><p>The economic impacts of the Corporation Tax rate increase are forecast by the independent Office for Budget Responsibility and contained within its Economic and Fiscal Outlook.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:26:37 answering member 3991 label Biography information for Jesse Norman
	tabling member	4657 label Biography information for Anneliese Dodds

1302000

	registered interest
	date	11/03/2021
	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, what steps he is taking to prevent larger businesses dividing into several smaller businesses in order to be eligible for the new small profits rate of corporation tax from 2023-24.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	167300
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The lower profit limit, below which companies will be eligible for the small profits rate, will be reduced in proportion to the number of associated companies a company has. This is designed to prevent companies with profits over the small profits thresholds from being divided up in an attempt to take advantage of the lower rate. The upper profit limit will also be subject to this rule. Associated companies rules also applied under the previous small profits rate.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:25:04 answering member 3991 label Biography information for Jesse Norman
	tabling member	4657 label Biography information for Anneliese Dodds

1232204

	registered interest
	date	08/09/2020
	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 support are they giving to the Fair Tax Mark certification scheme.
	tabling member printed	Baroness Kennedy of Cradley
	uin	HL7935
	answer	answer is ministerial correction date of answer 22/09/2020 answer text <p>The Government is committed to ensuring all businesses pay their fair share of tax in the UK and has taken significant steps to ensure that this objective is realised. This includes introducing the Diverted Profits Tax in 2015, the Interest Restriction Rules in 2017, and the Digital Services Tax from April 2020.</p><p> </p><p>HM Revenue &amp; Customs (HMRC) are responsible for the administration of the UK tax system. HMRC use the most appropriate, cost-effective, and high-impact methods to support all taxpayers in complying with their obligations, and impose sanctions on those who do not.</p> answering member printed Lord Agnew of Oulton question first answered 22/09/2020 11:06:28 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4303 label Biography information for Baroness Kennedy of Cradley

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

1302013

	registered interest
	date	11/03/2021
	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, what assessment he has made of the effect the £50,000 threshold for the new small profits rate of corporation tax will have on incentives for corporations with profits just below that level to expand their worth.
	tabling member constituency	Houghton and Sunderland South
	tabling member printed	Bridget Phillipson
	uin	167194
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>From April 2023 companies with small profits, those companies with profits of £50,000 or less, will continue to pay 19%. That means that c.70% of actively trading companies will be protected from a rate increase.</p><p> </p><p>Marginal relief will be available for companies with profits between £50,000 and £250,000 ensuring that the effective rate of Corporation Tax increases gradually for companies with profits over £50,000, and that only about 10% of companies will pay the full main rate.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:30:02 answering member 3991 label Biography information for Jesse Norman
	tabling member	4046 label Biography information for Bridget Phillipson

1329469

	registered interest
	date	04/06/2021
	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, if he will provide information on compliance yield from activities relating to ensuring the proper payment of corporation tax in respect of the work of HMRC’s Large Business Directorate in each year between 2014-15 and 2019-20.
	tabling member constituency	Houghton and Sunderland South
	tabling member printed	Bridget Phillipson
	uin	10347
	answer	answer is ministerial correction date of answer 11/06/2021 answer text <p>The Large Business Directorate compliance yield in respect of Corporation Tax is below:</p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>CT yield (£m)</strong></p></td></tr><tr><td><p>2014-15</p></td><td><p>3,453</p></td></tr><tr><td><p>2015-16</p></td><td><p>3,650</p></td></tr><tr><td><p>2016-17</p></td><td><p>3,577</p></td></tr><tr><td><p>2017-18</p></td><td><p>2,882 (includes Petroleum Revenue Tax)</p></td></tr><tr><td><p>2018-19</p></td><td><p>2,608</p></td></tr><tr><td><p>2019-20</p></td><td><p>2,582</p></td></tr></tbody></table> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/06/2021 13:54:54 answering member 3991 label Biography information for Jesse Norman
	tabling member	4046 label Biography information for Bridget Phillipson

1382711

	registered interest
	date	26/11/2021
	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, pursuant to the Answer of 11 June 2021 to Question 10347, on Corporation Tax, if he will publish that information for the 2020-2021 financial year.
	tabling member constituency	Houghton and Sunderland South
	tabling member printed	Bridget Phillipson
	uin	82311
	answer	answer is ministerial correction date of answer 06/12/2021 answer text <p>Additional Corporation Tax revenues achieved through Large Business Directorate compliance activity was published in an appendix to HMRC’s 2020-21 Annual Report &amp; Accounts.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 06/12/2021 15:42:42 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4046 label Biography information for Bridget Phillipson

1316212

	registered interest
	date	19/05/2021
	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, what assessment his Department has made of the potential merits of securing a global minimum corporation tax rate and a level playing field for UK businesses as part of G7 negotiations.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	uin	3975
	answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3974 3976 3977 3978 3979 question first answered 24/05/2021 15:15:38 answering member 3991 label Biography information for Jesse Norman
	tabling member	4523 label Biography information for Catherine West

1316216

	registered interest
	date	19/05/2021
	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, what his Department’s policy is on the US Administration's proposals for a global minimum corporation tax rate in the event that the Government does not secure a Digital Sales Tax in OECD Pillar One negotiations.
	tabling member constituency	Hornsey and Wood Green
	tabling member printed	Catherine West
	uin	3979
	answer	answer is ministerial correction date of answer 24/05/2021 answer text <p>The Government welcomes the US administration's renewed commitment to reaching a two-pillar solution reforming the international tax framework through the OECD, and it is optimistic that an agreement can be reached.</p><p> </p><p>The OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD and the UK has been working with other countries on this initiative for a number of years.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is vital to ensure large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The Chancellor has made supporting progress towards a two-pillar solution a priority of the UK’s G7 presidency. As such, he has regular discussions with his G7 counterparts on these issues.</p><p> </p><p>Given that these discussions are still in progress and important details are still subject to international negotiation, it would not be appropriate for the Government to provide detailed impact assessments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 3974 3975 3976 3977 3978 question first answered 24/05/2021 15:15:39 answering member 3991 label Biography information for Jesse Norman
	tabling member	4523 label Biography information for Catherine West

1327434

	registered interest
	date	24/05/2021
	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 President Biden's proposed fiscal policies, if he will support a global corporation tax plan.
	tabling member constituency	Warrington North
	tabling member printed	Charlotte Nichols
	uin	6498
	answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is needed to ensure that large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The final agreement is still subject to international negotiation and it would not be appropriate for the Government to provide a detailed commentary on its approach to these discussions.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 6497 question first answered 27/05/2021 14:20:24 answering member 3991 label Biography information for Jesse Norman
	tabling member	4799 label Biography information for Charlotte Nichols

1331496

	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, for what reason he agreed to a global corporation tax rate of 15 per cent rather than 21 per cent as first proposed.
	tabling member constituency	Warrington North
	tabling member printed	Charlotte Nichols
	uin	13238
	answer	answer is ministerial correction date of answer 18/06/2021 answer text <p>The Government is delighted that the G7 has come together to back the proposals developed by the OECD to reform the international tax framework.</p><p>Reaching final agreement on a two-pillar solution, which reallocates taxing rights and introduces a global minimum tax, would be a major multilateral achievement that introduces stability into the international tax landscape.</p><p>The Government recognises that there is more to do to reach final agreement with the G20 and 139 members of the OECD Inclusive Framework. Compromise will be necessary to reach that final agreement, including on the level of the global minimum tax rate; a key issue which will need to take into account the position of the wide array of views across the members of the Inclusive Framework. With that consideration in mind a common G7 position has been agreed that could represent a consensus position for the G20 and Inclusive Framework.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/06/2021 11:02:30 answering member 3991 label Biography information for Jesse Norman
	tabling member	4799 label Biography information for Charlotte Nichols

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

1308248

	registered interest
	date	12/04/2021
	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, what assessment he has made of the effect of a global minimum tax rate of 21 per cent on revenues under the corporation tax charge in 2022-23.
	tabling member constituency	Liverpool, Walton
	tabling member printed	Dan Carden
	uin	179448
	answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The UK has been at the forefront of global efforts to update the international corporation tax framework in response to challenges created by digitisation.</p><p> </p><p>The UK played an active role in helping to develop a comprehensive two-pillar solution. This would ensure countries can more effectively tax businesses that participate in their economies as well as require multinational groups to pay a minimum level of tax on profit they generate in jurisdictions in which they operate.</p><p> </p><p>The UK also played a leading role in securing a G20 commitment to reach political agreement on such a solution by mid-2021, and is now using its G7 Presidency to help deliver on that objective.</p><p> </p><p>The details of a political agreement are still subject to international negotiation and it would not be appropriate to provide a detailed impact assessment or to comment on specific provisions.</p><p> </p><p>If and when a global solution is agreed and implemented it will be assessed through the OBR forecast process in the usual way.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 178894 178895 179441 180427 180428 question first answered 20/04/2021 15:14:43 answering member 3991 label Biography information for Jesse Norman
	tabling member	4651 label Biography information for Dan Carden

1347319

	registered interest
	date	15/07/2021
	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, what estimate he has made, applying the Laffer curve, of the potential effect on tax revenues of a reduction in corporation tax.
	tabling member constituency	Shrewsbury and Atcham
	tabling member printed	Daniel Kawczynski
	uin	33878
	answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>The fiscal and economic impact of changes in the rate of Corporation Tax (CT) have been set out in the Office for Budget Responsibility’s (OBR’s) Economic and Fiscal Outlooks which are published alongside fiscal events.</p><p> </p><p>The most recent forecast, published in March 2021, includes the revenue raised from the announcement made at Budget 2021: that the main rate will increase to 25% from April 2023, which is forecast to raise over £45 billion across the next 5 years.</p><p> </p><p>This forecast incorporates adjustments to reflect behavioural responses from businesses to changes in the rate of CT.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:22:20 answering member 3991 label Biography information for Jesse Norman
	tabling member	1566 label Biography information for Daniel Kawczynski

1037094

	registered interest
	date	07/01/2019
	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 lower corporation tax after the UK leaves the EU.
	tabling member constituency	Upper Bann
	tabling member printed	David Simpson
	uin	205869
	answer	answer is ministerial correction date of answer 15/01/2019 answer text <p>The government is committed to ensuring the UK remains competitive and an attractive destination to set up and grow a business.</p><p>Since 2010, the government has cut the rate of corporation tax from 28% to 19% today. The government has legislated to reduce the corporation tax rate further to 17% in April 2020. This delivers the government’s ambition to have the lowest overall rate in the G20.</p><p>As with all aspects of the tax system, the government keeps the UK corporation tax rate under review. Any decisions on future policy would be considered as part of the Budget process, in the context of the wider public finances.</p><p>The government also remains committed to commence the power for the Northern Ireland Assembly to set a Northern Ireland rate of corporation tax, as set out in the Stormont House Agreement, once a restored Northern Ireland Executive demonstrates its finances are on a sustainable footing.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 15/01/2019 14:18:12 answering member 3935 label Biography information for Mel Stride
	tabling member	1597 label Biography information for David Simpson

1337302

	registered interest
	date	16/06/2021
	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, what progress he has made with his G7 counterparts on establishing a global minimum corporation tax rate.
	tabling member constituency	Crewe and Nantwich
	tabling member printed	Dr Kieran Mullan
	uin	17008
	answer	answer is ministerial correction date of answer 24/06/2021 answer text <p>OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has an established record of being at the forefront of these talks.</p><p> </p><p>The package being developed by the OECD includes two pillars; a change in the allocation of taxing rights over business profit, and a global minimum tax. That is something the UK strongly supports; the UK’s consistent position has been that it matters where tax is paid as well as the rate at which it is paid.</p><p> </p><p>On 5 June the G7 finance ministers, meeting in London as part of the UK’s G7 Presidency, confirmed their commitment to a solution containing both pillars. The Government is delighted the G7 has come together to back the proposals developed by the OECD to reform the international tax framework.</p><p> </p><p>Reaching final agreement on a two-pillar solution with the G20 and 139 members of the OECD Inclusive Framework would be a major multilateral achievement that introduces stability into the international tax landscape.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 17007 question first answered 24/06/2021 14:15:37 answering member 3991 label Biography information for Jesse Norman
	tabling member	4860 label Biography information for Dr Kieran Mullan

1310171

	registered interest
	date	19/04/2021
	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 supports the US administration's recent proposal for a global minimum corporate tax rate.
	tabling member constituency	Ealing Central and Acton
	tabling member printed	Dr Rupa Huq
	uin	183223
	answer	answer is ministerial correction date of answer 22/04/2021 answer text <p>I refer the Honourable Member to the answer given on 20 April to UIN 178895.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 22/04/2021 14:02:48 answering member 3991 label Biography information for Jesse Norman
	tabling member	4511 label Biography information for Dr Rupa Huq

1050282

	registered interest
	date	28/01/2019
	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 plans he has to require the Financial Reporting Council to develop accounting standards requiring UK companies to disclose how much corporation tax or its equivalent they pay in each country of their operation; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	213170
	answer	answer is ministerial correction date of answer 31/01/2019 answer text <p>There are currently no plans to require UK accounting standards to be developed for this purpose.</p><p> </p><p>However, the government continues to support the development of a public Country-by-Country Reporting model that works on a multilateral basis.</p><p> </p><p>This would require large multinational companies to publish a country-by-country breakdown of their profits, tax and assets.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 31/01/2019 15:21:07 answering member 3935 label Biography information for Mel Stride
	tabling member	177 label Biography information for Gareth Thomas

1327655

	registered interest
	date	24/05/2021
	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 negotiators acting on behalf of the Government at meetings of the Steering Group of the Inclusive Framework on base erosion and profit shifting as part of the OECD/ G20 international tax negotiations held in the week of in the week commencing 17 May 2021 were instructed to support a global corporate minimum tax rate for large multinational firms of (a) 21 per cent, (b) 15 per cent and (c) any other rate.
	tabling member constituency	Ealing North
	tabling member printed	James Murray
	uin	6497
	answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is needed to ensure that large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The final agreement is still subject to international negotiation and it would not be appropriate for the Government to provide a detailed commentary on its approach to these discussions.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 6498 question first answered 27/05/2021 14:20:24 answering member 3991 label Biography information for Jesse Norman
	tabling member	4797 label Biography information for James Murray

1346706

	registered interest
	date	14/07/2021
	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, what estimate he has made of the number of UK domiciled enterprises that would be affected by a global minimum corporate rate of taxation of at least 15 per cent, as agreed between G7 Finance Ministers on 5 June 2021.
	tabling member constituency	Ealing North
	tabling member printed	James Murray
	uin	33353
	answer	answer is ministerial correction date of answer 19/07/2021 answer text <p>I refer the hon Member to the answer that I gave on 12 July to PQ UIN 28089 .</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 33352 33354 33355 question first answered 19/07/2021 13:51:57 answering member 3991 label Biography information for Jesse Norman
	tabling member	4797 label Biography information for James Murray

1346707

	registered interest
	date	14/07/2021
	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, what estimate he has made of the number of UK domiciled financial firms that would be affected by the agreement between G7 Finance Ministers on 5 June 2021 to reallocate taxing rights to at least 20 per cent of profit exceeding a 10 per cent margin for the largest and most profitable multinational enterprises.
	tabling member constituency	Ealing North
	tabling member printed	James Murray
	uin	33354
	answer	answer is ministerial correction date of answer 19/07/2021 answer text <p>I refer the hon Member to the answer that I gave on 12 July to PQ UIN 28089 .</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 33352 33353 33355 question first answered 19/07/2021 13:51:57 answering member 3991 label Biography information for Jesse Norman
	tabling member	4797 label Biography information for James Murray

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

1142921

	registered interest
	date	02/09/2019
	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 any plans to reduce corporation tax.
	tabling member constituency	Berwickshire, Roxburgh and Selkirk
	tabling member printed	John Lamont
	uin	284389
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Since 2010 the Government has successively reduced the UK Corporation Tax rate to support businesses both large and small. Now at 19% the UK Corporation Tax is currently the lowest in the G20. In April 2020 the Government will reduce the UK Corporation tax rate further to 17%.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:58:37 answering member 3991 label Biography information for Jesse Norman
	tabling member	4608 label Biography information for John Lamont

1338304

	registered interest
	date	21/06/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether parliamentary approval will be required for a future increase in the world minimum rate of corporation tax under Pillar 2 of the framework on Base Erosion and Profit Shifting.
	tabling member printed	Lord Hannan of Kingsclere
	uin	HL1240
	answer	answer is ministerial correction date of answer 29/06/2021 answer text <p>It is a UK priority to reach a comprehensive two-pillar solution addressing the tax challenges of digitisation.</p><p> </p><p>The details of a final agreement, including on the exact framework for implementation, are still subject to international negotiation.</p><p> </p><p>If a political agreement is reached and both pillars are implemented in the UK, they will be subject to the normal tax policymaking process. That would include legislation in the relevant Finance Bill, with impacts then being formally assessed and set out in a Tax Information and Impact Note upon the introduction of the legislation.</p><p> </p><p>Any significant subsequent changes to that legislation would likewise be made through a future Finance Bill.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL1241 question first answered 29/06/2021 16:18:33 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4905 label Biography information for Lord Hannan of Kingsclere

1338305

	registered interest
	date	21/06/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the impact of the Organisation for Economic Co-operation and Development's proposal for a global minimum corporation tax on the ability of the UK Government to adjust its domestic taxation policy.
	tabling member printed	Lord Hannan of Kingsclere
	uin	HL1241
	answer	answer is ministerial correction date of answer 29/06/2021 answer text <p>It is a UK priority to reach a comprehensive two-pillar solution addressing the tax challenges of digitisation.</p><p> </p><p>The details of a final agreement, including on the exact framework for implementation, are still subject to international negotiation.</p><p> </p><p>If a political agreement is reached and both pillars are implemented in the UK, they will be subject to the normal tax policymaking process. That would include legislation in the relevant Finance Bill, with impacts then being formally assessed and set out in a Tax Information and Impact Note upon the introduction of the legislation.</p><p> </p><p>Any significant subsequent changes to that legislation would likewise be made through a future Finance Bill.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL1240 question first answered 29/06/2021 16:18:33 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4905 label Biography information for Lord Hannan of Kingsclere

1275049

	registered interest
	date	08/01/2021
	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 how many UK-registered companies have failed to submit corporation tax returns to HMRC in the last five years.
	tabling member printed	Lord Sikka
	uin	HL11954
	answer	answer is ministerial correction date of answer 20/01/2021 answer text <p>Information in the form requested is not readily available and could only be compiled at disproportionate cost.</p> answering member printed Lord Agnew of Oulton question first answered 20/01/2021 12:03:14 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4885 label Biography information for Lord Sikka

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

1334006

	registered interest
	date	14/06/2021
	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, what assessment he has made of the potential effect of the proposed minimum global corporation tax rate on (a) the UK economy and (b) other European economies that the UK has trading links with.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	15178
	answer	answer is ministerial correction date of answer 17/06/2021 answer text <p>The Government is delighted that the G7 has come together to back the proposals developed by the OECD to reform the international tax framework.</p><p> </p><p>Reaching final agreement, with the G20 and OECD Inclusive Framework, on a two-pillar solution which reallocates taxing rights and introduces a global minimum tax would be a major multilateral achievement and introduce greater stability into the international tax landscape.</p><p> </p><p>The details of a final agreement are still subject to international negotiation, and it would not be appropriate to provide a detailed impact assessment.</p><p> </p><p>If a political agreement is reached and both pillars are implemented in the UK, they would be subject to standard tax policymaking process, with their impacts formally assessed through the OBR forecast process.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/06/2021 13:19:07 answering member 3991 label Biography information for Jesse Norman
	tabling member	1409 label Biography information for Mr Gregory Campbell

1344125

	registered interest
	date	06/07/2021
	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, if he will make an assessment of the potential benefits to the UK of introducing an international minimum corporation tax rate of 15 per cent.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	28089
	answer	answer is ministerial correction date of answer 12/07/2021 answer text <p>Reaching a two-pillar solution on global tax reform which reallocates taxing rights and introduces a global minimum tax has been a long-standing priority for the UK.</p><p> </p><p>The Government is delighted that the G7 agreement secured on this in June has formed the basis for an historic agreement among over 130 members of the OECD Inclusive Framework. The Government looks forward to continuing discussions with its global partners in the coming months with a view to finalising the details by October.</p><p> </p><p>Securing and implementing a final agreement on this will help stabilise the international tax framework and 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>If final agreement is reached and both pillars are implemented in the UK, they would be subject to standard tax policymaking process, with their impacts formally assessed through the OBR forecast process.</p><p><strong> </strong></p><p><strong> </strong></p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/07/2021 09:45:04 answering member 3991 label Biography information for Jesse Norman
	tabling member	1409 label Biography information for Mr Gregory Campbell

1333946

	registered interest
	date	14/06/2021
	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, which foreign Governments have (a) informed him of their support for a 21 per cent minimum global corporation tax rate and (b) asked the UK to support that rate.
	tabling member constituency	Slough
	tabling member printed	Mr Tanmanjeet Singh Dhesi
	uin	15359
	answer	answer is ministerial correction date of answer 17/06/2021 answer text <p>The Government is delighted that the G7 has come together to back the proposals developed by the OECD to reform the international tax framework.</p><p> </p><p>Reaching final agreement, with the G20 and OECD Inclusive Framework, on a two-pillar solution which reallocates taxing rights and introduces a global minimum tax would be a major multilateral achievement that introduces stability into the international tax landscape.</p><p> </p><p>The details of a final agreement are still subject to international negotiation and it would not be appropriate for the Government to provide detailed commentary on those discussions.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/06/2021 13:17:43 answering member 3991 label Biography information for Jesse Norman
	tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1365302

	registered interest
	date	02/11/2021
	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, what estimate he has made of the level of UK corporation tax paid by companies seeking to drill for oil in the Shetlands including (a) Siccar Point and (b) Shell.
	tabling member constituency	Slough
	tabling member printed	Mr Tanmanjeet Singh Dhesi
	uin	68402
	answer	answer is ministerial correction date of answer 08/11/2021 answer text <p>The administration of the tax system is a matter for HMRC. It would not be appropriate for Treasury Ministers to become involved in the administration of the tax system in specific cases.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 08/11/2021 14:06:05 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

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

1579772

	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, 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	Witham
	tabling member printed	Priti Patel
	uin	129767
	answer	answer is ministerial correction date of answer 31/01/2023 answer text <p>The Organisation for Economic Cooperation and Development (OECD) is publicly consulting on tax certainty in the pillar 2 rules, covering dispute prevention and dispute resolution mechanisms, until 3 February 2023. This includes options for legal instruments to implement the dispute resolution process.</p><p> </p><p>The public consultation can be accessed online at <a href="https://www.oecd.org/tax/beps/oecd-invites-comments-on-compliance-and-tax-certainty-aspects-of-global-minimum-tax.htm" target="_blank">https://www.oecd.org/tax/beps/oecd-invites-comments-on-compliance-and-tax-certainty-aspects-of-global-minimum-tax.htm</a>.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 31/01/2023 15:20:59 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4066 label Biography information for Priti Patel

1579773

	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, 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	Witham
	tabling member printed	Priti Patel
	uin	129817
	answer	answer is ministerial correction date of answer 31/01/2023 answer text At Autumn Statement 2022, the Government set out that Pillar 2 will raise £2.3 billion a year by 2027-28.<p> </p><p> </p>An estimate of HMRC operational costs to implement Pillar 2 was published in a tax information and impact note in July 2022. This can be accessed on GOV.UK at <a href="https://www.gov.uk/government/publications/introduction-of-the-new-multinational-top-up-tax/multinational-top-up-tax-uk-adoption-of-organisation-for-economic-co-operation-and-development-pillar-2" target="_blank">https://www.gov.uk/government/publications/introduction-of-the-new-multinational-top-up-tax/multinational-top-up-tax-uk-adoption-of-organisation-for-economic-co-operation-and-development-pillar-2</a><p> </p><p> </p><p> </p>The Government will publish an updated tax information and impact note at the Spring Budget. answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 31/01/2023 15:27:58 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4066 label Biography information for Priti Patel

1579775

	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 make it his policy to hold a formal public consultation before bringing forward legislative proposals to implement 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	129818
	answer	answer is ministerial correction date of answer 31/01/2023 answer text <p>As part of the tax policy making process, the Government routinely holds public consultations on tax policy ahead of implementation.</p><p>Since international agreement on the BEPS project in 2015, the Government has consulted ahead of the introduction of new rules in accordance with the BEPS actions. This includes on hybrid mismatch rules, the tax deductibility on corporate interest expense and country by country reporting.</p><p>The Government has recently demonstrated its commitment to consultation. In 2022, the Government consulted on the implementation of Pillar 2 in the UK and published a response in July 2022 which can be accessed on gov.uk at <a href="https://www.gov.uk/government/consultations/oecd-pillar-2-consultation-on-implementation" target="_blank"><em>https://www.gov.uk/government/consultations/oecd-pillar-2-consultation-on-implementation</em></a><em>.</em></p><p>In July 2022, the Government also led a technical consultation on Income Inclusion Rule draft legislation published on gov.uk at <a href="https://www.gov.uk/government/publications/introduction-of-the-new-multinational-top-up-tax" target="_blank"><em>https://www.gov.uk/government/publications/introduction-of-the-new-multinational-top-up-tax</em></a><em>.</em></p><p>Following consultation, the Government confirmed at Autumn Statement 2022 that it will implement the OECD Pillar 2 rules for accounting periods beginning on or after 31 December 2023.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 31/01/2023 15:13:03 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4066 label Biography information for Priti Patel

1664986

	registered interest
	date	16/10/2023
	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, what progress he has made on implementation of OECD Pillar 2 on corporation tax; and if he will make an assessment of the potential economic impact of that implementation.
	tabling member constituency	Witham
	tabling member printed	Priti Patel
	uin	202680
	answer	answer is ministerial correction date of answer 24/10/2023 answer text <p>The government has legislated for the Pillar 2 Multinational top-up tax (MTT) and Domestic top-up tax (DTT) for implementation from 31 December 2023.</p><p> </p><p>An updated Tax Impact and Information Note and costing were published at Spring Budget 2023. An update on the latest revenue forecast from the OBR and a status update on international implementation will be provided at Autumn Statement 2023.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 24/10/2023 11:57:12 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4066 label Biography information for Priti Patel

1491664

	registered interest
	date	21/07/2022
	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, if he will make an assessment of the potential impact on the UK economy of (a) cancelling his planned corporation tax rise from 19% to 25% and (b) reducing that rate to 15%.
	tabling member constituency	Ilford South
	tabling member printed	Sam Tarry
	uin	42273
	answer	answer is ministerial correction date of answer 14/09/2022 answer text <p>The UK’s main rate of Corporation Tax is currently legislated to increase from 19 per cent to 25 per cent from April 2023. The Prime Minister has committed to cancel this rate increase. The Chancellor will set out any plans on tax and implementation in due course.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 14/09/2022 09:23:24 answering member 3912 label Biography information for Richard Fuller
	tabling member	4829 label Biography information for Sam Tarry