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830050

registered interest
date	24/01/2018
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 estimate his Department has made of the total sum of revenue that it has generated from the gradual reductions in the rate of corporation tax since 2010.
tabling member constituency	Hitchin and Harpenden
tabling member printed	Bim Afolami
uin	124758
answer	answer is ministerial correction date of answer 01/02/2018 answer text <p>Since 2010 the Government has reduced the rate of Corporation Tax from 28 per cent to 19 per cent today, and has announced a further reduction to 17 per cent from 1 April 2020.</p><p> </p><p>The Exchequer costs of each rate reduction are certified by the Office for Budget Responsibility. They are published in Table 2.1 of the Budget or Autumn Statement document at announcement, and Table 2.2 of subsequent Budget documents until implementation.</p><p> </p><p>Despite lowering the rate, onshore Corporation Tax revenues have increased by around 50 per cent, from £36.2 billion in 2010-11 to £54.1 billion in 2016-17, and are above their pre-crisis peak.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/02/2018 14:55:03 answering member 3935 label Biography information for Mel Stride
tabling member	4639 label Biography information for Bim Afolami

830052

registered interest
date	24/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Stamp Duty Land Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the total sum of revenue that it has generated from increases in stamp duty since 2010.
tabling member constituency	Hitchin and Harpenden
tabling member printed	Bim Afolami
uin	124759
answer	answer is ministerial correction date of answer 01/02/2018 answer text <p>The government has introduced a number of reforms to Stamp Duty Land Tax since 2010, including major reforms to the rates and overall structure of the tax, and the introduction and withdrawal of reliefs. Along with such reforms, a wide range of factors affect revenues from SDLT, including wider economic factors which impact the residential and commercial property markets.</p><p> </p><p>Where changes have been introduced, the estimates of the direct exchequer costs of these measures are available in the OBR’s policy measures database and the HM Treasury Red Book.</p><p> </p><p><a href="http://budgetresponsibility.org.uk/download/policy-measures-database/" target="_blank">http://budgetresponsibility.org.uk/download/policy-measures-database/</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/02/2018 14:53:14 answering member 3935 label Biography information for Mel Stride
tabling member	4639 label Biography information for Bim Afolami

830053

registered interest
date	24/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Taxation: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent steps his Department has taken to work with other countries and multilateral institutions on ensuring global tax transparency.
tabling member constituency	Hitchin and Harpenden
tabling member printed	Bim Afolami
uin	124760
answer	answer is ministerial correction date of answer 01/02/2018 answer text <p>The UK has taken unprecedented action on tax transparency. Thanks to UK leadership, over 100 jurisdictions have now committed to automatically exchange tax information through the Common Reporting Standard. To encourage jurisdictions to commit to tax transparency standards, the UK has supported lists of non-co-operative jurisdictions at both the G20 and EU. The UK supports work in the Global Forum on Transparency and Exchange of Information for Tax Purposes and World Bank to help implement these standards, as well as directly supporting pilot projects to implement the common reporting standard in Ghana, Pakistan, and Nigeria.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 01/02/2018 14:52:08 answering member 3935 label Biography information for Mel Stride
tabling member	4639 label Biography information for Bim Afolami