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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

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

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

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

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

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

1303019

registered interest
date	16/03/2021
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 the level of outstanding refunds of corporation tax is at 16 March 2021; and what assessment he has made of the performance of HMRC against its target timetable for making such repayments.
tabling member constituency	New Forest West
tabling member printed	Sir Desmond Swayne
uin	169776
answer	answer is ministerial correction date of answer 22/03/2021 answer text <p>Information in the form requested is not readily available and could only be obtained at disproportionate cost.</p><p> </p><p>Like other service organisations, HMRC have been affected by the pandemic and are doing all they can to offer the best possible service to their customers, whether supporting them with their taxes or delivering the Government’s support schemes. HMRC are sorry for delays and will continue to prioritise Corporation Tax repayments, ensuring taxpayers receive moneys due as quickly as possible during this exceptional time.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 22/03/2021 11:38:16 answering member 3991 label Biography information for Jesse Norman
tabling member	55 label Biography information for Sir Desmond Swayne

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