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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

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

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

1134092

registered interest
date	24/06/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many companies previously registered as non-resident for corporation tax purposes in countries other than Luxembourg provided an address in Luxembourg to the Land Registry in May 2019.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	268475
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>HM Land Registry do not hold information about a company’s tax status as this is not required for land registration purposes.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 27/06/2019 11:27:55 answering member 4487 label Biography information for Kelly Tolhurst
tabling member	4088 label Biography information for Stella Creasy

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

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

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