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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

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