Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

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

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

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

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

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

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

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