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1006208

	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	Tobacco: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what effect has plain packaging had on the tax received from tobacco duty receipts in each financial year since that policy was introduced.
	tabling member constituency	Romford
	tabling member printed	Andrew Rosindell
	uin	190817
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>There has been a long term reduction in annual tobacco duty receipts, driven by above-RPI increases in duty and changing attitudes to smoking. As shown in the published Tobacco Bulletin July 2018.</p><p> </p><p>In their November 2016 Economic and fiscal outlook the Office of Budget Responsibility revised their estimates of the underlying downward trend in clearances of tobacco. This was to account for various factors including weakness in tobacco receipts and the expected effects of the Tobacco Products Directive. Paragraph 4.75 noted that the effect on receipts from the introduction of standardised tobacco packaging is assumed to be captured by this downward trend in clearances across the forecast period.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 21/11/2018 16:48:12 answering member 4320 label Biography information for Robert Jenrick
	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