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1050282
star this property registered interest false more like this
star this property date less than 2019-01-28more like thisremove minimum value filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Corporation Tax more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Harrow West more like this
star this property tabling member printed
Gareth Thomas remove filter
unstar this property uin 213170 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-01-31more like thismore than 2019-01-31
star this property 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> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-01-31T15:21:07.01Zmore like thismore than 2019-01-31T15:21:07.01Z
star this property answering member
3935
star this property label Biography information for Mel Stride remove filter
star this property tabling member
177
unstar this property label Biography information for Gareth Thomas more like this
1050281
star this property registered interest false more like this
star this property date less than 2019-01-28more like thisremove minimum value filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Tax Avoidance more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether he will bring forward legislative proposals to make it an offence for an organisation offering audit services to sell tax avoidance schemes; and if he will make a statement. more like this
star this property tabling member constituency Harrow West more like this
star this property tabling member printed
Gareth Thomas remove filter
unstar this property uin 213169 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-01-31more like thismore than 2019-01-31
star this property answer text <p>The Government is committed to tackling tax avoidance and ensuring that companies and individuals pay their fair share of tax.</p><p> </p><p>HMRC has a suite of powers to tackle and challenge those who promote or otherwise enable tax avoidance. Those who design, sell, manage or otherwise promote tax avoidance schemes face a range of sanctions including penalties if they fail to disclose their schemes to HMRC where required to do so under the Disclosure of Tax Avoidance Schemes (DOTAS) regime. They can also face action under the Promoters of Tax Avoidance Schemes (POTAS) regime which includes imposing conditions on them to ensure they change their behaviour. And, if any person (not just a scheme promoter) enables another person to use abusive tax arrangements which HMRC later defeats, they could be subject to the an ‘Enabler’s’ penalty.</p><p>Under the ‘Enablers’ penalty, introduced in Finance (No. 2) Act 2017, anyone who knowingly enables another person to use an abusive tax arrangement that is later defeated by HMRC will face a penalty of 100% of the fees they have earned from that activity. This new legislation is at the forefront of HMRC work to disrupt the avoidance market, identifying both the schemes and the individuals behind them and acting quickly to challenge them. It strengthens HMRC’s tools for tackling both promoters and others who profit from enabling others to try to avoid tax.</p><p>The effectiveness of HMRC’s powers is kept under review.</p><p> </p>
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2019-01-31T15:25:10.29Zmore like thismore than 2019-01-31T15:25:10.29Z
star this property answering member
3935
star this property label Biography information for Mel Stride remove filter
star this property tabling member
177
unstar this property label Biography information for Gareth Thomas more like this