{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptId=14&min-answer.questionFirstAnswered.=2014-11-04T16%3A56%3A36.6603091Z&max-answer.dateOfAnswer=2014-11-05&max-answer.questionFirstAnswered.=2019-06-13T13%3A34%3A40.01Z", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?answeringDeptId=14&min-answer.questionFirstAnswered.=2014-11-04T16%3A56%3A36.6603091Z&max-answer.dateOfAnswer=2014-11-05&max-answer.questionFirstAnswered.=2019-06-13T13%3A34%3A40.01Z", "extendedMetadataVersion" : "http://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptId=14&min-answer.questionFirstAnswered.=2014-11-04T16%3A56%3A36.6603091Z&_metadata=all&max-answer.dateOfAnswer=2014-11-05&max-answer.questionFirstAnswered.=2019-06-13T13%3A34%3A40.01Z", "first" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&answeringDeptId=14&min-answer.questionFirstAnswered.=2014-11-04T16%3A56%3A36.6603091Z&max-answer.dateOfAnswer=2014-11-05&max-answer.questionFirstAnswered.=2019-06-13T13%3A34%3A40.01Z", "hasPart" : "http://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptId=14&min-answer.questionFirstAnswered.=2014-11-04T16%3A56%3A36.6603091Z&max-answer.dateOfAnswer=2014-11-05&max-answer.questionFirstAnswered.=2019-06-13T13%3A34%3A40.01Z", "isPartOf" : "http://eldaddp.azurewebsites.net/answeredquestions.text?answeringDeptId=14&min-answer.questionFirstAnswered.=2014-11-04T16%3A56%3A36.6603091Z&max-answer.dateOfAnswer=2014-11-05&max-answer.questionFirstAnswered.=2019-06-13T13%3A34%3A40.01Z", "items" : [{"_about" : "http://data.parliament.uk/resources/101795", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101795/answer", "answerText" : {"_value" : "

The Government takes the enforcement of the National Minimum Wage very seriously. HM Revenue and Customs (HMRC) review every complaint that is referred to them by the Pay and Work Rights Helpline.<\/p>

<\/p>

<\/p>

<\/p>

Within that obligation, HMRC work to priorities agreed with the Department for Business, Innovation and Skills (BIS). To identify sectors where non-payment of National Minimum Wage is more likely HMRC and BIS analyse numbers of complaints and incidences of non-compliance and take account of information from, for example, other Government Departments, Trade Union representatives and the Low Pay Commission . Using this information, and often in conjunction with other Government Departments, HMRC have undertaken targeted enforcement on areas such as the care sector, car washes and the retail sector, amongst others.<\/p>

<\/p>

<\/p>

<\/p>

However, HMRC, including National Minimum Wage officials, undertake joint working with the police, Home Office and local authorities across the country. HMRC\u2019s collaboration has assisted in identifying instances of slavery and servitude in some of these operations.<\/p>

<\/p>

<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1529", "label" : {"_value" : "Biography information for Mr David Gauke"} } , "answeringMemberConstituency" : {"_value" : "South West Hertfordshire"} , "answeringMemberPrinted" : {"_value" : "Mr David Gauke"} , "dateOfAnswer" : {"_value" : "2014-11-04", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "212651"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-04T17:11:31.0795978Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Minimum Wage"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, what criteria is used to establish whether a sector is high-risk in terms of non-compliance with the national minimum wage; and which sectors are so defined.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4058", "label" : {"_value" : "Biography information for Paul Blomfield"} } , "tablingMemberConstituency" : {"_value" : "Sheffield Central"} , "tablingMemberPrinted" : [{"_value" : "Paul Blomfield"} ], "uin" : "212652"} , {"_about" : "http://data.parliament.uk/resources/101797", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101797/answer", "answerText" : {"_value" : "

The Government takes the enforcement of the National Minimum Wage very seriously. HM Revenue and Customs (HMRC) review every complaint that is referred to them by the Pay and Work Rights Helpline.<\/p>

<\/p>

<\/p>

<\/p>

Within that obligation, HMRC work to priorities agreed with the Department for Business, Innovation and Skills (BIS). To identify sectors where non-payment of National Minimum Wage is more likely HMRC and BIS analyse numbers of complaints and incidences of non-compliance and take account of information from, for example, other Government Departments, Trade Union representatives and the Low Pay Commission . Using this information, and often in conjunction with other Government Departments, HMRC have undertaken targeted enforcement on areas such as the care sector, car washes and the retail sector, amongst others.<\/p>

<\/p>

<\/p>

<\/p>

However, HMRC, including National Minimum Wage officials, undertake joint working with the police, Home Office and local authorities across the country. HMRC\u2019s collaboration has assisted in identifying instances of slavery and servitude in some of these operations.<\/p>

<\/p>

<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1529", "label" : {"_value" : "Biography information for Mr David Gauke"} } , "answeringMemberConstituency" : {"_value" : "South West Hertfordshire"} , "answeringMemberPrinted" : {"_value" : "Mr David Gauke"} , "dateOfAnswer" : {"_value" : "2014-11-04", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "212652"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-04T17:11:31.1740741Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Human Trafficking"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, what training is provided to national minimum wage inspectors to identify cases of trafficking.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4058", "label" : {"_value" : "Biography information for Paul Blomfield"} } , "tablingMemberConstituency" : {"_value" : "Sheffield Central"} , "tablingMemberPrinted" : [{"_value" : "Paul Blomfield"} ], "uin" : "212651"} , {"_about" : "http://data.parliament.uk/resources/101799", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101799/answer", "answerText" : {"_value" : "

The Treasury is committed to improving the energy efficiency of the Department\u2019s estate and reducing energy consumption year on year. LED lighting has already been introduced in leasehold premises occupied by part of the Treasury Group. We have introduced energy efficient fluorescent lighting in the Treasury main building on Horse Guards Road.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4117", "label" : {"_value" : "Biography information for Andrea Leadsom"} } , "answeringMemberConstituency" : {"_value" : "South Northamptonshire"} , "answeringMemberPrinted" : {"_value" : "Andrea Leadsom"} , "dateOfAnswer" : {"_value" : "2014-11-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-05T17:00:42.9056662Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Lighting"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will make it his policy to implement a replacement programme to introduce LED lighting throughout his Department's buildings and sites; if he will estimate the proportion of lighting in his Department which is LED; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/35", "label" : {"_value" : "Biography information for Sir Bob Russell"} } , "tablingMemberConstituency" : {"_value" : "Colchester"} , "tablingMemberPrinted" : [{"_value" : "Sir Bob Russell"} ], "uin" : "212632"} , {"_about" : "http://data.parliament.uk/resources/101800", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101800/answer", "answerText" : {"_value" : "

Bitcoin itself is not regulated. However, the UK\u2019s regulatory perimeter in relation to derivatives is wide and would capture Bitcoin and digital currency derivatives that were futures, options or contracts for difference.<\/p>

<\/p>

<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4117", "label" : {"_value" : "Biography information for Andrea Leadsom"} } , "answeringMemberConstituency" : {"_value" : "South Northamptonshire"} , "answeringMemberPrinted" : {"_value" : "Andrea Leadsom"} , "dateOfAnswer" : {"_value" : "2014-11-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-05T16:57:59.872841Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Currencies"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 24 February 2014, to the hon. Member for Vale of Glamorgan, Official Report, column 26W, on Bitcoin, what his policy is on the regulation of Bitcoin derivatives and other securities paired to digital currencies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1414", "label" : {"_value" : "Biography information for Mr Mark Hoban"} } , "tablingMemberConstituency" : {"_value" : "Fareham"} , "tablingMemberPrinted" : [{"_value" : "Mr Mark Hoban"} ], "uin" : "212665"} , {"_about" : "http://data.parliament.uk/resources/101801", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101801/answer", "answerText" : {"_value" : "

On 3 November the Treasury published a Call for Information, focused on the potential benefits and risks of digital currencies and looking into whether digital currencies could or should be regulated in the UK.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4117", "label" : {"_value" : "Biography information for Andrea Leadsom"} } , "answeringMemberConstituency" : {"_value" : "South Northamptonshire"} , "answeringMemberPrinted" : {"_value" : "Andrea Leadsom"} , "dateOfAnswer" : {"_value" : "2014-11-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-05T16:59:05.6616931Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Cryptocurrencies"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, with reference to his speech of 6 August 2014 on FinTech, what progress his Department has made on its programme of work exploring the potential of virtual currencies and digital money.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1414", "label" : {"_value" : "Biography information for Mr Mark Hoban"} } , "tablingMemberConstituency" : {"_value" : "Fareham"} , "tablingMemberPrinted" : [{"_value" : "Mr Mark Hoban"} ], "uin" : "212668"} , {"_about" : "http://data.parliament.uk/resources/101802", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101802/answer", "answerText" : {"_value" : "

On 3 November the Treasury published a Call for Information on digital currencies. This Call for Information asks whether there are currently barriers to digital currency businesses setting up in the UK, and will consider access to UK bank accounts as part of this.<\/p>

<\/p>

<\/p>

<\/p>

In October, the Financial Conduct Authority launched its Innovation Hub to provide support to innovative businesses. It has identified helping innovators access bank accounts as an area of priority.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4117", "label" : {"_value" : "Biography information for Andrea Leadsom"} } , "answeringMemberConstituency" : {"_value" : "South Northamptonshire"} , "answeringMemberPrinted" : {"_value" : "Andrea Leadsom"} , "dateOfAnswer" : {"_value" : "2014-11-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-05T16:56:46.7729547Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Currencies"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will make an assessment of the ability of businesses using digital currencies to open a UK bank account.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1414", "label" : {"_value" : "Biography information for Mr Mark Hoban"} } , "tablingMemberConstituency" : {"_value" : "Fareham"} , "tablingMemberPrinted" : [{"_value" : "Mr Mark Hoban"} ], "uin" : "212669"} , {"_about" : "http://data.parliament.uk/resources/101803", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101803/answer", "answerText" : {"_value" : "

The government does not publish forecasts of long term house building by region or constituency. However the Office for Budget Responsibility (OBR) includes housing market projections in its Economic and Fiscal Outlook. The next estimates are to be released on the 3rd<\/sup> December.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4117", "label" : {"_value" : "Biography information for Andrea Leadsom"} } , "answeringMemberConstituency" : {"_value" : "South Northamptonshire"} , "answeringMemberPrinted" : {"_value" : "Andrea Leadsom"} , "dateOfAnswer" : {"_value" : "2014-11-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-05T15:50:36.9515462Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Housing: Construction"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, what forecasts he has made of the long-term trends in house-building in each region and constituent part of the UK.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1388", "label" : {"_value" : "Biography information for Lord Dodds of Duncairn"} } , "tablingMemberConstituency" : {"_value" : "Belfast North"} , "tablingMemberPrinted" : [{"_value" : "Mr Nigel Dodds"} ], "uin" : "212748"} , {"_about" : "http://data.parliament.uk/resources/101529", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101529/answer", "answerText" : {"_value" : "

This Government has taken a number of major steps to strengthen monitoring and regulation of the banking sector.<\/p>

<\/p>

<\/p>

<\/p>

The Financial Services Act 2012 put in place two new, properly focussed financial regulators, the Prudential Regulation Authority (PRA) - a subsidiary of the Bank of England - the Financial Conduct Authority (FCA), as part of a new approach to financial regulation. The new regulators started work on 1 April 2013.<\/p>

<\/p>

<\/p>

<\/p>

The Government\u2019s new approach to financial regulation enables the PRA to concentrate on monitoring the health of UK banks to ensure that they are prudently and competently managed and to reduce the risk that the practices of UK banks will lead to serious financial failure. At the same time, the FCA can concentrate on monitoring the practices of UK banks and other financial services businesses in their dealing with ordinary retail customers and in wholesale financial markets, to reduce the risk that the practices in the banking sector are detrimental to consumers or competition, or threaten the integrity of financial markets.<\/p>

<\/p>

<\/p>

<\/p>

On 12 June 2014, the Government announced the Fair and Effective Markets Review, which is a joint review by HM Treasury, the Bank of England, and the Financial Conduct Authority (FCA) into the way wholesale financial markets operate. The Government is determined to take action to help restore trust and integrity and to ensure that the highest standards are expected of those who operate in these markets. It is important that this is done in a way that preserves the UK\u2019s position as the global financial centre for many of these markets. The Review published its consultation document \u201cHow fair and effective are the fixed income, foreign exchange and commodities markets?\u201d on 27 October, and the Government looks forward to the review\u2019s final recommendations in June 2015.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4117", "label" : {"_value" : "Biography information for Andrea Leadsom"} } , "answeringMemberConstituency" : {"_value" : "South Northamptonshire"} , "answeringMemberPrinted" : {"_value" : "Andrea Leadsom"} , "dateOfAnswer" : {"_value" : "2014-11-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-05T16:50:46.5086619Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, what steps he has taken to monitor practices in the banking sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/655", "label" : {"_value" : "Biography information for Lord McCrea of Magherafelt and Cookstown"} } , "tablingMemberConstituency" : {"_value" : "South Antrim"} , "tablingMemberPrinted" : [{"_value" : "Dr William McCrea"} ], "uin" : "212470"} , {"_about" : "http://data.parliament.uk/resources/101531", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101531/answer", "answerText" : {"_value" : "

The UK is at the forefront of multilateral action through the G8, G20, European Union and OECD to tackle this issue of corporate tax avoidance. The UK used its Presidency of the G8 to successfully build international support for this work.<\/p>

<\/p>

<\/p>

<\/p>

Work is now underway at the OECD, in the form of the Base Erosion and Profit Shifting (BEPS) project. The BEPS project is the most comprehensive reform of the international tax rules with the aim of ensuring that multinational enterprises pay their fair share of tax, in the jurisdictions where their economic activity is located. The project has 44 participant countries, 21 of which are within the EU.<\/p>

<\/p>

<\/p>

<\/p>

At the UK\u2019s Lough Erne summit in June 2013 the G8 leaders confirmed their support for the ongoing G20/OECD work.<\/p>

<\/p>

<\/p>

<\/p>

At their September 2013 summit in St Petersburg, the G20 Leaders fully endorsed the ambitious and comprehensive BEPS Action Plan set out over 2014 and 2015.<\/p>

<\/p>

<\/p>

<\/p>

The first phase of the BEPS project is now complete, with participants reaching agreement on seven reports which have been produced by the OECD and endorsed by G20 Finance Ministers.<\/p>

<\/p>

The G8 called on the OECD to develop a common template for multinationals to report profit and tax information to tax authorities to help assess risks. This work was included in the BEPS Action Plan (action 13) and was one of seven outputs achieved in 2014.<\/p>

<\/p>

<\/p>

<\/p>

Subsequently, the UK announced that it would be the first of 44 countries to formally commit to implementing the newly agreed BEPS output of a country-by-country reporting template.<\/p>

<\/p>

<\/p>

<\/p>

Discussions are ongoing in G20 Finance Minister\u2019s and ECOFIN meetings to ensure that the momentum of the BEPS project is maintained, so that the project is completed successfully and on time.<\/p>

<\/p>

<\/p>

<\/p>

Further to the BEPS project, international work with G20 and EU counterparts is ongoing with the Automatic Exchange of Information policy.<\/p>

<\/p>

<\/p>

<\/p>

The UK put tax transparency at the heart of its presidency of the G8, calling for the creation of a new global standard on automatic tax information exchange to tackle offshore tax evasion. The new global standard was developed by the OECD and agreed in July 2014. At the March European Council leaders committed to implement the standard in the EU through agreement of the amended Administrative Co-operation Directive, which they aim to agree by the end of the year.<\/p>

<\/p>

<\/p>

<\/p>

In total 92 countries and have now committed to implement the new global standard, with the first information exchanged no later than 2018. This includes all EU Member States, all of the UK\u2019s Crown Dependencies and Overseas Territories with a financial centre and the majority of the world\u2019s financial centres. Of these countries and jurisdictions, 51 have already signed an international agreement to implement the standard.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1529", "label" : {"_value" : "Biography information for Mr David Gauke"} } , "answeringMemberConstituency" : {"_value" : "South West Hertfordshire"} , "answeringMemberPrinted" : {"_value" : "Mr David Gauke"} , "dateOfAnswer" : {"_value" : "2014-11-05", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "212453"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-05T17:58:27.155082Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Tax Avoidance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, what recent discussions he has had with his EU counterparts about measures to reduce tax avoidance; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3929", "label" : {"_value" : "Biography information for Simon Kirby"} } , "tablingMemberConstituency" : {"_value" : "Brighton, Kemptown"} , "tablingMemberPrinted" : [{"_value" : "Simon Kirby"} ], "uin" : "212452"} , {"_about" : "http://data.parliament.uk/resources/101532", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/101532/answer", "answerText" : {"_value" : "

The UK is at the forefront of multilateral action through the G8, G20, European Union and OECD to tackle this issue of corporate tax avoidance. The UK used its Presidency of the G8 to successfully build international support for this work.<\/p>

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<\/p>

Work is now underway at the OECD, in the form of the Base Erosion and Profit Shifting (BEPS) project. The BEPS project is the most comprehensive reform of the international tax rules with the aim of ensuring that multinational enterprises pay their fair share of tax, in the jurisdictions where their economic activity is located. The project has 44 participant countries, 21 of which are within the EU.<\/p>

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<\/p>

At the UK\u2019s Lough Erne summit in June 2013 the G8 leaders confirmed their support for the ongoing G20/OECD work.<\/p>

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<\/p>

At their September 2013 summit in St Petersburg, the G20 Leaders fully endorsed the ambitious and comprehensive BEPS Action Plan set out over 2014 and 2015.<\/p>

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<\/p>

The first phase of the BEPS project is now complete, with participants reaching agreement on seven reports which have been produced by the OECD and endorsed by G20 Finance Ministers.<\/p>

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The G8 called on the OECD to develop a common template for multinationals to report profit and tax information to tax authorities to help assess risks. This work was included in the BEPS Action Plan (action 13) and was one of seven outputs achieved in 2014.<\/p>

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<\/p>

Subsequently, the UK announced that it would be the first of 44 countries to formally commit to implementing the newly agreed BEPS output of a country-by-country reporting template.<\/p>

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Discussions are ongoing in G20 Finance Minister\u2019s and ECOFIN meetings to ensure that the momentum of the BEPS project is maintained, so that the project is completed successfully and on time.<\/p>

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Further to the BEPS project, international work with G20 and EU counterparts is ongoing with the Automatic Exchange of Information policy.<\/p>

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<\/p>

The UK put tax transparency at the heart of its presidency of the G8, calling for the creation of a new global standard on automatic tax information exchange to tackle offshore tax evasion. The new global standard was developed by the OECD and agreed in July 2014. At the March European Council leaders committed to implement the standard in the EU through agreement of the amended Administrative Co-operation Directive, which they aim to agree by the end of the year.<\/p>

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<\/p>

<\/p>

In total 92 countries and have now committed to implement the new global standard, with the first information exchanged no later than 2018. This includes all EU Member States, all of the UK\u2019s Crown Dependencies and Overseas Territories with a financial centre and the majority of the world\u2019s financial centres. Of these countries and jurisdictions, 51 have already signed an international agreement to implement the standard.<\/p>

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