Supporting businesses and helping them to invest, create jobs and to grow is a key part of the Government\u2019s long term economic plan. Since 2010 we have already cut Corporation Tax (CT) from 28% to 21%, and next year it will fall to 20% - the joint lowest rate in the G20. The Government has also cut the small profits rate to 20%. Overall these CT cuts for large and small firms will be worth £9.5bn a year to business by 2016.<\/p>
<\/p>
<\/p>
<\/p>
HM Treasury has not estimated the number of jobs reshored.<\/p>
<\/p>
<\/p>
<\/p>
We will continue to work to ensure that the tax system in the UK remains competitive and enables us to attract business investment.<\/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"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-11-04T16:46:42.492848Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2014-10-27", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Corporation Tax"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, how many (a) company headquarters and (b) jobs have been reshored in the UK since the reduction in corporation tax rates.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1586", "label" : {"_value" : "Biography information for Adam Afriyie"} } , "tablingMemberConstituency" : {"_value" : "Windsor"} , "tablingMemberPrinted" : [{"_value" : "Adam Afriyie"} ], "uin" : "211930"} , {"_about" : "http://data.parliament.uk/resources/93644", "AnsweringBody" : [{"_value" : "Northern Ireland Office"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/93644/answer", "answerText" : {"_value" : "
In \u2018Building a Prosperous and United Community\u2019<\/em> the Government committed to make a decision on whether to devolve corporation tax powers to Northern Ireland no later than Autumn Statement 2014. Significant legislative and technical work has taken place to date and we remain on track to meet this timetable.<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/1500", "label" : {"_value" : "Biography information for Theresa Villiers"}
}
, "answeringMemberConstituency" : {"_value" : "Chipping Barnet"}
, "answeringMemberPrinted" : {"_value" : "Mrs Theresa Villiers"}
, "dateOfAnswer" : {"_value" : "2014-10-20", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-10-20T14:15:34.987616Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "21"}
, "answeringDeptShortName" : {"_value" : "Northern Ireland"}
, "answeringDeptSortName" : {"_value" : "Northern Ireland"}
, "date" : {"_value" : "2014-10-15", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Corporation Tax"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Northern Ireland, what progress she has made on the Government's plan to devolve corporation tax to the Northern Ireland Assembly.", "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" : "210767"}
, {"_about" : "http://data.parliament.uk/resources/89987", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/89987/answer", "answerText" : {"_value" : " There is no restriction on the level of charitable trading a charity may carry out, and any profits are exempt from tax so long as the profits are used for wholly charitable purposes. When charities carry out non-charitable trading there is a corporation tax exemption so long as the trading receipts are no more than £50,000 a year and represent no more than 25% of the charity\u2019s incoming resources.<\/p> <\/p> Charities that wish to carry out non-charitable trading above these limits can set up and trade through a subsidiary trading company, which protects the charity from the possibility of trading losses. The subsidiary can then use corporate Gift Aid to pass any profits back to the parent charity without incurring a corporation tax charge.<\/p> <\/p> There is a similar exemption from tax on trading income for Community Amateur Sports Clubs, which is currently set at £30,000. The Government has announced this threshold will be raised to £50,000, to align with the charity small -scale trading exemption.<\/p> <\/p> <\/p> <\/p> <\/p> <\/p> The Government has no further plans to raise these thresholds which allow charities to undertake small scale non-charitable trading without the administrative burden of setting up a trading subsidiary. However, as with all reliefs and exemptions we continue to keep the exemption for small-scale trading under review.<\/p> <\/p> Unincorporated associations are taxed as companies and have no specific corporation tax exemptions. In the same way as other companies, they are chargeable to corporation tax and are eligible for the same reliefs.<\/p> <\/p> The only exception to this rule concerns clubs and unincorporated organisations with very small tax liabilities, which are run exclusively for the benefit of their members and whose annual Corporation Tax liability is not expected to exceed £100. In this case, HMRC will treat the organisation as dormant.<\/p> <\/p> With regards to the representations received on these matters, Treasury Ministers and officials receive and consider a wide variety of representations from organisations in the public and private sectors as part of the process of policy development and delivery.<\/p> <\/p> The Treasury publishes a list of ministerial meetings with external organisations. This is available online at:<\/p>