Offshore receipts in respect of intangible property<\/em> measure targets multinational groups that realise intangible property income from UK sales in low or no-tax jurisdictions.<\/p> <\/p>
The government has been clear that this measure will be applied in compliance with the UK\u2019s international obligations. This means that the measure will only apply to low-tax jurisdictions with which the UK does not have a full tax treaty.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"}
}
, "answeringMemberConstituency" : {"_value" : "Central Devon"}
, "answeringMemberPrinted" : {"_value" : "Mel Stride"}
, "dateOfAnswer" : {"_value" : "2019-04-23", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-04-23T15:51:38.017Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-04-09", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Multinational Companies: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, which jurisdictions will be within the scope of the offshore receipts in relation to the intangible property measure in the Finance Act 2019.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4657", "label" : {"_value" : "Biography information for Anneliese Dodds"}
}
, "tablingMemberConstituency" : {"_value" : "Oxford East"}
, "tablingMemberPrinted" : [{"_value" : "Anneliese Dodds"}
], "uin" : "242951"}
, {"_about" : "http://data.parliament.uk/resources/1109704", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1109704/answer", "answerText" : {"_value" : "
The Chancellor has regular discussions with his international counterparts on matters relating to international tax policy.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"}
}
, "answeringMemberConstituency" : {"_value" : "Central Devon"}
, "answeringMemberPrinted" : {"_value" : "Mel Stride"}
, "dateOfAnswer" : {"_value" : "2019-04-09", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-04-09T16:09:12.443Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-04-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Multinational Companies: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what discussions he has had with his international counterparts on the implementation of measures relating to offshore receipts in respect of intangible property.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4657", "label" : {"_value" : "Biography information for Anneliese Dodds"}
}
, "tablingMemberConstituency" : {"_value" : "Oxford East"}
, "tablingMemberPrinted" : [{"_value" : "Anneliese Dodds"}
], "uin" : "241089"}
, {"_about" : "http://data.parliament.uk/resources/1078512", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1078512/answer", "answerText" : {"_value" : "
HMRC does not keep a central record that shows which companies with assets over £2 billion or a turnover of over £200 million have published their tax strategies.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"}
}
, "answeringMemberConstituency" : {"_value" : "Central Devon"}
, "answeringMemberPrinted" : {"_value" : "Mel Stride"}
, "dateOfAnswer" : {"_value" : "2019-03-04", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-03-04T17:18:57.983Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-02-27", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Multinational Companies: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, how many companies with (a) assets over £2 billion or (b) a turnover of over £200 million have published their tax strategy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4397", "label" : {"_value" : "Biography information for Peter Dowd"}
}
, "tablingMemberConstituency" : {"_value" : "Bootle"}
, "tablingMemberPrinted" : [{"_value" : "Peter Dowd"}
], "uin" : "226686"}
, {"_about" : "http://data.parliament.uk/resources/1035229", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1035229/answer", "answerText" : {"_value" : "
Since 2010, this government has taken unprecedented action to ensure that large multinationals pay their fair share of tax in the UK. For example, at Budget 2018, the Chancellor announced the introduction of a new Digital Services Tax (DST) from April 2020. This will raise around £1.5bn across four years.<\/p>
<\/p>
At the same time, the government remains committed to keeping taxes low for working people. A typical basic rate taxpayer will pay £1,200 less in tax in 2019-20 than in 2010, and we\u2019ve announced plans to freeze fuel duty for the ninth year in a row.<\/p>
<\/p>
The government will continue to keep all tax policy under review.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"}
}
, "answeringMemberConstituency" : {"_value" : "Central Devon"}
, "answeringMemberPrinted" : {"_value" : "Mel Stride"}
, "dateOfAnswer" : {"_value" : "2019-01-14", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-01-14T14:47:51.683Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-01-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Multinational Companies: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of increasing taxes on global corporations and using any additional revenue raised to the public purse to reduce taxes for families.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/350", "label" : {"_value" : "Biography information for Sir John Hayes"}
}
, "tablingMemberConstituency" : {"_value" : "South Holland and The Deepings"}
, "tablingMemberPrinted" : [{"_value" : "Sir John Hayes"}
], "uin" : "205185"}
, {"_about" : "http://data.parliament.uk/resources/1024271", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1024271/answer", "answerText" : {"_value" : "
The Government has taken significant steps, domestically and internationally, to ensure that multinationals pay the right amount of tax in the UK.<\/p>
<\/p>
The UK has led on initiating the OECD Base Erosion and Profit Shifting project and in delivering its recommendations into domestic legislation, for example the corporate interest restriction.<\/p>
<\/p>
In April 2015, the Government introduced the Diverted Profits Tax which seeks to counter contrived arrangements used to divert profits away from the UK.<\/p>
<\/p>
At Budget 2018, the Chancellor announced the introduction of the Digital Services Tax, intended to ensure that digital businesses pay UK tax which reflects the value they derive from UK users.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/1091", "label" : {"_value" : "Biography information for Lord Bates"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Bates"}
, "dateOfAnswer" : {"_value" : "2018-12-20", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-12-20T14:39:12.9Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2018-12-12", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Multinational Companies: Taxation"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what steps they are taking to collect more tax revenue from large multinational companies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL12265"}
, {"_about" : "http://data.parliament.uk/resources/993599", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/993599/answer", "answerText" : {"_value" : "
As a matter of corporation tax policy, with the aim of improving financial stability, the UK allows certain deductions for the costs of regulatory capital. The exemption referred to helps to ensure that the Hybrid and Other Mismatch Rules act in a way consistent with this policy. As such, there is no question of any tax revenue being \u201clost\u201d as a result of the exemption.<\/p>
It is not possible to provide details of the tax effect arising from the exemption for regulatory capital in section 259N(3)(b), Chapter 8, Part 6A of the Taxation (International and other Provisions) Act 2010.<\/p>
The Hybrid and other mismatches regime came into force on 1 January 2017. The majority of corporation tax returns which will reflect the impact of these rules have not yet been received.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"}
}
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, "answeringMemberPrinted" : {"_value" : "Mel Stride"}
, "dateOfAnswer" : {"_value" : "2018-10-26", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2018-10-26T13:46:56.767Z", "_datatype" : "dateTime"}
]}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2018-10-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Multinational Companies: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, how much revenue was lost to the public purse as a result of the exemption for regulatory capital in section 259N(3)(b) Chapter 8 Part 6A Taxation (International and Other Provisions) Act 2010 in each year since the introduction of that exemption.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4657", "label" : {"_value" : "Biography information for Anneliese Dodds"}
}
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, "tablingMemberPrinted" : [{"_value" : "Anneliese Dodds"}
], "uin" : "182824"}
, {"_about" : "http://data.parliament.uk/resources/987760", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/987760/answer", "answerText" : {"_value" : "
This measure ensures that the UK hybrid and other mismatch rules are fully compliant with the Anti-Tax Avoidance Directive, ATAD. No estimate has been made in relation to the number of additional companies that may be within scope of the hybrid mismatch rules as a result of this proposed amendment. Clause 38 introduces a minor change to the rules in relation to permanent establishments. The expected yield from this change is negligible. HMRC are not aware of current schemes or arrangements which would fall within the scope of the hybrid mismatch rules as a result of this proposed change to Chapter 8 of Part 6A TIOPA 2010. In addition, the existing hybrid mismatch rules already deal with the majority of mismatches involving permanent establishments.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"}
}
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, "answeringMemberPrinted" : {"_value" : "Mel Stride"}
, "dateOfAnswer" : {"_value" : "2018-10-18", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-10-18T12:55:45.46Z", "_datatype" : "dateTime"}
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, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2018-10-15", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Multinational Companies: Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, what estimate he has made of the number of additional companies that will be within scope of Chapter 8 of Part 6A of the Taxation (International and Other Provisions) Act 2010 in the event that new subsection 259HA(5)(b) is added as set out in clause 38 of the draft Finance Bill.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4657", "label" : {"_value" : "Biography information for Anneliese Dodds"}
}
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, "tablingMemberPrinted" : [{"_value" : "Anneliese Dodds"}
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