Asked by: Alex Burghart (Conservative - Brentwood and Ongar)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what effect the reduction in corporation tax rates has had on receipts from that tax.
Answered by Mel Stride - Secretary of State for Work and Pensions
Since 2010, the headline corporation tax rate has been cut from 28 to 19 percent.
Despite that, onshore corporation tax receipts have increased by over 50 percent, from £36.2 billion in 2010-11 to £55.1 billion in 2016-17.
Asked by: Alex Burghart (Conservative - Brentwood and Ongar)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the revenue that would be generated by introducing VAT on private school fees.
Answered by Mel Stride - Secretary of State for Work and Pensions
Private school fees are currently exempt from VAT. This is in line with EU law, which does not enable us to apply VAT to all private school fees. Until we have left the EU, the UK will remain a member of the EU with all of the rights and obligations that membership entails.