Multinational Companies: Taxation

(asked on 31st January 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Autumn Statement 2022, pg. 60, Line 33, what calculations his Department used to establish the figure of £2.11 billion of revenue in 2024-25 from implementation of the global minimum corporate tax reforms; and if he will place a copy of those calculations in the Library of the House.


Answered by
Victoria Atkins Portrait
Victoria Atkins
Secretary of State for Health and Social Care
This question was answered on 8th February 2023

The process for estimating the Exchequer yield from implementation of Pillar 2 policy in the UK can be found in the Autumn Budget 2022: Policy Costings, available at https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1118364/Autumn_Statement_2022_Policy_Costings_.pdf.

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