Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 5 December 2023 to Question 3785 on Corporation Tax: International Cooperation, when he next plans to (a) review and (b) make an assessment of the potential impact on (i) UK-based businesses and (ii) foreign direct investment of implementation of the OECD Pillar 2 minimum corporation tax measures.

Tax Information and Impact notes will be published alongside any future legislation on Pillar 2 in a Finance Bill.

As set out in my answer on 5 December, a Tax Information and Impact note was published in March 2023 which set out the impact on UK businesses of the current legislation.