Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect on UK tax revenues of the changes proposed in the OECD's Two-pillar approach to address the tax challenges arising from the digitalisation of the economy.

Securing a global solution to the tax challenges posed by digitalisation remains a priority for the Government.

The Government continues to play an active role in shaping the proposals under consideration within the OECD, with a view to delivering an enduring multilateral solution that works in the UK’s long-term fiscal and economic interests.