Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 12 March 2020 to Question 27067 on Corporation Tax: Digital Technology, whether he has made an assessment 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.
The impact on UK tax revenues remains highly sensitive to the detailed design and implementation of the OECD proposals, which remain the subject of discussion.
It is therefore too early to provide a detailed assessment.
The UK will continue to work constructively with international counterparts on these proposals as they progress.