Corporation Tax
(asked on 21st March 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on corporation tax receipts of UK companies creating headquarter subsidiaries in EU countries after the UK exits the EU.
This question was answered on 29th March 2017
Exiting the EU will present both opportunities and challenges, but the UK will remain an open country, and an attractive location to invest and do business, in part due to our competitive tax regime and access to skilled talent.
The independent Office for Budget Responsibility’s March forecast projected corporation tax receipts to increase from £53.6bn in 2016-17 to £54.7bn in 2021-22.