Retail Trade: Corporation Tax
(asked on 10th September 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to ensure that online retail businesses pay corporate taxation (1) at similar levels to high street retailers, and (2) which is relative to profits.
This question was answered on 22nd September 2020
Corporation tax is charged on profits that businesses generate from the activities they undertake in the UK.
Significant measures have been put in place to counter arrangements designed to shift profits derived from UK activities overseas.
Furthermore, the UK is actively involved in continuing OECD discussions which aim to deliver a fairer and more sustainable approach to the taxation of highly digital businesses.