Multinational Companies: Taxation
Commons · Question 4336 · Tabled 29 May 2026 · Treasury · Official record
Answered 8 Jun 2026
Question
Asked by James Wild
To ask the Chancellor of the Exchequer, with reference to her Oral Statement of 21 May 2026 on Middle East: Economic Response, Official Report, columns 731-733, how she intends to legislate for the proposed changes to the taxation of foreign branch profit
Answer
Answered by Dan Tomlinson, 8 Jun 2026
The reforms to the taxation of foreign branch profits will ensure that profit attributable to UK activities is effectively taxed in the UK. The reforms are expected to raise hundreds of millions of pounds per year, supporting the Government's package of e...