Multinational Companies: Taxation
Commons · Question 6389 · Tabled 3 Jun 2026 · Treasury · Official record
Answered 9 Jun 2026
Question
Asked by Wendy Morton
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed reforms to the taxation of foreign branch profits on (a) tax revenues, (b) investment, (c) employment and (d) business activity in the UK oil and
Answer
Answered by Dan Tomlinson, 9 Jun 2026
These reforms will ensure that profit attributable to UK activities is effectively taxed in the UK. They are expected to raise hundreds of millions of pounds per year - helping to fund a package of economic support for households and businesses - while at...