Corporation Tax

Treasury written question – answered on 22nd September 2020.

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Photo of Baroness Kennedy of Cradley Baroness Kennedy of Cradley Non-affiliated

To ask Her Majesty's Government what support are they giving to the Fair Tax Mark certification scheme.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

The Government is committed to ensuring all businesses pay their fair share of tax in the UK and has taken significant steps to ensure that this objective is realised. This includes introducing the Diverted Profits Tax in 2015, the Interest Restriction Rules in 2017, and the Digital Services Tax from April 2020.

HM Revenue & Customs (HMRC) are responsible for the administration of the UK tax system. HMRC use the most appropriate, cost-effective, and high-impact methods to support all taxpayers in complying with their obligations, and impose sanctions on those who do not.

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