Retail Trade: Corporation Tax

Treasury written question – answered on 22nd September 2020.

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Photo of Baroness Bennett of Manor Castle Baroness Bennett of Manor Castle Green

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.

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

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.

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