To ask the Chancellor of the Exchequer, whether international agreement on Pillar 1 of the Organisation for Economic Cooperation and Development’s base erosion and profit shifting 2.0 proposals is necessary for Pillar 2 to become operational in the UK..

To ask the Chancellor of the Exchequer, whether it is his policy that Pillar 2 of the Organisation for Economic Cooperation and Development’s Base Erosion and Profit Shifting 2.0 proposals will not become operational in the UK if international agreement is not reached on Pillar 1.

At Autumn Statement 2022, the Government confirmed that Pillar 2 will be implemented in the UK from 31 December 2023. This can be viewed on page 51 of the Autumn Statement document on gov.uk https://www.gov.uk/government/publications/autumn-statement-2022-documents

Alongside this the Government remains focused on delivering a Multilateral Convention on Pillar 1 by mid-2023, in line with the aim set out in the OECD’s Progress Report on Pillar 1 in July 2022, with the aim of that agreement then coming into force as soon as possible.