{"value":{"id":1313331,"askingMemberId":1447,"askingMember":null,"house":"Commons","memberHasInterest":false,"dateTabled":"2021-05-11T00:00:00","dateForAnswer":"2021-05-13T00:00:00","uin":"103","questionText":"To ask the Chancellor of the Exchequer, with reference to the Answer of 20 April 2021 to Question 178895, if he will make it his policy to publish a detailed impact assessment of the potential effect of proposals under Pillar 2 of the Organisation for Economic Co-operation and Development's Base Erosion and Profit Shifting (BEPS) framework once international negotiations have concluded but prior to the UK ratifying or acceding to any agreement.","answeringBodyId":14,"answeringBodyName":"Treasury","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":3991,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2021-05-19T00:00:00","answerText":"<p>It is a UK priority to reach a comprehensive two-pillar solution addressing the tax challenges of digitalisation.</p><p> </p><p>The details of a final agreement, including on the exact framework for implementation, are still subject to international negotiation.</p><p> </p><p>If a political agreement is reached and both pillars are implemented in the UK, they would be subject to standard tax policymaking process.</p><p> </p><p>As per that process, significant tax measures are legislated for in parliament, with their impacts formally assessed through the OBR forecast process.</p><p> </p><p>This will include legislation in the relevant Finance Bill, with impacts set out in a Tax Information and Impact Note upon the introduction of the legislation.</p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Multinational Companies: Tax Avoidance","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1313331","method":"GET"}]}