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United Kingdom · Question · Written question

UIN 184635

DP World: Taxation

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

11 May 2023

Last action

17 May 2023 · Answer

Status

Answered

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Subjects

Taxation

Source updated

17 May 2023

Taxation

Summary

To ask the Chancellor of the Exchequer, if he will make it his policy to ensure that (a) multinational and (b) domestic top-up taxes set out in the Spring Budget 2023 apply to (a) P&O Ferries Ltd and (ii) other UK subsidiaries of DP World.

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Timeline

  1. 11 May 2023

    Written question

    To ask the Chancellor of the Exchequer, if he will make it his policy to ensure that (a) multinational and (b) domestic top-up taxes set out in the Spring Budget 2023 apply to (a) P&O Ferries Ltd and (ii) other UK subsidiaries of DP World.

    Source: Commons

  2. 17 May 2023

    Answer

    The Pillar 2 rules have been globally agreed and will apply to multinational and domestic companies with an annual consolidated revenue of €750 million or more. The UK is legislating Pillar 2 in the Spring Finance Bill, with implementation from accounting...

    Source: Written answer

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