Multinational Companies: Taxation

Summary

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed reforms to the taxation of foreign branch profits on (a) tax revenues, (b) investment, (c) employment and (d) business activity in the UK oil and

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Timeline

1. 3 June 2026

   Written question

   To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed reforms to the taxation of foreign branch profits on (a) tax revenues, (b) investment, (c) employment and (d) business activity in the UK oil and

   Source: Commons

2. 9 June 2026

   Answer

   These reforms will ensure that profit attributable to UK activities is effectively taxed in the UK. They are expected to raise hundreds of millions of pounds per year - helping to fund a package of economic support for households and businesses – while at...

   Source: Written answer

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• · Treasury · Answering body

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