Finance Bill — Schedule 19 — Multinational Enterprises — Publication of Country by Country Tax Strategy — 28 Jun 2016 at 14:30

Kevan Jones MP, North Durham voted to require multinational enterprises to publish a country by country tax strategy including information on their attitude to tax planning.

The majority of MPs voted against requiring multinational enterprises to publish a country by country tax strategy including information on their attitude to tax planning.

MPs were considering the Finance Bill.[1]

The amendment rejected in this vote was:

  • Amendment proposed: 1, page 516, line 21, at end insert—
  • ‘(2A) A group tax strategy of a qualifying group which is a MNE group must also include a country-by-country report.
  • (2B) In paragraph (2A) “country-by-country report” has the meaning given by the Taxes (Base Erosion and Profit Shifting) (Country by Country Reporting) Regulations 2016.”

Had it not been rejected the above text would have been inserted into part 19 of Schedule 19 of the Bill[2] titled Content of group tax strategy which requires UK groups to publish tax strategy containing material including:

  • the attitude of the group towards tax planning (so far as affecting UK taxation)
  • the level of risk in relation to UK taxation that the group is prepared to accept, and
  • the approach of the group towards its dealings with HMRC

The Bill defines MNE group in reference to the "OECD Model Legislation in the OECD Country-by-Country Reporting Implementation Package as contained in the OECD’s Guidance on Transfer Pricing Documentation and Country-by-Country Reporting published in 2014". The term MNE means Multinational Enterprise.

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Debate in Parliament |

Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.

What is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (No)Minority (Aye)BothTurnout
Con288 (+2 tell) 4189.4%
DUP6 0075.0%
Green0 10100.0%
Independent0 30100.0%
Lab0 201 (+2 tell)087.9%
LDem0 6075.0%
PC0 1033.3%
SDLP0 30100.0%
SNP0 50092.6%
UKIP0 10100.0%
UUP0 20100.0%
Total:294 272188.7%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

NameConstituencyPartyVote
Philip HolloboneKetteringCon (front bench)aye
Jason McCartneyColne ValleyCon (front bench)aye
Nigel MillsAmber ValleyCon (front bench)aye
David NuttallBury NorthCon (front bench)aye
Simon HartCarmarthen West and South PembrokeshireCon (front bench)both

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