Co-operative and Mutual Businesses Tax Contribution
2020-02-11
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The question arises from a need to assess the economic impact of co-operatives and mutuals on tax revenues. The MP highlights that these organisations contribute significantly to job creation and fair taxation.
What recent assessment has been made by the Department regarding the contribution to the public purse of tax paid by co-operative and mutual businesses?
No recent assessment has been made specifically on the amount of tax paid by co-operatives and mutuals, but the all-party group for mutuals report found that mutuals generate over £130 billion to benefit the wider economy each year.
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Assessment & feedback
The question asked for a specific assessment of tax contributions, but no such document was provided. Instead, general economic benefits were cited.
No Recent Assessment Has Been Made Specifically On The Amount Of Tax Paid By Co-Operatives And Mutuals
Response accuracy
Q2
Direct Answer
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Context
The MP seeks a meeting with the Minister to discuss the economic contributions made by co-operatives and mutuals, particularly in terms of job creation and tax payment.
Will the Minister meet me and representatives from the co-op and mutuals sector to discuss that part of the economy and make sure that Britain can thrive in an inclusive way?
Yes, I will. There are 7,000 co-ops across the United Kingdom, employing nearly a quarter of a million people. I have had numerous meetings over the past two years with representatives of co-ops and mutuals, and we had a mutuals workshop last July.
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Assessment & feedback
Response accuracy
Q3
Partial Answer
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Context
The MP seeks to broaden the eligibility criteria for social investment tax relief to include more mutuals and social enterprises. The goal is to support these entities in delivering better services.
Will my hon. Friend consider broadening the eligibility for social investment tax relief so that more mutuals and social enterprises can deliver excellent services and outstanding social value?
I always listen very carefully to what my hon. Friend says. I think the best way forward would be for me to meet him to discuss his specific proposals and see what can be done.
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Assessment & feedback
The MP asked for a decision on broadening eligibility criteria, but no commitment was made beyond agreeing to discuss the matter further.
I Think The Best Way Forward Would Be For Me To Meet Him
Response accuracy