motion_title: New Clause 10: Procurement Bill [Lords]
motion_text: New Clause 10 - Tax transparency
  “(1) This section applies to any covered procurement for a public contract with an estimated value of £5 million or over.
  (2) When assessing tenders under section 19 or awarding a contract under section 41 or 43, a contracting authority must require the submission of a tax report where a supplier is a multi-national supplier.
  (3) Where a multi-national supplier fails to submit a tax report, a contracting authority must exclude the supplier from participating in, or progressing as part of, the competitive tendering procedure.
  (4) Subject to subsection (5), a contracting authority that enters into a contract with a multi-national supplier must publish a copy of the tax report—
  (a) if the contract is a light touch contract, before the end of the period of 120 days beginning with the day on which the contract is entered into;
  (b) otherwise, before the end of the period of 30 days beginning with the day on which the contract is entered into.
  (5) Where a copy of a contract is by virtue of regulations under section 95 published under section 53(3)on a specified online system, the tax report relating to that contract must be published on the same specified online system—
  (a) if the contract is a light touch contract, before the end of the period of 120 days beginning with the day on which the contract is entered into;
  (b) otherwise, before the end of the period of 30 days beginning with the day on which the contract is entered into.
  (6) A ‘multi-national supplier’ is a supplier with two or more enterprises that are resident for tax purposes in two or more different jurisdictions.
  (7) A ‘tax report’ means a report setting out—
  (a) the income booked in the UK,
  (b) the profit before tax attributable to the UK,
  (c) the corporate income tax paid on a cash basis in the UK,
  (d) the corporate income tax accrued on profit/loss attributable to the UK, and
  (e) any other information specified in regulations under section 95