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227707

registered interest
date	17/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether there is a lower corporation tax limit for clubs, voluntary organisations and charities below which such organisations are not required to submit corporation tax returns.
tabling member constituency	Isle of Wight
tabling member printed	Mr Andrew Turner
uin	227983
answer	answer is ministerial correction date of answer 20/03/2015 answer text <p>Where the corporation tax liability of a club or an unincorporated organisation does not exceed £100, and where that club or organisation is run exclusively for the benefit of its members, HM Revenue and Customs (HMRC) will not generally require that club or organisation to complete corporation tax returns. HMRC review such treatment every 5 years. This treatment does not apply to companies which are wholly owned by, or subsidiaries of, charities.</p><p> </p><p> </p><p> </p><p>HMRC recognises that asking a charity to formally claim tax relief every year would be administratively burdensome and therefore they do not require every charity to file a tax return every year.</p><p> </p><p> </p><p> </p><p>However, they do require every charity to file a tax return once every few years so that they can check that the charity is claiming any tax exemptions and reliefs in accordance with the law. In addition, charities have an obligation to complete a tax return where they have reason to believe that they should be paying tax on some of their income or gains.</p><p> </p><p> </p><p> </p><p>If HMRC send a notice to a charity to file a tax return, the charity must complete it and submit it within the time limits given on the forms or they may face a penalty.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/03/2015 08:32:31 answering member 1529 label Biography information for Mr David Gauke
tabling member	1426 label Biography information for Mr Andrew Turner

227724

registered interest
date	17/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electronic Cigarettes: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what his policy is on proposals for EU-level harmonised taxation on e-cigarettes; and if he will make a statement.
tabling member constituency	Wyre Forest
tabling member printed	Mark Garnier
uin	227748
answer	answer is ministerial correction date of answer 20/03/2015 answer text <p>There are no proposals for EU-level harmonised tax treatment of e-cigarettes.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 20/03/2015 14:51:27 answering member 4066 label Biography information for Priti Patel
tabling member	4074 label Biography information for Mark Garnier

226221

registered interest
date	10/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Oil: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when Ministers of his Department last met representatives of the oil and gas industry to discuss the fiscal implications of falling oil prices for the North Sea oil and gas industry.
tabling member constituency	East Renfrewshire
tabling member printed	Mr Jim Murphy
uin	227020
answer	answer is ministerial correction date of answer 20/03/2015 answer text <p>The government understands the challenges currently facing the UK oil and gas industry and is engaging closely with stakeholders on this.</p><p> </p><p>We have been proactive in our response to the fall in oil price. Budget 2015 announced an ambitious programme of reform across the oil and gas tax regime to make sure the North Sea continues to attract investment and safeguard the future of this vital national asset. The government announced an immediate cut to the rate of the Supplementary Charge, from 30% to 20%, which is already in effect; a reduction to Petroleum Revenue Tax, from 50% to 35%, from January 2016; and the introduction of a new Investment Allowance to support investment in the UK Continental Shelf.</p><p> </p><p>This package is expected to deliver over £4bn of additional investment and increase production by 15% by 2019, the equivalent of 0.1% of GDP.</p><p> </p><p>Details of meetings between Treasury Ministers and external organisations are published on the Gov.UK website at the following link: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 20/03/2015 14:50:24 answering member 4066 label Biography information for Priti Patel
tabling member	595 label Biography information for Mr Jim Murphy