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346930

registered interest
date	27/05/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the maximum amount is that a higher-rate taxpayer could save in the current financial year only utilising maximum tax reliefs in (a) a personal pension and (b) an ISA.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	302
answer	answer is ministerial correction date of answer 04/06/2015 answer text <p>Income tax relief is available on individual contributions to registered pension schemes. Contributions are subject to a tax charge on any pension savings in excess of an annual allowance (plus any unused allowance from the previous three years). The annual allowance for the present tax year (2015-16) is £40,000. Contributions may also be subject to the lifetime annual allowance. The lifetime annual allowance for the present tax year (2015-16) is £1,250,000.</p><p>Individuals can save up to £15,240 in an ISA (Individual Savings Account) in the 2015-16 tax year. The amount of tax relief that a higher rate taxpayer can receive will depend on the overall returns from the cash and other ISA-eligible assets they hold.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 04/06/2015 14:36:18 answering member 1529 label Biography information for Mr David Gauke
tabling member	1409 label Biography information for Mr Gregory Campbell

227727

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	Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the economic effect of the tax incentives introduced since 2010; and what criteria the Government uses to assess the real economic value of tax incentives.
tabling member constituency	Cambridge
tabling member printed	Dr Julian Huppert
uin	227751
answer	answer is ministerial correction date of answer 23/03/2015 answer text <p>The Government believes that tax reliefs are an important part of the tax system and play a significant role in defining the scope of tax. In particular they can help create a fairer, simpler system which reflects the needs of a wide range of individuals and businesses.</p><p> </p><p> </p><p> </p><p>The government outlines the rationale for, and expected impacts of, any tax policy changes, including new tax reliefs, in published Tax Information and Impact Notes (TIINs). TIINs also set out the government’s intentions with regard to monitoring and evaluating tax measures.</p><p> </p><p> </p><p> </p><p>While tax reliefs can be used to pursue specific policy objectives, all reliefs reflect policy choices about the distribution of the tax burden, proposed by the government and agreed by Parliament.</p><p> </p><p> </p><p> </p><p>The government is transparent about both the costs of existing reliefs and the costs and likely impacts of new reliefs. HMRC annually publishes information on the Exchequer cost of around 180 existing tax reliefs on its website. The independent Office for Budget Responsibility certifies the cost of all new tax reliefs or changes to existing reliefs.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 23/03/2015 17:30:59 answering member 1529 label Biography information for Mr David Gauke
tabling member	3931 label Biography information for Dr Julian Huppert

225112

registered interest
date	04/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether the European Commission asked the Government for further information in connection with the application for state aid approval for changes to (a) the Enterprise Investment Scheme and (b) social investment tax relief.
tabling member constituency	Harrow West
tabling member printed	Mr Gareth Thomas
uin	226318
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The Government notified the European Commission of changes to the Enterprise Investment Scheme in and Social Investment Tax Relief and is awaiting State aid clearance for both schemes.</p><p> </p><p> </p><p> </p><p>The Government is committed to securing clearance as soon as possible.</p><p> </p><p> </p><p> </p><p>As ongoing discussions between the European Commission and Member States on State aid applications are confidential, the Government is not able to provide any more detail at this stage.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/03/2015 17:45:06 answering member 1529 label Biography information for Mr David Gauke
tabling member	177 label Biography information for Gareth Thomas

225113

registered interest
date	04/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the Autumn Statement 2014, paragraph 2.77, what the date was of the Government's application for State Aid approval for changes to (a) the Enterprise Investment Scheme and (b) Social Investment Tax Relief.
tabling member constituency	Harrow West
tabling member printed	Mr Gareth Thomas
uin	226422
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The Government submitted an application for State Aid clearance of its Autumn Statement announcement in connection to SITR and EIS on 17 January.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/03/2015 17:43:10 answering member 1529 label Biography information for Mr David Gauke
tabling member	177 label Biography information for Gareth Thomas

224185

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he plans to bring forward legislative proposals for tax relief for orchestras and high-end TV tax relief before April 2015.
tabling member constituency	Rhondda
tabling member printed	Chris Bryant
uin	225788
answer	answer is ministerial correction date of answer 05/03/2015 answer text <p>The government introduced legislation for high-end TV tax relief in the Finance Act 2013. As announced at Autumn Statement 2014, the government is exploring with industry whether to reduce the minimum UK expenditure requirement from 25% to 10% and modernise the cultural test.</p><p> </p><p> </p><p> </p><p>As announced at Autumn Statement 2014, tax relief for orchestras will be available from April 2016. The government wants to provide orchestras with the time to make any necessary arrangements so they are in a position to claim the relief once it becomes available.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 05/03/2015 16:56:03 answering member 1529 label Biography information for Mr David Gauke
tabling member	1446 label Biography information for Sir Chris Bryant

100105

registered interest
date	21/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the total accumulative tax relief claimed by each tax band was in each of the last five years.
tabling member constituency	Carmarthen East and Dinefwr
tabling member printed	Jonathan Edwards
uin	211232
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>Information is provided in Table 3.5 ‘Income and deductions’ that is available on the HMRC website at:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/deductions-and-reliefs-2010-to-2011" target="_blank">https://www.gov.uk/government/statistics/deductions-and-reliefs-2010-to-2011</a></p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/10/2014 16:28:48 answering member 1529 label Biography information for Mr David Gauke
tabling member	3943 label Biography information for Jonathan Edwards