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1352776

registered interest
date	06/09/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Stamp Duty Land Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take steps to provide support for property buyers who agreed sales ahead of the end of the stamp duty freeze and who will not complete sales until after the end of that freeze due to waiting for the completion of building surveys.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	43645
answer	answer is ministerial correction date of answer 09/09/2021 answer text <p>The SDLT threshold for all purchases of property, except purchases by first time buyers, will be £125,000 from 1 October 2021. The SDLT threshold is £300,000 for first time buyers who purchase a property for £500,000 or below.</p><p> </p><p>In March 2021, the Chancellor extended the period in which the £500,000 SDLT threshold applies to 30 June 2021. This was designed to ensure that transactions that were unable to be completed by the original 31 March 2021 deadline because of delays in the sector would still receive the relief.</p><p> </p><p>The SDLT threshold then stepped down to £250,000 on 1 July 2021 to transition the market back to the standard rate. The standard SDLT threshold will return to £125,000 on 1 October 2021.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2021 13:52:31 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1307332

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 November 2020 to Question 119350 on Capital Gains Tax, when he plans to publish the Government's response to the Office for Tax Simplification's Capital Gains Tax Review.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179421
answer	answer is ministerial correction date of answer 15/04/2021 answer text <p>Last year, the Chancellor commissioned the Office of Tax Simplification (OTS) to carry out a review of Capital Gains Tax (CGT).</p><p> </p><p>Given the wide scope of the review, the OTS will produce two reports.</p><p> </p><p>The first report, on the policy design and principles underpinning CGT, was published in November 2020.</p><p> </p><p>The second report, which will explore key technical and administrative issues, will be published later this year.</p><p>The Government will respond to these reports in due course.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 15/04/2021 14:36:48 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308183

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Cooperation: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of a global minimum tax rate, as proposed by President Biden; and if he will make a statement.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179441
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The UK has been at the forefront of global efforts to update the international corporation tax framework in response to challenges created by digitisation.</p><p> </p><p>The UK played an active role in helping to develop a comprehensive two-pillar solution. This would ensure countries can more effectively tax businesses that participate in their economies as well as require multinational groups to pay a minimum level of tax on profit they generate in jurisdictions in which they operate.</p><p> </p><p>The UK also played a leading role in securing a G20 commitment to reach political agreement on such a solution by mid-2021, and is now using its G7 Presidency to help deliver on that objective.</p><p> </p><p>The details of a political agreement are still subject to international negotiation and it would not be appropriate to provide a detailed impact assessment or to comment on specific provisions.</p><p> </p><p>If and when a global solution is agreed and implemented it will be assessed through the OBR forecast process in the usual way.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 178894 178895 179448 180427 180428 question first answered 20/04/2021 15:14:43 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308188

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Allowances: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the super-deduction on levels of tax fraud.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179442
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The super-deduction has safeguards within the legislation to prevent abuse, including the exclusion of connected party transactions and second hand assets.</p><p> </p><p>The legislation also introduces a new anti-avoidance provision that applies to counteract arrangements which are contrived, abnormal, or lacking a genuine commercial purpose.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 15:11:12 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308189

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Allowances: Carbon Emissions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the super-deduction on progress towards the Government’s climate emissions targets.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179443
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The super-deduction relieves investments in new plant and machinery assets, meaning companies can invest in new equipment, including those designed to make them more energy efficient.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 15:06:53 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308191

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the regional distribution of capital gains in the UK.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179444
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>Capital Gains Tax (CGT) is reserved and applies across the whole of the UK.</p><p> </p><p>In 2018-19, 92.3 percent of CGT liabilities arose in England, 1.6 percent in Wales, 4.6 percent in Scotland and 1.4 percent in Northern Ireland.</p><p> </p><p>The full 2018-19 CGT data on individuals, gains and tax accruals by region is available online: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/908659/Table_5.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/908659/Table_5.pdf</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 13:52:35 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308192

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Freeports: Crime
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the designation of freeport status on levels of (a) tax evasion, (b) tax avoidance and (c) other criminality in those areas.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179445
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The UK plays a key role in tackling cross-border illegal activity. Freeports are commonly used across the globe, and the Government has learned from these examples to build upon its current expertise and ensure cross-border illegal activity is thwarted.</p><p> </p><p>The Government’s commitment to combatting abusive tax practices has also been a key consideration throughout the design of the freeport offer.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 15:05:54 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308193

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax: Income Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment has he made of the potential (a) distributional effect and (b) projected receipts of equalising capital gains tax rates with income tax rates.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179446
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>Last year, the Chancellor commissioned the Office of Tax Simplification (OTS) to carry out a review of Capital Gains Tax (CGT). The OTS considered a range of issues and recommended aligning the rates charged on capital gains with those on income. The report contains revenue estimates on the impact of their recommendations. The Government will respond to the OTS report in due course.</p><p> </p><p>Any changes to the tax system will balance the need to raise revenue with the principles of fairness and market efficiency. The Government’s priority is supporting jobs and the economic recovery from the pandemic.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 13:56:00 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308201

registered interest
date	12/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Multinational Companies: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent progress has been made on the publication of aggregate data from the country-by-country reporting of multinational companies; and if he will make a statement.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179447
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The Government supports the goal of improving the measurement and monitoring of base erosion and profit shifting, and improving tax transparency.</p><p>UK officials are continuing to work with the OECD Secretariat to address issues with the quality of country-by-country reporting data, to ensure that it is accurate, reliable and suitable for publication.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 15:00:53 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden

1308248

registered interest
date	12/04/2021
answering body	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 the Chancellor of the Exchequer, what assessment he has made of the effect of a global minimum tax rate of 21 per cent on revenues under the corporation tax charge in 2022-23.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	179448
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>The UK has been at the forefront of global efforts to update the international corporation tax framework in response to challenges created by digitisation.</p><p> </p><p>The UK played an active role in helping to develop a comprehensive two-pillar solution. This would ensure countries can more effectively tax businesses that participate in their economies as well as require multinational groups to pay a minimum level of tax on profit they generate in jurisdictions in which they operate.</p><p> </p><p>The UK also played a leading role in securing a G20 commitment to reach political agreement on such a solution by mid-2021, and is now using its G7 Presidency to help deliver on that objective.</p><p> </p><p>The details of a political agreement are still subject to international negotiation and it would not be appropriate to provide a detailed impact assessment or to comment on specific provisions.</p><p> </p><p>If and when a global solution is agreed and implemented it will be assessed through the OBR forecast process in the usual way.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 178894 178895 179441 180427 180428 question first answered 20/04/2021 15:14:43 answering member 3991 label Biography information for Jesse Norman
tabling member	4651 label Biography information for Dan Carden