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1535741

registered interest
date	25/10/2022
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 recent assessment has he made of the potential merits of aligning Capital Gains Tax rates with Income Tax.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	71243
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>As set out in the Government’s response to the Office of Tax Simplification's report on Capital Gains Tax (CGT) on 30 November 2021, substantial reforms to CGT rates and allowances would involve a number of wider policy trade-offs and so careful thought must be given to the impact that they would have on taxpayers, as well as any additional administrative burden on HMRC.</p><p> </p><p>The Government will continue to keep the tax system under review to ensure it is simple and efficient.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 28/10/2022 12:11:28 answering member 4399 label Biography information for Victoria Atkins
tabling member	4651 label Biography information for Dan Carden

1535743

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Insurance: Investment Income
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 extending National Insurance to investment income.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	71245
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>The Government has no plans to extend National Insurance contributions to investment income. The Government keeps all taxes under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 71246 question first answered 28/10/2022 12:02:12 answering member 4399 label Biography information for Victoria Atkins
tabling member	4651 label Biography information for Dan Carden

1535744

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Insurance: Investment Income
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 revenue that would be raised by extending National Insurance to investment income.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	71246
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>The Government has no plans to extend National Insurance contributions to investment income. The Government keeps all taxes under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 71245 question first answered 28/10/2022 12:02:12 answering member 4399 label Biography information for Victoria Atkins
tabling member	4651 label Biography information for Dan Carden

1535745

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Domicil
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 merits of abolishing the non-domicile tax regime.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	71247
answer	answer is ministerial correction date of answer 28/10/2022 answer text Non-domiciled taxpayers were liable to pay £7,896 million in UK Income Tax, Capital Gains Tax, and National Insurance contributions in the tax year ending 2021.<p> </p><p>The Government keeps all tax policy under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 28/10/2022 12:13:56 answering member 4399 label Biography information for Victoria Atkins
tabling member	4651 label Biography information for Dan Carden

1535746

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to (a) scrap or (b) reform Business Relief and Agricultural Property Relief on Inheritance Tax.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	71248
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>As with all taxes, the Government keeps agricultural property relief and business property relief under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 71249 question first answered 28/10/2022 12:09:00 answering member 4399 label Biography information for Victoria Atkins
tabling member	4651 label Biography information for Dan Carden

1535747

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax: Tax Avoidance
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 for Business Relief and Agricultural Property Relief on Inheritance Tax to be used as loopholes to avoid paying the appropriate inheritance tax on assets.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	71249
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>As with all taxes, the Government keeps agricultural property relief and business property relief under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 71248 question first answered 28/10/2022 12:09:00 answering member 4399 label Biography information for Victoria Atkins
tabling member	4651 label Biography information for Dan Carden

1535748

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to reform the Energy Profits Levy to increase the tax on excess profits of oil and gas companies.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	71250
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>The Energy Profits Levy (EPL) was introduced from 26 May in response to sharp increases in oil and gas prices over the past year and to help fund cost of living support for UK households.</p><p> </p><p>The EPL is an additional 25 per cent surcharge on UK oil and gas profits, taking the combined headline tax rate for oil and gas companies operating in the UK and on the UK Continental Shelf to 65 per cent. The Government has calculated that it expects the EPL to raise over £7 billion in 2022-23 based on forecast oil and gas prices.</p><p> </p><p>The Government keeps all taxes under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 28/10/2022 12:15:53 answering member 4399 label Biography information for Victoria Atkins
tabling member	4651 label Biography information for Dan Carden

1535782

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fiscal Policy: Impact Assessments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what equalities impact assessment he has made of the Growth Plan 2022 on (a) women, (b) Black, Asian and minority ethnic people, (c) disabled people and (d) LGBT+ people.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	71255
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>In developing proposals at fiscal events, including previous and forthcoming events, such as the Autumn Statement planned for 17 November, the Treasury takes care to ensure compliance with legal requirements under the Public Sector Equality Duty in the Equality Act 2010 to consider the impact of its decisions on those sharing protected characteristics.</p><p>This is in line with both our legal obligations to pay “due regard” to equality impacts, and with our strong commitment to promoting fairness.</p><p>In the interests of transparency, HMRC publishes a summary of equality impacts for tax measures within the Tax Information and Impact Notes alongside the associated legislation.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 71256 question first answered 28/10/2022 08:26:36 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1535783

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Fiscal Policy: Impact Assessments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he will publish an equalities impact assessment of the Growth Plan 2022 as per the requirements of the public sector equality duty.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	71256
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>In developing proposals at fiscal events, including previous and forthcoming events, such as the Autumn Statement planned for 17 November, the Treasury takes care to ensure compliance with legal requirements under the Public Sector Equality Duty in the Equality Act 2010 to consider the impact of its decisions on those sharing protected characteristics.</p><p>This is in line with both our legal obligations to pay “due regard” to equality impacts, and with our strong commitment to promoting fairness.</p><p>In the interests of transparency, HMRC publishes a summary of equality impacts for tax measures within the Tax Information and Impact Notes alongside the associated legislation.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 71255 question first answered 28/10/2022 08:26:36 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1535940

registered interest
date	25/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Coventry
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate his Department has made of the level of household debt in (a) Coventry North East constituency and (b) Coventry in each of the last two years.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	71099
answer	answer is ministerial correction date of answer 28/10/2022 answer text <p>The Government monitors problem debt levels regularly by working closely with the Money and Pensions Service (MaPS) and the Financial Conduct Authority (FCA), and by engaging with the debt advice sector and other relevant stakeholders on their research and findings.</p><p> </p><p>The FCA conducts a biennial Financial Lives Survey which provides a comprehensive insight into the finances of the UK population. The latest ‘snapshot’ findings from their survey were published on 21 October 2022 and can be found in the link below:</p><p> </p><p><a href="https://www.fca.org.uk/data/financial-lives-2022-early-survey-insights-vulnerability-financial-resilience" target="_blank">https://www.fca.org.uk/data/financial-lives-2022-early-survey-insights-vulnerability-financial-resilience</a></p><p> </p><p>MaPS monitors financial difficulty through an annual survey of 22,000 individuals. MaPS published its latest data on 23 February 2022, which can be found in the link below:</p><p> </p><p><a href="https://www.maps.org.uk/2022/02/23/who-needs-debt-advice-in-2022/?msclkid=79e864bcd13511ecbfe47637e6b4cf42" target="_blank">Who needs debt advice in 2022? | The Money and Pensions Service (maps.org.uk)</a></p><p> </p><p>This includes a regional breakdown of how the need for debt advice has changed since 2019 across the UK.</p><p> </p><p>MaPS is investigating the production of constituency level data and hopes to be able to publish this by the end of this year.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 28/10/2022 12:06:46 answering member 4874 label Biography information for Andrew Griffith
tabling member	4378 label Biography information for Colleen Fletcher