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1675053
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Housing: Prices more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of changes in the level of house prices since September 2023. more like this
tabling member constituency Strangford more like this
tabling member printed
Jim Shannon more like this
uin 5027 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>The most reliable measure of average house prices in the UK is published by the ONS. The latest release is for September 2023, when the average house price in the UK was assessed to be £291,400. That leaves average UK house prices 25% higher than their average level in 2019, although 0.2% lower than their average level in Sept 2022.</p><p>While prices have remained resilient, housing market activity has slowed in recent months, largely as a result of rising mortgage rates, which are in part driven by Bank Rate. Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England. The path to lower rates is through low inflation, which is why the government is fully committed to supporting the Bank get inflation back down to the 2% target. The MPC continues to have the Government’s full support as it takes action to return inflation to target through its independent monetary policy decisions.</p><p>The Government has taken steps to limit the impact of rising interest rates on mortgage holders, through the Mortgage Charter. This Charter sets out the standards that signatory lenders – who represent over 90% of the UK mortgage market – will adopt when helping their customers.</p><p>We have also taken a number of measures aimed at helping people to avoid repossession, including protection in the courts through the Pre-Action Protocol, the Housing Loss Prevention Advice Service (HLPAS), and Support for Mortgage Interest (SMI) loans. Accordingly, arrears and repossessions remain at historic lows, despite the rise in interest costs.</p><p>The government continues to monitor developments in the housing market closely and consider the implications for its policies.</p><p> </p>
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
question first answered
less than 2023-12-07T15:55:45.92Zmore like thismore than 2023-12-07T15:55:45.92Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
4131
label Biography information for Jim Shannon more like this
1675105
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Migration: Forecasts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to page 31 of the Office for Budget Responsibility's publication entitled Economic and fiscal outlook- November 2023, published on 22 November 2023, whether his Department holds information on the assumptions underpinning the forecast of future net migration. more like this
tabling member constituency Harborough more like this
tabling member printed
Neil O'Brien more like this
uin 5057 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-12more like thismore than 2023-12-12
answer text <p>The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts for the UK economy and public finances and the underlying assumptions.</p><p> </p><p>In its November 2023 Economic and Fiscal Outlook, the OBR set out its forecast for net migration, and the assumptions it is based on. This is available here:</p><p> </p><p><a href="https://obr.uk/docs/dlm_uploads/E03004355_November-Economic-and-Fiscal-Outlook_Web-Accessible.pdf" target="_blank">CP 944 – Office for Budget Responsibility – Economic and fiscal outlook – November 2023 (obr.uk)</a></p> more like this
answering member constituency Grantham and Stamford more like this
answering member printed Gareth Davies more like this
question first answered
less than 2023-12-12T14:41:04.91Zmore like thismore than 2023-12-12T14:41:04.91Z
answering member
4850
label Biography information for Gareth Davies more like this
tabling member
4679
label Biography information for Neil O'Brien more like this
1675182
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Credit Cards: Fees and Charges more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of raising the cap on interchange fees. more like this
tabling member constituency South Holland and The Deepings more like this
tabling member printed
Sir John Hayes more like this
uin 4907 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>The Government has previously legislated to ensure that interchange fees remain capped for UK domestic card transactions, where both the card issuer and acquirer are located in the UK, through the Interchange Fee (Amendment) (EU Exit) Regulations 2019. This instrument ensures that the previous EU regulation on interchange fees for card payments continues to operate effectively as direct retained EU law following the UK’s withdrawal from the EU. These caps ensure that the cost of card payments is affordable for merchants and acquirers.</p><p> </p><p>The Financial Services and Markets Act 2023, repeals retained EU law in financial services, which includes the Interchange Fee Regulation 2015, in order to deliver a Smarter Regulatory Framework. Retained EU law will be repealed and replaced with rules set by our independent and expert regulators, operating within a framework set by government and Parliament. Under this framework, the Payment Systems Regulator will be responsible for any future rules on interchange fees.</p>
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
question first answered
less than 2023-12-07T15:53:48.297Zmore like thismore than 2023-12-07T15:53:48.297Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
350
label Biography information for Sir John Hayes more like this
1675230
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Revenue and Customs: Staff more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how many FTE HM Revenue and Customs staff of what civil service grade worked on which category of tax compliance activity in each of the last five financial years. more like this
tabling member constituency Liverpool, Walton more like this
tabling member printed
Dan Carden more like this
uin 5093 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>HMRC takes a flexible and dynamic approach to resourcing in order to achieve its objectives. Within Customer Compliance Group, staff are deployed across a wide range of compliance risks. Internally, these are usually grouped by customer segment, tax head or specific tax risk being worked.</p><p> </p><p>To that effect, the data requested is not currently available by grade due to our systems not being able to segment data in a way that directly answers the request, and therefore this information would only be available at disproportionate cost.</p><p> </p><p>HMRC publishes information on the amounts spent on compliance by customer segment in our annual report and accounts at <a href="https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2022-to-2023-technical-notes/tax-by-different-customer-groups-2022-to-2023" target="_blank">Tax by different customer groups – 2022 to 2023 - GOV.UK (www.gov.uk)</a>. The information for 2023/24 will be available in 2024. HMRC does not release detailed breakdowns of this information for operational reasons.</p>
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2023-12-07T14:21:51.86Zmore like thismore than 2023-12-07T14:21:51.86Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4651
label Biography information for Dan Carden more like this
1675231
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Revenue and Customs: Staff more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to page 48 of his Department's publication entitled Autumn Statement 2023 Policy Costings, published in November 2023, whether the new staff recruited to operational teams will be included in existing HMRC tax compliance staffing figures. more like this
tabling member constituency Liverpool, Walton more like this
tabling member printed
Dan Carden more like this
uin 5094 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>As announced in Autumn Statement 2023, the Government is investing £163 million to increase HMRC’s customer support and debt collection capacity. This will ensure those who can afford to pay their tax debts do so, while increasing HMRC’s ability to identify taxpayers who need additional time to pay their tax bills.</p><p> </p><p>HMRC will add 700 full time equivalents to its debt management frontline team. This will significantly improve customer support for individuals and businesses: allowing more debtors to be contacted over the telephone, providing those who are struggling to pay with support, and ensuring that those who can pay their tax debts do.</p><p> </p><p>The new staff recruited to operational teams are currently not included in existing HMRC tax compliance staffing figures.</p><p> </p><p>These measures build on Spring Budget 2023 announcements to improve HMRC’s debt collection capabilities, which is essential to maintaining a low and stable tax gap and funding public services.</p><p> </p>
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2023-12-07T14:23:33.907Zmore like thismore than 2023-12-07T14:23:33.907Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4651
label Biography information for Dan Carden more like this
1675232
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Revenue and Customs: Staff more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what the (a) staffing and (b) non-staffing costs of HM Revenue and Customs tax compliance activities were in each of the last five financial years. more like this
tabling member constituency Liverpool, Walton more like this
tabling member printed
Dan Carden more like this
uin 5095 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>The staffing costs within HM Revenue and Customs tax compliance activities in the periods April 2018 to March 2023 were as follows:</p><p><strong> </strong></p><table><tbody><tr><td><p>£</p></td><td><p>2018/19</p></td><td><p>2019/20</p></td><td><p>2020/21</p></td><td><p>2021/22</p></td><td><p>2022/23</p></td></tr><tr><td><p>Paybill</p></td><td><p>1,024,672,861</p></td><td><p>1,134,211,894</p></td><td><p>1,148,916,526</p></td><td><p>1,273,775,204</p></td><td><p>1,485,502,301</p></td></tr></tbody></table><p><strong> </strong></p><p>The non-staffing costs within HM Revenue and Customs tax compliance activities in the periods April 2018 to March 2023 were as follows:</p><p> </p><table><tbody><tr><td><p>£</p></td><td><p>2018/19</p></td><td><p>2019/20</p></td><td><p>2020/21</p></td><td><p>2021/22</p></td><td><p>2022/23</p></td></tr><tr><td><p>Non-pay</p></td><td><p>117,439,386</p></td><td><p>119,558,799</p></td><td><p>93,319,383</p></td><td><p>118,679,301</p></td><td><p>122,382,915</p></td></tr></tbody></table><p> </p>
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2023-12-07T14:20:02.563Zmore like thismore than 2023-12-07T14:20:02.563Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4651
label Biography information for Dan Carden more like this
1675233
registered interest false more like this
date less than 2023-12-04more like thismore than 2023-12-04
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Tax Collection more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if he will make an estimate of the revenue received by the public purse through (a) compliance yield as measured for performance purposes and (b) tax revenue as measured by tax receipts raised as a result of new spending on compliance activity announced in each (i) a Budget and (ii) Autumn Statement in the last five financial years. more like this
tabling member constituency Liverpool, Walton more like this
tabling member printed
Dan Carden more like this
uin 5096 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>At each fiscal event the Government publishes a table of the impacts of its policy and operational decisions certified by the Office for Budget Responsibility. Measures which raise tax revenue from compliance activity are generally part of our “Tackling the tax gap” package at each fiscal event. Most recently this was set out in Table 5.1 of Autumn Statement 2023, and is available for previous years on GOV.UK.</p><p> </p><p><a href="https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fassets.publishing.service.gov.uk%2Fmedia%2F6560c4091fd90c000dac3b87%2FTable_5.1_Policy_decisions_at_Autumn_Statement_2023_UPDATE_3.xlsx&amp;data=05%7C01%7Cnorris-wilsonjobshare%40hmrc.gov.uk%7C983294e9d5364fc1272908dbf71c2ead%7Cac52f73cfd1a4a9a8e7a4a248f3139e1%7C0%7C0%7C638375472643756399%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=1QSzBbxlom6IMHco7O14bYamvW7dKGFd7WZXRVWwWTM%3D&amp;reserved=0" target="_blank">https://assets.publishing.service.gov.uk/media/6560c4091fd90c000dac3b87/Table_5.1_Policy_decisions_at_Autumn_Statement_2023_UPDATE_3.xlsx</a></p><p> </p><p> </p>
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2023-12-07T14:25:02.307Zmore like thismore than 2023-12-07T14:25:02.307Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4651
label Biography information for Dan Carden more like this
1674569
registered interest false more like this
date less than 2023-12-01more like thismore than 2023-12-01
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Inheritance Tax: Probate more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if he will make an assessment of the adequacy of the average time taken for HMRC to provide an inheritance tax reference number for the start of a probate process. more like this
tabling member constituency St Ives more like this
tabling member printed
Derek Thomas more like this
uin 4837 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>HMRC prioritises requests for inheritance tax reference numbers and the follow up IHT400 forms submitted to set up an inheritance tax account.</p><p> </p> more like this
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2023-12-07T10:23:28.13Zmore like thismore than 2023-12-07T10:23:28.13Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4532
label Biography information for Derek Thomas more like this
1674594
registered interest false more like this
date less than 2023-12-01more like thismore than 2023-12-01
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Business Rates: Tax Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, if he will extend the 75% reduction in business rates offered by the Retail, Hospitality, and Leisure relief scheme to cover the 2024-25 tax year. more like this
tabling member constituency Brighton, Kemptown more like this
tabling member printed
Lloyd Russell-Moyle more like this
uin 4855 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-07more like thismore than 2023-12-07
answer text <p>At Autumn Statement 2023, the government announced it will extend the Retail, Hospitality and Leisure relief scheme at 75 per cent, up to a cash cap of £110,000 per business for 2024-25. Around 230,000 retail, hospitality and leisure properties will be eligible for this relief, a tax cut worth nearly £2.4 billion.</p><p> </p> more like this
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2023-12-07T10:21:40.997Zmore like thismore than 2023-12-07T10:21:40.997Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4615
label Biography information for Lloyd Russell-Moyle more like this
1674337
registered interest false more like this
date less than 2023-11-30more like thismore than 2023-11-30
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Policy Committee more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what recent discussions he has had with the Secretary of State for Energy Security and Net Zero on Remit and Recommendations of the Financial Policy Committee of the Bank of England. more like this
tabling member constituency Bristol East more like this
tabling member printed
Kerry McCarthy more like this
uin 4638 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-05more like thismore than 2023-12-05
answer text <p>HM Treasury ministers have regular discussions with their colleagues across Government on climate change, including on the implementation of the Green Finance Strategy. The breadth of work the Government is doing through the Strategy will reinforce the UK’s status as a leading centre for green finance.</p><p> </p><p>The Chancellor of the Exchequer is responsible for setting the Remit for the Financial Policy Committee (FPC) once per year, and may also make recommendations regarding matters the FPC should consider as relevant to its primary financial stability objective and its secondary objective to support the Government’s economic policy.</p><p> </p><p>The FPC's remit is an important accountability mechanism to ensure the Committee has a clear framework through which it can make policy decisions and consider any trade-offs. This is important given the complexity of the FPC’s work.</p><p> </p><p>Yearly updates to the Remit ensure that it reflects the current economic context, the Government’s policy, as well as the FPC’s responsibilities and powers. Climate change is an important part of the FPC's remit: both due to the relevance of climate related risks to the Committee’s primary financial stability objective, and because increasing long-term energy security and delivering Net Zero are included as key parts of the Government’s economic policy and are therefore relevant to its secondary objective.</p>
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
grouped question UIN 4639 more like this
question first answered
less than 2023-12-05T16:28:16.95Zmore like thismore than 2023-12-05T16:28:16.95Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
1491
label Biography information for Kerry McCarthy more like this