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1726613

	registered interest
	date	02/09/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 13 May (HL4179), when they expect to publish the summary of responses and details of next steps for the Tax Simplification for Alternative Finance consultation, which closed on 9 April.
	tabling member printed	Lord Sharkey
	uin	HL692
	answer	answer is ministerial correction date of answer 16/09/2024 answer text <p>On 16 January 2024, under the previous Government, HM Treasury published a consultation proposing changes to the Capital Gains Tax (CGT) rules that apply to alternative financial arrangements. The consultation closed on 9 April 2024 and this Government is carefully considering all responses. A response document will be published in due course.</p> answering member printed Lord Livermore question first answered 16/09/2024 14:55:39 answering member 4559 label Biography information for Lord Livermore
	tabling member	4196 label Biography information for Lord Sharkey

1725739

	registered interest
	date	30/08/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of providing citizens with a breakdown of what proportion of their tax payments are invested into each sector of the economy.
	tabling member constituency	Richmond Park
	tabling member printed	Sarah Olney
	uin	2971
	answer	answer is ministerial correction date of answer 09/09/2024 answer text <p>The government regularly publishes a breakdown of total public tax receipts and total public sector spending. The most recent of these can be found in Annex B of the <em>Spring Budget 2024</em> document, which is published on gov.uk here: <a href="https://www.gov.uk/government/publications/spring-budget-2024" target="_blank">Spring Budget 2024 - GOV.UK (www.gov.uk)</a>. Citizens can also see how this breakdown applies to their tax contributions via the Annual Tax Summary service which can be accessed here: <a href="https://www.gov.uk/guidance/annual-tax-summary" target="_blank">Annual Tax Summary - GOV.UK (www.gov.uk)</a></p><p> </p><p>A more detailed breakdown of current receipts, public sector current expenditure (PSCE) and public sector gross investment (PSGI), is set out in the Economic and Fiscal Outlook (EFO) published by the Office for Budget Responsibility (OBR). The most of recent of these can be found in Tables A5 and A7 in the EFO published in March 2024, alongside the Spring Budget. This can be found on the OBR’s website here: <a href="https://obr.uk/economic-and-fiscal-outlooks/#chapter-1" target="_blank">EFOs - Office for Budget Responsibility (obr.uk)</a>.</p><p> </p> answering member constituency Ealing North answering member printed James Murray question first answered 09/09/2024 12:50:37 answering member 4797 label Biography information for James Murray
	tabling member	4591 label Biography information for Sarah Olney

1724612

	registered interest
	date	30/07/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 30 July 2024 to Question 1811 on Taxation, what the tax gap of (a) 2005-06 and (b) 2022-3 is adjusted for inflation in (i) 2005-06 and (ii) 2022-23 real terms.
	tabling member constituency	Basildon and Billericay
	tabling member printed	Mr Richard Holden
	uin	2541
	answer	answer is ministerial correction date of answer 04/09/2024 answer text <p>The UK tax gap in 2022-23 is estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms. The tax gap has fallen from 7.4% of total theoretical liabilities in 2005-06, or £32.4bn in absolute terms.</p><p>The 2005-06 and 2022-23 tax gap estimates can be adjusted for inflation using the published GDP deflators available at: www.gov.uk/government/statistics/gdp-deflators-at-market-prices-and-money-gdp-june-2024-quarterly-national-accounts</p><p>The government is committed to tackling the tax gap, through increasing HMRC's compliance staff, investing in HMRC’s technology infrastructure, and making policy changes to tackle tax non-compliance. The government will set out further details at the budget.</p> answering member constituency Ealing North answering member printed James Murray question first answered 04/09/2024 10:48:41 answering member 4797 label Biography information for James Murray
	tabling member	4813 label Biography information for Mr Richard Holden

1724172

	registered interest
	date	29/07/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether her Department plans to respond to the consultation entitled Tax Simplification for Alternative Finance, which closed 9 April 2024.
	tabling member constituency	Manchester Rusholme
	tabling member printed	Afzal Khan
	uin	2131
	answer	answer is ministerial correction date of answer 05/09/2024 answer text <p>The Government is committed to the continued strength of the UK Islamic Finance sector, both as an important part of the UK’s overall financial ecosystem and as an instrument of financial inclusion.</p><p>The alternative finance tax rules aim to provide a level playing field for tax purposes across alternative and conventional financing arrangements.</p><p>On 16 January 2024, HM Treasury published a consultation proposing changes to the Capital Gains Tax (CGT) rules that apply to alternative finance arrangements. The proposed changes seek to amend those rules so that where property is used as collateral for the purposes of raising finance, the CGT outcome is the same whether alternative finance or conventional finance is used. The consultation also asked whether there are any implications for capital allowances. The consultation closed on 9 April 2024 and the Government is considering responses. Next steps will be set out in due course.</p> answering member constituency Ealing North answering member printed James Murray grouped question UIN 2132 question first answered 05/09/2024 16:46:22 answering member 4797 label Biography information for James Murray
	tabling member	4671 label Biography information for Afzal Khan

1723490

	registered interest
	date	25/07/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the tax gap was in the (a) 2005-06 financial year and (b) latest financial year for which data is available; what steps her Department is taking to close the tax gap; and whether she has set a target for closing the tax gap.
	tabling member constituency	Basildon and Billericay
	tabling member printed	Mr Richard Holden
	uin	1811
	answer	answer is ministerial correction date of answer 30/07/2024 answer text <p>The tax gap is the difference between the amount of tax that should, in theory, be paid to HMRC, and the amount that is actually paid. In 2005-06 the tax gap was estimated to be 7.4% (£32.4bn). The latest estimates, published in June 2024, show the tax gap at 4.8% (£39.8bn) in 2022-23.</p><p>The government is committed to tackling the tax gap, through increasing HMRC's compliance staff, investing in HMRC’s technology infrastructure, and making policy changes to tackle tax non-compliance. The government will set out further details at the budget.</p> answering member constituency Ealing North answering member printed James Murray question first answered 30/07/2024 16:28:24 answering member 4797 label Biography information for James Murray
	tabling member	4813 label Biography information for Mr Richard Holden

1718446

	registered interest
	date	15/05/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to improve the (a) efficiency of and (b) resources available to HMRC's tax recovery strategy.
	tabling member constituency	Portsmouth South
	tabling member printed	Stephen Morgan
	uin	26586
	answer	answer is ministerial correction date of answer 20/05/2024 answer text <p>HMRC’s approach to debt is to strike a balance between doing everything it can to collect the debt in a timely manner and taking more robust action where taxpayers do not engage or refuse to pay. More information can be found in HMRC’s published tax debt strategy on GOV.UK.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 20/05/2024 15:40:07 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4653 label Biography information for Stephen Morgan

1716965

	registered interest
	date	09/05/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has to simplify the tax system.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	25476
	answer	answer is ministerial correction date of answer 16/05/2024 answer text <p>The Chancellor has been clear that tax simplification is a key priority. He has set a clear mandate for officials in HMT and HMRC to focus on simplification during tax policy making and implementation.</p><p> </p><p>Recent fiscal events have included several simplification measures. At Autumn Statement 2023 the government abolished the obligation to pay class 2 self-employed national insurance contributions, simplified the capital allowances system for large businesses by making full expensing permanent, and made it easier for self-employed to use a simplified method for calculating small business profits known as the cash basis.</p><p> </p><p>The Government announced additional simplifications in a Written Statement on 16<sup>th</sup> January.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 16/05/2024 12:44:56 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4006 label Biography information for Dr Matthew Offord

1695487

	registered interest
	date	12/03/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	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 impact of changes to personal tax thresholds on incentives to work.
	tabling member constituency	Slough
	tabling member printed	Mr Tanmanjeet Singh Dhesi
	uin	18244
	answer	answer is ministerial correction date of answer 20/03/2024 answer text <p>The Office for Budget Responsibility provide the official government forecasts. Their estimate of the impact of personal tax policies on work incentives can be found in Box 3.2 of their Economic and Fiscal Outlook – March 2024.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 18243 question first answered 20/03/2024 16:36:20 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1692064

	registered interest
	date	27/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 February 2024 to Question 14168 on Taxation, if he will produce a table for the (a) 2021-22 and (b) 2022-23 financial year.
	tabling member constituency	Richmond Park
	tabling member printed	Sarah Olney
	uin	15969
	answer	answer is ministerial correction date of answer 01/03/2024 answer text <p>HMRC’s Personal Income Statistics by tax year now contain a constituency-level breakdown of taxpayer numbers for the tax year 2021 to 2022. This is the latest outturn data available and can be found below:</p><p> </p><p><a href="https://assets.publishing.service.gov.uk/media/65de1b17cf7eb10015f58036/Table_3.15_2122.ods" target="_blank">https://assets.publishing.service.gov.uk/media/65de1b17cf7eb10015f58036/Table_3.15_2122.ods</a></p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 01/03/2024 09:22:59 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4591 label Biography information for Sarah Olney

1689242

	registered interest
	date	16/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the number and proportion of higher rate taxpayers by parliamentary constituency in the last financial year.
	tabling member constituency	Richmond Park
	tabling member printed	Sarah Olney
	uin	14168
	answer	answer is ministerial correction date of answer 26/02/2024 answer text <p>HMRC’s Personal Income Statistics by tax year contain a constituency-level breakdown of taxpayer numbers for the tax year 2020 to 2021. This is the latest outturn data available and can be found in Table 3.15 below:</p><p> </p><p><a href="https://assets.publishing.service.gov.uk/media/6402022ad3bf7f25f5948f90/Table_3.15_2021.ods" target="_blank">https://assets.publishing.service.gov.uk/media/6402022ad3bf7f25f5948f90/Table_3.15_2021.ods</a></p><p> </p><p>The parliamentary constituency breakdowns published in these statistics are consistent with those used at elections since 2010 and do not contain the new boundaries that will be in place at the next election.</p><p> </p><p>Further breakdowns of this information are not routinely published.</p><p> </p><p>For projection years, HM Revenue and Customs does not publish this information at constituency level.</p><p><strong> </strong></p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 26/02/2024 16:18:31 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	4591 label Biography information for Sarah Olney