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1626246

	registered interest
	date	09/05/2023
	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 what provision they have made for those who are unable to make their P11D returns online; and, if they have made no such provision, whether they plan to do so.
	tabling member printed	Lord Pearson of Rannoch
	uin	HL7706
	answer	answer is ministerial correction date of answer 17/05/2023 answer text <p>The PAYE regulations have for some time required employers to make their regular payroll reports online and now also require employers to report P11D information online. Paper routes to submit these will continue to be available for the small number of digitally exempt customers for whom the existing PAYE regulations already make provision.</p> answering member printed Baroness Penn question first answered 17/05/2023 13:49:14 answering member 4726 label Biography information for Baroness Penn
	tabling member	3153 label Biography information for Lord Pearson of Rannoch

1487698

	registered interest
	date	08/07/2022
	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 Her Majesty's Government what assessment they have made of the impact of fiscal drag on the tax revenues for the year 2022–23.
	tabling member printed	Lord Sikka
	uin	HL1617
	answer	answer is ministerial correction date of answer 21/07/2022 answer text <p>The Treasury does not produce fiscal forecasts. The independent Office for Budget Responsibility (OBR) are the Government’s official forecaster. Inflation has a range of impacts on the public finances and previous OBR forecasts have shown how inflation can also increase spending on welfare and debt interest, as well as tax revenues. Borrowing in the financial year-to-June 2022 is currently £3.7 billion more than the £51.8 billion forecast by the OBR in March 2022. The OBR will produce an updated forecast alongside the next Budget, which will reflect the impacts of an updated inflation outlook on both revenues and spending.</p> answering member printed Baroness Penn question first answered 21/07/2022 15:43:29 answering member 4726 label Biography information for Baroness Penn
	tabling member	4885 label Biography information for Lord Sikka

1684991

	registered interest
	date	24/01/2024
	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 what assessment they have made of the feasibility of cutting taxes in the upcoming budget, further to the report, Public sector finances, UK: December 2023, published by the Office for National Statistics on 23 January, and having regard to the overall stability of the economy.
	tabling member printed	Lord Taylor of Warwick
	uin	HL1902
	answer	answer is ministerial correction date of answer 01/02/2024 answer text <p>The Government is committed to sustainable public finances and has taken responsible decisions to keep debt falling and borrowing at a sustainable level.</p>Autumn Statement 2023 confirmed that inflation has been halved and underlying debt is forecast to fall. The Chancellor is now delivering on his commitment to cut taxes – making full expensing permanent so businesses can invest for less. In addition, the Chancellor’s reforms to NICs will cut taxes for 29 million working people. These reforms will grow the economy, and make the tax system simpler for businesses and individuals.<p> </p>The Chancellor announced in December that he has commissioned the Office for Budget Responsibility to prepare an updated economic and fiscal forecast to be presented to Parliament alongside his Spring Budget on 6 March 2024.<p><strong> </strong></p> answering member printed Baroness Vere of Norbiton question first answered 01/02/2024 16:04:34 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1346705

	registered interest
	date	14/07/2021
	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 estimate he has made of the potential additional revenue that will accrue to the public purse as a result of the tax measures within the communique agreed between G7 Finance Ministers on 5 June 2021.
	tabling member constituency	Ealing North
	tabling member printed	James Murray
	uin	33352
	answer	answer is ministerial correction date of answer 19/07/2021 answer text <p>I refer the hon Member to the answer that I gave on 12 July to PQ UIN 28089 .</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 33353 33354 33355 question first answered 19/07/2021 13:51:57 answering member 3991 label Biography information for Jesse Norman
	tabling member	4797 label Biography information for James Murray

1346708

	registered interest
	date	14/07/2021
	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, with reference to the agreement between G7 Finance Ministers made on 5 June 2021, what estimate he has made of the potential additional UK tax liability for firms currently subject to the Digital Services Tax (DST), in the event that the DST is replaced by a system of reallocating taxing rights to at least 20 per cent of profit exceeding a 10 per cent margin for the largest and most profitable multinational enterprises.
	tabling member constituency	Ealing North
	tabling member printed	James Murray
	uin	33355
	answer	answer is ministerial correction date of answer 19/07/2021 answer text <p>I refer the hon Member to the answer that I gave on 12 July to PQ UIN 28089 .</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 33352 33353 33354 question first answered 19/07/2021 13:51:57 answering member 3991 label Biography information for Jesse Norman
	tabling member	4797 label Biography information for James Murray

1299317

	registered interest
	date	03/03/2021
	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 his policy is on enabling taxpayers to challenge HMRC discretionary decisions regarding access to time to pay arrangements.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	162558
	answer	answer is ministerial correction date of answer 12/03/2021 answer text <p>HMRC have a very good track record for supporting individuals and viable businesses in genuine short-term financial difficulty and will always work with taxpayers to find the best possible solution. A Time to Pay arrangement is a negotiated agreement that HMRC operates within their statutory obligations to collect tax as quickly as possible. HMRC will always work with taxpayers to find the best possible solution, based on their specific circumstances.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/03/2021 12:04:09 answering member 3991 label Biography information for Jesse Norman
	tabling member	3926 label Biography information for Paul Maynard

1290153

	registered interest
	date	25/02/2021
	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 publish the criteria used to determine the circumstances in which (a) self-certification and (b) a statement from an accountant are considered a reliable means of certifying a business or an individual’s statement of income.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	158905
	answer	answer is ministerial correction date of answer 05/03/2021 answer text <p>The context for when and whether to use self-certification in a scheme design is important.</p><p> </p><p>In relation to Self-Assessment HMRC have built up systems and processes over many years that mitigate the risks of fraud and error in Self-Assessment returns. This information has been used to identify those eligible for the SEISS, and thus eligibility for the scheme is not based on self-certification. The same is true for the CJRS.</p><p> </p><p>Through the SEISS the Government has been able to support millions of self-employed people rapidly and effectively. The Government has based the populations eligible for CJRS and SEISS on data that it already holds and that can be quickly and easily verified at large scale.</p><p>Without these precautions, the support schemes would be at risk of delay, unmanageable operational overload through the need for manual processing, significant error and fraudulent attacks.</p><p> </p><p>More widely, it is appropriate that the tax system make some qualified use of self-certification. For example, under the SEISS, self-certification helps to target support within the population identified through Self-Assessment returns better; it is not used to determine eligibility in the first place.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 05/03/2021 14:15:58 answering member 3991 label Biography information for Jesse Norman
	tabling member	3930 label Biography information for Caroline Lucas

1282942

	registered interest
	date	02/02/2021
	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 merits of introducing a one-off wealth tax as proposed by the UK Wealth Tax Commission in its final report of 9 December 2020.
	tabling member constituency	Liverpool, Walton
	tabling member printed	Dan Carden
	uin	147989
	answer	answer is ministerial correction date of answer 08/02/2021 answer text <p>The Wealth Tax Commission has no connection or link to the Government. The Commission’s report offers one perspective about how taxes might be raised in future if necessary, but it is clear that introducing a new one-off wealth tax in the UK would be a hugely complex undertaking and the amount of revenue raised would be highly dependent on the final design of the tax.</p><p> </p><p>The UK does not have a comprehensive, single wealth tax, but it does have several taxes on assets and wealth. These operate across many different economic activities, including the acquisition, holding, transfer and disposal of assets, and income derived from assets. As set out by the Wealth Tax Commission, the UK’s taxes on wealth are on par with those of other G7 countries.</p><p> </p><p>The UK’s progressive income tax system means the top 1% of income taxpayers are projected to have paid over 29% of all Income Tax, and top 5% are projected to have paid over 50%, in 2019-20.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 08/02/2021 12:12:07 answering member 3991 label Biography information for Jesse Norman
	tabling member	4651 label Biography information for Dan Carden

1280143

	registered interest
	date	25/01/2021
	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 assessment of the potential merits of combining Income Tax and National Insurance contributions into an Income, Health and Pension Tax with health and pension provision paid until retirement or 65-67 years of age on all earned income (a) with no tax or health and pension until a minimum level of income is achieved, (b) at a basic rate and (c) at a reasonable higher rate.
	tabling member constituency	Edinburgh West
	tabling member printed	Christine Jardine
	uin	143064
	answer	answer is ministerial correction date of answer 28/01/2021 answer text <p>This would be a significant change, as NICs and Income Tax work quite differently at present.</p><p> </p><p>NICs are charged on earnings on a per-employment, per-pay period basis, whereas Income Tax is an annual tax, and takes into account an individual’s total, cumulative earnings over the year. NICs also come with specific benefits e.g. State Pension, Jobseeker’s Allowance (JSA), Maternity Allowance, and Bereavement benefits. This is in line with NICs’ role as a social security scheme, into which contributions are made from people’s earnings while in work to support them when they are out of work. NICs are currently not payable by those over State Pension age. As such, amalgamating NICs into, or even bringing them closer into line with, income tax would come with major transitional costs and issues.</p><p> </p><p>In the past, governments have considered the case for amalgamating or better aligning income tax and NICs to make the system simpler for individuals and businesses. Most recently, the Office of Tax Simplification (OTS) considered this in 2016 in its report on ‘Closer alignment of Income Tax and National Insurance’.</p><p> </p><p>The OTS analysis shows there are a range of challenges that would need to be taken into consideration before proceeding with such a radical reform. For example, it is estimated that 7.1 million would pay less NICs but 6.3 million would pay more NICs (some of whom would gain contributory benefits).</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 28/01/2021 16:12:09 answering member 3991 label Biography information for Jesse Norman
	tabling member	4634 label Biography information for Christine Jardine

1273009

	registered interest
	date	30/12/2020
	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 his Department has made of the potential merits of adopting a simplified tax structure after the transition period.
	tabling member constituency	Morley and Outwood
	tabling member printed	Andrea Jenkyns
	uin	133059
	answer	answer is ministerial correction date of answer 15/01/2021 answer text The Government remains committed to a tax system that wherever possible is simple, fair and easy to use, and that tackles avoidance and evasion. It will continue to consider recommendations made by the independent Office of Tax Simplification, and keeps all taxes, including the overall system, under review. Any changes to tax policy will be announced at fiscal events. answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 15/01/2021 08:32:13 answering member 3991 label Biography information for Jesse Norman
	tabling member	4490 label Biography information for Dame Andrea Jenkyns