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1218583

	registered interest
	date	29/06/2020
	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 when they intend to make a statement about the future of (1) VAT rates, and (2) other fiscal measures in the UK
	tabling member printed	Baroness Ritchie of Downpatrick
	uin	HL6252
	answer	answer is ministerial correction date of answer 13/07/2020 answer text <p>On 8 July the Chancellor announced a Plan for Jobs to support the UK’s economic recovery by supporting, protecting and creating jobs across all regions and nations of the UK. As part of this plan, and to support over 150,000 businesses and protect 2.4 million jobs following the lifting of the Covid-19 lockdown, the Government will temporarily apply a reduced rate of VAT (5%) to tourist attractions and goods and services supplied by the hospitality sector.</p><p> </p><p>The “hospitality sector” includes accommodation such as hotels, and food eaten-in or hot food taken-out from restaurants, cafes and pubs.</p><p> </p><p>The temporary reduced rate will apply for six months. It will come into effect on 15 July 2020 and end on 12 January 2021 and apply across the UK.</p><p> </p><p>The VAT cut aims to support the hospitality and tourism sector across the UK to re-establish eating out in restaurants, and to help businesses recover from the economic impacts of Covid-19, supporting employment.</p><p> </p><p>Businesses will have one week to prepare before the reduced rate comes into effect, with guidance published on 9 July 2020.</p><p> </p><p>The Chancellor said on 8 July that he will set out a Budget in the Autumn. The exact timing of the next Budget will be a matter for the Chancellor to decide in due course.</p> answering member printed Lord Agnew of Oulton question first answered 13/07/2020 11:06:27 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4130 label Biography information for Baroness Ritchie of Downpatrick

1359048

	registered interest
	date	14/10/2021
	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 plans they have, if any, to change the tax year end to 31 March each year.
	tabling member printed	Lord McKenzie of Luton
	uin	HL3116
	answer	answer is ministerial correction date of answer 29/10/2021 answer text The Government has no plans to change the tax year end to 31 March each year. On 15 September 2021, the Office for Tax Simplification (OTS) published a report exploring a change to the date of the tax year end. The report found that, although there would be simplification benefits of moving the tax year, the transitional costs to Government and the private sector would be significant. The OTS does not consider that such a change should take place in the immediate future. answering member printed Lord Agnew of Oulton question first answered 29/10/2021 13:48:36 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	3694 label Biography information for Lord McKenzie of Luton

1383605

	registered interest
	date	30/11/2021
	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 steps they are taking to provide additional specialised support to (1) contractors, and (2) self-employed taxpayers, who are facing large tax liabilities.
	tabling member printed	Lord Taylor of Warwick
	uin	HL4587
	answer	answer is ministerial correction date of answer 14/12/2021 answer text <p>HMRC is working hard to help all taxpayers, including contractors and the self-employed, with large tax bills and temporary cash-flow issues, and to provide them with the support they need.</p><p>HMRC’s longstanding Time to Pay policy allows taxpayers in temporary financial difficulty to schedule their tax debts into affordable and sustainable instalment arrangements with no maximum repayment period. These arrangements are flexible and can be amended if circumstances change. Individuals with Self-Assessment debts under £30,000 can apply online for a Time to Pay arrangements of up to 12 months.</p><p>In addition, HMRC has a well-established Extra Support Service which is accessible to all taxpayers. Our customer service advisers have the skills to identify taxpayers who need extra help and to empathetically handle their queries and make reasonable adjustments.</p><p>Any taxpayer concerned about their ability to pay should contact HMRC to discuss the support available.</p> answering member printed Lord Agnew of Oulton question first answered 14/12/2021 16:53:36 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

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

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

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

868248

	registered interest
	date	20/03/2018
	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 is their estimate of the costs to (1) banks, (2) insurance companies, (3) charities, and (4) other financial institutions, of the universal application of the Common Reporting Standards and consequent obligations on individuals, entities and controlling persons to complete tax residency self-certification forms, including for multiple institutions.
	tabling member printed	Lord Vinson
	uin	HL6520
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6519 HL6521 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

868249

	registered interest
	date	20/03/2018
	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 is their estimate of the number of tax residency self-certification forms completed by (1) individuals, (2) entities, and (3) controlling persons, since the introduction in the UK of the Common Reporting Standards; and how many such forms they estimate will be completed annually in future.
	tabling member printed	Lord Vinson
	uin	HL6521
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6519 HL6520 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

887332

	registered interest
	date	19/04/2018
	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, further to the Written Answer by Lord Bates on 19 March (HL6520), why they have not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future; and what assessment they have made of the extent to which a full regulatory impact assessment can be prepared without such estimates.
	tabling member printed	Lord Vinson
	uin	HL7129
	answer	answer is ministerial correction date of answer 30/04/2018 answer text <p>The Common Reporting Standard (CRS) is the global standard for the exchange of financial account information. Under the CRS financial institutions are required to obtain and report the tax residence information of their account holders. The information that tax authorities will receive under the CRS is a vital part of global efforts to tackle offshore tax evasion and increase tax transparency. Under the CRS financial institutions are required to carry out due diligence procedures, including obtaining tax residency self-certifications from some account holders.</p><p>HMRC does not consider estimating the number of tax residency self-certification forms received by financial institutions or estimating how many account holders annually will self-certify in future to be a useful exercise at this time. A Tax Information and Impact Note was published on 18 March 2015 in accordance with the government’s tax policy making process.</p><p>HMRC continues to monitor the impact of the CRS through information collected through the information exchange arrangements, competent authority discussions, tax returns and compliance work undertaken by HMRC.</p> answering member printed Lord Bates question first answered 30/04/2018 11:45:48 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

990166

	registered interest
	date	17/10/2018
	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 conclusion by the Institute for Fiscal Studies report, The IFS Green Budget, published on 16 October, that it would be necessary to raise tax revenues by 1 per cent of national income to "end austerity".
	tabling member printed	Lord Taylor of Warwick
	uin	HL10788
	answer	answer is ministerial correction date of answer 25/10/2018 answer text <p>The government has been clear that it is committed to a balanced approach, funding our public services, keeping tax as low as possible while getting debt down. The Chancellor will set out his approach in more detail at next Monday’s Budget.</p> answering member printed Lord Bates question first answered 25/10/2018 13:51:23 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick