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346930

	registered interest
	date	27/05/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the maximum amount is that a higher-rate taxpayer could save in the current financial year only utilising maximum tax reliefs in (a) a personal pension and (b) an ISA.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	302
	answer	answer is ministerial correction date of answer 04/06/2015 answer text <p>Income tax relief is available on individual contributions to registered pension schemes. Contributions are subject to a tax charge on any pension savings in excess of an annual allowance (plus any unused allowance from the previous three years). The annual allowance for the present tax year (2015-16) is £40,000. Contributions may also be subject to the lifetime annual allowance. The lifetime annual allowance for the present tax year (2015-16) is £1,250,000.</p><p>Individuals can save up to £15,240 in an ISA (Individual Savings Account) in the 2015-16 tax year. The amount of tax relief that a higher rate taxpayer can receive will depend on the overall returns from the cash and other ISA-eligible assets they hold.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 04/06/2015 14:36:18 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1409 label Biography information for Mr Gregory Campbell

227727

	registered interest
	date	17/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the economic effect of the tax incentives introduced since 2010; and what criteria the Government uses to assess the real economic value of tax incentives.
	tabling member constituency	Cambridge
	tabling member printed	Dr Julian Huppert
	uin	227751
	answer	answer is ministerial correction date of answer 23/03/2015 answer text <p>The Government believes that tax reliefs are an important part of the tax system and play a significant role in defining the scope of tax. In particular they can help create a fairer, simpler system which reflects the needs of a wide range of individuals and businesses.</p><p> </p><p> </p><p> </p><p>The government outlines the rationale for, and expected impacts of, any tax policy changes, including new tax reliefs, in published Tax Information and Impact Notes (TIINs). TIINs also set out the government’s intentions with regard to monitoring and evaluating tax measures.</p><p> </p><p> </p><p> </p><p>While tax reliefs can be used to pursue specific policy objectives, all reliefs reflect policy choices about the distribution of the tax burden, proposed by the government and agreed by Parliament.</p><p> </p><p> </p><p> </p><p>The government is transparent about both the costs of existing reliefs and the costs and likely impacts of new reliefs. HMRC annually publishes information on the Exchequer cost of around 180 existing tax reliefs on its website. The independent Office for Budget Responsibility certifies the cost of all new tax reliefs or changes to existing reliefs.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 23/03/2015 17:30:59 answering member 1529 label Biography information for Mr David Gauke
	tabling member	3931 label Biography information for Dr Julian Huppert

225112

	registered interest
	date	04/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether the European Commission asked the Government for further information in connection with the application for state aid approval for changes to (a) the Enterprise Investment Scheme and (b) social investment tax relief.
	tabling member constituency	Harrow West
	tabling member printed	Mr Gareth Thomas
	uin	226318
	answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The Government notified the European Commission of changes to the Enterprise Investment Scheme in and Social Investment Tax Relief and is awaiting State aid clearance for both schemes.</p><p> </p><p> </p><p> </p><p>The Government is committed to securing clearance as soon as possible.</p><p> </p><p> </p><p> </p><p>As ongoing discussions between the European Commission and Member States on State aid applications are confidential, the Government is not able to provide any more detail at this stage.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/03/2015 17:45:06 answering member 1529 label Biography information for Mr David Gauke
	tabling member	177 label Biography information for Gareth Thomas

225113

	registered interest
	date	04/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the Autumn Statement 2014, paragraph 2.77, what the date was of the Government's application for State Aid approval for changes to (a) the Enterprise Investment Scheme and (b) Social Investment Tax Relief.
	tabling member constituency	Harrow West
	tabling member printed	Mr Gareth Thomas
	uin	226422
	answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The Government submitted an application for State Aid clearance of its Autumn Statement announcement in connection to SITR and EIS on 17 January.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/03/2015 17:43:10 answering member 1529 label Biography information for Mr David Gauke
	tabling member	177 label Biography information for Gareth Thomas

224185

	registered interest
	date	27/02/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether he plans to bring forward legislative proposals for tax relief for orchestras and high-end TV tax relief before April 2015.
	tabling member constituency	Rhondda
	tabling member printed	Chris Bryant
	uin	225788
	answer	answer is ministerial correction date of answer 05/03/2015 answer text <p>The government introduced legislation for high-end TV tax relief in the Finance Act 2013. As announced at Autumn Statement 2014, the government is exploring with industry whether to reduce the minimum UK expenditure requirement from 25% to 10% and modernise the cultural test.</p><p> </p><p> </p><p> </p><p>As announced at Autumn Statement 2014, tax relief for orchestras will be available from April 2016. The government wants to provide orchestras with the time to make any necessary arrangements so they are in a position to claim the relief once it becomes available.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 05/03/2015 16:56:03 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1446 label Biography information for Sir Chris Bryant

100105

	registered interest
	date	21/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what the total accumulative tax relief claimed by each tax band was in each of the last five years.
	tabling member constituency	Carmarthen East and Dinefwr
	tabling member printed	Jonathan Edwards
	uin	211232
	answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>Information is provided in Table 3.5 ‘Income and deductions’ that is available on the HMRC website at:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/deductions-and-reliefs-2010-to-2011" target="_blank">https://www.gov.uk/government/statistics/deductions-and-reliefs-2010-to-2011</a></p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/10/2014 16:28:48 answering member 1529 label Biography information for Mr David Gauke
	tabling member	3943 label Biography information for Jonathan Edwards

1584815

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what guidelines are followed by HMRC when making decisions on the allocation of discretionary financial awards.
	tabling member constituency	Chesham and Amersham
	tabling member printed	Sarah Green
	uin	141587
	answer	answer is ministerial correction date of answer 20/02/2023 answer text <p>The payment of rewards by HMRC is discretionary.</p><p> </p><p>The reward application must evidence the quality of the information provided, the extent and value to which the information contributed to HMRC assigned matters, and the result.</p><p> </p><p>Consideration must be given to any seizure details; revenue received/recovered; arrests; penalties; and the alleged value of a case being prosecuted by HMRC should be considered, where appropriate.</p><p> </p><p>When processing a reward each case will be dealt with on its own merits.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 20/02/2023 12:18:49 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4918 label Biography information for Sarah Green

1584816

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what was the total value of discretionary financial awards paid for by HMRC in each of the last six financial years.
	tabling member constituency	Chesham and Amersham
	tabling member printed	Sarah Green
	uin	141588
	answer	answer is ministerial correction date of answer 20/02/2023 answer text <p>Rewards figures paid by HMRC are published in the annual reports and accounts on the gov.uk website:</p><p><a href="https://www.gov.uk/government/collections/hmrcs-annual-report-and-accounts" target="_blank"><em>https://www.gov.uk/government/collections/hmrcs-annual-report-and-accounts</em></a></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 20/02/2023 12:17:44 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4918 label Biography information for Sarah Green

1504423

	registered interest
	date	02/09/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has plans to (a) review inheritance policy and (b) increase the annual allowance for gifts.
	tabling member constituency	Stockton North
	tabling member printed	Alex Cunningham
	uin	45818
	answer	answer is ministerial correction date of answer 07/09/2022 answer text <p>As with all taxes, the Government keeps this under review.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 07/09/2022 12:52:49 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4122 label Biography information for Alex Cunningham

1471487

	registered interest
	date	17/06/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances
	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 approximate annual cost in the initial year of raising the personal tax allowance to £15,000 per annum.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	20341
	answer	answer is ministerial correction date of answer 22/06/2022 answer text <p>The impact to the Exchequer from changes to the Income Tax Personal Allowance may be approximated using the “Direct effects of illustrative tax changes” table, which is published here: https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes.</p><p> </p><p>The table shows the cost of £100, 1 per cent, and 10 per cent increases. These figures can be used to estimate the approximate impact from increasing the Personal Allowance to £15,000.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 22/06/2022 12:24:02 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1409 label Biography information for Mr Gregory Campbell