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1144865
star this property registered interest false more like this
unstar this property date less than 2019-09-04more like thismore than 2019-09-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Workplace Pensions: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, with respect to the National Statistics data published in April, which estimated the total cost of pension tax relief in respect of registered pension schemes for the year ending 5 April 2018 at £36.3 billion including £4.3 billion in tax relief on employee contributions to occupational pension schemes, (1) what is the estimated figure of gross pension contributions on which this figure was based, and (2) what specific assumptions were made as to the rates of tax applicable in arriving at the figure of £4.3 billion; and whether these assumptions included that all employees making contributions to occupational schemes receive the full tax relief to which they are entitled, including those contributing to net pay pension schemes. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL17699 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p><del class="ministerial">It has not proved possible to respond to this question in the time available before Prorogation. Ministers will correspond directly with the Member.</del></p><p> </p><p><ins class="ministerial">HMRC publishes estimates of the cost of pension tax relief which is available in table 6 of HM Revenue and Customs Personal Pension Statistics on Gov.uk. </ins></p><p><ins class="ministerial"><em> </em></ins></p><p><ins class="ministerial">These estimates were revised on 26<sup>th</sup> September 2019 as part of an overall update to HMRC’s Personal Pension and Pension Relief statistics. Estimates of the cost of tax relief on contributions are produced using the Annual Survey of Hours and Earnings (ASHE) for income, individual and employer contributions for members of pension schemes that use the net pay mechanism; and administrative data HMRC holds on relief at source administrative data matched to the Survey of Personal Incomes (SPI) - for income, individual and employer pension contributions for members of pension schemes that use the relief at source mechanism.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">The cost of tax relief for all contributions made by individuals is approximately £6.3bn, broken down as the cost of relief on employee contributions to occupational schemes (£4.2bn), to personal pension schemes (£1.6bn), and self-employed contributions to pensions (£0.5bn). Occupational pensions here includes some master trust pension schemes which use the relief at source method. Personal pensions here includes workplace personal pension schemes (such as group personal pensions).</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">i) The £4.3bn figure referenced is the cost of pension tax relief relating to occupational pension schemes. Estimates of the cost of pension tax relief were revised on September 26<sup>th</sup> 2019 as part of an overall update to HMRC’s Personal Pensions and Pension Relief Statistics. The £4.3bn figure referenced has since been revised to £4.2bn. </ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">This £4.2bn figure of tax relief is derived from around £15.9bn of estimated “relievable” individual pension contributions to occupational pension schemes, (where “relievable” refers to our best estimates of contributions which are within the individual’s pensions Annual Allowance). </ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">ii) Marginal rate tax relief is applied to these estimates of “relievable” contributions as if these contributions were taxed. Estimates are produced assuming all members contributing to all pension schemes receive full marginal rate tax relief on their contributions.</ins></p><p><ins class="ministerial"><em> </em></ins></p><p><ins class="ministerial">As noted in the publication, costs are subject to large revisions and have a particularly wide margin of error – reflecting the variety of sources of data (both administrative and survey) required to produce these estimates.</ins></p>
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T16:33:08.633Zmore like thismore than 2019-09-09T16:33:08.633Z
star this property question first ministerially corrected
less than 2019-10-08T12:38:27.003Zmore like thismore than 2019-10-08T12:38:27.003Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property previous answer version
135351
star this property answering member printed The Earl of Courtown more like this
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
unstar this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this
1602943
star this property registered interest false more like this
unstar this property date less than 2023-03-09more like thismore than 2023-03-09
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading PAYE more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment his Department has made of the adequacy of HMRC’s enforcement of agency regulations collecting PAYE tax from agencies who have had registered contractors. more like this
star this property tabling member constituency Portsmouth South more like this
star this property tabling member printed
Stephen Morgan more like this
star this property uin 162286 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2023-03-14more like thismore than 2023-03-14
star this property answer text <p><del class="ministerial">The UK Government and devolved administrations agreed an Apprenticeship Levy funding deal, based on population share.</del></p><p> </p><p><del class="ministerial">Under this agreement, the UK Government uplifted Spending Review 2015 settlements as set out in Block Grant Transparency to ensure the devolved administrations received a full population share of forecast Levy funding from 2017-18 to 2019-20. This population share amounted to £1.3 billion across all three devolved administrations over the three-year period, with £460 million allocated in 2019-20.</del></p><p> </p><p><del class="ministerial">Beyond 2019-20, it was agreed that the normal operation of the population-based Barnett formula would deliver a similarly fair outcome rather than a bespoke arrangement being required.</del></p><p><del class="ministerial">The devolved administrations received record settlements at the 2021 Spending Review and are well funded to deliver devolved responsibilities. Those settlements are still growing in real terms this year, and over the three-year spending review period, despite inflation being higher than expected.</del></p><p> </p><p><del class="ministerial">It is for the devolved administrations to decide how to allocate their funding in devolved areas.</del></p><p> </p><p><ins class="ministerial">I refer the Honorable Member to the answer that I gave on 7 March 2022 to the Honorable Member for Enfield, Southgate (UIN 156216). </ins></p>
star this property answering member constituency Louth and Horncastle more like this
star this property answering member printed Victoria Atkins more like this
star this property question first answered
less than 2023-03-14T13:43:49.957Zmore like thismore than 2023-03-14T13:43:49.957Z
star this property question first ministerially corrected
less than 2023-03-23T15:49:23.377Zmore like thismore than 2023-03-23T15:49:23.377Z
star this property answering member
4399
star this property label Biography information for Victoria Atkins more like this
star this property previous answer version
61853
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property answering member 4051
unstar this property tabling member
4653
unstar this property label Biography information for Stephen Morgan more like this
1190607
star this property registered interest false more like this
unstar this property date less than 2020-04-27more like thismore than 2020-04-27
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Small Businesses: Coronavirus more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many small and medium sized enterprises (SMEs) are excluded from the Small Business Grants Fund and Retail, Hospitality and Leisure Grant Fund because those SMEs have a rateable value of more than £51,000; and whether it is the Government’s policy that not all SMEs are eligible to access financial support made available in response to the covid-19 outbreak. more like this
star this property tabling member constituency Brighton, Pavilion more like this
star this property tabling member printed
Caroline Lucas more like this
star this property uin 40554 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2020-05-04more like thismore than 2020-05-04
star this property answer text <p>According to the VOA<ins class="ministerial"> official statistics</ins>, there are<ins class="ministerial"> around</ins> <del class="ministerial">299,000</del> <ins class="ministerial">205,000 </ins>business properties in England with a rateable value over £51,000<ins class="ministerial"> as at 31 March 2019. </ins>. Of these,<ins class="ministerial"> approximately 83,000 are identified as </ins> <del class="ministerial">116,000</del> <del class="ministerial">are</del> retail, hospitality and leisure properties<ins class="ministerial"> using VOA's administrative data source</ins>.</p><p> </p><p>The Small Business Grants Fund and the Retail, Hospitality and Leisure Grants Fund have been designed to support the smallest businesses, and smaller businesses in the some of the sectors which have been hit hardest by measures taken to prevent the spread of Covid-19.</p><p> </p><p>Around 1 million small and medium businesses will receive cash grants as a result of these schemes, and over £12 billion will be paid out to these businesses.</p><p> </p><p>The two schemes have been tied to the business rates system and rating assessments, which together provide a framework for Local Authorities to make payments as quickly as possible. Businesses in the business rates system are also likely to face particularly high fixed costs, such as fixed rents.</p><p> </p><p>In addition to the main grants schemes, Government has made available up to an additional £617m for Local Authorities in England to enable them to pay grants to small businesses which also face high fixed building-related costs but which are excluded from the current system due to the way they fit into the business rates system.</p><p> </p><p>Businesses which are not eligible for the grants schemes should be able to benefit from other measures in the Government’s unprecedented package of support for business, including:</p><p> </p><ul><li>An option to defer VAT payments by up to twelve months;</li><li>The Coronavirus Business Interruption Loan Scheme, now extended to cover all businesses including those which would be able to access commercial credit;</li><li>The Bounce Back Loan scheme, which will ensure that small and micro businesses can quickly access loans of up to £50,000 which are 100% guaranteed by the Government;</li><li>The Coronavirus Job Retention Scheme, to support businesses with their wage bills; and</li><li>The Self-Employment Income Support Scheme, to provide support to the self-employed.</li></ul><p> </p>
star this property answering member constituency Saffron Walden more like this
star this property answering member printed Kemi Badenoch more like this
star this property question first answered
less than 2020-05-04T12:51:42.273Zmore like thismore than 2020-05-04T12:51:42.273Z
star this property question first ministerially corrected
less than 2020-05-19T17:20:45.083Zmore like thismore than 2020-05-19T17:20:45.083Z
star this property answering member
4597
star this property label Biography information for Kemi Badenoch more like this
star this property previous answer version
18197
star this property answering member constituency Saffron Walden more like this
star this property answering member printed Kemi Badenoch more like this
star this property answering member
4597
star this property label Biography information for Kemi Badenoch more like this
unstar this property tabling member
3930
unstar this property label Biography information for Caroline Lucas more like this
1348112
star this property registered interest false more like this
unstar this property date less than 2021-07-19more like thismore than 2021-07-19
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading SME Brexit Support Fund more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, if he will publish the (a) total number of applications made by businesses to the SME Brexit Support Fund, (b) number of grants that have been approved, and (c) total amount of funding in grants provided to date for each region of the UK. more like this
star this property tabling member constituency Leeds Central more like this
star this property tabling member printed
Hilary Benn more like this
star this property uin 35505 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2021-07-22more like thismore than 2021-07-22
star this property answer text <p>As of 19 July 2021, 5,414 businesses completed applications for grants of up to £2,000. Of this number, 4,<del class="ministerial">7</del>3<ins class="ministerial">7</ins>6 have been offered a grant.</p><p> </p><p>A regional breakdown of the figures shows that businesses in England have been offered £5,862,213, in Scotland £387,387, in Wales £196,546 and in Northern Ireland £360,174.</p> more like this
star this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property question first answered
less than 2021-07-22T15:54:02.69Zmore like thismore than 2021-07-22T15:54:02.69Z
star this property question first ministerially corrected
less than 2021-07-26T08:10:33.827Zmore like thismore than 2021-07-26T08:10:33.827Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
star this property previous answer version
16360
star this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
unstar this property tabling member
413
unstar this property label Biography information for Hilary Benn more like this
1089493
star this property registered interest false more like this
unstar this property date less than 2019-03-15more like thismore than 2019-03-15
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Coinage more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether the commemorative 50 pence coin issued to mark the UK's departure from the EU has been minted. more like this
star this property tabling member constituency Croydon North more like this
star this property tabling member printed
Mr Steve Reed more like this
star this property uin 233006 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2019-03-20more like thismore than 2019-03-20
star this property answer text <p>Currently, no commemorative coins to mark the UK’s departure from the <del class="ministerial">UK</del> <ins class="ministerial">EU </ins>have been minted. However, as is standard procedure at The Royal Mint, a small number of trial coins have been produced. The production of trial coins does not incur any cost to the taxpayer.<ins class="ministerial"> The commemorative 50 pence coin to mark the UK leaving the European Union will be made available following our departure.</ins></p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-03-20T17:00:04.883Zmore like thismore than 2019-03-20T17:00:04.883Z
star this property question first ministerially corrected
less than 2019-03-27T11:27:19.037Zmore like thismore than 2019-03-27T11:27:19.037Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
star this property previous answer version
109098
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
unstar this property tabling member
4268
unstar this property label Biography information for Steve Reed more like this
1092207
star this property registered interest false more like this
unstar this property date less than 2019-03-20more like thismore than 2019-03-20
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Coinage more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether the commemorative 50 pence coin to mark the UK's departure from the EU with the date of 29 March 2019 has been minted. more like this
star this property tabling member constituency Wakefield more like this
star this property tabling member printed
Mary Creagh more like this
star this property uin 234738 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2019-03-25more like thismore than 2019-03-25
star this property answer text <p>Currently, no commemorative coins to mark the UK’s departure from the<del class="ministerial"> UK</del> <ins class="ministerial">EU </ins>have been minted. However, as is standard procedure at The Royal Mint, a small number of trial coins have been produced. The production of trial coins does not incur any cost to the taxpayer. <ins class="ministerial">The commemorative 50 pence coin to mark the UK leaving the European Union will be made available following our departure.</ins></p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2019-03-25T08:34:45.937Zmore like thismore than 2019-03-25T08:34:45.937Z
star this property question first ministerially corrected
less than 2019-03-27T11:27:10.063Zmore like thismore than 2019-03-27T11:27:10.063Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
star this property previous answer version
109608
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
unstar this property tabling member
1579
unstar this property label Biography information for Mary Creagh more like this
1651688
star this property registered interest false more like this
unstar this property date less than 2023-07-10more like thismore than 2023-07-10
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading National Savings and Investments: Environment Protection more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how much money was invested in National Savings and Investments green savings bonds in the financial year 2022-23. more like this
star this property tabling member constituency Brighton, Pavilion more like this
star this property tabling member printed
Caroline Lucas more like this
star this property uin 193094 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2023-07-17more like thismore than 2023-07-17
star this property answer text <p>During the 2022-23 Financial Year, £622,660<ins class="ministerial">,000</ins> <del class="ministerial">million</del> was invested in NS&amp;I’s Green Savings Bonds.</p><p> </p> more like this
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property question first answered
less than 2023-07-17T12:12:51.993Zmore like thismore than 2023-07-17T12:12:51.993Z
star this property question first ministerially corrected
less than 2023-08-11T13:29:16.343Zmore like thismore than 2023-08-11T13:29:16.343Z
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
star this property previous answer version
87876
star this property answering member constituency Arundel and South Downs more like this
star this property answering member printed Andrew Griffith more like this
star this property answering member
4874
star this property label Biography information for Andrew Griffith more like this
unstar this property tabling member
3930
unstar this property label Biography information for Caroline Lucas more like this
874356
star this property registered interest false more like this
unstar this property date less than 2018-03-28more like thismore than 2018-03-28
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Low Pay more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what is their estimate of the number of (1) employees, and (2) other workers, in the UK who earn less than the personal tax threshold in any one job; and of those, how many are (a) male, and (b) female. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL6742 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2018-04-09more like thismore than 2018-04-09
star this property answer text <p>Estimates of the number of individuals with earnings less than the Income Tax Personal Allowance in any one job are shown in the table below. The table relates to the 2015-16 tax year when the Personal Allowance was £10,600.</p><p> </p><p>The figures are for people employed and taxed through Pay As You Earn Income Tax and with self-employment income taxed through Self Assessment. Individuals included in the table may have had more than one job in the year where they earnt below the Personal Allowance. The figures also include individuals with an income above £10,600 in one job, but who also had at least one job with PAYE or self-employment earnings below £10,600 in 2015-16.</p><p> </p><p> </p><table><tbody><tr><td colspan="3"><p>Individuals with earnings less than the Income Tax Personal Allowance in any one job, 2015-16 tax year (millions)</p></td></tr><tr><td><p> </p></td><td><p>Employees <sup>(1)</sup></p></td><td><p>Self employed <sup>(2)(3)</sup></p></td></tr><tr><td><p>Male</p></td><td><p><del class="ministerial">8.34</del><ins class="ministerial">6.83</ins></p></td><td><p>2.11</p></td></tr><tr><td><p>Female</p></td><td><p><del class="ministerial">6.83</del><ins class="ministerial">8.34</ins></p></td><td><p>1.55</p></td></tr><tr><td><p>All</p></td><td><p>15.17</p></td><td><p>3.66</p></td></tr></tbody></table><p> </p><p>Notes</p><ol><li><p>Based on Pay As You Earn data. The earnings definition used is the same as used in the publication, <em>UK Real Time Information, Experimental Statistics</em>.</p></li><li><p>The figures for self-employment income sources are based on the 2015-16 Survey of Personal</p><p>Incomes and consistent with information published in tables 3.9 and 3.10 of HMRC’s Personal Incomes statistics, tables 3.1 to 3.11.</p></li><li><p>Includes those who were trading but made a loss for the tax year.</p></li></ol><p> </p><p> </p>
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-04-09T13:27:34.447Zmore like thismore than 2018-04-09T13:27:34.447Z
star this property question first ministerially corrected
less than 2018-06-28T16:24:54.473Zmore like thismore than 2018-06-28T16:24:54.473Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property previous answer version
51495
star this property answering member printed Lord Bates more like this
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
unstar this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this
946853
star this property registered interest false more like this
unstar this property date less than 2018-07-23more like thismore than 2018-07-23
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Treasury: Public Bodies more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many contractors employed in (a) the Government Actuary's Department, (b) HM Revenue and Customs,(c) HM Treasury Group, (d) National Savings & Investments, (e) Office for National Statistics, (f) Royal Mint, and (g) Valuation Office Agency are paid £1,000 or more per day. more like this
star this property tabling member constituency Dundee West more like this
star this property tabling member printed
Chris Law more like this
star this property uin 167300 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2018-09-04more like thismore than 2018-09-04
star this property answer text <p>HM Revenue and Customs<del class="ministerial"> currently</del> makes use of <del class="ministerial">2</del> <ins class="ministerial">one </ins>contractor<del class="ministerial">s</del> in that category. There are none being employed at the others.</p> more like this
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property question first answered
less than 2018-09-04T14:09:39.257Zmore like thismore than 2018-09-04T14:09:39.257Z
star this property question first ministerially corrected
less than 2018-09-10T13:27:53.947Zmore like thismore than 2018-09-10T13:27:53.947Z
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
star this property previous answer version
73089
star this property answering member constituency Newark more like this
star this property answering member printed Robert Jenrick more like this
star this property answering member
4320
star this property label Biography information for Robert Jenrick more like this
unstar this property tabling member
4403
unstar this property label Biography information for Chris Law more like this
1454977
star this property registered interest false more like this
unstar this property date less than 2022-03-28more like thismore than 2022-03-28
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Business: Taxation more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to his objective to make tax digital for income tax self assessment, what latest estimate he has made of the numbers of UK businesses and landlords with annual business income above £100,000 who are (a) already fully converted to managing their records and payments digitally, (b) equipped to manage their records and payments digitally but not yet converted in full, and (c) not yet equipped to manage their records and payments digitally. more like this
star this property tabling member constituency Islington South and Finsbury more like this
star this property tabling member printed
Emily Thornberry more like this
star this property uin 148093 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2022-04-04more like thismore than 2022-04-04
star this property answer text <p>HMRC research shows that 97 per cent of small businesses and landlords within the scope of Making Tax Digital (MTD) have access to a compatible device on which to operate it. For MTD for Income Tax, HMRC research shows that 52 per cent of businesses in scope incorporate spreadsheets and 22 per cent incorporate software into their recordkeeping practices. In September 2021, the Government announced businesses would have an extra year to prepare for MTD for Income Tax. Free software will be available for the smallest businesses with straightforward affairs.</p><p> </p><p>Over a third of VAT registered businesses with taxable turnover below £85,000 <del class="ministerial">have</del> <ins class="ministerial">had </ins>already voluntarily chosen to join MTD for VAT, demonstrating that a modern and digital approach to managing tax can work for businesses of every size. HMRC <del class="ministerial">research</del> <ins class="ministerial">survey data from 2020 </ins>shows that around <del class="ministerial">80</del> <ins class="ministerial">61 </ins>per cent of VAT-registered businesses below the VAT threshold already employ<ins class="ministerial"> compliant software in readiness for MTD</ins> <del class="ministerial">a digital record-keeping system</del>. Online submissions for VAT returns have been mandatory for all VAT-registered businesses since 2010.</p>
star this property answering member constituency South East Cambridgeshire more like this
star this property answering member printed Lucy Frazer more like this
star this property question first answered
less than 2022-04-04T15:09:26.133Zmore like thismore than 2022-04-04T15:09:26.133Z
star this property question first ministerially corrected
less than 2022-04-22T10:55:26.653Zmore like thismore than 2022-04-22T10:55:26.653Z
star this property answering member
4517
star this property label Biography information for Lucy Frazer more like this
star this property previous answer version
62455
star this property answering member constituency South East Cambridgeshire more like this
star this property answering member printed Lucy Frazer more like this
star this property answering member
4517
star this property label Biography information for Lucy Frazer more like this
unstar this property tabling member
1536
unstar this property label Biography information for Emily Thornberry more like this