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229077

	registered interest
	date	23/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Annuities
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the figures in table 2.1 of Budget 2015 on a secondary market in annuities, how many people receiving an annuity income will have to reassign that income to a third party and take the value as a lump sum in order to generate the projected additional revenues of £535 million in 2016-17 and £540 million in 2017-18.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Cathy Jamieson
	uin	228657
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>From April 2016, the government will change the tax rules to allow people who are already receiving income from an annuity to assign that income to a third party, subject to agreement from their annuity provider. The proceeds of the assignment could then be taken directly or drawn down over a number of years, and would be taxed at their marginal rate, in the same way as those taking their pension after April 2015.</p><p> </p><p> </p><p> </p><p>Details of how the costs of this measure have been calculated including the number of annuities that could be assigned can be found in the Budget 2015 Policy Costings document here:</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413895/Policy_Costings_18_00.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413895/Policy_Costings_18_00.pdf</a></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228658 228659 question first answered 26/03/2015 09:00:04 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4011 label Biography information for Cathy Jamieson

229078

	registered interest
	date	23/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Annuities
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, with reference to the figures in table 2.1 of Budget 2015 on a secondary market in annuities, for what reason income tax revenue is projected to fall by £130 million in 2018-19 and £120 million in 2019-20.
	tabling member constituency	Kilmarnock and Loudoun
	tabling member printed	Cathy Jamieson
	uin	228658
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>From April 2016, the government will change the tax rules to allow people who are already receiving income from an annuity to assign that income to a third party, subject to agreement from their annuity provider. The proceeds of the assignment could then be taken directly or drawn down over a number of years, and would be taxed at their marginal rate, in the same way as those taking their pension after April 2015.</p><p> </p><p> </p><p> </p><p>Details of how the costs of this measure have been calculated including the number of annuities that could be assigned can be found in the Budget 2015 Policy Costings document here:</p><p> </p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413895/Policy_Costings_18_00.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413895/Policy_Costings_18_00.pdf</a></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228657 228659 question first answered 26/03/2015 09:00:04 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4011 label Biography information for Cathy Jamieson

228778

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Swansea
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans he has for the future of HM Revenue and Customs' offices at Swansea; and if he will make a statement.
	tabling member constituency	Llanelli
	tabling member printed	Nia Griffith
	uin	228548
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>HMRC has been discussing a vision of its future to 2020 and beyond with its workforce, through a national conversation called Building our Future. Through this, HMRC has outlined how it proposes to transform services to its customers and set out what this means for the future size, shape and location of the Department.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>HMRC has set out its early thinking about the principles that will determine its future location strategy, which involves bringing teams closer together in a smaller number of large, modern, adaptable Regional Centres. These centres will be supported by a UK-wide network of smaller specialist and touchdown sites.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>HMRC has told staff that, it believes that Cardiff is the most suitable location for a future Regional Centre in Wales, since it is already the biggest HMRC location in the country. However, no firm decisions have yet been made on the precise location or timing of a new HMRC Regional Centre in Cardiff or the nature and timing of impacts on other HMRC locations in Wales including Swansea.</p><p> </p><p> </p><p> </p><p>HMRC will be developing its plans over coming months and will share details of them as they emerge. HMRC will naturally undertake all necessary consultations and impact assessments.</p><p> </p><p> </p><p> </p><p>HMRC shared the main elements of this vision with MPs and Assembly Members in October 14 and will continue to keep MPs and Assembly Members informed of the outcomes of these conversations.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 17:42:04 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1541 label Biography information for Dame Nia Griffith

228854

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-assessment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, where he plans digital tax accounts will be held; how he plans to protect such accounts against cyber attacks; and what safeguards he plans to put in place for those accounts to protect privacy.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	228639
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>The digital tax accounts will be accessible through Gov.UK and are therefore protected by the strong security built into that product to protect the accounts from cyber attacks. For anyone to access the digital accounts they will have to have authenticated their identity through the Government Gateway process or by the Verify route. These robust identity checks will enable customers to securely access their data within their account.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 17:43:38 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4124 label Biography information for Chi Onwurah

228490

	registered interest
	date	19/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many VAT-registered property rental companies there were in each year since May 2010.
	tabling member constituency	Airdrie and Shotts
	tabling member printed	Pamela Nash
	uin	228302
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>Supplies of residential property letting are exempt from VAT, so businesses that only make such exempt supplies are not entitled to register for VAT.</p><p> </p><p> </p><p> </p><p>In each of the relevant years, the number of VAT- registered businesses whose declared trade classification was Letting or Renting own or Leased Real Estate was as follows:</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p><p>Year</p></td><td><p> </p><p>No of VAT registered businesses</p></td></tr><tr><td><p> </p><p>2005</p></td><td><p>4,089</p></td></tr><tr><td><p> </p><p>2006</p></td><td><p>4,997</p></td></tr><tr><td><p> </p><p>2007</p></td><td><p>6,264</p></td></tr><tr><td><p> </p><p>2008</p></td><td><p>10,860</p></td></tr><tr><td><p> </p><p>2009</p></td><td><p>14,701</p></td></tr><tr><td><p> </p><p>2010</p></td><td><p> </p><p>18,774</p></td></tr><tr><td><p> </p><p>2011</p></td><td><p> </p><p>22,520</p></td></tr><tr><td><p> </p><p>2012</p></td><td><p> </p><p>26,076</p></td></tr><tr><td><p> </p><p>2013</p></td><td><p> </p><p>29,149</p></td></tr><tr><td><p> </p><p>2014</p></td><td><p> </p><p>32,502</p></td></tr></tbody></table><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 227906 question first answered 25/03/2015 17:47:41 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3909 label Biography information for Pamela Nash

228265

	registered interest
	date	18/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cooperatives
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, for what reasons the Financial Conduct Authority does not use the definition agreed by the International Labour Organisation of a co-operative society.
	tabling member constituency	Birmingham, Hall Green
	tabling member printed	Mr Roger Godsiff
	uin	228196
	answer	answer is ministerial correction date of answer 23/03/2015 answer text <p>This is a matter for the Financial Conduct Authority (FCA) who are operationally independent from Government.</p><p> </p><p> </p><p> </p><p>This question has been passed on to the FCA. The FCA will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 23/03/2015 16:57:37 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	304 label Biography information for Mr Roger Godsiff

227694

	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	VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many VAT-registered property rental companies there were in each year since May 2010.
	tabling member constituency	Airdrie and Shotts
	tabling member printed	Pamela Nash
	uin	227906
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>Supplies of residential property letting are exempt from VAT, so businesses that only make such exempt supplies are not entitled to register for VAT.</p><p> </p><p> </p><p> </p><p>In each of the relevant years, the number of VAT- registered businesses whose declared trade classification was Letting or Renting own or Leased Real Estate was as follows:</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p><p>Year</p></td><td><p> </p><p>No of VAT registered businesses</p></td></tr><tr><td><p> </p><p>2005</p></td><td><p>4,089</p></td></tr><tr><td><p> </p><p>2006</p></td><td><p>4,997</p></td></tr><tr><td><p> </p><p>2007</p></td><td><p>6,264</p></td></tr><tr><td><p> </p><p>2008</p></td><td><p>10,860</p></td></tr><tr><td><p> </p><p>2009</p></td><td><p>14,701</p></td></tr><tr><td><p> </p><p>2010</p></td><td><p> </p><p>18,774</p></td></tr><tr><td><p> </p><p>2011</p></td><td><p> </p><p>22,520</p></td></tr><tr><td><p> </p><p>2012</p></td><td><p> </p><p>26,076</p></td></tr><tr><td><p> </p><p>2013</p></td><td><p> </p><p>29,149</p></td></tr><tr><td><p> </p><p>2014</p></td><td><p> </p><p>32,502</p></td></tr></tbody></table><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228302 question first answered 25/03/2015 17:47:41 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3909 label Biography information for Pamela Nash

227711

	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	Staff
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many and what proportion of employees in his Department identify as (a) white or white British, (b) Asian or Asian British, (c) Black or Black British, (d) mixed or multiple ethnic group and (e) another ethnicity.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	227968
	answer	answer is ministerial correction date of answer 23/03/2015 answer text <p>The Treasury publishes information about the diversity of its workforce in its Annual Report and Accounts.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 23/03/2015 16:51:54 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3915 label Biography information for Gloria De Piero

227713

	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	Inheritance Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many estates notified for probate and valued up to £1 million paid no inheritance tax in each year since May 2010.
	tabling member constituency	Airdrie and Shotts
	tabling member printed	Pamela Nash
	uin	227908
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>Estimates of the numbers of estates with values up to £1million notified to HMRC that are not liable to Inheritance Tax for deaths in years up to 2011/12 (the latest year for which information is currently available) have been published at <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/338970/140729Table12-3DUChecked.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/338970/140729Table12-3DUChecked.pdf</a>.</p><p> </p><p> </p><p> </p><p>Many of the estates in this table with a ‘net estate’ value of more than the Inheritance Tax threshold (including any unused amount transferred from a deceased spouse or civil partner) do not have a liability because of the availability of reliefs and exemptions, which will reduce the net estate value to below this threshold.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 11:19:25 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3909 label Biography information for Pamela Nash

227716

	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	National Savings Bonds: Pensioners
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, for what reasons Pensioner Bonds are not included in the Tax Deduction Scheme for Interest.
	tabling member constituency	Bedford
	tabling member printed	Richard Fuller
	uin	227947
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>At Budget 2015, the Chancellor announced that from April 6<sup>th</sup> 2016, a new savings allowance will remove 95% of people from savings income tax. As a result the industry is expected to switch off the Tax Deduction Scheme for Interest (TDSI), and NS&amp;I plan to start paying interest gross on all taxable products, including the 65+ “Pensioner” Bond.</p><p> </p><p> </p><p> </p><p>The Bonds are not included in TDSI as NS&amp;I as a whole does not operate TDSI. Instead NS&amp;I decide on a product-by-product basis as to whether taxable products should be paid net or gross of basic rate tax. At the time 65+ bonds were being developed, the majority of pensioners were basic rate tax payers, and therefore liable to be taxed at the basic rate on the interest on their savings. Paying interest net of the basic rate on 65+ bonds meant that the majority of customers would be taxed correctly without the need to intervene.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>When TDSI was implemented in 1991, it was decided that it was not appropriate or cost-effective for NS&amp;I. The option to join was kept under review, but as 72% of NS&amp;I’s total stock is invested in tax-free products, and a large proportion of NS&amp;I customers are not liable to pay tax on the remaining taxable products, it is considered to be prohibitively expensive to the taxpayer for NS&amp;I to join the scheme.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 11:25:08 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3912 label Biography information for Richard Fuller