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1300184

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax: Coronavirus
	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 increasing corporation tax now for those companies with a higher profit margin during the covid-19 outbreak.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	164652
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>It is right that businesses share in the burden of restoring the public finances to a sustainable footing; that is why the Government announced an increase in the rate of Corporation Tax at Budget. The rate increase will not come into force until April 2023, by which time GDP is forecast to have recovered to its pre-pandemic level.</p><p> </p><p>Companies that have made profits during the pandemic have continued to pay Corporation Tax on those profits as normal. Corporation Tax is charged in line with the level of a company’s profits, so more profitable companies will have contributed more.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:20:51 answering member 3991 label Biography information for Jesse Norman
	tabling member	4786 label Biography information for Zarah Sultana

1301903

	registered interest
	date	11/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Off-payroll Working
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he has had with relevant stakeholders on the potential merits of establishing an exemption process for freelance workers who will be subject to forthcoming IR35 legislation.
	tabling member constituency	Delyn
	tabling member printed	Rob Roberts
	uin	167339
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The changes to the off-payroll working rules come into effect on 6 April 2021. The changes do not introduce a new tax liability. They ensure that the current rules, which have been in place since 2000, are applied correctly and complied with as originally intended.</p><p> </p><p>The rules only apply to individuals who are working like employees under the current employment status tests, and do not apply to the self-employed. It is fair that two individuals working in a similar way pay broadly the same tax and NICs, even if one of them works through their own company.</p><p> </p><p>Establishing exemptions for a certain group of taxpayers, regardless of whether they are working like employees under existing employment status law, would undermine the key principle of the rules that individuals working in a similar way should pay a similar amount of tax.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:31:35 answering member 3991 label Biography information for Jesse Norman
	tabling member	4810 label Biography information for Mr Rob Roberts

1300242

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	High Income Child Benefit Tax Charge
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 1 March 2021 to Question 155212, on Child Benefit, what estimate his Department has made of the number of basic rate taxpayers that will be affected by the High Income Child Benefit Charge in the 2021-22 tax year.
	tabling member constituency	Linlithgow and East Falkirk
	tabling member printed	Martyn Day
	uin	164540
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The information requested could only be made available at disproportionate cost.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:18:04 answering member 3991 label Biography information for Jesse Norman
	tabling member	4488 label Biography information for Martyn Day

1300407

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	IVF: Import Duties
	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 removing import tax on sperm and egg donations coming from the EU.
	tabling member constituency	Battersea
	tabling member printed	Marsha De Cordova
	uin	164618
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The Government is currently reviewing a number of questions raised about the correct VAT treatment of the import of sperm and eggs into the UK.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:28:26 answering member 3991 label Biography information for Jesse Norman
	tabling member	4676 label Biography information for Marsha De Cordova

1301827

	registered interest
	date	11/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employment Income Support Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Self-Employment Income Support Scheme, what assessment his Department has made of the potential merits of an advance payment system for people who are (a) facing financial hardship and (b) struggling financially following payment of self-assessment tax returns prior to the issuing of the fourth grant under that scheme.
	tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
	tabling member printed	Drew Hendry
	uin	167261
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The fourth Self-Employment Income Support Scheme (SEISS) grant will be available to claim from late April and HMRC will contact potential claimants from mid-April. This is because HMRC will need to process the data received in millions of 2019/20 Self-Assessment returns prior to making payments.</p><p> </p><p>In recognition of the immense pressures that many people are facing due the pandemic, the Government sought to provide a breathing space by waiving the penalty for the late filing of tax returns received after the 31 January statutory deadline and by 28 February. Self-Assessment returns filed by 2 March can now be taken into account for the fourth and fifth SEISS grant.</p><p> </p><p>For those requiring further support, the SEISS continues to be just one element of a wider package of support for the self-employed. The temporary £20 per week increase to the Universal Credit standard allowance has been extended for six months, and the Government has decided to extend the suspension of the Minimum Income Floor for three months, to the end of July 2021, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition to this, they may also have access to other elements of the package, including Restart Grants, the Recovery Loan scheme, business rates relief, and other business support schemes.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:12:10 answering member 3991 label Biography information for Jesse Norman
	tabling member	4467 label Biography information for Drew Hendry

1301847

	registered interest
	date	11/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Technology: Capital Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether investment in technology and digital transformation is eligible for super-deduction.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	167199
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Expenditure on the provision of plant and machinery for leasing is not eligible for the new 130% super-deduction capital allowance, as is the case with other first year allowances such as Enhanced Capital Allowances in Enterprise Zones.</p><p> </p><p>The super-deduction applies to investment on qualifying plant and machinery, including where that plant and machinery is for the purposes of digital transformation.</p><p> </p><p>The Government takes fraud, abuse and tax avoidance very seriously, which is why the Government has taken repeated action at fiscal events to tackle fraud, abuse and avoidance in the tax system.</p><p> </p><p>The super-deduction has been designed to safeguard against those risks. The legislation includes an anti-avoidance provision that applies to counteract arrangements which are contrived, abnormal or lacking a genuine commercial purpose. Further, there are existing rules that exclude connected party transactions from first-year allowances.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 167193 167301 question first answered 16/03/2021 13:14:30 answering member 3991 label Biography information for Jesse Norman
	tabling member	4124 label Biography information for Chi Onwurah

1302007

	registered interest
	date	11/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Capital Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether investment in plant and machinery intended to be subsequently leased is eligible for the new 130 per cent super deduction capital allowance.
	tabling member constituency	Houghton and Sunderland South
	tabling member printed	Bridget Phillipson
	uin	167193
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Expenditure on the provision of plant and machinery for leasing is not eligible for the new 130% super-deduction capital allowance, as is the case with other first year allowances such as Enhanced Capital Allowances in Enterprise Zones.</p><p> </p><p>The super-deduction applies to investment on qualifying plant and machinery, including where that plant and machinery is for the purposes of digital transformation.</p><p> </p><p>The Government takes fraud, abuse and tax avoidance very seriously, which is why the Government has taken repeated action at fiscal events to tackle fraud, abuse and avoidance in the tax system.</p><p> </p><p>The super-deduction has been designed to safeguard against those risks. The legislation includes an anti-avoidance provision that applies to counteract arrangements which are contrived, abnormal or lacking a genuine commercial purpose. Further, there are existing rules that exclude connected party transactions from first-year allowances.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 167199 167301 question first answered 16/03/2021 13:14:30 answering member 3991 label Biography information for Jesse Norman
	tabling member	4046 label Biography information for Bridget Phillipson

1302013

	registered interest
	date	11/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	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 effect the £50,000 threshold for the new small profits rate of corporation tax will have on incentives for corporations with profits just below that level to expand their worth.
	tabling member constituency	Houghton and Sunderland South
	tabling member printed	Bridget Phillipson
	uin	167194
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>From April 2023 companies with small profits, those companies with profits of £50,000 or less, will continue to pay 19%. That means that c.70% of actively trading companies will be protected from a rate increase.</p><p> </p><p>Marginal relief will be available for companies with profits between £50,000 and £250,000 ensuring that the effective rate of Corporation Tax increases gradually for companies with profits over £50,000, and that only about 10% of companies will pay the full main rate.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:30:02 answering member 3991 label Biography information for Jesse Norman
	tabling member	4046 label Biography information for Bridget Phillipson

1301818

	registered interest
	date	11/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	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 effect on economic activity and investment of the corporation tax taper from 2023-24 on profits between £50,000 and £250,000.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	167298
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The taper on profits between £50,000 and £250,000 is designed to ensure that the benefit of the small profits rate is targeted at the smallest businesses, while at the same time minimising economic distortions for those to which it applies.</p><p> </p><p>Companies with profits within the taper will continue to be subject to an effective tax rate on profit that is below the main rate.</p><p> </p><p>The economic impacts of the Corporation Tax rate increase are forecast by the independent Office for Budget Responsibility and contained within its Economic and Fiscal Outlook.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:26:37 answering member 3991 label Biography information for Jesse Norman
	tabling member	4657 label Biography information for Anneliese Dodds

1301819

	registered interest
	date	11/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Employment: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department plans to offer a retention incentive to businesses who continue to employ furloughed workers following the withdrawal of the Job Retention Bonus.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	167299
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The objective of the Job Retention Bonus (JRB) was to incentivise employers to retain employees between November, when the Coronavirus Job Retention Scheme (CJRS) was due to end, and the end of January through a £1,000 bonus paid to the employer. However, the subsequent extension of the CJRS to April (now September) allowed employers to retain their staff during that period by covering 80% of the furloughed employees’ wages. Given this further extension to the end of September, the policy intent of the JRB falls away.</p><p> </p><p>The Government remains committed to redeploying a retention incentive at the appropriate time.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:54:48 answering member 3991 label Biography information for Jesse Norman
	tabling member	4657 label Biography information for Anneliese Dodds