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1130526

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of how often the annual tapered allowance results in a person being taxed more than 100 per cent of the pensions relief they would have received if they had not reached the allowance limit.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	261239
	answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2016/17 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers.</p><p>The tapered annual allowance is therefore focussed on the highest-earning savers, to ensure that the benefit they receive is not disproportionate to that of other pension savers. Less than one per cent of pension savers will have to reduce their saving or face an annual allowance charge as a result of the tapered annual allowance.</p><p> </p><p>For those who incur annual allowance tax charges, the charge recoups the excess tax relief on the benefits that they have accrued in that year above their annual allowance. The charge is levied at an individual’s marginal rate. For example, an individual with a salary above £150,000 would be taxed at 45% on pension accrual above their annual allowance.</p><p> </p><p>It is not possible to estimate the precise effects of the tapered annual allowance on an individual’s total remuneration without knowing their specific circumstances.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 261240 question first answered 11/06/2019 13:41:45 answering member 4051 label Biography information for John Glen
	tabling member	4385 label Biography information for Dr Philippa Whitford

1130527

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of how often the annual tapered allowance results in a person being taxed more than 100 per cent of the earnings gained from additional sessions or responsibilities.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	261240
	answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2016/17 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers.</p><p>The tapered annual allowance is therefore focussed on the highest-earning savers, to ensure that the benefit they receive is not disproportionate to that of other pension savers. Less than one per cent of pension savers will have to reduce their saving or face an annual allowance charge as a result of the tapered annual allowance.</p><p> </p><p>For those who incur annual allowance tax charges, the charge recoups the excess tax relief on the benefits that they have accrued in that year above their annual allowance. The charge is levied at an individual’s marginal rate. For example, an individual with a salary above £150,000 would be taxed at 45% on pension accrual above their annual allowance.</p><p> </p><p>It is not possible to estimate the precise effects of the tapered annual allowance on an individual’s total remuneration without knowing their specific circumstances.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 261239 question first answered 11/06/2019 13:41:45 answering member 4051 label Biography information for John Glen
	tabling member	4385 label Biography information for Dr Philippa Whitford

1007814

	registered interest
	date	15/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance: Fraud
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what protection is in place to prevent fraudulent use of National Insurance numbers when individuals share the same name and date of birth.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	191939
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>HMRC issue a National Insurance number to an individual shortly before they reach their sixteenth birthday. The process ensures that no two individuals can be issued with the same number, even where they share the same name and date of birth. Where an individual has not been allocated a National Insurance number by HMRC, they can apply to DWP who will undertake a face to face interview to establish their identity and check entitlement to a number. This again ensures a National Insurance number cannot be issued to more than one person.</p><p> </p><p>In each case, a National Insurance number will be unique to each individual and remain the same for life. Both HMRC and DWP take seriously any attempts to use the National Insurance number fraudulently and have a range of measures in place to counter abuse wherever it occurs.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 191940 question first answered 20/11/2018 15:07:21 answering member 3935 label Biography information for Mel Stride
	tabling member	4385 label Biography information for Dr Philippa Whitford

1007815

	registered interest
	date	15/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what systems are in place to distinguish people's National Insurance details when more than one person share the same name and date of birth.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	191940
	answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>HMRC issue a National Insurance number to an individual shortly before they reach their sixteenth birthday. The process ensures that no two individuals can be issued with the same number, even where they share the same name and date of birth. Where an individual has not been allocated a National Insurance number by HMRC, they can apply to DWP who will undertake a face to face interview to establish their identity and check entitlement to a number. This again ensures a National Insurance number cannot be issued to more than one person.</p><p> </p><p>In each case, a National Insurance number will be unique to each individual and remain the same for life. Both HMRC and DWP take seriously any attempts to use the National Insurance number fraudulently and have a range of measures in place to counter abuse wherever it occurs.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 191939 question first answered 20/11/2018 15:07:22 answering member 3935 label Biography information for Mel Stride
	tabling member	4385 label Biography information for Dr Philippa Whitford

971379

	registered interest
	date	10/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Social Security Benefits: EU Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many complaints were received by HMRC from UK Businesses in relation to PDA1 (a) applications and (b) renewals in (i) 2015, (ii) 2016, (iii) 2017 and (iv) 2018.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	172538
	answer	answer is ministerial correction date of answer 13/09/2018 answer text <p>HMRC does not hold this information and to obtain it would be at disproportionate cost.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 13/09/2018 15:16:22 answering member 3935 label Biography information for Mel Stride
	tabling member	4385 label Biography information for Dr Philippa Whitford

964247

	registered interest
	date	03/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	PAYE
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether people paid monthly for whom April was treated as month one prior to the introduction of Real Time Information (RTI), but for whom May would then be treated as month one after the introduction of RTI were overtaxed as a result of missing out on one month of tax-free pay at the point at which RTI was introduced.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	169403
	answer	answer is ministerial correction date of answer 11/09/2018 answer text <p>The introduction of RTI did not result in changes to the tax calendar. The first payment made on or after the 6<sup>th</sup> April is classed as month 1 and this did not change post RTI. No individuals should have been overtaxed as a result of the implementation.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 11/09/2018 10:17:50 answering member 3935 label Biography information for Mel Stride
	tabling member	4385 label Biography information for Dr Philippa Whitford

896260

	registered interest
	date	02/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	PAYE
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what legislative changes were made to enable employers to report real-time information on taxation to HMRC.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	140787
	answer	answer is ministerial correction date of answer 09/05/2018 answer text <p>The Income Tax (Pay As You Earn) (Amendment) Regulations 2012 No. 822 made the amendments necessary to the Income Tax (Pay As You Earn) Regulations 2003 (SI 2003/2682) to enable Pay As You Earn (PAYE) reporting in real time.</p><p> </p><p>The collection of National Insurance contributions (NICs), the income tax construction industry scheme (CIS) and student loan repayments also rely on the PAYE system. Consequently amendments were also made to the Social Security (Contributions) Regulations 2001 (SI 2001/1004), the Income Tax (Construction Industry Scheme) Regulations 2005 (SI 2005/2045) and the Education (Student Loans) (Repayment) Regulations 2009 (SI 2009/470) to reflect the introduction of reporting in real time.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 09/05/2018 14:34:56 answering member 3935 label Biography information for Mel Stride
	tabling member	4385 label Biography information for Dr Philippa Whitford

894781

	registered interest
	date	30/04/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	PAYE
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether the Government made an assessment of the potential merits of a conversion plan when introducing provisions on real-time information reporting to HMRC in order to mitigate the additional tax payable during the second 12-month period of the scheme as a result of moving the start of the tax year in 2013-14 from 1 April to 6 April.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	139512
	answer	answer is ministerial correction date of answer 03/05/2018 answer text <p>There were no changes made to the start of the tax year for Pay As You Earn (PAYE) as a result of the introduction of Real Time Information (RTI) which remained 6 April, or to the deadlines for paying the tax, National Insurance contributions and any other deductions due.</p><p> </p><p>As RTI was not expected to affect the annual levels of tax receipts, no conversion plan for additional tax payable was considered for 2013-14.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 03/05/2018 14:06:38 answering member 3935 label Biography information for Mel Stride
	tabling member	4385 label Biography information for Dr Philippa Whitford

776092

	registered interest
	date	23/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Banks: Closures
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of bank branch closures on people requesting to have their state pension or benefits paid into a bank, building society or credit union account rather than a Post Office account.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	108979
	answer	answer is ministerial correction date of answer 26/10/2017 answer text <p>The Government has not made an assessment.</p><p> </p><p>The Government is committed to improving access to financial services. Access to a transactional bank account is key to enabling people to manage their money on a day-to-day basis effectively, securely and confidently.</p><p> </p><p>Under the Payment Accounts Regulations 2015, the nine largest personal current account providers in the UK are legally required to offer fee-free basic bank accounts to customers who do not have a bank account or who are ineligible for a bank’s standard current account. The Financial Conduct Authority is the body responsible for monitoring and enforcing firms’ compliance with these requirements.</p><p> </p><p>The Government continues to monitor firms’ wider commitments on basic bank accounts, including that applications should be accepted in the same ways as for other personal current accounts (e.g. in branch, online or via other channels).</p><p> </p><p>Since January, 99% of banks’ personal customers are able to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 26/10/2017 13:17:42 answering member 4095 label Biography information for Steve Barclay
	tabling member	4385 label Biography information for Dr Philippa Whitford

750710

	registered interest
	date	11/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Inflation: Debts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his Department has commissioned research on the effect of inflation on household debt.
	tabling member constituency	Central Ayrshire
	tabling member printed	Dr Philippa Whitford
	uin	4384
	answer	answer is ministerial correction date of answer 17/07/2017 answer text <p>The department has not commissioned research on this subject.</p><p> </p><p>The independent Monetary Policy Committee has the primary objective of maintaining price stability. This objective is defined as an inflation target of 2% as measured by the twelve month increase in the Consumer Prices Index.</p><p> </p><p>Household financial positions are stronger than before the financial crisis: net financial wealth as a share of income is close to record highs; debt to income is below pre-crisis levels; and debt interest payments to income are at a record low.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 17/07/2017 10:55:52 answering member 4095 label Biography information for Steve Barclay
	tabling member	4385 label Biography information for Dr Philippa Whitford