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1190607

	registered interest
	date	27/04/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	40554
	answer	answer is ministerial correction date of answer 04/05/2020 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> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 04/05/2020 12:51:42 question first ministerially corrected 19/05/2020 17:20:45 answering member 4597 label Biography information for Kemi Badenoch previous answer version 18197 answering member constituency Saffron Walden answering member printed Kemi Badenoch answering member 4597 label Biography information for Kemi Badenoch
	tabling member	3930 label Biography information for Caroline Lucas

1651688

	registered interest
	date	10/07/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Savings and Investments: Environment Protection
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	193094
	answer	answer is ministerial correction date of answer 17/07/2023 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> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 17/07/2023 12:12:51 question first ministerially corrected 11/08/2023 13:29:16 answering member 4874 label Biography information for Andrew Griffith previous answer version 87876 answering member constituency Arundel and South Downs answering member printed Andrew Griffith answering member 4874 label Biography information for Andrew Griffith
	tabling member	3930 label Biography information for Caroline Lucas

1548549

	registered interest
	date	05/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Energy: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 30 November 2022 to Question 93499 on Energy: Taxation, what estimate he has made of the value of the tax reliefs allowed for.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	102836
	answer	answer is ministerial correction date of answer 13/12/2022 answer text Estimates of the cost of tax reliefs used by oil and gas companies under the Ring Fenced Corporation Tax (RFCT) and Petroleum Revenue Tax (PRT) regimes are published at <a href="https://www.gov.uk/government/collections/tax-relief-statistics" target="_blank">tax relief statistics gov.uk (www.gov.uk).</a> Future releases of these statistics will likely include estimates for first year capital allowances and the investment allowance for the new Energy Profits Levy, once outturn data is available. The estimates in these statistics do not take account of any behavioural effects that would result from removing the reliefs. answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 13/12/2022 16:47:37 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas

1656154

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-assessment: Fines
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many self-employed people that didn't file their tax returns on time were issued fines worth more than they originally owed in tax in the 2022-23 financial year; if he will (a) take steps to support self-employed people filing their tax returns and (b) make an assessment of the proportionality of fines issued to self-employed people for late filing of a tax return when there is no tax owing; and if he will make a statement.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	195851
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>HMRC does not have data relating to the 2022/23 SA Returns because customers have until 31 January 2024 to file these returns.</p><p><strong> </strong></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 11/09/2023 13:24:31 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas

1660044

	registered interest
	date	12/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employed: Fines
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many self-employed people that did not file their tax returns on time were issued fines worth more than they originally owed in tax in the 2021-22 financial year; if he will (a) take steps to support self-employed people filing their tax returns and (b) make an assessment of the proportionality of fines issued to self-employed people for late filing of a tax return when there is no tax owing; and if he will make a statement.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	199052
	answer	answer is ministerial correction date of answer 19/09/2023 answer text <p>HMRC cannot provide this information because data transfer and assurance processes between the live SA system and those used for analytical purposes are not yet complete for the year requested. In addition the penalty life cycle is not yet complete for 2021-22 and many late returns, which will inform Self Employment status and income, have not yet been submitted.</p><p> </p><p>HMRC issues SA tax returns to customers when the information they hold suggests that the customer meets the published criteria for completing one. HMRC often cannot determine someone’s tax liability until they have sent in a tax return, therefore they need the return to establish whether there is tax due or not.</p><p> </p><p>HMRC charges late final penalties to encourage customers to file on time but they can cancel a customer’s late filing penalty if they have a reasonable excuse. Customers can also ask HMRC to remove them from the SA process for future years if they no longer meet the criteria.</p><p> </p><p>HMRC is currently reforming late payment and late filing penalties. Their aim is to encourage those who persistently default to comply with their tax obligations rather than penalise those who make occasional errors.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 19/09/2023 09:48:45 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas

1544615

	registered interest
	date	22/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Fossil Fuels: Carbon Emissions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent estimate he has made of (a) how much oil and gas companies will spend on upstream decarbonisation and (b) by how much the investment allowance for decarbonisation for oil and gas companies will reduce total North Sea revenues in each financial year from 2022-23 to 2027-28.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	93497
	answer	answer is ministerial correction date of answer 30/11/2022 answer text <p>The Energy Profits Levy (EPL) was introduced in May in response to sharp increases in oil and gas prices over the past year. At the Autumn Statement 2022, the Chancellor announced that the rate of the levy would rise by ten percentage points to 35%, effective from 1 January 2023. The levy has also been extended until 31 March 2028.</p><p> </p><p>The Government has been clear it wants to see the oil and gas sector reinvest its profits to support the economy, jobs and the UK’s energy security. That is why, from 1 January 2023, the Government will maintain the existing cash value of the levy’s investment allowance for most types of investment expenditure, ensuring that for every £1 an oil and gas company invests, they will continue being able to claim around 91p in tax relief.</p><p> </p><p>For expenditure in upstream decarbonisation, the allowance will remain at 80%, meaning for every £100 an oil and gas company invests to decarbonise oil and gas production, they will be able to deduct £109.25 when calculating their levy profits. This provides an immediate and significant fiscal incentive to reinvest profits in the UK.</p><p> </p><p>Since the levy is targeted at the extraordinary profits from oil and gas upstream activities, any relief for investment must also be related to oil and gas upstream activities. Therefore, tax relief is only available in relation to expenditure incurred for activity that is charged under the oil and gas ring fence corporation tax regime. For other investments, such as renewables, companies will be able to deduct investment costs from their corporation tax.</p><p> </p><p>The Office for Budget Responsibility’s (OBR) forecast at Autumn Statement 2022 estimates revenues from EPL are expected to be £41.6 billion between 2022-23 and 2027-28. This is inclusive of the impact of the investment allowance, consistent with previous revenue projections for the levy.</p><p> </p><p>Oil and gas producers are commercial entities and the Government does not comment on individual taxpayers.</p><p> </p><p>The Autumn Statement also confirmed the Government will engage stakeholders as part of a review to consider the UK’s long-term tax treatment of the North Sea after the Energy Profits Levy ceases in March 2028. Further details will be announced in due course.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 93498 93500 93501 93502 question first answered 30/11/2022 11:37:32 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas

1544616

	registered interest
	date	22/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Energy: Taxation
	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 likelihood of North Sea Oil and Gas companies front-loading investment in new oil and gas extraction over the next three years in order to benefit from additional tax relief under the Energy Profits Levy; and if he will make a statement.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	93498
	answer	answer is ministerial correction date of answer 30/11/2022 answer text <p>The Energy Profits Levy (EPL) was introduced in May in response to sharp increases in oil and gas prices over the past year. At the Autumn Statement 2022, the Chancellor announced that the rate of the levy would rise by ten percentage points to 35%, effective from 1 January 2023. The levy has also been extended until 31 March 2028.</p><p> </p><p>The Government has been clear it wants to see the oil and gas sector reinvest its profits to support the economy, jobs and the UK’s energy security. That is why, from 1 January 2023, the Government will maintain the existing cash value of the levy’s investment allowance for most types of investment expenditure, ensuring that for every £1 an oil and gas company invests, they will continue being able to claim around 91p in tax relief.</p><p> </p><p>For expenditure in upstream decarbonisation, the allowance will remain at 80%, meaning for every £100 an oil and gas company invests to decarbonise oil and gas production, they will be able to deduct £109.25 when calculating their levy profits. This provides an immediate and significant fiscal incentive to reinvest profits in the UK.</p><p> </p><p>Since the levy is targeted at the extraordinary profits from oil and gas upstream activities, any relief for investment must also be related to oil and gas upstream activities. Therefore, tax relief is only available in relation to expenditure incurred for activity that is charged under the oil and gas ring fence corporation tax regime. For other investments, such as renewables, companies will be able to deduct investment costs from their corporation tax.</p><p> </p><p>The Office for Budget Responsibility’s (OBR) forecast at Autumn Statement 2022 estimates revenues from EPL are expected to be £41.6 billion between 2022-23 and 2027-28. This is inclusive of the impact of the investment allowance, consistent with previous revenue projections for the levy.</p><p> </p><p>Oil and gas producers are commercial entities and the Government does not comment on individual taxpayers.</p><p> </p><p>The Autumn Statement also confirmed the Government will engage stakeholders as part of a review to consider the UK’s long-term tax treatment of the North Sea after the Energy Profits Levy ceases in March 2028. Further details will be announced in due course.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 93497 93500 93501 93502 question first answered 30/11/2022 11:37:32 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas

1544617

	registered interest
	date	22/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Energy: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has made an estimate of the amount that would be raised by the Energy Profits Levy over the next six years if tax relief is not provided to companies which invest in new oil and gas extraction in the UK.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	93499
	answer	answer is ministerial correction date of answer 30/11/2022 answer text <p>We estimate that the EPL will raise about £40 billion over the next 6 years, allowing for tax reliefs.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 30/11/2022 17:14:18 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas

1544619

	registered interest
	date	22/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equinor: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the amount Norwegian oil company Equinor could receive in tax relief through the Energy Profits Levy investment allowance if the Rosebank oil field development goes ahead.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	93500
	answer	answer is ministerial correction date of answer 30/11/2022 answer text <p>The Energy Profits Levy (EPL) was introduced in May in response to sharp increases in oil and gas prices over the past year. At the Autumn Statement 2022, the Chancellor announced that the rate of the levy would rise by ten percentage points to 35%, effective from 1 January 2023. The levy has also been extended until 31 March 2028.</p><p> </p><p>The Government has been clear it wants to see the oil and gas sector reinvest its profits to support the economy, jobs and the UK’s energy security. That is why, from 1 January 2023, the Government will maintain the existing cash value of the levy’s investment allowance for most types of investment expenditure, ensuring that for every £1 an oil and gas company invests, they will continue being able to claim around 91p in tax relief.</p><p> </p><p>For expenditure in upstream decarbonisation, the allowance will remain at 80%, meaning for every £100 an oil and gas company invests to decarbonise oil and gas production, they will be able to deduct £109.25 when calculating their levy profits. This provides an immediate and significant fiscal incentive to reinvest profits in the UK.</p><p> </p><p>Since the levy is targeted at the extraordinary profits from oil and gas upstream activities, any relief for investment must also be related to oil and gas upstream activities. Therefore, tax relief is only available in relation to expenditure incurred for activity that is charged under the oil and gas ring fence corporation tax regime. For other investments, such as renewables, companies will be able to deduct investment costs from their corporation tax.</p><p> </p><p>The Office for Budget Responsibility’s (OBR) forecast at Autumn Statement 2022 estimates revenues from EPL are expected to be £41.6 billion between 2022-23 and 2027-28. This is inclusive of the impact of the investment allowance, consistent with previous revenue projections for the levy.</p><p> </p><p>Oil and gas producers are commercial entities and the Government does not comment on individual taxpayers.</p><p> </p><p>The Autumn Statement also confirmed the Government will engage stakeholders as part of a review to consider the UK’s long-term tax treatment of the North Sea after the Energy Profits Levy ceases in March 2028. Further details will be announced in due course.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 93497 93498 93501 93502 question first answered 30/11/2022 11:37:32 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas

1544621

	registered interest
	date	22/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Energy: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what proportion of investment by oil and gas companies in decarbonisation, over the period for which they will be eligible under the Energy Profits Levy for the current investment allowance rate of 80 per cent, will result in the generation of renewable power (a) for use by UK consumers via the grid, and (b) for their own production purposes.
	tabling member constituency	Brighton, Pavilion
	tabling member printed	Caroline Lucas
	uin	93501
	answer	answer is ministerial correction date of answer 30/11/2022 answer text <p>The Energy Profits Levy (EPL) was introduced in May in response to sharp increases in oil and gas prices over the past year. At the Autumn Statement 2022, the Chancellor announced that the rate of the levy would rise by ten percentage points to 35%, effective from 1 January 2023. The levy has also been extended until 31 March 2028.</p><p> </p><p>The Government has been clear it wants to see the oil and gas sector reinvest its profits to support the economy, jobs and the UK’s energy security. That is why, from 1 January 2023, the Government will maintain the existing cash value of the levy’s investment allowance for most types of investment expenditure, ensuring that for every £1 an oil and gas company invests, they will continue being able to claim around 91p in tax relief.</p><p> </p><p>For expenditure in upstream decarbonisation, the allowance will remain at 80%, meaning for every £100 an oil and gas company invests to decarbonise oil and gas production, they will be able to deduct £109.25 when calculating their levy profits. This provides an immediate and significant fiscal incentive to reinvest profits in the UK.</p><p> </p><p>Since the levy is targeted at the extraordinary profits from oil and gas upstream activities, any relief for investment must also be related to oil and gas upstream activities. Therefore, tax relief is only available in relation to expenditure incurred for activity that is charged under the oil and gas ring fence corporation tax regime. For other investments, such as renewables, companies will be able to deduct investment costs from their corporation tax.</p><p> </p><p>The Office for Budget Responsibility’s (OBR) forecast at Autumn Statement 2022 estimates revenues from EPL are expected to be £41.6 billion between 2022-23 and 2027-28. This is inclusive of the impact of the investment allowance, consistent with previous revenue projections for the levy.</p><p> </p><p>Oil and gas producers are commercial entities and the Government does not comment on individual taxpayers.</p><p> </p><p>The Autumn Statement also confirmed the Government will engage stakeholders as part of a review to consider the UK’s long-term tax treatment of the North Sea after the Energy Profits Levy ceases in March 2028. Further details will be announced in due course.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 93497 93498 93500 93502 question first answered 30/11/2022 11:37:32 answering member 4399 label Biography information for Victoria Atkins
	tabling member	3930 label Biography information for Caroline Lucas