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754497

	registered interest
	date	20/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Capital Gains Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much revenue was lost to the Exchequer as a result of the reduction of capital gains tax (a) basic rate to 10 per cent and (b) main rate to 20 per cent excluding residential property and carried interest since that reduction was implemented.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	6565
	answer	answer is ministerial correction date of answer 06/09/2017 answer text The estimated effect on Exchequer revenue resulting from the reduction of capital gains tax (a) basic rate to 10 per cent and (b) main rate to 20 per cent excluding residential property and carried interest was published at <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf</a>. answering member constituency Central Devon answering member printed Mel Stride question first answered 06/09/2017 08:53:38 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

786328

	registered interest
	date	07/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Interest Payments: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will publish a table showing the total value of tax relief given to companies for interest payments on borrowing from third parties, intragroup entities and related parties.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	112076
	answer	answer is ministerial correction date of answer 16/11/2017 answer text <p>We are not able to publish such a table as the information required would only be available at disproportionate cost. No breakdown of interest payments on borrowings is included in the standard Company Tax return (CT600) so accessing the information would require close examination of every company’s Corporation Tax computation.</p><p> </p><p>Tax relief is not provided to companies in respect of interest payments but such payments may be deducted against taxable income. New Corporate Interest Restriction rules were included in the most recent Finance Bill which will restrict tax deductions in respect of excessive interest payments.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2017 14:44:04 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

786330

	registered interest
	date	07/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will appoint an independent commission to examine the tax avoidance schemes designed by PricewaterhouseCoopers.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	112078
	answer	answer is ministerial correction date of answer 16/11/2017 answer text <p>This government is clear that everyone has a responsibility to pay the tax that is owed. HMRC cannot comment on individual cases, but it will investigate any allegations of wrongdoing brought to its attention.</p><p> </p><p>HMRC has a strong track record in tackling tax avoidance schemes. The Finance Bill 2017-2019 introduced a tough new penalty so that the enablers of tax avoidance schemes that HMRC defeats, including the designers of schemes, will face penalties of 100% of the fees they have earned from the failed avoidance.</p><p> </p><p>The government will continue to consider what further actions are necessary to tackle tax avoidance, evasion, and other forms of non-compliance.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2017 14:45:57 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

786758

	registered interest
	date	10/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Offshore Trusts: Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to reduce offshore tax avoidance.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	112182
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>This government has already made unprecedented reforms to the UK tax code to ensure opportunities to avoid tax by using offshore structures are minimised. In particular, the Common Reporting Standard means HMRC are receiving information on accounts held offshore, so they can make sure the right tax is being paid in the UK. Further, Country by Country Reporting (one of the OECD’s BEPS outputs) means HMRC have information on how multinationals are reporting their taxable profit around the world. The government remains committed to tackling avoidance and will continue to consider unilateral and multilateral actions that will achieve this.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:15:09 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

786326

	registered interest
	date	07/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Tax Evasion: Prosecutions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will publish a list of the number of successful and unsuccessful prosecutions mounted by HM Revenue and Customs for offshore tax evasion.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	112079
	answer	answer is ministerial correction date of answer 16/11/2017 answer text <p>The total number of prosecutions for offshore tax evasion in the last five years to June 2017 is 20<strong>. </strong>These resulted in over 58 years of custodial sentences and 12 years of suspended sentences. Currently, over 120 individuals are the subject of criminal investigation for offences associated with offshore tax evasion<strong>. </strong></p><p>HMRC is not itself a prosecuting authority. All prosecutions have to be authorised by the relevant independent prosecuting authority, which for England and Wales would be the Crown Prosecution Service (CPS); for Scotland, the Crown Office and Procurator Fiscal Service (COPFS); and for NI, the Public Prosecution Service for NI (PPSNI).</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2017 15:18:01 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

754544

	registered interest
	date	20/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Taxation: Prosecutions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many cases HM Revenue and Customs has pursued to prosecution for tax avoidance and evasion since 2010.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	6732
	answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>The number of prosecutions for tax avoidance and evasion for each full year since 2010 are as below:</p><table><tbody><tr><td><p>Year</p></td><td><p>Prosecutions (Convictions + Acquittals)</p></td><td><p>Convictions</p></td><td><p>Acquittals</p></td></tr><tr><td><p>2010-11</p></td><td><p>390</p></td><td><p>336</p></td><td><p>54</p></td></tr><tr><td><p>2011-12</p></td><td><p>449</p></td><td><p>413</p></td><td><p>36</p></td></tr><tr><td><p>2012-13</p></td><td><p>576</p></td><td><p>540</p></td><td><p>36</p></td></tr><tr><td><p>2013-14</p></td><td><p>761</p></td><td><p>716</p></td><td><p>45</p></td></tr><tr><td><p>2014-15</p></td><td><p>709</p></td><td><p>642</p></td><td><p>67</p></td></tr><tr><td><p>2015-16</p></td><td><p>880</p></td><td><p>808</p></td><td><p>72</p></td></tr><tr><td><p>2016-17</p></td><td><p>886</p></td><td><p>807</p></td><td><p>79</p></td></tr></tbody></table><p><strong> </strong></p><p> </p><p>HM Revenue and Customs (HMRC) does not act as a prosecuting authority. All prosecutions must be authorized by the relevant independent prosecuting authority, which for England and Wales would be the Crown Prosecution Service; for Scotland, the Crown Office and Procurator Fiscal Service; and for Northern Ireland, the Public Prosecution Service for Northern Ireland.</p><p> </p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 06/09/2017 09:12:12 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

786767

	registered interest
	date	10/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Income Tax: Tax Rates and Bands
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the total reduction in the income tax liability for additional rate taxpayers as a result of reducing the additional rate from 50 pence to 45 pence in each financial year since 2013-14.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	112226
	answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The latest estimated cost of reducing the additional rate of income tax to 45 per cent is available on the government website, Budget 2013, page 66, table 2.2:</p><p> </p><p><a href="https://www.gov.uk/government/publications/budget-2013-documents" target="_blank">https://www.gov.uk/government/publications/budget-2013-documents</a></p><p> </p><p>HMRC published a detailed evaluation of the impact of the 50 per cent tax rate on the Exchequer in 2012 ‘The Exchequer effect of the 50 per cent additional rate of income tax’. This remains the best available estimate of taxpayer responses to changes in the additional rate of tax. This report contains more information on the methodology for estimating the impact of the policy, specifically in annex A:</p><p> </p><p><a href="http://webarchive.nationalarchives.gov.uk/20130127161217/http:/www.hmrc.gov.uk/budget2012/excheq-income-tax-2042.pdf" target="_blank">http://webarchive.nationalarchives.gov.uk/20130127161217/http://www.hmrc.gov.uk/budget2012/excheq-income-tax-2042.pdf</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:57:28 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

786329

	registered interest
	date	07/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Insurance: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the tax relief given to companies and limited liability partnerships for insurance premiums in which they exercise significant control.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	112077
	answer	answer is ministerial correction date of answer 16/11/2017 answer text <p>The information requested is not readily available and could be provided only at disproportionate cost.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2017 14:44:48 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

756341

	registered interest
	date	04/09/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Non-domestic Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what progress the Government is making on its plans for changes in business rates and self-evaluations; and if he will make a statement.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	7755
	answer	answer is ministerial correction date of answer 12/09/2017 answer text <p>The government is working with businesses and local authorities to deliver its aim to move to more frequent revaluations. The government will then set out its preferred approach for a smoother and more frequent system of revaluation.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/09/2017 13:28:44 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell

754545

	registered interest
	date	20/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Corporation Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what equality impact assessment his Department has carried out on the Government's plan to cut corporation tax to 17 per cent by 2020.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	6563
	answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>The government has not conducted a full distributional analysis of cutting corporation tax to 17%. This is because there is insufficient data about the income distribution of corporate shareholders and uncertainty about the incidence of corporation tax.</p><p> </p><p>However, it is widely accepted, including by the Institute for Fiscal Studies, that a significant proportion of the burden of corporation tax is borne by workers and consumers, not just shareholders.</p><p> </p><p>As with all tax measures, the Government has published a tax information and impact note (TIIN) for this measure which provides our assessment that there are no equalities impacts.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6564 question first answered 06/09/2017 09:23:14 answering member 3935 label Biography information for Mel Stride
	tabling member	178 label Biography information for John McDonnell