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42365

	registered interest
	date	11/03/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name
	answering dept sort name
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate his Department made before the 2012 Budget of the number of properties valued at more than (a) £2 million and (b) £5 million.
	tabling member constituency	Dover
	tabling member printed	Charlie Elphicke
	uin	191427
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.</p><p> </p><p>Before Budget 2012, an assessment of the average annual payment required from each property above £2 million in order to raise a net sum of £2 billion per annum was not made.</p><p> </p><p>On 1 July 2013, during Report stage of the Finance Bill, I referred to “a simple calculation arrived at by dividing £2 billion by 55,000 (an internal HMRC estimate of the number of properties valued at over £2 million) to give a ‘mean' average of £36,000.”</p><p> </p><p>A so-called mansion tax would depress stamp duty land tax and inheritance tax yields. The exact impact would be dependent on the rates and bands chosen.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 191429 191430 question first answered 13/05/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	3971 label Biography information for Charlie Elphicke

42366

	registered interest
	date	11/03/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name
	answering dept sort name
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department made before the 2012 Budget of the average annual payment required from each property valued above £2 million in order to raise a net sum of £2 billion per annum.
	tabling member constituency	Dover
	tabling member printed	Charlie Elphicke
	uin	191429
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.</p><p> </p><p>Before Budget 2012, an assessment of the average annual payment required from each property above £2 million in order to raise a net sum of £2 billion per annum was not made.</p><p> </p><p>On 1 July 2013, during Report stage of the Finance Bill, I referred to “a simple calculation arrived at by dividing £2 billion by 55,000 (an internal HMRC estimate of the number of properties valued at over £2 million) to give a ‘mean' average of £36,000.”</p><p> </p><p>A so-called mansion tax would depress stamp duty land tax and inheritance tax yields. The exact impact would be dependent on the rates and bands chosen.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 191427 191430 question first answered 13/05/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	3971 label Biography information for Charlie Elphicke

42367

	registered interest
	date	11/03/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name
	answering dept sort name
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department made before the 2012 Budget of the effect on stamp duty land tax and inheritance tax receipts of the introduction of a so-called mansion tax designed to raise a net sum of £2 billion per annum.
	tabling member constituency	Dover
	tabling member printed	Charlie Elphicke
	uin	191430
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>The number of residential properties in the UK valued at more than £2 million was estimated before Budget 2012 to be around 55,000.</p><p> </p><p>Before Budget 2012, an assessment of the average annual payment required from each property above £2 million in order to raise a net sum of £2 billion per annum was not made.</p><p> </p><p>On 1 July 2013, during Report stage of the Finance Bill, I referred to “a simple calculation arrived at by dividing £2 billion by 55,000 (an internal HMRC estimate of the number of properties valued at over £2 million) to give a ‘mean' average of £36,000.”</p><p> </p><p>A so-called mansion tax would depress stamp duty land tax and inheritance tax yields. The exact impact would be dependent on the rates and bands chosen.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 191427 191429 question first answered 13/05/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	3971 label Biography information for Charlie Elphicke

42709

	registered interest
	date	12/03/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name
	answering dept sort name
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the number of individual taxpayers in each £1,000 band of gross income between £40,000 and £70,000.
	tabling member constituency	Bury St Edmunds
	tabling member printed	Mr David Ruffley
	uin	191879
	answer	answer is ministerial correction date of answer 10/04/2014 answer text <p>HM TREASURY</p><p> </p><p> </p><p> </p><p>David Ruffley MP</p><p> </p><p><strong>BURY ST EDMUNDS</strong></p><p> </p><p>To ask Mr Chancellor of the Exchequer, if he will estimate the numbers of individual taxpayers in each £1,000 band of gross income between £40,000 and £70,000. 191879</p><p> </p><p>DAVID GAUKE</p><p>The estimates requested are in the table attached.</p><p> </p><table><tbody><tr><td colspan="4"><p><strong>Number of taxpayers <br>(thousands)</strong></p></td></tr><tr><td rowspan="2"><p><strong>Total Income in £1,000 bands<br>(lower bound £)</strong></p></td><td rowspan="2"><p><strong>2011-12<sub>(1)</sub></strong></p></td><td colspan="2"><p><strong>Projections from</strong></p><p><strong>2011-12 data</strong></p></td></tr><tr><td><p><strong>2013-14<sub>(2)</sub></strong></p></td><td><p><strong>2014-15<sub>(2)</sub></strong></p></td></tr><tr><td><p><strong>40,000 </strong></p></td><td><p>282</p></td><td><p>277</p></td><td><p>303</p></td></tr><tr><td><p><strong>41,000 </strong></p></td><td><p>269</p></td><td><p>278</p></td><td><p>267</p></td></tr><tr><td><p><strong>42,000 </strong></p></td><td><p>304</p></td><td><p>258</p></td><td><p>267</p></td></tr><tr><td><p><strong>43,000 </strong></p></td><td><p>219</p></td><td><p>256</p></td><td><p>257</p></td></tr><tr><td><p><strong>44,000 </strong></p></td><td><p>212</p></td><td><p>255</p></td><td><p>238</p></td></tr><tr><td><p><strong>45,000 </strong></p></td><td><p>197</p></td><td><p>264</p></td><td><p>229</p></td></tr><tr><td><p><strong>46,000 </strong></p></td><td><p>176</p></td><td><p>212</p></td><td><p>229</p></td></tr><tr><td><p><strong>47,000 </strong></p></td><td><p>157</p></td><td><p>193</p></td><td><p>247</p></td></tr><tr><td><p><strong>48,000 </strong></p></td><td><p>147</p></td><td><p>172</p></td><td><p>224</p></td></tr><tr><td><p><strong>49,000 </strong></p></td><td><p>136</p></td><td><p>157</p></td><td><p>183</p></td></tr><tr><td><p><strong>50,000 </strong></p></td><td><p>124</p></td><td><p>146</p></td><td><p>161</p></td></tr><tr><td><p><strong>51,000 </strong></p></td><td><p>114</p></td><td><p>134</p></td><td><p>149</p></td></tr><tr><td><p><strong>52,000 </strong></p></td><td><p>110</p></td><td><p>124</p></td><td><p>137</p></td></tr><tr><td><p><strong>53,000 </strong></p></td><td><p>105</p></td><td><p>113</p></td><td><p>128</p></td></tr><tr><td><p><strong>54,000 </strong></p></td><td><p>95</p></td><td><p>108</p></td><td><p>117</p></td></tr><tr><td><p><strong>55,000 </strong></p></td><td><p>90</p></td><td><p>105</p></td><td><p>108</p></td></tr><tr><td><p><strong>56,000 </strong></p></td><td><p>86</p></td><td><p>95</p></td><td><p>106</p></td></tr><tr><td><p><strong>57,000 </strong></p></td><td><p>79</p></td><td><p>89</p></td><td><p>97</p></td></tr><tr><td><p><strong>58,000 </strong></p></td><td><p>72</p></td><td><p>80</p></td><td><p>94</p></td></tr><tr><td><p><strong>59,000 </strong></p></td><td><p>69</p></td><td><p>80</p></td><td><p>83</p></td></tr><tr><td><p><strong>60,000 </strong></p></td><td><p>67</p></td><td><p>74</p></td><td><p>72</p></td></tr><tr><td><p><strong>61,000 </strong></p></td><td><p>60</p></td><td><p>68</p></td><td><p>76</p></td></tr><tr><td><p><strong>62,000 </strong></p></td><td><p>62</p></td><td><p>62</p></td><td><p>70</p></td></tr><tr><td><p><strong>63,000 </strong></p></td><td><p>57</p></td><td><p>65</p></td><td><p>68</p></td></tr><tr><td><p><strong>64,000 </strong></p></td><td><p>50</p></td><td><p>60</p></td><td><p>61</p></td></tr><tr><td><p><strong>65,000 </strong></p></td><td><p>49</p></td><td><p>59</p></td><td><p>64</p></td></tr><tr><td><p><strong>66,000 </strong></p></td><td><p>46</p></td><td><p>53</p></td><td><p>58</p></td></tr><tr><td><p><strong>67,000 </strong></p></td><td><p>45</p></td><td><p>49</p></td><td><p>57</p></td></tr><tr><td><p><strong>68,000 </strong></p></td><td><p>40</p></td><td><p>50</p></td><td><p>52</p></td></tr><tr><td><p><strong>69,000 </strong></p></td><td><p>39</p></td><td><p>44</p></td><td><p>47</p></td></tr></tbody></table><p> </p><p> </p><p>(1) These estimates are based on the Survey of Personal Incomes 2011-12 which is the latest year for which outturn data is available.</p><p> </p><p>(2) These estimates are based on the Survey of Personal Incomes 2011-12 projected forward using economic assumptions consistent with the Office for Budget Responsibility's December 2013 economic and fiscal outlook.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 10/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	133 label Biography information for Mr David Ruffley

42710

	registered interest
	date	12/03/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name
	answering dept sort name
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will estimate the potential cost to the public purse of raising the income tax personal allowance for 2014-15 from £10,000, (a) £10,550, (b) £11,000, (c) £11,500, (d) £12,000, (e) £12,500 and (f) £13,000.
	tabling member constituency	Bury St Edmunds
	tabling member printed	Mr David Ruffley
	uin	191880
	answer	answer is ministerial correction date of answer 13/05/2014 answer text <p>The cost of raising the income tax personal allowance may be approximated using the “Direct effects of illustrative tax changes” table as published on the internet at the following address:</p><p> </p><p><a href="https://www.gov.uk/government/publications/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/publications/direct-effects-of-illustrative-tax-changes</a></p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 13/05/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	133 label Biography information for Mr David Ruffley

389090

	registered interest
	date	10/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Personal Income
	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 number of people who will experience a net loss in income as a result of the changes to in-work benefits and the minimum wage announced in the Summer Budget 2015.
	tabling member constituency	Birmingham, Hall Green
	tabling member printed	Mr Roger Godsiff
	uin	6498
	answer	answer is ministerial correction date of answer 15/07/2015 answer text <p>As a result of the introduction of the National Living Wage, 2.75m workers are expected to benefit directly, and up to 6m could see their pay rise as a result of a ripple effect up the earnings distribution.</p><p> </p><p> </p><p> </p><p>Getting the public finances under control will mean that some families receive less in benefits, but overall, 8 out of 10 working households will be better off in 2017-18 as a result of the Summer Budget increase to the income tax personal allowance, welfare changes, and introduction of the National Living Wage. This translates to 12.5 million working households better off.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 15/07/2015 16:33:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	304 label Biography information for Mr Roger Godsiff

389466

	registered interest
	date	13/07/2015
	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 the total corporation tax receipts have been in each year since 2005.
	tabling member constituency	Pontypridd
	tabling member printed	Owen Smith
	uin	6860
	answer	answer is ministerial correction date of answer 16/07/2015 answer text <p>HM Revenue &amp; Customs (HMRC) publishes National Statistics on an annual basis providing information on corporation tax receipts. A table showing annual receipts from 1999-00 to 2013-14 is available online:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/corporation-tax-and-bank-levy-net-receipts" target="_blank">https://www.gov.uk/government/statistics/corporation-tax-and-bank-levy-net-receipts</a></p><p> </p><p> </p><p> </p><p>A provisional figure for Corporation Tax receipts from 2014-15 is available in HMRC’s monthly Tax Receipts and National Insurance Contributions statistics:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk</a></p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 16/07/2015 16:01:29 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4042 label Biography information for Owen Smith

389469

	registered interest
	date	13/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Revenue and Customs: Equal Pay
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, when his Department plans to publish the 2013 HM Revenue and Customs Equal Pay Audit; what the reasons are for the time taken to publish that audit; and if he will make a statement.
	tabling member constituency	South Antrim
	tabling member printed	Danny Kinahan
	uin	6863
	answer	answer is ministerial correction date of answer 21/07/2015 answer text <p>The 2013 HM Revenue and Customs (HMRC) Equal Pay Audit will be published by the autumn this year. The audit was scheduled for publication in April 2014, but this has been delayed due to a requirement to include additional statistical analysis.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 21/07/2015 13:45:51 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4381 label Biography information for Danny Kinahan

389725

	registered interest
	date	14/07/2015
	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 assessment he has made of the effect of the changes to CFC rules introduced in the 2010 Emergency Budget on corporation tax receipts in each year of the last Parliament.
	tabling member constituency	Pontypridd
	tabling member printed	Owen Smith
	uin	6982
	answer	answer is ministerial correction date of answer 20/07/2015 answer text <p>Controlled Foreign Company (CFC) rules are designed to protect the UK tax base by preventing multinational groups based in the UK from diverting their UK profits artificially to companies in low tax jurisdictions to reduce their UK tax bill. They work by charging UK tax on those profits and so act as a deterrent to this behaviour.</p><p> </p><p> </p><p> </p><p>The Government reformed the Controlled Foreign Company (CFC) rules after close consultation with stakeholders in 2012. This was the first substantial revision to the rules since their introduction in 1984.</p><p> </p><p> </p><p> </p><p>This modernised CFC regime, which took effect in 2013, is closely targeted on artificially diverted profits to protect the UK tax base while reflecting modern global business practices.</p><p> </p><p> </p><p> </p><p>The Summer Budget also announced strengthening of the CFC rules to tackle aggressive tax planning by preventing UK based multinationals offsetting their losses against the UK’s CFC tax on profits they divert from the UK.</p><p> </p><p> </p><p> </p><p>As with all aspects of the tax system, the Government will keep this legislation under review, and will act to prevent abuse of these rules.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/07/2015 15:47:05 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4042 label Biography information for Owen Smith

389729

	registered interest
	date	14/07/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Welfare Tax Credits: Overpayments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his plans to extend the use of the private sector to improve the collection of tax credit debt will target recipients who have been overpaid due to HM Revenue and Customs error.
	tabling member constituency	Sheffield, Heeley
	tabling member printed	Louise Haigh
	uin	7001
	answer	answer is ministerial correction date of answer 20/07/2015 answer text <p>HM Revenue and Customs (HMRC) seek to recover all overpayments of tax credits no matter how they have arisen, as they do with all debts.</p><p> </p><p> </p><p>However, HMRC error accounts for only 1.4% of overpayments.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 20/07/2015 15:43:36 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4473 label Biography information for Louise Haigh