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227694

registered interest
date	17/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many VAT-registered property rental companies there were in each year since May 2010.
tabling member constituency	Airdrie and Shotts
tabling member printed	Pamela Nash
uin	227906
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>Supplies of residential property letting are exempt from VAT, so businesses that only make such exempt supplies are not entitled to register for VAT.</p><p> </p><p> </p><p> </p><p>In each of the relevant years, the number of VAT- registered businesses whose declared trade classification was Letting or Renting own or Leased Real Estate was as follows:</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p> </p><p>Year</p></td><td><p> </p><p>No of VAT registered businesses</p></td></tr><tr><td><p> </p><p>2005</p></td><td><p>4,089</p></td></tr><tr><td><p> </p><p>2006</p></td><td><p>4,997</p></td></tr><tr><td><p> </p><p>2007</p></td><td><p>6,264</p></td></tr><tr><td><p> </p><p>2008</p></td><td><p>10,860</p></td></tr><tr><td><p> </p><p>2009</p></td><td><p>14,701</p></td></tr><tr><td><p> </p><p>2010</p></td><td><p> </p><p>18,774</p></td></tr><tr><td><p> </p><p>2011</p></td><td><p> </p><p>22,520</p></td></tr><tr><td><p> </p><p>2012</p></td><td><p> </p><p>26,076</p></td></tr><tr><td><p> </p><p>2013</p></td><td><p> </p><p>29,149</p></td></tr><tr><td><p> </p><p>2014</p></td><td><p> </p><p>32,502</p></td></tr></tbody></table><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228302 question first answered 25/03/2015 17:47:41 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3909 label Biography information for Pamela Nash

227713

registered interest
date	17/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many estates notified for probate and valued up to £1 million paid no inheritance tax in each year since May 2010.
tabling member constituency	Airdrie and Shotts
tabling member printed	Pamela Nash
uin	227908
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>Estimates of the numbers of estates with values up to £1million notified to HMRC that are not liable to Inheritance Tax for deaths in years up to 2011/12 (the latest year for which information is currently available) have been published at <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/338970/140729Table12-3DUChecked.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/338970/140729Table12-3DUChecked.pdf</a>.</p><p> </p><p> </p><p> </p><p>Many of the estates in this table with a ‘net estate’ value of more than the Inheritance Tax threshold (including any unused amount transferred from a deceased spouse or civil partner) do not have a liability because of the availability of reliefs and exemptions, which will reduce the net estate value to below this threshold.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 11:19:25 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3909 label Biography information for Pamela Nash

227716

registered interest
date	17/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Savings Bonds: Pensioners
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reasons Pensioner Bonds are not included in the Tax Deduction Scheme for Interest.
tabling member constituency	Bedford
tabling member printed	Richard Fuller
uin	227947
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>At Budget 2015, the Chancellor announced that from April 6<sup>th</sup> 2016, a new savings allowance will remove 95% of people from savings income tax. As a result the industry is expected to switch off the Tax Deduction Scheme for Interest (TDSI), and NS&amp;I plan to start paying interest gross on all taxable products, including the 65+ “Pensioner” Bond.</p><p> </p><p> </p><p> </p><p>The Bonds are not included in TDSI as NS&amp;I as a whole does not operate TDSI. Instead NS&amp;I decide on a product-by-product basis as to whether taxable products should be paid net or gross of basic rate tax. At the time 65+ bonds were being developed, the majority of pensioners were basic rate tax payers, and therefore liable to be taxed at the basic rate on the interest on their savings. Paying interest net of the basic rate on 65+ bonds meant that the majority of customers would be taxed correctly without the need to intervene.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>When TDSI was implemented in 1991, it was decided that it was not appropriate or cost-effective for NS&amp;I. The option to join was kept under review, but as 72% of NS&amp;I’s total stock is invested in tax-free products, and a large proportion of NS&amp;I customers are not liable to pay tax on the remaining taxable products, it is considered to be prohibitively expensive to the taxpayer for NS&amp;I to join the scheme.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 11:25:08 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3912 label Biography information for Richard Fuller