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431598

registered interest
date	23/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Property: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if his Department will undertake an analysis of the feasibility of devolving property taxes to London linked to specific infrastructure projects.
tabling member constituency	Harrow East
tabling member printed	Bob Blackman
uin	17282
answer	answer is ministerial correction date of answer 01/12/2015 answer text <p>By 2020, local government will retain 100% of business rates and will have the power to reduce business rates. Directly elected mayoral authorities, such as the Mayor of London, will have the power to levy a small supplement on business rates to fund new infrastructure.</p><br /><p>In the last Parliament, the Government gave local councils greater power over council tax support schemes and the treatment of second homes and empty properties. The Government believes there would be difficulties in devolving other property taxes, such as Stamp Duty Land Tax and Capital Gains Tax, to London as this would create a distortive effect around the border, increase administration costs and complexity and expose local government to significant fiscal risk.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/12/2015 16:46:10 answering member 1529 label Biography information for Mr David Gauke
tabling member	4005 label Biography information for Bob Blackman

63457

registered interest
date	18/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Devolution
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what analysis his Department has undertaken of the feasibility of further financial devolution to London and other cities.
tabling member constituency	Harrow East
tabling member printed	Bob Blackman
uin	904413
answer	answer is ministerial correction date of answer 24/06/2014 answer text <p><strong>The Government keeps all decisions on tax policy under review. In addition, the Government has recently devolved a range of responsibilities and funding through the Localism Act 2011 and have decentralised local government finance through the Local Government Finance Act 2012. Any further fiscal devolution to sub-national authorities in England would represent a significant change to the existing tax landscape with potentially significant legal, economic and constitutional implications. </strong></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 24/06/2014 16:23:30 answering member 1529 label Biography information for Mr David Gauke
tabling member	4005 label Biography information for Bob Blackman