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1524172

registered interest
date	19/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Incentives: Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he can provide a monthly breakdown of average weekly earnings of bonus pay across businesses in SIC 2007 section K, L, M, and N in each of the last four years.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	67159
answer	answer is ministerial correction date of answer 24/10/2022 answer text <p>This information is not available in the form requested. This is due to bonus payments not being separately identified in Pay As You Earn Real Time Information data. Therefore, HMRC is not able to provide figures for bonus pay.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 24/10/2022 13:07:20 answering member 4874 label Biography information for Andrew Griffith
tabling member	4591 label Biography information for Sarah Olney

1524313

registered interest
date	19/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: 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 assessment of the potential merits of levying a windfall tax on commercial banks.
tabling member constituency	North Down
tabling member printed	Stephen Farry
uin	67267
answer	answer is ministerial correction date of answer 26/10/2022 answer text <p>Banks already face two additional taxes. The Bank Corporation Tax Surcharge is an additional charge on banking profit above a set allowance, and the Bank Levy is charged on banks’ balance sheets with equity and liabilities over £20 billion. Since the introduction of the Bank Levy in 2011, these two taxes have raised over £33 billion in additional revenue from the banking sector.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 26/10/2022 13:43:13 answering member 4874 label Biography information for Andrew Griffith
tabling member	4856 label Biography information for Stephen Farry

1524315

registered interest
date	19/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	First Time Buyers
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 adequacy of the support available for people saving to buy a house; and if he will reconsider the limits placed on help to buy ISAs.
tabling member constituency	Newcastle-under-Lyme
tabling member printed	Aaron Bell
uin	67256
answer	answer is ministerial correction date of answer 25/10/2022 answer text <p>The Help to Buy: ISA scheme aims to help those who are struggling to save enough to get onto the housing ladder. As first-time buyers tend to buy smaller (and therefore cheaper) first properties, the scheme’s property price cap of £250,000 for properties outside London (£450,000 within London) allows the Government to target support more precisely at the people the scheme is intended to help. Since its launch in 2015, the scheme has supported 497,940 property completions across the UK, with a mean property value of £176,125 compared with an average first-time buyer house price of £231,704.</p><p> </p><p>While the Government keeps all aspects of savings policy under review, Help to Buy: ISA account holders can transfer their funds to a Lifetime ISA without incurring any penalties. The Lifetime ISA allows first-time buyers to benefit from the Government bonus when purchasing properties up to £450,000 anywhere in the UK.</p><p> </p><p>Further information on the Lifetime ISA together with a comprehensive list other forms of home purchase support schemes can be found on the Government’s website below:</p><p> </p><p><a href="https://www.ownyourhome.gov.uk/" target="_blank">https://www.ownyourhome.gov.uk/</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 25/10/2022 13:36:45 answering member 4874 label Biography information for Andrew Griffith
tabling member	4837 label Biography information for Aaron Bell