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100107

	registered interest
	date	21/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent steps he has taken to simplify the rates of employees' National Insurance contributions.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	211325
	answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>This Government is committed to a competitive tax regime and has introduced a range of measures to reduce the burden of National Insurance Contributions (NICs), as part of our long term economic plan to back business and create jobs.</p><p> </p><p> </p><p> </p><p>The Employment Allowance, introduced in April this year, means that around 450,000 employers– one third of all employers – are expected to be taken out of paying employer NICs altogether in 2014-15 and from April 2015, employer NICs for under 21 year olds will be abolished, helping to support jobs for almost 1.5 million young people currently in employment.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/10/2014 16:16:49 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

100108

	registered interest
	date	21/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	New Businesses: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will assess the potential effect of giving part-time entrepreneurs a fixed definition in the Tax Code.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	211328
	answer	answer is ministerial correction date of answer 29/10/2014 answer text <p>There is no definition of a part-time entrepreneur within the Taxes Acts. In general, the tax system treats part-time entrepreneurs in the same way as full-time entrepreneurs, and there are no plans to change this.</p><p> </p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 29/10/2014 14:37:48 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

100672

	registered interest
	date	23/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Allowances: Business
	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 potential costs and benefits of removing the cap on entrepreneurs' tax relief.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	211741
	answer	answer is ministerial correction date of answer 30/10/2014 answer text <p>The last published cost for changing the cap on entrepreneurs' tax relief related to increasing the lifetime limit from £5m of qualifying gains to £10m. This is available in the full Budget 2011 document at the following address on page 42 in table 2.1 of the report.</p><p> </p><p> </p><p><a href="http://webarchive.nationalarchives.gov.uk/20130129110402/http:/www.hm-treasury.gov.uk/2011budget.htm" target="_blank">http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/2011budget.htm</a></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 30/10/2014 17:10:28 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

47166

	registered interest
	date	07/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	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 the introduction of seven-day bank account switching has had on the number of people changing bank account provider; and if he will make a statement.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	195454
	answer	answer is ministerial correction date of answer 29/04/2014 answer text <p><strong>The Current Account Switching Service launched in September of last year, and has had a very positive impact. Early signs are positive, with switching numbers in Q4 of 2013 up by 17 per cent compared to Q4 of the previous year. </strong></p><p> </p><p><strong>The Financial Conduct Authority will carry out a review in September of this year into the effectiveness of the Current Account Switching Service. This will include an assessment of the effect the introduction of seven day account switching has had on the number of people changing bank account provider. </strong></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 29/04/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1586 label Biography information for Adam Afriyie

47167

	registered interest
	date	07/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many meetings he held with the Office of Tax Simplification in (a) 2011-12 and (b) 2012-13.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	195455
	answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>Treasury Ministers regularly meet with the Office of Tax Simplification and other parts of Treasury group as part of normal departmental and Government business. As was the case with previous Administrations, it is not the Government's practice to provide details of all such meetings and discussions<em>.</em></p><p> </p><p>Details of Ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:</p><p><a href="http://www.hm-treasury.gov.uk/minister_hospitality.htm" target="_blank">http://www.hm-treasury.gov.uk/minister_hospitality.htm</a>.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 28/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

49058

	registered interest
	date	29/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent progress has been made on implementing the recommendations of the Office of Tax Simplification.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	197027
	answer	answer is ministerial correction date of answer 06/05/2014 answer text <p><strong>At Budget 2014 the government announced it will implement Office of Tax Simplification (OTS) recommendations to simplify the taxation of employee benefits and expenses, employee share schemes, and partnerships. It will also simplify National Insurance contributions (NICs) for the self-employed by collecting class 2 NICs through Self Assessment from April 2016, as recommended by the OTS. </strong></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 06/05/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

50009

	registered interest
	date	06/05/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the Home Office on the economic effect of the Tier 1 (Investor) visa; and if he will make a statement.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	197732
	answer	answer is ministerial correction date of answer 12/05/2014 answer text <p>Treasury Ministers and officials have regular discussions with the Home Office on a wide variety of topics as part of the process of policy development and delivery.</p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 12/05/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
	tabling member	1586 label Biography information for Adam Afriyie

64658

	registered interest
	date	30/06/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Income Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many people in (a) the UK, (b) the Thames Valley and (c) Windsor constituency no longer pay income tax due to changes in the level of personal allowance introduced since 2010.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	202981
	answer	answer is ministerial correction date of answer 07/07/2014 answer text <p>By April this year this Government's increases in the personal allowance (for those born after 5 April 1948) are estimated to have taken over 3 million individuals out of the income tax system altogether. 384,000 of these individuals live in the South East region, which includes the Thames Valley and the Parliamentary Constituency of Windsor.</p><p> </p><p>These estimates are based on the 2011-12 Survey of Personal Incomes, projected to 2014-15 using economic assumptions consistent with the Office for Budget Responsibility's March 2014 economic and fiscal outlook.</p><p> </p><p> </p><p>HM Treasury does not publish this information at constituency level.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 07/07/2014 15:09:45 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

77525

	registered interest
	date	14/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Business: Capital Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many businesses received the annual investment allowance in (a) 2010-11, (b) 2011-12 and (c) 2012-13.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	205500
	answer	answer is ministerial correction date of answer 01/09/2014 answer text <p>Annual Investment Allowance (AIA) has been used to encourage investment in plant and machinery by all businesses. The number of unincorporated businesses and companies that received AIA is presented in the table below, and has been rounded to the nearest 1,000. The latest year for which figures are available is 2011-12.</p><p> </p><table><tbody><tr><td> </td><td><p>2010-11</p></td><td><p>2011-12</p></td></tr><tr><td><p>Number Of AIA Claims</p></td><td><p>1,203,000</p></td><td><p>1,222,000</p></td></tr></tbody></table><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/09/2014 16:31:01 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

79007

	registered interest
	date	21/07/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Foreign Investment in UK
	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 amount of foreign direct investment generated since 2010 as a direct result of the lower rate of corporation tax.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	206722
	answer	answer is ministerial correction date of answer 01/09/2014 answer text <p>Since 2010, the Government has cut the main rate of corporation tax from 28% to 21%. It will fall further next year, to 20%, giving the UK the joint lowest rate of corporation tax in the G20. The Small Profits Rate has also been cut to 20%.</p><p> </p><p>These cuts are a central part of the Government’s long-term economic plan. They are intended to make the UK more competitive, supporting business investment and job creation.</p><p> </p><p>Government modeling suggests that the corporation tax cuts introduced in this parliament will:</p><p>· increase business investment by between 2.5% and 4.5% (£3.6bn to £6bn in today’s prices) in the long term</p><p>· increase GDP by between 0.6% and 0.8% (£9.6bn to £12.2bn in today’s prices) in the long term</p><p> </p><p>Foreign direct investment decisions are influenced by a range of factors including skills, market access, and infrastructure. Consequently, it is difficult to isolate the exact impact of the corporation tax cuts from reform in other areas. But recently published data on inward investment has been very encouraging.</p><p> </p><p>In their 2013/2014 Inward Investment Report, UKTI said ONS data showed the value of FDI stock increased from £725.6bn in 2010, to £936.5bn in 2012.</p><p> </p><p>UKTI also reported that the UK attracted more inward investment projects last year than in any year since records began in the 1980s. UKTI recorded 1773 projects, creating 66,390 new jobs.</p><p> </p><p>This is supported by analysis from Ernst and Young, who use their own independent database to assess inward investment. Ernst and Young’s Annual Attractiveness Survey, published in June, showed the number of inward investment projects in the UK had risen by 15% in the past year, against the background of a European market that grew by just 4%.</p><p> </p><p> </p><p>As noted above, it is difficult to isolate the impact of tax policy on these trends, and UKTI does not have estimates of how much of the new investment has been a direct result of the lower rate of corporation tax. But it is clear that the corporation tax reforms have changed perceptions of the UK competitiveness. For the past two years, the UK has ranked highest in the KPMG survey on international tax competitiveness, ahead of countries including the US, the Netherlands and Switzerland.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/09/2014 16:21:34 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie