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747042

registered interest
date	30/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector: Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what proportion of public sector workers have received a pay rise limited to one per cent since 2010.
tabling member constituency	Southampton, Itchen
tabling member printed	Royston Smith
uin	2338
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>The pay for an individual public sector worker is affected by several factors including progression pay, allowances and the one per cent pay policy. It will therefore vary by individual. HMT does not collect this data centrally.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/07/2017 14:31:01 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4478 label Biography information for Royston Smith

746697

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to prevent UK-based companies in the financial sector moving abroad when the UK leaves the EU.
tabling member constituency	Twickenham
tabling member printed	Sir Vince Cable
uin	1965
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>We are engaging with firms on a regular basis, and reassuring them of the Government’s aim to agree a bold and ambitious free-trade agreement. Transitional arrangements to avoid unnecessary disruption and dangerous cliff edges will be mutually beneficial. This will give firms more time before they have to make permanent decisions regarding their future plans, and minimise the need for them to restructure their operations. We will also ensure that EU legislation is brought into UK law in good time to ensure firms have certainty about their regulatory environment once the UK leaves the EU.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 04/07/2017 16:38:54 answering member 4095 label Biography information for Steve Barclay
tabling member	207 label Biography information for Sir Vince Cable

746698

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the effect has been on (a) employment and (b) UK public finances of financial sector companies moving abroad since the vote to leave the EU.
tabling member constituency	Twickenham
tabling member printed	Sir Vince Cable
uin	1966
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>The Office of National Statistics (ONS) publishes regular updates on employment figures, including by sector. In terms of the economy as a whole, the ONS has calculated that the employment rate from February to April 2017 was 74.8%, the joint highest since comparable records began in 1971. The Office for Budget Responsibility is due to publish its next report on the public finances later this month.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 04/07/2017 16:39:54 answering member 4095 label Biography information for Steve Barclay
tabling member	207 label Biography information for Sir Vince Cable

746699

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services
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 UK-based financial sector companies that (a) have moved certain operations abroad since the vote to leave the EU and (b) are planning to move operations abroad when the UK leaves the EU.
tabling member constituency	Twickenham
tabling member printed	Sir Vince Cable
uin	1967
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>We understand the issues that the UK’s departure from the EU creates for the financial sector as a whole and for specific firms. The government believes that an implementation period agreed early in the process would help both sides to minimise unnecessary disruption. The Office of National Statistics (ONS) publishes regular updates on employment figures, including by sector.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 04/07/2017 16:40:41 answering member 4095 label Biography information for Steve Barclay
tabling member	207 label Biography information for Sir Vince Cable

746785

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector: Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what proportion of public sector workers have received a pay rise above one per cent since 2010.
tabling member constituency	Southampton, Itchen
tabling member printed	Royston Smith
uin	2181
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>The pay for an individual public sector worker is affected by several factors including progression pay, allowances and the one per cent pay policy. It will therefore vary by individual. HMT does not collect this data centrally.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 04/07/2017 14:25:17 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4478 label Biography information for Royston Smith

746868

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Income Tax: Landlords
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people declaring an income from letting out property pay the (a) additional, (b) higher and (c) standard rates of income tax.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2003
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>The government is unable to produce an estimate for the total tax collected from declared income from residential rental properties. This is because income tax receipts cannot be allocated to individual income sources. Individuals may have multiple income sources but pay tax on their total income subject to income tax, after deducting their tax allowances. These allowances and tax rates are not applied to income streams individually but to total taxable income.</p><p> </p><p>The table below provides a breakdown of the number of individual unincorporated landlords by their tax brackets on the basis of the 2014-15 self-assessment returns. Figures in the table reflect outturn data on landlords’ total incomes subject to income tax which includes, among others, rental incomes.</p><p> </p><table><tbody><tr><td colspan="3"><p>Number of individual landlords by marginal rate, 2014-15 (rounded to nearest thousand)</p></td></tr><tr><td><p>Basic rate</p></td><td><p>Higher rate</p></td><td><p>Additional rate</p></td></tr><tr><td><p>1,254,000</p></td><td><p>584,000</p></td><td><p>82,000</p></td></tr></tbody></table> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 2004 question first answered 04/07/2017 13:55:27 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746869

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Rented Housing: Tax Collection
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the total tax collected from declared income from residential rental properties was in each year since 2010-11.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2004
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>The government is unable to produce an estimate for the total tax collected from declared income from residential rental properties. This is because income tax receipts cannot be allocated to individual income sources. Individuals may have multiple income sources but pay tax on their total income subject to income tax, after deducting their tax allowances. These allowances and tax rates are not applied to income streams individually but to total taxable income.</p><p> </p><p>The table below provides a breakdown of the number of individual unincorporated landlords by their tax brackets on the basis of the 2014-15 self-assessment returns. Figures in the table reflect outturn data on landlords’ total incomes subject to income tax which includes, among others, rental incomes.</p><p> </p><table><tbody><tr><td colspan="3"><p>Number of individual landlords by marginal rate, 2014-15 (rounded to nearest thousand)</p></td></tr><tr><td><p>Basic rate</p></td><td><p>Higher rate</p></td><td><p>Additional rate</p></td></tr><tr><td><p>1,254,000</p></td><td><p>584,000</p></td><td><p>82,000</p></td></tr></tbody></table> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 2003 question first answered 04/07/2017 13:55:27 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746870

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Housing: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what taxes related to property are paid by (a) unincorporated residential landlords on properties they rent out and (b) owner occupiers.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2005
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>Unincorporated residential landlords are chargeable to income tax on the profits of their rental business.</p><p> </p><p>A landlord who buys a property is liable to stamp duty land tax on the purchase price. A landlord who sells a rental property will pay capital gains tax on any increase in the value of the property.</p><p> </p><p>Unincorporated residential landlords will not usually be registered for VAT as domestic lets are exempt from VAT.</p><p> </p><p>An owner occupier would be chargeable to income tax on any rental income from their property. An owner occupier would also pay stamp duty land tax when they buy a property.</p><p> </p><p>An owner occupier would not pay capital gains tax on the sale of a property that had been their main residence for the whole period of ownership, as this would be exempted by private residence relief.</p><p> </p><p>Owner occupiers would usually be liable for council tax.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 04/07/2017 13:47:30 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746871

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to review the effect of mortgage interest relief changes as they apply to landlords.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2006
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>As with all aspects of the tax system, the government will keep the taxation of property income under review.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 04/07/2017 13:51:13 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746872

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many rental properties will be affected by changes to mortgage interest relief being phased-in since April 2017.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2007
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>Using self-assessment data, HM Revenue and Customs (HMRC) estimated that only 1 in 5 landlords will pay more tax as a result of this measure. No estimate has been made specifically about the number of properties that will be affected by this change. This is because taxpayers currently do not inform HMRC how many properties their finance costs relate to.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 04/07/2017 13:58:16 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon