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1723419

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Education: Business Rates and VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans she has to consult on ending the VAT exemption and business rates relief for private schools.
tabling member constituency	Basildon and Billericay
tabling member printed	Mr Richard Holden
uin	1809
answer	answer is ministerial correction date of answer 30/07/2024 answer text <p>As the Chancellor announced on 29 July, as of 1 January 2025, all education services and vocational training supplied by a private school in the UK for a charge will be subject to VAT at the standard rate of 20%. Boarding services closely related to such a supply will also be subject to VAT at 20%. Any fees paid from 29 July 2024 pertaining to the term starting in January 2025 onwards will be subject to VAT. Furthermore, where a school in England has charitable status, the government will legislate to remove their eligibility to business rates charitable rates relief. This is intended to take effect from April 2025, subject to parliamentary passage.</p><p> </p><p>This was a tough but necessary decision that will secure additional funding to help deliver the government’s commitments relating to education and young people, including opening 3,000 new nurseries, rolling out breakfast clubs to all primary schools, and recruiting 6,500 new teachers.</p><p> </p><p>The Government engages with a wide range of stakeholders with an interest in Government policy, including VAT, as part of the policy development and implementation process as a matter of course.</p><p> </p><p>A technical note setting out the details of these two tax policies has been published online here: <a href="https://www.gov.uk/government/publications/vat-on-private-school-fees-removing-the-charitable-rates-relief-for-private-schools" target="_blank">VAT on Private School Fees &amp; Removing the Charitable Rates Relief for Private Schools - GOV.UK (www.gov.uk)</a>.</p><p> </p><p>Draft VAT legislation has also been published alongside this technical note. A technical consultation on the legislation and technical note will run from 29 July 2024 until 15 September 2024.</p> answering member constituency Ealing North answering member printed James Murray question first answered 30/07/2024 16:26:41 answering member 4797 label Biography information for James Murray
tabling member	4813 label Biography information for Mr Richard Holden

1723481

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Timesharing: Misrepresentation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether her Department has had recent discussions with the Financial Ombudsman Service on resolving complaints of mis-sold timeshares in a timely manner.
tabling member constituency	Luton North
tabling member printed	Sarah Owen
uin	1808
answer	answer is ministerial correction date of answer 30/07/2024 answer text <p>The selling of timeshares is outside of Financial Conduct Authority (FCA) regulation and therefore outside of the remit of the Financial Ombudsman Service (FOS), which can only consider complaints about FCA regulated activities. Where consumers have purchased a timeshare using a product regulated by the FCA, such as consumer credit, they may have recourse to the FOS if that product was mis-sold.</p><p>When complaints are made to the FOS, these should be dealt with in a timely manner. The Financial Conduct Authority (FCA) Handbook, which sets out the rules on how the FOS should handle complaints, states that ‘the ombudsman will attempt to resolve complaints at the earliest possible stage’.  In its Plans and Budget 2024-25, the FOS has set itself the target of resolving 90 per cent of cases within 6 months and the government will continue to hold the FOS to account on this through its regular engagement with the FOS.</p> answering member constituency Hampstead and Highgate answering member printed Tulip Siddiq question first answered 30/07/2024 16:20:42 answering member 4518 label Biography information for Tulip Siddiq
tabling member	4777 label Biography information for Sarah Owen

1723490

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the tax gap was in the (a) 2005-06 financial year and (b) latest financial year for which data is available; what steps her Department is taking to close the tax gap; and whether she has set a target for closing the tax gap.
tabling member constituency	Basildon and Billericay
tabling member printed	Mr Richard Holden
uin	1811
answer	answer is ministerial correction date of answer 30/07/2024 answer text <p>The tax gap is the difference between the amount of tax that should, in theory, be paid to HMRC, and the amount that is actually paid. In 2005-06 the tax gap was estimated to be 7.4% (£32.4bn). The latest estimates, published in June 2024, show the tax gap at 4.8% (£39.8bn) in 2022-23.</p><p>The government is committed to tackling the tax gap, through increasing HMRC's compliance staff, investing in HMRC’s technology infrastructure, and making policy changes to tackle tax non-compliance. The government will set out further details at the budget.</p> answering member constituency Ealing North answering member printed James Murray question first answered 30/07/2024 16:28:24 answering member 4797 label Biography information for James Murray
tabling member	4813 label Biography information for Mr Richard Holden

1723491

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay: Young People
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the average take home pay was of someone aged 23 working full-time on the minimum wage in (a) cash terms and (b) adjusted for inflation in the financial year (i) 2000-01, (ii) 2009-10 and (iii) 2023-24.
tabling member constituency	Basildon and Billericay
tabling member printed	Mr Richard Holden
uin	1812
answer	answer is ministerial correction date of answer 30/07/2024 answer text <p>The statistics requested can be calculated for a typical worker on the minimum wage using the following data sources: average hours from ONS dataset HOUR01; inflation from ONS CPI series D7BT; historic Income Tax liabilities from HMRC, “Income Tax Personal Allowances and Reliefs”; historic National Insurance liabilities from HMRC, “Main Features of National Insurance Contributions”.</p> answering member constituency Hampstead and Highgate answering member printed Tulip Siddiq question first answered 30/07/2024 16:22:51 answering member 4518 label Biography information for Tulip Siddiq
tabling member	4813 label Biography information for Mr Richard Holden

1723493

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Expenditure
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the total Government underspend is for this financial year; and what the underspend is for each Department.
tabling member constituency	Basildon and Billericay
tabling member printed	Mr Richard Holden
uin	1813
answer	answer is ministerial correction date of answer 30/07/2024 answer text <p>As the Chancellor set out in her statement on July 29, there is a forecast Resource DEL overspend of £21.9 billion against the plans set out for departments at Spring Budget 2024. This already factors in the Treasury’s assessment of a £7.1bn fallaway over the course of the year, as set out in Table 1 of Fixing the foundations: public spending audit 2024-25.</p><p> </p> answering member constituency Bristol North West answering member printed Darren Jones question first answered 30/07/2024 17:23:55 answering member 4621 label Biography information for Darren Jones
tabling member	4813 label Biography information for Mr Richard Holden

1723648

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether she plans to bring forward legislative proposals to regulate buy-now-pay-later financial products.
tabling member constituency	Lagan Valley
tabling member printed	Sorcha Eastwood
uin	1882
answer	answer is ministerial correction date of answer 31/07/2024 answer text <p>Regulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the sector.</p><p> </p><p>The government will be looking to work closely with all interested stakeholders and will set out its plans shortly.</p> answering member constituency Hampstead and Highgate answering member printed Tulip Siddiq question first answered 31/07/2024 15:17:35 answering member 4518 label Biography information for Tulip Siddiq
tabling member	5125

1723653

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether she plans to commission an independent review into the loan charge by 4 October 2024.
tabling member constituency	Glastonbury and Somerton
tabling member printed	Sarah Dyke
uin	1887
answer	answer is ministerial correction date of answer 30/07/2024 answer text <p>I know that the loan charge is a very important matter for many members and their constituents. Within my first two weeks in office, I had my first meeting with campaigners to discuss the loan charge. The Chancellor and I have been considering this matter since taking office and will provide an update in due course.</p><p><strong> </strong></p> answering member constituency Ealing North answering member printed James Murray question first answered 30/07/2024 16:28:47 answering member 4797 label Biography information for James Murray
tabling member	4995 label Biography information for Sarah Dyke

1723724

registered interest
date	25/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Payment Methods: Digital Technology
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, following the increasing popularity of the use of digital wallets, what steps they are taking to ensure the (1) security, and (2) privacy, of consumers using digital wallets for contactless payments.
tabling member printed	Lord Taylor of Warwick
uin	HL372
answer	answer is ministerial correction date of answer 01/08/2024 answer text <p>The government recognises the importance of ensuring payment methods, including digital wallets, offer a high level of security and privacy to consumers.</p><p> </p><p>Between them, the independent Payment Systems Regulator and Financial Conduct Authority are responsible for ensuring payments systems and financial markets are working well for consumers.</p><p> </p><p>These regulators have jointly published a Call for Information to better understand the impacts of the increasing popularity of digital wallets on consumers and businesses, including in relation to security and privacy. This Call for Information is open for responses until 13 September.</p> answering member printed Lord Livermore question first answered 01/08/2024 15:15:18 answering member 4559 label Biography information for Lord Livermore
tabling member	1796 label Biography information for Lord Taylor of Warwick

1723214

registered interest
date	24/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of people who paid capital gains tax were in work in the most recent year for which data is available.
tabling member constituency	Harborough, Oadby and Wigston
tabling member printed	Neil O'Brien
uin	1556
answer	answer is ministerial correction date of answer 01/08/2024 answer text <p>In the 2021 to 2022 tax year, around 50% of customers liable to Capital Gains Tax (CGT) declared in their Self Assessment return that they were in employment or were self-employed.</p><p> </p><p>This figure is based on data reported by taxpayers who have filed a Self Assessment tax return and excludes a small proportion of taxpayers who have reported CGT exclusively via other filing systems.</p> answering member constituency Ealing North answering member printed James Murray question first answered 01/08/2024 16:06:00 answering member 4797 label Biography information for James Murray
tabling member	4679 label Biography information for Neil O'Brien

1723215

registered interest
date	24/07/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of people who paid capital gains tax also paid employee national insurance contributions in the most recent year for which data is available.
tabling member constituency	Harborough, Oadby and Wigston
tabling member printed	Neil O'Brien
uin	1557
answer	answer is ministerial correction date of answer 01/08/2024 answer text <p>HMRC does not routinely produce estimates of the proportion of capital gains taxpayers who have paid employee national insurance contributions. A reliable estimate would only be available at disproportionate cost.</p><p> </p><p>Annual statistics on Capital Gains Tax including number of taxpayers are available here: <a href="https://www.gov.uk/government/statistics/capital-gains-tax-statistics" target="_blank">https://www.gov.uk/government/statistics/capital-gains-tax-statistics</a> The statistics in this publication are for all customers liable to Capital Gains Tax including those who have and have not paid employee national insurance contributions.</p> answering member constituency Ealing North answering member printed James Murray question first answered 01/08/2024 16:07:34 answering member 4797 label Biography information for James Murray
tabling member	4679 label Biography information for Neil O'Brien