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1134023

	registered interest
	date	24/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Dementia: Health Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he will take to ensure that dementia care is adequately funded in the next Spending Review.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	268511
	answer	answer is ministerial correction date of answer 28/06/2019 answer text The Spending Review represents an opportunity to consider public spending priorities in the round, and the Treasury will be working closely with departments on funding issues, and with a renewed focus on delivering outcomes. answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 28/06/2019 07:35:58 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4131 label Biography information for Jim Shannon

1281577

	registered interest
	date	28/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Audit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when the HMRC was last audited.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	145020
	answer	answer is ministerial correction date of answer 04/02/2021 answer text The National Audit Office undertake an annual audit of the HMRC accounts. The latest audit findings were published on 5 November 2020 alongside the HMRC Annual Report and covered the period 2019-20. answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 04/02/2021 12:12:05 answering member 3991 label Biography information for Jesse Norman
	tabling member	4131 label Biography information for Jim Shannon

1584828

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to amend the tax-free entitlements for individual savings accounts in the next two years.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	141407
	answer	answer is ministerial correction date of answer 13/02/2023 answer text The Government recognises the importance of saving and is committed to ensuring that savings tax policy continues to support savers at all stages of life. This includes policy relating to ISAs, which remain popular across the UK - around 12 million adult ISAs were subscribed to in 2020-21.<p> </p><p> </p><p> </p>Individuals can save up to £20,000 into an ISA each year. This, coupled with the Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers, ensures that most savers pay no tax on their savings income.<p> </p><p> </p><p> </p>The government keeps all aspects of savings tax policy under review as part of the process of policy development and delivery, with any changes made as part of the Budget process. answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 13/02/2023 14:32:22 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4131 label Biography information for Jim Shannon

1380886

	registered interest
	date	22/11/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Inflation
	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 effect on his policies of the current rate of inflation.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	79377
	answer	answer is ministerial correction date of answer 25/11/2021 answer text In its October Economic and Fiscal Outlook (EFO), the independent Office for Budget Responsibility (OBR) set out its assessment of the economic impact of government policies announced at the Budget and Spending Review. The OBR noted that government policies overall had a small effect on inflation, with the price level 0.3% higher at the end of the forecast horizon as a result of Budget and Spending Review measures. The EFO captures the impact of policy measures, specifically referred to in box 2.1 in the October publication. answering member constituency Salisbury answering member printed John Glen question first answered 25/11/2021 08:57:30 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

1468034

	registered interest
	date	07/06/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance: Prosecutions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of promoters and operators of schemes now subject to the Loan Charge who have been prosecuted.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	13728
	answer	answer is ministerial correction date of answer 15/06/2022 answer text I refer my hon. Friend to the answer that was given on 01 April 2022 to the Question UIN 145811. answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 15/06/2022 16:05:22 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4131 label Biography information for Jim Shannon

1144601

	registered interest
	date	04/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax: Repayments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether a refund for higher stamp duty after the sale of a principle home will be granted in the event that the deadline for reclaiming stamp duty has passed due to technical issues at HMRC.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	286752
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Where an individual meets the conditions for requesting a refund of the higher rates of Stamp Duty Land Tax, following the sale of their previous main residence, they must do so within a prescribed time limit.</p><p> </p><p>If an individual’s refund is delayed by an HMRC technical issue, the individual would need to include information and evidence about that issue so that HMRC can consider those circumstances.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 15:07:53 answering member 3991 label Biography information for Jesse Norman
	tabling member	4131 label Biography information for Jim Shannon

1662741

	registered interest
	date	13/10/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax: Tax Rates and Bands
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has made an estimate of the number of large businesses paying into the highest bracket of corporation tax in calendar years (a) 2022 and (b) 2023.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	200595
	answer	answer is ministerial correction date of answer 23/10/2023 answer text <p>When the Corporation Tax rate change was announced at Budget 2021 it was estimated that around 200,000 companies would pay the 25% rate. <a href="https://www.gov.uk/government/speeches/budget-speech-2021" target="_blank">https://www.gov.uk/government/speeches/budget-speech-2021</a></p><p>Estimates of actual numbers paying the main rate will be published once data is available.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 23/10/2023 13:04:03 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4131 label Biography information for Jim Shannon

1361105

	registered interest
	date	19/10/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has plans for business rate reform in the next calendar year.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	58857
	answer	answer is ministerial correction date of answer 27/10/2021 answer text <p>We have published the conclusion of the Business Rates Review, which sets out our plans for reform, at the Budget.</p><p> </p><p>For example, the Review announces significant new measures to reduce the burden of business rates on firms, including freezing the multiplier in 2022-23, saving ratepayers £4.6bn over the next five years. We are providing a new temporary relief worth almost £1.7 billion for eligible retail, hospitality, and leisure businesses in England. We are also providing support worth almost £750m over the next five years for businesses to improve and decarbonise their properties.</p><p> </p><p>The Review also commits to changes to improve the business rates system, through a commitment to deliver more frequent revaluations. We will deliver a 3-yearly revaluations cycle from 2023.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 27/10/2021 14:14:10 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4131 label Biography information for Jim Shannon

1437714

	registered interest
	date	03/03/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure that organisations that received covid-19 loans repay a fair amount of the funding they received.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	134007
	answer	answer is ministerial correction date of answer 14/03/2022 answer text <p>We have been clear from the outset that these are loans which must be repaid.</p><p> </p><p>In order to give businesses who have borrowed under the Bounce Back Loan Scheme further support and flexibility in making their repayments, the Chancellor announced “Pay as You Grow” (PAYG) options in September 2020. These give businesses the option to take a a six month full repayment holiday, and to extend their Bounce Back Loan repayments over ten years, reducing their average monthly repayments on the loan by almost half. Businesses also have the option to move to interest-only payments for periods of up to six months (an option which they can use up to three times).</p><p> </p><p>For those who borrowed under the Coronavirus Business Interruption Loan Scheme (CBILS), the Government has taken action to allow lenders to provide borrowers with more time to make their repayments where they assess that borrowers are in difficulty and will benefit from the extension.</p><p> </p><p>While it is too early to give a definitive view on the final level of payments, current levels of failure to repay are lower than some of the worst-case scenarios cited by critics: early data shows that businesses have made a positive start to repayments, with the significant majority of businesses meeting monthly repayments. A proportion of businesses have chosen to repay their loan in full already and current levels of distress amongst borrowers are relatively low.</p><p> </p><p>The latest publicly available data can be found here: https://www.british-business-bank.co.uk/covid-19-emergency-loan-schemes-repayment-data/.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/03/2022 15:04:33 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

1541998

	registered interest
	date	14/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	PAYE: Employment Agencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps HMRC is taking collect PAYE tax from agencies who use registered contractors.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	86655
	answer	answer is ministerial correction date of answer 23/11/2022 answer text <p>Under section 44 of the Income Tax (Earnings and Pensions) Act 2003, most contractors supplying services via agencies must be treated as employees for income tax and National Insurance contributions (NICs) purposes by the agencies that pay them.</p><p> </p><p>These agencies are required to make deductions of income tax and employee NICs, where these are due, from the workers’ pay through Pay As You Earn in the same way and at the same level as with direct employees. The agencies will also be liable to pay employer NICs, where these are due, in respect of payments to the workers.</p><p> </p><p>HMRC has a risk-based approach towards compliance activities and will investigate evidence of non-compliance or avoidance. Where HMRC finds that an agency has failed to account for tax and NICs, it will seek to recover unpaid amounts due.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 23/11/2022 12:34:30 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4131 label Biography information for Jim Shannon