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911062

	registered interest
	date	24/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Customs
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what analysis supports the view of the Chief Executive of Her Majesty's Revenue and Customs that the proposed maximum facilitation customs arrangement after the UK leaves the EU could cost businesses between £17 billion and £20 billion per year.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL8225
	answer	answer is ministerial correction date of answer 07/06/2018 answer text <p>Analysis to support the numbers used by the Chief Executive of Her Majesty’s Revenue and Customs was outlined in a letter to the Chair of the Treasury Select Committee sent on 4 June 2018<sup><sup>[1]</sup></sup>. The letter is also attached.</p><p> </p><p>[1] https://www.parliament.uk/documents/commons-committees/treasury/Correspondence/2017-19/hmrc-customs-costs-040618.pdf</p> answering member printed Lord Bates question first answered 07/06/2018 16:36:12 answering member 1091 label Biography information for Lord Bates attachment 1 file name hmrc-customs-costs-040618.pdf title HMRC letter
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

1064789

	registered interest
	date	21/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have evaluated the impact on revenues of the stamp duty reforms announced in the 2014 Autumn Statement.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL13953
	answer	answer is ministerial correction date of answer 07/03/2019 answer text <p>At Autumn Statement 2014 the government published costings of the reforms to Stamp Duty Land Tax (SDLT) which highlighted the anticipated revenue implications of the reform across the forecast period. HMRC also publish quarterly and annual statistics on SDLT revenue and transactions.</p><p> </p><p>Residential SDLT receipts were just under £1.8bn higher in 2017-18 than they were in 2014-15, the last financial year before the Autumn Statement 2014 reforms.</p> answering member printed Lord Bates question first answered 07/03/2019 14:55:56 answering member 1091 label Biography information for Lord Bates
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

868233

	registered interest
	date	20/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions: Older People
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue they estimate would be raised if a national insurance charge of one per cent were applied to the employment, pension, savings, and rental income of those over retirement age, assuming the same national insurance allowance as for those below retirement age.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL6505
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The revenue raised from increasing Class 1 national insurance rates on employment income by 1% may be approximated using the “Direct effects of illustrative tax changes”<sup>1</sup>.</p><p> </p><p>This shows the yield from a change in the Class 1 employee main rate by 1 percentage point and the Class 1 employee additional rate by 1 percent point in 2018-19 through to 2020-21.</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>(£m)</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td><td><p><strong>2020-21</strong></p></td></tr><tr><td><p><strong>Change Class 1 employee main rate by 1 percent point</strong></p></td><td><p>4050</p></td><td><p>4200</p></td><td><p>4300</p></td></tr><tr><td><p><strong>Change Class 1 employee additional rate by 1 percent point</strong></p></td><td><p>890</p></td><td><p>910</p></td><td><p>940</p></td></tr></tbody></table><ol><li><strong>Extract of the table as published at the following address: </strong><a href="https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes</a></li></ol><p><strong> </strong></p>An estimate of the impact of introducing a NICs charge for those over state pension age or a surcharge for those below state pension age on rental, savings, and pensions income is not available. National Insurance is not currently payable on these income streams and therefore a number of policy design decisions would need to be taken in order to estimate how much would be raised from introducing such a charge. answering member printed Lord Bates question first answered 29/03/2018 16:01:14 answering member 1091 label Biography information for Lord Bates
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

868234

	registered interest
	date	20/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue they estimate would be raised if a national insurance surcharge of one per cent were applied to the employment, rental, savings, and pensions income of those below retirement age.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL6506
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The revenue raised from increasing Class 1 national insurance rates on employment income by 1% may be approximated using the “Direct effects of illustrative tax changes”<sup>1</sup>.</p><p> </p><p>This shows the yield from a change in the Class 1 employee main rate by 1 percentage point and the Class 1 employee additional rate by 1 percent point in 2018-19 through to 2020-21.</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>(£m)</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td><td><p><strong>2020-21</strong></p></td></tr><tr><td><p><strong>Change Class 1 employee main rate by 1 percent point</strong></p></td><td><p>4050</p></td><td><p>4200</p></td><td><p>4300</p></td></tr><tr><td><p><strong>Change Class 1 employee additional rate by 1 percent point</strong></p></td><td><p>890</p></td><td><p>910</p></td><td><p>940</p></td></tr></tbody></table><ol><li><strong>Extract of the table as published at the following address: </strong><a href="https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes</a></li></ol><p><strong> </strong></p>An estimate of the impact of introducing a NICs charge for those over state pension age or a surcharge for those below state pension age on rental, savings, and pensions income is not available. National Insurance is not currently payable on these income streams and therefore a number of policy design decisions would need to be taken in order to estimate how much would be raised from introducing such a charge. answering member printed Lord Bates question first answered 29/03/2018 14:45:32 answering member 1091 label Biography information for Lord Bates
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court