On 16 January 2024, under the previous Government, HM Treasury published a consultation proposing changes to the Capital Gains Tax (CGT) rules that apply to alternative financial arrangements. The consultation closed on 9 April 2024 and this Government is carefully considering all responses. A response document will be published in due course.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4559", "label" : {"_value" : "Biography information for Lord Livermore"} } , "answeringMemberPrinted" : {"_value" : "Lord Livermore"} , "dateOfAnswer" : {"_value" : "2024-09-16", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-09-16T14:55:39.64Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-09-02", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Taxation"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 13 May (HL4179), when they expect to publish the summary of responses and details of next steps for the Tax Simplification for Alternative Finance consultation, which closed on 9 April.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4196", "label" : {"_value" : "Biography information for Lord Sharkey"} } , "tablingMemberPrinted" : [{"_value" : "Lord Sharkey"} ], "uin" : "HL692"} , {"_about" : "http://data.parliament.uk/resources/1725739", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1725739/answer", "answerText" : {"_value" : "
The government regularly publishes a breakdown of total public tax receipts and total public sector spending. The most recent of these can be found in Annex B of the Spring Budget 2024<\/em> document, which is published on gov.uk here: Spring Budget 2024 - GOV.UK (www.gov.uk)<\/a>. Citizens can also see how this breakdown applies to their tax contributions via the Annual Tax Summary service which can be accessed here: Annual Tax Summary - GOV.UK (www.gov.uk)<\/a><\/p> <\/p> A more detailed breakdown of current receipts, public sector current expenditure (PSCE) and public sector gross investment (PSGI), is set out in the Economic and Fiscal Outlook (EFO) published by the Office for Budget Responsibility (OBR). The most of recent of these can be found in Tables A5 and A7 in the EFO published in March 2024, alongside the Spring Budget. This can be found on the OBR\u2019s website here: EFOs - Office for Budget Responsibility (obr.uk)<\/a>.<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4797", "label" : {"_value" : "Biography information for James Murray"}
}
, "answeringMemberConstituency" : {"_value" : "Ealing North"}
, "answeringMemberPrinted" : {"_value" : "James Murray"}
, "dateOfAnswer" : {"_value" : "2024-09-09", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-09-09T12:50:37.453Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-08-30", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of providing citizens with a breakdown of what proportion of their tax payments are invested into each sector of the economy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4591", "label" : {"_value" : "Biography information for Sarah Olney"}
}
, "tablingMemberConstituency" : {"_value" : "Richmond Park"}
, "tablingMemberPrinted" : [{"_value" : "Sarah Olney"}
], "uin" : "2971"}
, {"_about" : "http://data.parliament.uk/resources/1724612", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1724612/answer", "answerText" : {"_value" : " The UK tax gap in 2022-23 is estimated to be 4.8% of total theoretical tax liabilities, or £39.8 billion in absolute terms. The tax gap has fallen from 7.4% of total theoretical liabilities in 2005-06, or £32.4bn in absolute terms.<\/p> The 2005-06 and 2022-23 tax gap estimates can be adjusted for inflation using the published GDP deflators available at: www.gov.uk/government/statistics/gdp-deflators-at-market-prices-and-money-gdp-june-2024-quarterly-national-accounts<\/p> The government is committed to tackling the tax gap, through increasing HMRC's compliance staff, investing in HMRC\u2019s technology infrastructure, and making policy changes to tackle tax non-compliance. The government will set out further details at the budget.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4797", "label" : {"_value" : "Biography information for James Murray"}
}
, "answeringMemberConstituency" : {"_value" : "Ealing North"}
, "answeringMemberPrinted" : {"_value" : "James Murray"}
, "dateOfAnswer" : {"_value" : "2024-09-04", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-09-04T10:48:41.523Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-07-30", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, pursuant to the Answer of 30 July 2024 to Question 1811 on Taxation, what the tax gap of (a) 2005-06 and (b) 2022-3 is adjusted for inflation in (i) 2005-06 and (ii) 2022-23 real terms.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4813", "label" : {"_value" : "Biography information for Mr Richard Holden"}
}
, "tablingMemberConstituency" : {"_value" : "Basildon and Billericay"}
, "tablingMemberPrinted" : [{"_value" : "Mr Richard Holden"}
], "uin" : "2541"}
, {"_about" : "http://data.parliament.uk/resources/1724172", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1724172/answer", "answerText" : {"_value" : " The Government is committed to the continued strength of the UK Islamic Finance sector, both as an important part of the UK\u2019s overall financial ecosystem and as an instrument of financial inclusion.<\/p> The alternative finance tax rules aim to provide a level playing field for tax purposes across alternative and conventional financing arrangements.<\/p> On 16 January 2024, HM Treasury published a consultation proposing changes to the Capital Gains Tax (CGT) rules that apply to alternative finance arrangements. The proposed changes seek to amend those rules so that where property is used as collateral for the purposes of raising finance, the CGT outcome is the same whether alternative finance or conventional finance is used. The consultation also asked whether there are any implications for capital allowances. The consultation closed on 9 April 2024 and the Government is considering responses. Next steps will be set out in due course.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4797", "label" : {"_value" : "Biography information for James Murray"}
}
, "answeringMemberConstituency" : {"_value" : "Ealing North"}
, "answeringMemberPrinted" : {"_value" : "James Murray"}
, "dateOfAnswer" : {"_value" : "2024-09-05", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "2132"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-09-05T16:46:22.303Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-07-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, whether her Department plans to respond to the consultation entitled Tax Simplification for Alternative Finance, which closed 9 April 2024.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4671", "label" : {"_value" : "Biography information for Afzal Khan"}
}
, "tablingMemberConstituency" : {"_value" : "Manchester Rusholme"}
, "tablingMemberPrinted" : [{"_value" : "Afzal Khan"}
], "uin" : "2131"}
, {"_about" : "http://data.parliament.uk/resources/1723490", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1723490/answer", "answerText" : {"_value" : " 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> The government is committed to tackling the tax gap, through increasing HMRC's compliance staff, investing in HMRC\u2019s technology infrastructure, and making policy changes to tackle tax non-compliance. The government will set out further details at the budget.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4797", "label" : {"_value" : "Biography information for James Murray"}
}
, "answeringMemberConstituency" : {"_value" : "Ealing North"}
, "answeringMemberPrinted" : {"_value" : "James Murray"}
, "dateOfAnswer" : {"_value" : "2024-07-30", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-07-30T16:28:24.097Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-07-25", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4813", "label" : {"_value" : "Biography information for Mr Richard Holden"}
}
, "tablingMemberConstituency" : {"_value" : "Basildon and Billericay"}
, "tablingMemberPrinted" : [{"_value" : "Mr Richard Holden"}
], "uin" : "1811"}
, {"_about" : "http://data.parliament.uk/resources/1718446", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1718446/answer", "answerText" : {"_value" : " HMRC\u2019s approach to debt is to strike a balance between doing everything it can to collect the debt in a timely manner and taking more robust action where taxpayers do not engage or refuse to pay. More information can be found in HMRC\u2019s published tax debt strategy on GOV.UK.<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4407", "label" : {"_value" : "Biography information for Nigel Huddleston"}
}
, "answeringMemberConstituency" : {"_value" : "Mid Worcestershire"}
, "answeringMemberPrinted" : {"_value" : "Nigel Huddleston"}
, "dateOfAnswer" : {"_value" : "2024-05-20", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-05-20T15:40:07.587Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-05-15", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what steps his Department is taking to improve the (a) efficiency of and (b) resources available to HMRC's tax recovery strategy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4653", "label" : {"_value" : "Biography information for Stephen Morgan"}
}
, "tablingMemberConstituency" : {"_value" : "Portsmouth South"}
, "tablingMemberPrinted" : [{"_value" : "Stephen Morgan"}
], "uin" : "26586"}
, {"_about" : "http://data.parliament.uk/resources/1716965", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1716965/answer", "answerText" : {"_value" : " The Chancellor has been clear that tax simplification is a key priority. He has set a clear mandate for officials in HMT and HMRC to focus on simplification during tax policy making and implementation.<\/p> <\/p> Recent fiscal events have included several simplification measures. At Autumn Statement 2023 the government abolished the obligation to pay class 2 self-employed national insurance contributions, simplified the capital allowances system for large businesses by making full expensing permanent, and made it easier for self-employed to use a simplified method for calculating small business profits known as the cash basis.<\/p> <\/p> The Government announced additional simplifications in a Written Statement on 16th<\/sup> January.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4407", "label" : {"_value" : "Biography information for Nigel Huddleston"}
}
, "answeringMemberConstituency" : {"_value" : "Mid Worcestershire"}
, "answeringMemberPrinted" : {"_value" : "Nigel Huddleston"}
, "dateOfAnswer" : {"_value" : "2024-05-16", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-05-16T12:44:56.453Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-05-09", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what plans he has to simplify the tax system.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4006", "label" : {"_value" : "Biography information for Dr Matthew Offord"}
}
, "tablingMemberConstituency" : {"_value" : "Hendon"}
, "tablingMemberPrinted" : [{"_value" : "Dr Matthew Offord"}
], "uin" : "25476"}
, {"_about" : "http://data.parliament.uk/resources/1695487", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1695487/answer", "answerText" : {"_value" : " The Office for Budget Responsibility provide the official government forecasts. Their estimate of the impact of personal tax policies on work incentives can be found in Box 3.2 of their Economic and Fiscal Outlook \u2013 March 2024.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4407", "label" : {"_value" : "Biography information for Nigel Huddleston"}
}
, "answeringMemberConstituency" : {"_value" : "Mid Worcestershire"}
, "answeringMemberPrinted" : {"_value" : "Nigel Huddleston"}
, "dateOfAnswer" : {"_value" : "2024-03-20", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "18243"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-03-20T16:36:20.41Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-03-12", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Taxation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of changes to personal tax thresholds on incentives to work.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4638", "label" : {"_value" : "Biography information for Mr Tanmanjeet Singh Dhesi"}
}
, "tablingMemberConstituency" : {"_value" : "Slough"}
, "tablingMemberPrinted" : [{"_value" : "Mr Tanmanjeet Singh Dhesi"}
], "uin" : "18244"}
, {"_about" : "http://data.parliament.uk/resources/1692064", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1692064/answer", "answerText" : {"_value" : " HMRC\u2019s Personal Income Statistics by tax year now contain a constituency-level breakdown of taxpayer numbers for the tax year 2021 to 2022. This is the latest outturn data available and can be found below:<\/p> <\/p>