Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1717686

registered interest
date	13/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many businesses (a) do not meet the VAT threshold and (b) have profits over £45,000 in (i) the UK and (ii) in each region of the UK.
tabling member constituency	West Dorset
tabling member printed	Chris Loder
uin	25983
answer	answer is ministerial correction date of answer 20/05/2024 answer text <p>The most recent year for which we hold complete tax records is for businesses with a basis period ending in 2021-22. For this year across the whole of the UK, there were a total of 9,170,000 businesses that declared turnover below the VAT threshold. Of these, 210,000 also had profits above £45,000.</p><p> </p><p>Please note that this is the total number of businesses with turnover below the VAT threshold. Of these some may have registered for VAT voluntarily, and others may be exempt from VAT for other reasons.</p><p> </p><p>HMRC does not hold readily available data on the regional breakdown of the total number of businesses across the UK which can be used for analysing VAT. This is because some businesses can have both single and multiple sites, and therefore such breakdowns would be of limited value.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 25981 25982 question first answered 20/05/2024 15:33:22 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4751 label Biography information for Chris Loder

1483541

registered interest
date	27/06/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Evasion
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate he has made of the impact of tax fraud on the tax gap.
tabling member constituency	Kingston upon Hull West and Hessle
tabling member printed	Emma Hardy
uin	25983
answer	answer is ministerial correction date of answer 04/07/2022 answer text <p>HMRC does not make a separate estimate of the amount of the impact of tax fraud within the tax gap.</p><p> </p><p>HMRC defines fraud as any deliberate omission, concealment, or misinterpretation of information, or the false or deceptive presentation of information or circumstances in order to gain a tax advantage.</p><p> </p><p>Tax fraud covers a wide range of illegal activity, including:</p><ul><li>deliberately submitting false tax returns</li><li>falsely claiming repayments or reliefs</li><li>hiding income, gains or wealth offshore</li><li>smuggling taxable goods</li></ul><p> </p><p>Some of this is carried out by dishonest individuals, but organised criminals also deliberately target the tax system for financial gain.</p><p> </p><p>The tax gap includes the following illustrative estimates by customer behaviour for the tax year 2020-21.</p><p> </p><table><tbody><tr><td><p>Behavior</p></td><td><p>Value</p></td><td><p>Share of tax gap</p></td></tr><tr><td><p>Failure to take reasonable care</p></td><td><p>£6.1bn</p></td><td><p>19%</p></td></tr><tr><td><p>Criminal attacks</p></td><td><p>£5.2bn</p></td><td><p>16%</p></td></tr><tr><td><p>Non-payment</p></td><td><p>£4.9bn</p></td><td><p>15%</p></td></tr><tr><td><p>Evasion</p></td><td><p>£4.8bn</p></td><td><p>15%</p></td></tr><tr><td><p>Legal interpretation</p></td><td><p>£3.7bn</p></td><td><p>12%</p></td></tr><tr><td><p>Hidden economy</p></td><td><p>£3.2bn</p></td><td><p>10%</p></td></tr><tr><td><p>Error</p></td><td><p>£3.0bn</p></td><td><p>9%</p></td></tr><tr><td><p>Avoidance</p></td><td><p>£1.2bn</p></td><td><p>4%</p></td></tr></tbody></table><p> </p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 04/07/2022 15:28:34 answering member 4517 label Biography information for Lucy Frazer
tabling member	4645 label Biography information for Emma Hardy