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1347319

registered interest
date	15/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made, applying the Laffer curve, of the potential effect on tax revenues of a reduction in corporation tax.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	33878
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>The fiscal and economic impact of changes in the rate of Corporation Tax (CT) have been set out in the Office for Budget Responsibility’s (OBR’s) Economic and Fiscal Outlooks which are published alongside fiscal events.</p><p> </p><p>The most recent forecast, published in March 2021, includes the revenue raised from the announcement made at Budget 2021: that the main rate will increase to 25% from April 2023, which is forecast to raise over £45 billion across the next 5 years.</p><p> </p><p>This forecast incorporates adjustments to reflect behavioural responses from businesses to changes in the rate of CT.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:22:20 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

1347391

registered interest
date	15/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-employment Income Support Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reason the value of the fifth Self Employment Scheme grant is set as a percentage of three months' profits; and what the evidential basis is for that policy.
tabling member constituency	North East Fife
tabling member printed	Wendy Chamberlain
uin	34067
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>The Government announced at Budget 2021 that the Self-Employment Income Support Scheme (SEISS) will continue until September, with a fourth and a final fifth grant.</p><p> </p><p>The fifth and final SEISS grant, covering May to September, will include a turnover test, known as a ‘Financial Impact Declaration‘(FID) in order to ensure that the most generous support is targeted at those who need it the most. This will determine whether claimants receive a grant worth 80% of three months’ average trading profits, and capped at £7,500 or a grant worth 30% and capped at £2,850.</p><p> </p><p>Previous SEISS grants provided support for a period that was subject to restrictive measures across the UK to tackle the virus. As restrictions continue to be lifted, it is right that the government begins to tailor the level of support provided.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:25:31 answering member 3991 label Biography information for Jesse Norman
tabling member	4765 label Biography information for Wendy Chamberlain

1347402

registered interest
date	15/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus Job Retention Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department plans to conduct a retrospective review of claims under the Coronavirus Job Retention Scheme; and whether he plans to take steps to prevent companies that claimed under that scheme in good faith being retrospectively penalised.
tabling member constituency	North East Fife
tabling member printed	Wendy Chamberlain
uin	34068
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>HMRC will subject CJRS claims to scrutiny and use their usual compliance tools to carry out proportionate risk-based compliance checks before and after payment to test the veracity of CJRS claims. In doing so, HMRC will protect essential public services and the livelihoods at risk during these challenging times.</p><p> </p><p>It is vital the Government supports businesses to recover by ensuring a level playing field so the compliant majority cannot be undercut by a minority who are trying to cheat the system.</p><p> </p><p>HMRC know that some people will have made honest mistakes and are taking a proportionate approach to recovering overclaimed grants. HMRC also know that many businesses claimed while under considerable pressure and may not have fully appreciated what work was, and was not, allowed.</p><p> </p><p>No-one who has tried to do the right thing but made an honest mistake has any need to be concerned, as long as they work with HMRC to put it right. HMRC can correct a mistake without a penalty within 90 days of receiving the grant or their circumstances changing.</p><p> </p><p>The Government is also taking tough action to tackle fraudulent behaviour. Anyone who keeps furlough money despite knowing they were not entitled to it faces having repay up to double the amount they received, plus interest and potentially criminal prosecution.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:23:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4765 label Biography information for Wendy Chamberlain

1346302

registered interest
date	13/07/2021
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 steps he has taken to tackle tax evasion.
tabling member constituency	Wolverhampton South West
tabling member printed	Stuart Anderson
uin	32515
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>Since 2010, the Government has introduced over 150 new measures to tackle tax avoidance, evasion and other forms of non-compliance, and has secured and protected over £250 billion in tax revenues that would have otherwise gone unpaid. These efforts have helped to reduce the tax gap to a record low of 4.7% for the year 2018-19.</p><p> </p><p>At Spring Budget 2021, the Government announced a further 14 measures to tackle tax non-compliance, forecast to raise £2.2 billion over the next five years. The Government remains committed to reducing the tax gap and will bring forward further measures in the autumn.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:26:50 answering member 3991 label Biography information for Jesse Norman
tabling member	4742 label Biography information for Stuart Anderson

1346468

registered interest
date	13/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Carbon Emissions: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, under what circumstances low carbon investments pay (a) 20 per cent and (b) five per cent VAT.
tabling member constituency	Nottingham North
tabling member printed	Alex Norris
uin	32484
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. While there are exceptions to the standard rate, these have always been limited by both legal and fiscal considerations.</p><p> </p><p>One such exception is the reduced rate of VAT of 5 per cent for the installation in residential accommodation of certain energy-saving materials such as ground source heat pumps, air source heat pumps and solar panels that help to reduce carbon emissions. Detail about the circumstances in which such reliefs apply can be found in Energy-saving materials (VAT Notice 708/6).</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:43:23 answering member 3991 label Biography information for Jesse Norman
tabling member	4641 label Biography information for Alex Norris

1346469

registered interest
date	13/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Heat Pumps: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much VAT revenue has been raised through the sale of heat pumps in the last 12 months.
tabling member constituency	Nottingham North
tabling member printed	Alex Norris
uin	32485
answer	answer is ministerial correction date of answer 20/07/2021 answer text HMRC do not hold information on VAT revenue from specific products or services. This is because businesses are not required to provide figures at a product level on their VAT returns, as this would impose an excessive administrative burden. answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:05:03 answering member 3991 label Biography information for Jesse Norman
tabling member	4641 label Biography information for Alex Norris

1345715

registered interest
date	12/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-assessment: Repayments
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions his Department has had with officials at HMRC on processing self-assessment repayment requests.
tabling member constituency	Brentford and Isleworth
tabling member printed	Ruth Cadbury
uin	31429
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>HMT officials are in regular contact with HMRC on a range of important issues, including matters relating to Self Assessment. The Government is committed to processing Self Assessment repayment requests promptly, while ensuring that the necessary checks are completed to guard against fraud.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:03:36 answering member 3991 label Biography information for Jesse Norman
tabling member	4389 label Biography information for Ruth Cadbury