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 question first answered answering member label
tabling member	label

Search

1302514

registered interest
date	15/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the total value of planned capital investment that will be brought forward into the two-year eligibility period for super-deduction from future financial years.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	169022
answer	answer is ministerial correction date of answer 18/03/2021 answer text <p>The OBR provides independent scrutiny of Budget measures (and considers HM Treasury analysis as part of this process). The OBR has said that, at its peak in the financial year 2022-23, the super-deduction will bring forward 10% of business investment with a value of £20bn.</p><p> </p><p>The economic impacts of the super-deduction are incorporated in the OBR’s forecasts contained within its Economic and Fiscal Outlook, which is available online.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/03/2021 11:55:45 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1302517

registered interest
date	15/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax: Foreign Investment in UK
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if his Department will make an assessment of the effect on the level of inward investment in each year since 2010 of Government corporation tax policy changes since 2010.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	169023
answer	answer is ministerial correction date of answer 18/03/2021 answer text <p>The estimated economic impacts of reductions in the rate of Corporation Tax since 2010 were reflected in the OBR’s forecasts at the time those reductions were announced and detailed in the OBR’s published Economic and Fiscal Outlook.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/03/2021 15:17:43 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1302519

registered interest
date	15/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Expenditure
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the annual resource departmental expenditure budget of HM Revenue and Customs has been in each year since 2010.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	169024
answer	answer is ministerial correction date of answer 18/03/2021 answer text <p>The table below shows HM Revenue and Customs annual resource budget each year from 2010-11 to 2020-21 as set out in the Published Supplementary Estimates.</p><p> </p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>Departmental Expenditure Limits (DEL) Administration Budget<br> £'000</p></td><td><p>Departmental Expenditure Limits (DEL) Programme Budget<br> £'000</p></td><td><p>Total Resource DEL Budget<br> £'000</p></td></tr><tr><td><p>2010-11</p></td><td><p>3,784,260</p></td><td><p>0</p></td><td><p>3,784,260</p></td></tr><tr><td><p>2011-12</p></td><td><p>974,765</p></td><td><p>2,791,599</p></td><td><p>3,766,364</p></td></tr><tr><td><p>2012-13</p></td><td><p>962,941</p></td><td><p>2,727,991</p></td><td><p>3,690,932</p></td></tr><tr><td><p>2013-14</p></td><td><p>880,271</p></td><td><p>2,774,454</p></td><td><p>3,654,725</p></td></tr><tr><td><p>2014-15</p></td><td><p>832,604</p></td><td><p>2,685,790</p></td><td><p>3,518,394</p></td></tr><tr><td><p>2015-16</p></td><td><p>855,177</p></td><td><p>2,752,864</p></td><td><p>3,608,041</p></td></tr><tr><td><p>2016-17</p></td><td><p>899,811</p></td><td><p>2,961,435</p></td><td><p>3,861,246</p></td></tr><tr><td><p>2017-18</p></td><td><p>870,647</p></td><td><p>3,110,710</p></td><td><p>3,981,357</p></td></tr><tr><td><p>2018-19</p></td><td><p>966,111</p></td><td><p>3,108,663</p></td><td><p>4,074,774</p></td></tr><tr><td><p>2019-20</p></td><td><p>1,037,220</p></td><td><p>3,333,234</p></td><td><p>4,370,454</p></td></tr><tr><td><p>2020-21</p></td><td><p>1,110,118</p></td><td><p>3,851,341</p></td><td><p>4,961,459</p></td></tr></tbody></table><p><br> Note: This table includes depreciation. This table excludes Capital expenditure, Annually Managed Expenditure (AME) and Non-Budget Spending.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/03/2021 11:58:30 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1302577

registered interest
date	15/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Opera House: Self-employment Income Support Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 15 March 2021 to Question 163647, if he will publish information on the Self-Employment Income Support Scheme specifically in relation to theatrical freelances whose self-employment income was incorrectly classified as PAYE by the Royal Opera House.
tabling member constituency	Epsom and Ewell
tabling member printed	Chris Grayling
uin	168844
answer	answer is ministerial correction date of answer 18/03/2021 answer text <p>The Government is unable to comment on specific cases due to taxpayer confidentiality.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/03/2021 11:57:00 answering member 3991 label Biography information for Jesse Norman
tabling member	1413 label Biography information for Chris Grayling

1302620

registered interest
date	15/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Off-payroll Working: Hampstead and Kilburn
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 potential effect of IR35 changes on businesses in Hampstead and Kilburn constituency; and if he will make an assessment of the potential merits of delaying the implementation of IR35 changes until April 2022.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	168983
answer	answer is ministerial correction date of answer 18/03/2021 answer text <p>The Tax Information and Impact Note (TIIN) published at Spring Budget 2021 sets out that the reform of the off-payroll working rules is expected to affect up to 60,000 medium and large enterprises, about 180,000 individuals working through their own companies, and approximately 20,000 agencies nationally. The TIIN can be found on GOV.UK: <a href="https://www.gov.uk/government/publications/off-payroll-working-rules-from-april-2021/off-payroll-working-rules-from-april-2021" target="_blank">https://www.gov.uk/government/publications/off-payroll-working-rules-from-april-2021/off-payroll-working-rules-from-april-2021</a>. No specific assessment has been made of the potential effect on businesses in Hampstead and Kilburn constituency.</p><p> </p><p>The changes to the off-payroll working rules come into effect on 6 April 2021 and were legislated for in Finance Act 2020.</p><p> </p><p>Further delay to the implementation of the reform would have very significant drawbacks. As well as the fiscal cost, it would prolong the fundamental unfairness of taxing two people differently for the same work. It would also extend the disparity between the private and voluntary sectors, and the public sector, where the reform has been in place since 2017.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/03/2021 11:59:45 answering member 3991 label Biography information for Jesse Norman
tabling member	4518 label Biography information for Tulip Siddiq

1302621

registered interest
date	15/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-employment Income Support Scheme: Self-assessment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 15 March 2021 to Question 166463 on Taxation: Self-assessment, how many and what proportion of people already in receipt of a Self-Employed Income Support Scheme grant received prior notice that failure to submit a tax return for the tax year 2019-20 by (a) 2 March 2021 or (b) any other date would result in them being ineligible for the fourth and fifth grants.
tabling member constituency	East Renfrewshire
tabling member printed	Kirsten Oswald
uin	168954
answer	answer is ministerial correction date of answer 18/03/2021 answer text <p>The Government announced at Budget 2021 on 3 March 2021 that the Self-Employment Income Support Scheme (SEISS) will continue until September, with a fourth and a final fifth grant. This provides certainty on the policy to business as the economy reopens and means that the SEISS continues to be one of the most generous schemes for the self-employed in the world.</p><p> </p><p>The Chancellor also announced that the fourth and fifth SEISS grants would be based on 2019-20 Self-Assessment tax returns and individuals must have submitted their 2019-20 tax return by 2 March 2021.</p><p> </p><p>The effect of this is that more than 600,000 people are brought into scope who either became self-employed in 2019-20, or were ineligible for previous grants but now may be eligible for the fourth grant on the basis of submitting their 2019-20 Self Assessment tax return.</p><p> </p><p>As in previous years HMRC ran a prominent communications campaign in order to prompt taxpayers to file their return by the due date. This year, in addition, they issued further press releases during February, complemented by messaging via social media and, where possible, direct emails and SMS texts to taxpayers who had not yet filed returns, and their agents.</p><p> </p><p>HMRC analysis of filing volumes around this period suggests that an estimated 97% of individuals who claimed the third SEISS grant (about 2.1 million people) had submitted their 2019-20 Self-Assessment tax return by 28 February.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/03/2021 11:53:53 answering member 3991 label Biography information for Jesse Norman
tabling member	4413 label Biography information for Kirsten Oswald

1302128

registered interest
date	12/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax: Tax Allowances
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 level of profit shifting into the UK as a result of the corporation tax super deduction in (a) 2021-22 and (b) 2022-23.
tabling member constituency	Houghton and Sunderland South
tabling member printed	Bridget Phillipson
uin	167859
answer	answer is ministerial correction date of answer 17/03/2021 answer text <p>The UK has been at the forefront of the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting (BEPS) Project, which seeks to address the gaps and mismatches in the global tax system used to shift profits artificially to low or no tax locations where there is little or no economic activity.</p><p> </p><p>The Government has already taken decisive action to ensure the UK’s tax laws remain robust and that multinational companies operating in the UK pay the right amount of tax on the profits earned here, including Corporate Interest Restriction rules (which raise approximately £1 billion a year), hybrid mismatch rules (expected to raise £900 million between 2016/17 and 2020/21) and the requirement for large businesses to provide HMRC with a country-by-country breakdown of their profits, tax and assets.</p><p> </p><p>The super-deduction benefits businesses that have real physical substance (plant and machinery) in the UK, not those who try to shift profits artificially. The Government keeps the tax system under review at all times and will take any necessary action to address any emerging risks.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/03/2021 13:49:10 answering member 3991 label Biography information for Jesse Norman
tabling member	4046 label Biography information for Bridget Phillipson

1302220

registered interest
date	12/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Software: Capital Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether investment in software can qualify for 130 per cent super-deduction capital allowance in 2021-22 and 2022-23 under section 815 of the Corporation Tax Act 2009.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	167942
answer	answer is ministerial correction date of answer 17/03/2021 answer text <p>The super-deduction capital allowance will allow companies to reduce their taxable profits by 130% of the value of their investment in plant and machinery.</p><p> </p><p>Investment in software can be classified as either a revenue expenditure, in which case it is deductible for tax purposes, or a capital expenditure, in which case it is generally addressed through the intangibles regime instead. This means software would be ineligible for the super-deduction.</p><p> </p><p>However, if a company wishes, they can choose to make an election under s815 Corporation Tax Act 2009 to remove software from the intangibles regime and instead claim capital allowances. In this case, the super-deduction will be available.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/03/2021 13:51:01 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1302221

registered interest
date	12/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Social Enterprises: Tax Allowances
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 increase the uptake of the Social Investment Tax Relief.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	167943
answer	answer is ministerial correction date of answer 17/03/2021 answer text <p>The Social Investment Tax Relief (SITR) was introduced in 2014 to encourage risk finance investments in qualifying social enterprises. HMRC statistics show that up to 2018-19, about 110 enterprises have used the scheme to raise £11.2 million.</p><p> </p><p>At the Budget on 3 March, the Government announced that SITR would be extended for two years, until April 2023, to continue support for qualifying investments into social enterprises. SITR will be extended with its current eligibility rules and targeting, to ensure that the scheme continues to focus on higher risk social enterprises that face the greatest difficulties in accessing finance.</p><p> </p><p>The Government keeps all taxes and reliefs under review in order to ensure they continue to meet policy objectives in a way that is fair and effective. The Government previously published a Call for Evidence in 2019 on SITR’s use to date. The Government will publish a Summary of Responses to this on 23 March.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/03/2021 13:44:38 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1302222

registered interest
date	12/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Standards
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps are being taken by HMRC to ensure there is uniform interpretation of customs rules at different entry points into the UK.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	167944
answer	answer is ministerial correction date of answer 17/03/2021 answer text <p>HMRC are supporting and building trader capability to ensure compliance across different entry points in the UK during staged controls and when full controls are put in place in January 2022.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/03/2021 13:46:47 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds