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1659240

registered interest
date	07/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Nurseries: Business Rates
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of (1) the average business rates charged to nurseries in England, and (2) the cost of exempting early years providers from business rates.
tabling member printed	Lord Browne of Ladyton
uin	HL9975
answer	answer is ministerial correction date of answer 14/09/2023 answer text <p>The Valuation Office Agency (VOA) is responsible for valuing non-domestic property for business rates purposes. Based on VOA data from April 2023, the mean rateable value (RV) for a day nursery or play school in England is £26,400. This indicates that, before applying any relevant reliefs, an average nursery in England would pay around £13,175 in business rates for 2023-24.</p><p> </p><p>The sector has a total RV of around £320 million and represents nearly half a percent of England’s RV. The Government keeps the tax system under review.</p><p> </p><p>At Autumn Statement 2022, the Government announced a freeze to the business rates multiplier. This third consecutive freeze supports all ratepayers, including Early Years businesses, and means bills are 6% lower than without the freeze.</p> answering member printed Baroness Penn question first answered 14/09/2023 16:21:04 answering member 4726 label Biography information for Baroness Penn
tabling member	620 label Biography information for Lord Browne of Ladyton

1659241

registered interest
date	07/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Childcare: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of (1) the average expenditure on VAT by private, voluntary and independent childcare providers, and (2) the cost to the Treasury of zero-rating those childcare providers.
tabling member printed	Lord Browne of Ladyton
uin	HL9976
answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>VAT has been designed as a broad-based tax on consumption, and the twenty per cent standard rate applies to most goods and services. Exceptions to the standard rate have always been strictly limited by both legal and fiscal considerations.</p><p> </p><p>Ofsted-registered nurseries and childcare providers are exempt from VAT. This means they do not have to charge VAT to their customers, but it also means they cannot recover the VAT they incur on the things they buy.</p><p> </p><p>We do not hold data on irrecoverable VAT expenditure as businesses are not required to report this information to HMRC in their VAT returns.</p><p> </p><p>While we keep all taxes under review there are no plans to make changes to the VAT exemption which nurseries currently enjoy. Representations on changes to the VAT system will be considered through the normal fiscal event process.</p> answering member printed Baroness Penn question first answered 18/09/2023 14:25:54 answering member 4726 label Biography information for Baroness Penn
tabling member	620 label Biography information for Lord Browne of Ladyton

1659268

registered interest
date	07/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Property: Prices
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking, if any, to mitigate any decrease in property prices.
tabling member printed	Lord Taylor of Warwick
uin	HL10003
answer	answer is ministerial correction date of answer 21/09/2023 answer text <p>Recognising that this is a concerning time for mortgage borrowers, the Chancellor worked with mortgage lenders, UK Finance and the Financial Conduct Authority to agree a new Mortgage Charter to support borrowers struggling with mortgage payments. The Charter sets out the standards signatory lenders will adopt when helping their customers, including new flexibilities to help customers manage their mortgage payments over a short period. The Government has also taken measures aimed at helping people to avoid repossession.</p><p> </p><p>House prices are fundamentally driven by the balance of supply and demand in the market for housing.</p> answering member printed Baroness Penn question first answered 21/09/2023 15:28:05 answering member 4726 label Biography information for Baroness Penn
tabling member	1796 label Biography information for Lord Taylor of Warwick