On 29 July 2024, the Chancellor published the results of the spending audit carried out by the Treasury in a document titled \u2018Fixing the Foundations \u2013 Public spending audit 2024-25\u2019.<\/p>
<\/p>
The Chancellor has commissioned the Office for Budget Responsibility (OBR) to prepare a full economic and fiscal forecast to be presented alongside a Budget on 30 October.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4518", "label" : {"_value" : "Biography information for Tulip Siddiq"} } , "answeringMemberConstituency" : {"_value" : "Hampstead and Highgate"} , "answeringMemberPrinted" : {"_value" : "Tulip Siddiq"} , "dateOfAnswer" : {"_value" : "2024-09-05", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-09-05T14:09:13.937Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-08-30", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Public Finance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, with reference to the statement issued by the Prime Minister's office of 27 July 2024, if she will publish the evidential basis behind the assessment of the state of the UK's economy and public services.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"} } , "tablingMemberConstituency" : {"_value" : "North West Norfolk"} , "tablingMemberPrinted" : [{"_value" : "James Wild"} ], "uin" : "3129"} , {"_about" : "http://data.parliament.uk/resources/1716993", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1716993/answer", "answerText" : {"_value" : "
The government has not published a comprehensive list of all advisers at this time, however, the publicly available list of relevant procurement contracts can be found at the government\u2019s Contract Finder website.<\/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" : "2024-05-17", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-05-17T12:28:11.987Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-05-09", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "NatWest: Shares"} , "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 8 May 2024 to Question 24152 on Natwest: Shares, if he will list each adviser by (a) the purpose for which they were appointed and (b) the value of the contract awarded.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"} } , "tablingMemberConstituency" : {"_value" : "North West Norfolk"} , "tablingMemberPrinted" : [{"_value" : "James Wild"} ], "uin" : "25592"} , {"_about" : "http://data.parliament.uk/resources/1714656", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1714656/answer", "answerText" : {"_value" : "
The government has appointed a number of advisers to support the government\u2019s assessment of options for a retail offer, including firms specialising in market research, financial services, legal advice and marketing.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"} } , "answeringMemberConstituency" : {"_value" : "Hitchin and Harpenden"} , "answeringMemberPrinted" : {"_value" : "Bim Afolami"} , "dateOfAnswer" : {"_value" : "2024-05-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-05-08T15:02:46.51Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2024-04-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "NatWest: Shares"} , "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 15 December 2023 to Question 5600 on Natwest: Shares, whether his Department has appointed advisers to review the potential merits of a NatWest retail share offer.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"} } , "tablingMemberConstituency" : {"_value" : "North West Norfolk"} , "tablingMemberPrinted" : [{"_value" : "James Wild"} ], "uin" : "24152"} , {"_about" : "http://data.parliament.uk/resources/1714657", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1714657/answer", "answerText" : {"_value" : "
At Spring Budget 2024, the Chancellor set out that, as part of the plan to return NatWest to private ownership, the government intends to deliver a retail offering, subject to supportive market conditions and achieving value for money for taxpayers.<\/em> The government is currently exploring the most suitable terms, structure, and timing for a potential sale.<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"}
}
, "answeringMemberConstituency" : {"_value" : "Hitchin and Harpenden"}
, "answeringMemberPrinted" : {"_value" : "Bim Afolami"}
, "dateOfAnswer" : {"_value" : "2024-05-08", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-05-08T14:57:45.347Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-04-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "NatWest: Shares"}
, "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 he will make an assessment of the potential merits of including an employee share element as part of the sale of the Government's remaining shares in NatWest.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"}
}
, "tablingMemberConstituency" : {"_value" : "North West Norfolk"}
, "tablingMemberPrinted" : [{"_value" : "James Wild"}
], "uin" : "24153"}
, {"_about" : "http://data.parliament.uk/resources/1714658", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1714658/answer", "answerText" : {"_value" : " Draft legislation will be published in due course and the Government will consult on it in the usual way.<\/p> <\/p> The Government keeps all aspects of tax policy under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.<\/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" : "2024-05-08", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-05-08T08:15:58.523Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-04-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Holiday Accommodation: 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 he plans to consult on proposed changes to the Furnished Holiday Lets tax regime.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"}
}
, "tablingMemberConstituency" : {"_value" : "North West Norfolk"}
, "tablingMemberPrinted" : [{"_value" : "James Wild"}
], "uin" : "24154"}
, {"_about" : "http://data.parliament.uk/resources/1701550", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1701550/answer", "answerText" : {"_value" : " The Government has announced that it will abolish the Furnished Holiday Lettings (FHL) tax regime from April 2025.<\/p> <\/p> The Government will publish draft legislation, explanatory notes, and a tax information and impacts note in due course.<\/p> <\/p> As with all aspects of tax policy, the Government keeps the taxation of property landlords under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.<\/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" : "2024-04-24", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-04-24T14:22:05.697Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-04-16", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Holiday Accommodation: 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, with reference to paragraph 5.67, page 75 of the Spring Budget 2024, what assessment he has made of the potential impact of the abolition of the Furnished Holiday Lettings tax regime on the number of businesses that will (a) continue as short-term holiday lets, (b) become longer term rental properties and (c) sell the property in question.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"}
}
, "tablingMemberConstituency" : {"_value" : "North West Norfolk"}
, "tablingMemberPrinted" : [{"_value" : "James Wild"}
], "uin" : "22169"}
, {"_about" : "http://data.parliament.uk/resources/1675921", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1675921/answer", "answerText" : {"_value" : " At Autumn Statement 2023, the Chancellor set out that, as part of the plan to return NatWest to the private sector, the government will explore options to launch a share sale to retail investors in the next 12 months, subject to supportive market conditions and achieving value for money.<\/em> Commercial advisers will be required to support the government\u2019s assessment of options for a retail offer and any decisions regarding the merits of an offer will be taken by ministers in due course.<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"}
}
, "answeringMemberConstituency" : {"_value" : "Hitchin and Harpenden"}
, "answeringMemberPrinted" : {"_value" : "Bim Afolami"}
, "dateOfAnswer" : {"_value" : "2023-12-15", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-12-15T08:21:23.937Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-12-06", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Natwest: Shares"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, with reference to the Autumn Statement 2023, whether his Department has appointed advisers to review the potential merits of a NatWest retail share offer.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"}
}
, "tablingMemberConstituency" : {"_value" : "North West Norfolk"}
, "tablingMemberPrinted" : [{"_value" : "James Wild"}
], "uin" : "5600"}
, {"_about" : "http://data.parliament.uk/resources/1639968", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1639968/answer", "answerText" : {"_value" : " The Government recognises that accounting for VAT can be a burden on small businesses. This is why, at £85,000, the UK has a higher VAT registration threshold than any EU Member State and the second highest in the OECD. This keeps the majority of UK businesses out of VAT altogether. Nearly half of businesses that are VAT registered are voluntarily registered under the threshold.<\/p> Views on the threshold are divided and the case for change has been regularly reviewed over the years. While some businesses have argued that a higher threshold would reduce administrative and financial burdens, others contend that a lower threshold would provide a fairer competitive environment.<\/p> Following the Office of Tax Simplification report published on 7 November 2017, the Government published a call for evidence on 13 March 2018 inviting views on the effect of the current threshold and what policy options could better incentivise growth. A summary of responses was published at Budget 2018. The responses did not provide a clear option for reform.<\/p> <\/p> While the Government continues to keep all taxes under review, it was announced at Autumn Budget 2022 that the VAT threshold will be maintained at its current level of £85,000 until 31 March 2026.<\/p> <\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"}
}
, "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"}
, "answeringMemberPrinted" : {"_value" : "Victoria Atkins"}
, "dateOfAnswer" : {"_value" : "2023-06-05", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-06-05T13:41:16.47Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-05-24", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "VAT: Registration"}
, "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 he will make an assessment of the potential impact of the VAT registration threshold on incentives for small businesses to increase their turnover above that threshold.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"}
}
, "tablingMemberConstituency" : {"_value" : "North West Norfolk"}
, "tablingMemberPrinted" : [{"_value" : "James Wild"}
], "uin" : "186707"}
, {"_about" : "http://data.parliament.uk/resources/1639822", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1639822/answer", "answerText" : {"_value" : " The UK has a higher VAT registration threshold than any EU member state and the second highest in the OECD at £85,000. This keeps the majority of businesses out of VAT altogether. Any business with turnover of £85,000 or less does not have to register for VAT.<\/p> <\/p> <\/p> At Autumn Statement 2022 the Government announced that the VAT Registration Threshold would be frozen for two further years until March 2026. The Exchequer impact of this measure is shown in Table 4.2, Spring Budget 2023: Spring Budget 2023 - GOV.UK (www.gov.uk)<\/em><\/a>. This costing has been certified by the Office for Budget Responsibility.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4399", "label" : {"_value" : "Biography information for Victoria Atkins"}
}
, "answeringMemberConstituency" : {"_value" : "Louth and Horncastle"}
, "answeringMemberPrinted" : {"_value" : "Victoria Atkins"}
, "dateOfAnswer" : {"_value" : "2023-06-01", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-06-01T08:16:09.663Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-05-23", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "VAT: Tax Yields"}
, "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 he will make an estimate of the potential impact of increasing the VAT registration threshold by the retail price index in each year to March 2026 on annual VAT revenues.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4787", "label" : {"_value" : "Biography information for James Wild"}
}
, "tablingMemberConstituency" : {"_value" : "North West Norfolk"}
, "tablingMemberPrinted" : [{"_value" : "James Wild"}
], "uin" : "186515"}
, {"_about" : "http://data.parliament.uk/resources/1639824", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1639824/answer", "answerText" : {"_value" : "