Asked by: Mark Hendrick (Labour (Co-op) - Preston)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the implications for his fiscal policies of the report by Oxfam International entitled Inequality Inc., published on 15 January 2024.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
Distributional analysis published at Spring Budget 2024 shows that the overall level of public spending received and tax paid by households continues to be highly redistributive.
The UK has mechanisms for taxing wealth across many different economic activities, including acquisition, holding, transfer and disposal of assets and income derived from assets. The UK also has a progressive income tax system – the top 5% of taxpayers were projected to pay nearly half of all income tax in 2023-24.
Asked by: Jack Brereton (Conservative - Stoke-on-Trent South)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reintroducing the expensive car supplement for electric vehicles at a higher threshold in the context of their relative price compared to petrol and diesel vehicles.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
As with all taxes, the Government keeps the Expensive Car Supplement under review, and any changes will be announced at a future fiscal event.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when he plans to publish the consultation on proposals to bring remote gambling into a single tax announced in the Autumn Budget 2023.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
The consultation will be published in due course.
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department is taking with local authorities to help tackle the illicit tobacco trade.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
In January 2021 HMRC and National Trading Standards launched Operation CeCe. This joint initiative builds on decades of partnership working with local Trading Standards Officers.
This supports them to undertake enforcement activity including the sharing of information and intelligence to target and seize illegal tobacco, disruption of the illicit tobacco market and prevention of fraud in their area. In its first two years of operation more than 28 million cigarettes and nearly 8 tonnes of illicit hand rolling-tobacco were seized.
In January this year, HMRC published a new Illicit Tobacco Strategy ‘Stubbing out the problem’. The Strategy sets out how HMRC intends to build on the success of Operation CeCe by increasing the level of funding available to Trading Standards so that it can have an even greater impact in tackling the illicit tobacco trade.
Asked by: Jo Stevens (Labour - Cardiff Central)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many minimum wage investigations HMRC concluded in each financial year since 2019 in Wales.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government is determined that everyone who is entitled to the National Minimum Wage (NMW) receives it.
HMRC continues to crack down on employers who ignore the law, ensuring that workers receive the wages they are entitled to.
Data on the number of closed investigations in Wales is published routinely by financial years.
Asked by: James Wild (Conservative - North West Norfolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he plans to consult on proposed changes to the Furnished Holiday Lets tax regime.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
Draft legislation will be published in due course and the Government will consult on it in the usual way.
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.
Asked by: Anne McLaughlin (Scottish National Party - Glasgow North East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many small and medium sized enterprises were unsuccessful in securing research and development tax relief (a) in 2024 to date and (b) between 1 January and 2 May 2019.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC publish R&D statistics annually, the latest publication can be found on Gov.uk at Research and Development Tax Credits Statistics: September 2023.
Previous statistics are archived and can be found at The National Archives website.
Asked by: Margaret Hodge (Labour - Barking)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the HMRC registration is for the trust or company service provider that provides a company registered address for 97 live UK companies at 8 Gertrude Street, Grimsby, United Kingdom DN32 0JN.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC’s register of Trust or Company Service Providers (TCSPs) does not show any TCSPs with any of those registered office addresses; and none of the TCSPs supervised by HMRC lists the addresses as business premises. HMRC supervises only those TCSPs which are not supervised by a professional body supervisor or the Financial Conduct Authority.Asked by: Margaret Hodge (Labour - Barking)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the HMRC registration is for the trust or company service provider that provides a company registered address for 113 live UK companies at 1 Wembley Avenue, Blackpool, United Kingdom FY3 7DU.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC’s register of Trust or Company Service Providers (TCSPs) does not show any TCSPs with any of those registered office addresses; and none of the TCSPs supervised by HMRC lists the addresses as business premises. HMRC supervises only those TCSPs which are not supervised by a professional body supervisor or the Financial Conduct Authority.Asked by: Margaret Hodge (Labour - Barking)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the HMRC registration is for the trust or company service provider that provides a company registered address for 113 live UK companies at 1 Wembley Avenue, Blackpool, United Kingdom FY3 7DU.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC’s register of Trust or Company Service Providers (TCSPs) does not show any TCSPs with any of those registered office addresses; and none of the TCSPs supervised by HMRC lists the addresses as business premises. HMRC supervises only those TCSPs which are not supervised by a professional body supervisor or the Financial Conduct Authority.