Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the transparency of public spending on Arm’s Length Bodies.

Answered by Darren Jones - Chief Secretary to the Treasury

The government recognises the importance of transparency across public spending, including Arm’s-length bodies (ALBs). Information on ALB expenditure is published within each body’s annual report.

The process for budget setting and for preparing and approving annual reports for ALBs are dependent on their classification status and their source of income.

Further information on the reporting requirements for ALBs can be found here: https://assets.publishing.service.gov.uk/media/6763fa1f3229e84d9bbde88d/MASTER_FINAL_DRAFT_2025-26_FReM_DECEMBER_2024_RELEASE.pdf

Further information on how each type of ALB should produce accounts can be found here: https://assets.publishing.service.gov.uk/media/5a74d700e5274a59fa715592/Classification-of-Public_Bodies-Guidance-for-Departments.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the cost-effectiveness of her Department's Arm's Length Bodies.

Answered by Darren Jones - Chief Secretary to the Treasury

The Chancellor recently launched Phase 2 of HM Treasury’s departmental Spending Review covering 2026/27 to 2028/29. The conditions of the Review require a zero-based, line-by-line review of all departmental spending to assess whether it is a priority for this government and represents value for money for the taxpayer. This approach extends to the department’s Arm’s Length Bodies (ALBs). The Spending Review will conclude on 11 June 2025.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to ensure that Arm's Length Bodies are value for money.

Answered by Darren Jones - Chief Secretary to the Treasury

The Chancellor has launched Phase 2 of the Spending Review, covering 2026/27 to 2028/29. This will zero-base all spending, including Arm’s-Length Bodies, conducting a full line-by-line review of all public spending to assess whether it is a priority for this government and represents value for money for the taxpayer. The Spending Review will conclude on 11 June 2025.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will take steps to ensure that funds potentially owed by Roman Abramovich to HMRC are (a) investigated and (b) reclaimed.

Answered by James Murray - Exchequer Secretary (HM Treasury)

I cannot comment on specific taxpayers or provide comment on individuals or businesses.

However, at the Budget, the Government announced the most ambitious ever package to close the tax gap, to raise £6.5 billion in additional tax revenue per year by 2029-30.

This includes recruiting 5,000 additional compliance staff to make sure people pay the tax that is due, including against serious offshore non-compliance and fraud by the wealthy. Offshore evasion is an international issue that calls for international solutions

The UK is leading international efforts to improve global transparency and we are committed to ensuring everyone pays the right tax under the law, regardless of wealth or status.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has plans to change the access to (a) Junior ISAs and (b) Child Trust Funds for parents of SEND young adults.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

Access to Junior ISAs (JISA) and Child Trust Funds (CTF) for parents of young adults with special educational needs and disabilities is already possible in certain circumstances.

Where a young adult lacks mental capacity, including due to a disability, the law requires parents or a guardian to have legal authority to make decisions on their behalf about financial assets or property. This includes in relation to accessing funds held in a CTF or a JISA

The Ministry of Justice has published a toolkit on gov.uk explaining the process for parents and guardians of disabled children to obtain legal authority if no other arrangements are in place. The Ministry of Justice has worked with The Investment and Savings Alliance (TISA) to promote the toolkit with parents and carers, and is working with the Department for Work and Pensions on ways to inform parents and carers about the relevant legal processes as their young person approaches the age of 18.

The Government continues to keep all aspects of savings policy under review.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what percentage of holders of Skilled Worker visas are net contributors to the Exchequer.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Migration Advisory Committee advises government on migration issues. In their 2024 annual report, they estimated the average skilled worker migrant has a positive net fiscal impact of £16,300.

Their analysis does not provide a distributional breakdown within Skilled Worker visa holders.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make it her policy to ensure Inheritance Tax is not charged on death in service payments paid to relatives of armed forces personnel.

Answered by James Murray - Exchequer Secretary (HM Treasury)

Members of the armed forces deserve our gratitude for their service and a pension that ensures dignity in retirement.

The Government will bring most unused pension funds and death benefits payable from a pension into a person’s estate for inheritance tax purposes from 6 April 2027. Inheritance tax is already applied to death in service benefits for some pension schemes.

Estates of service personnel will benefit from the normal nil-rate bands, reliefs, and exemptions available. For example, the nil-rate bands mean an estate can pass on up to £1 million with no inheritance tax liability and the general rules mean any transfers, including the payment of death benefits, to a spouse or civil partner are exempt fully from inheritance tax. There is also a full exemption from inheritance tax when a member of the armed forces dies from a wound inflicted, accident occurring, or disease contracted on active service.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much revenue HMRC estimates has been lost due to tax evasion facilitated through overseas territories in the last five years.

Answered by James Murray - Exchequer Secretary (HM Treasury)

HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics are published annually and are available at: Measuring tax gaps 2024 edition: tax gap estimates for 2022 to 2023 - GOV.UK (www.gov.uk).

Table 7.1 of the online tables shows the illustrative tax gap time series by behaviour, including evasion. The tax gap for evasion was £5.5 billion in tax year 2022 to 2023. The online tables are available at: Measuring tax gaps tables - GOV.UK (www.gov.uk).

HMRC does not separately estimate the tax gap due to tax evasion facilitated through overseas territories.

HMRC uses a wide range of civil powers to tackle evasion whilst it carries out criminal investigations for the most serious cases where it is appropriate to do so.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department plans to take to support family owned small and medium sized enterprises with changes in the level of (a) the National Living Wage and (b) Business Property Relief.

Answered by James Murray - Exchequer Secretary (HM Treasury)

At Autumn Budget, the Government took a number of difficult but necessary decisions on tax, welfare, and spending to restore economic stability, fix the public finances, and support public services. These were tough decisions given the situation we inherited from the previous administration, but the Government has done so in a way that makes the tax system fairer and more sustainable.

Specifically to support small and medium businesses, including family businesses, the Budget announced generous tax reforms including more than doubling the employment allowance to £10,500, maintaining the Small Profits Rate and marginal relief at their current rates and thresholds, maintaining the Annual Investment Allowance, and freezing the small businesses multiplier for 2025-26.

The government has protected smaller family businesses from BPR changes, providing a very significant level of relief with the first £1 million of business assets continuing to receive 100% relief and then 50% thereafter.

Each year, the independent Low Pay Commission produces recommendations to the Government on the National Living Wage rates. At Autumn Budget, the Government accepted the LPC’s recommendations on the rates in full, meaning that NLW rate will rise to £12.21 per hour from April 2025.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions her Department has had with Barclays Bank on technical issues impacting (a) payments and (b) transactions for customers in (i) Newcastle-under-Lyme and (ii) Staffordshire since 31 January 2025.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Government was sorry to hear of the issues impacting Barclays customers over the weekend including those in my Hon. Friend’s constituency but understands that Barclays’ services are restored, and the firm has committed to ensure customers are not left out of pocket as a result of the issues.

Engagement with specific firms is a matter for the sector’s regulators, including the Bank of England, Prudential Regulation Authority and Financial Conduct Authority, who will continue to monitor the firm and the impact of the issues.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an estimate of the number of people impacted by the Barclays IT outage in (a) Newcastle-under-Lyme constituency and (b) Staffordshire.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Government was sorry to hear of the issues impacting Barclays customers over the weekend including those in my Hon. Friend’s constituency but understands that Barclays’ services are restored, and the firm has committed to ensure customers are not left out of pocket as a result of the issues.

Engagement with specific firms is a matter for the sector’s regulators, including the Bank of England, Prudential Regulation Authority and Financial Conduct Authority, who will continue to monitor the firm and the impact of the issues.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department took to help tackle (a) illicit finance and (b) economic crime between 4 July 2024 and 14 January 2025.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Government is committed to tackling illicit finance and economic crime. We have appointed an Anti-Corruption Champion Baroness Hodge to support the government's agenda in tackling corruption at home and overseas.

HM Treasury has been working with partners across the public and private sector to update our National Risk Assessment for money laundering and terrorist financing; and to deliver Economic Crime Plan 2, our public-private strategy to combat economic crime and strengthen the UK system. This includes work on HM Treasury owned actions to reform our Anti-Money Laundering/Counter Terrorist Financing supervisory regime, and to improve the effectiveness of the Money Laundering Regulations.

HM Treasury has also continued its work to tackle international illicit finance flows and strengthen the global system, representing the UK at the Financial Action Task Force; and conducting regular engagement with governments around the world on how to improve their anti-money laundering systems.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of changes in tax liabilities and reliefs on small-scale furnished holiday let operators transitioning to long-term residential letting; and what the difference in tax relief will be between (a) the current Furnished Holiday Lettings tax regime and (b) the standard residential letting arrangements from April 2025.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Government will abolish the Furnished Holiday Lettings (FHL) tax regime from April 2025. The FHL tax regime has created a distortion that favours short-term holiday lets over longer-term rentals. Abolishing it will equalise the tax treatment of FHL and non-FHL landlords’ income and gains, making the tax system fairer.

Tax reliefs will still be available to individuals providing furnished holiday letting services, including mortgage interest relief at 20 per cent and relief for the replacement of domestic items. These reliefs will be at the same level as those available to landlords who provide long-term residential lets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the policy paper entitled Abolition of the furnished holiday lettings tax regime, updated on 7 November 2024, on what evidential basis her Department determined that the furnished holiday let tax regime created market distortions in relation to (a) property investment patterns and (b) tax advantages.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Government will abolish the Furnished Holiday Lettings (FHL) tax regime from April 2025.

The FHL tax regime has created a distortion that favours short-term holiday lets over longer-term rentals, by providing a tax incentive to invest in and provide the former over the latter.

Abolishing the regime will remove this incentive by equalising the tax treatment of FHL and non-FHL landlords’ income and gains.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the potential impact of the misclassification of waste into the wrong landfill tax band by the operators of licensed sites on the level of unpaid landfill tax.

Answered by James Murray - Exchequer Secretary (HM Treasury)

HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. These statistics are published annually and are available at: Measuring tax gaps 2024 edition: tax gap estimates for 2022 to 2023 - GOV.UK (www.gov.uk). The latest estimate for England and Northern Ireland of the Landfill Tax gap is 14.5% of the theoretical Landfill Tax liabilities, or £100 million, in the 2022 to 2023 tax year.

The illustrative estimates of the monetary components of the 2022-23 Landfill Tax gap are £75 million at unauthorised sites and £90 million of misclassified plus £35 million underdeclared waste at authorised sites less £100 million compliance yield (tax gap estimates are calculated net of compliance yield).

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the potential impact of taxable waste being disposed of at unlicensed sites on the level of unpaid landfill tax.

Answered by James Murray - Exchequer Secretary (HM Treasury)

HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. These statistics are published annually and are available at: Measuring tax gaps 2024 edition: tax gap estimates for 2022 to 2023 - GOV.UK (www.gov.uk). The latest estimate for England and Northern Ireland of the Landfill Tax gap is 14.5% of the theoretical Landfill Tax liabilities, or £100 million, in the 2022 to 2023 tax year.

The illustrative estimates of the monetary components of the 2022-23 Landfill Tax gap are £75 million at unauthorised sites and £90 million of misclassified plus £35 million underdeclared waste at authorised sites less £100 million compliance yield (tax gap estimates are calculated net of compliance yield).

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the National Infrastructure and Service Transformation Authority will retain independent commissioners.

Answered by Darren Jones - Chief Secretary to the Treasury

The National Infrastructure and Service Transformation Authority (NISTA) will combine the functions of the National Infrastructure Commission and Infrastructure and Projects Authority. NISTA will bring oversight of strategy and delivery into one organisation, driving more effective delivery of infrastructure across the country.

On 17 January 2025, the Prime Minister announced in a Written Ministerial Statement that NISTA will be a joint unit of HM Treasury and Cabinet Office, effective from 1 April 2025. Further detail on the work and governance of NISTA will be announced in due course.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the equitability of film tax relief schemes.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The government is committed to supporting the creative industries, and film and TV companies benefit from a number of generous and equitable tax reliefs, ranging from a rate of 34% for the standard Audio Visual Expenditure Credit to 53% for the Independent Film Tax Credit.

The credits are available to all companies that meet the eligibility criteria, which are outlined in the BFI’s Creative Sector Expenditure Credits and Tax Relief guidance. The criteria ensure that the credits meet their objectives of incentivising investment in culturally British film and TV productions and support the domestic industry. As with all taxes, the government keeps the film and TV reliefs under review.

The government also provides significant funding for the film and TV sector and has included the creative industries in its Industrial Strategy. A £60 million package of support for the creative industries announced in January included including £7 million for the Global Screen Fund and funding to 6 Mayoral Authorities to help develop creative clusters. The British Film Institute (BFI) administers the Global Screen Fund on behalf of government and follows the BFI Diversity Standards for all BFI funding.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the increase in employer National Insurance contributions on transport companies who provide services for children with Special Educational Needs and Disabilities.

Answered by James Murray - Exchequer Secretary (HM Treasury)

In order to repair the public finances and help raise the revenue required to increase funding for public services, the Government has taken the difficult decision to increase employer National Insurance contributions (NICs).

The Government published a Tax Information and Impact Note on 13 November which sets out the impact of the employer NICs changes on employers.

At Autumn Budget 2024 and the recent provisional Local Government Finance Settlement, the Government announced £2 billion of new grant funding for local government in 2025-26. This includes £515m to support councils with the increase in employer National Insurance Contributions.

The £515m of additional funding made available to compensate local government for the impact of changes to employer NICs has been determined based on a national assessment of the costs for directly employed staff across the public sector. However, this funding is unringfenced and it is for LAs to determine how to use this funding across relevant services and responsibilities.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what purposes the Valuation Office Agency has used artificial intelligence in the last 12 months.

Answered by James Murray - Exchequer Secretary (HM Treasury)

Artificial Intelligence (AI) is at the heart of the Government’s plan to kickstart an era of economic growth, transform how we deliver public services, and boost living standards for working people across the country.

The VOA is conducting initial discovery work to identify where Generative AI tools might improve productivity and quality, including through trialling Microsoft’s Copilot tools.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assumptions on the timing of intergenerational farm transfers were used in forecasts of farms affected by changes to (a) Agricultural Property Relief and (b) Business Property Relief.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Chancellor wrote to the Chair of the Treasury Select Committee about the reforms to agricultural and business property reliefs announced at the 2024 Autumn Budget: https://committees.parliament.uk/publications/45691/documents/226235/default/.

The UK Government’s analysis is based on the number of estates expected to pay more inheritance tax rather than the number of farms or businesses affected. This is because inheritance tax is a wealth transfer tax on the estate (the property, money, and possessions) of someone who has died.

The number of claims for these reliefs, meaning how many estates would be impacted by this change, is affected by many things such as: who owns the business; the nature of that ownership; how many owners there are; the level of debt; and how they plan their affairs. The UK Government remains firmly of the view that claims data is the correct way to understand an inheritance tax liability.

The reforms are expected to result in up to around 520 estates claiming agricultural property relief, including those that also claim business property relief, paying more inheritance tax in 2026-27. Almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, would not pay more tax in 2026-27.

Around 1,500 estates claiming only business property relief are expected to be affected in 2026-27, with around 1,000 of these holding shares designated as “not listed” on the markets of recognised stock exchanges, such as the Alternative Investment Market. The remaining 500 estates will include business assets from sectors across the economy that are eligible for business property relief.

These reforms mean that around three-quarters of estates claiming business property relief in 2026-27 (excluding those only relating to holding shares designated as “not listed” on the markets of recognised stock exchanges) will not pay more inheritance tax in 2026-27.

The costing for this tax change was certified as ‘reasonable and central’ by the Office for Budget Responsibility (OBR) at Autumn Budget 2024. The OBR has published more detail about the assumptions underpinning the costing here: https://obr.uk/download/october-2024-economic-and-fiscal-outlook-costing-of-changes-to-agricultural-and-business-property-relief/?tmstv=1738846567.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assumptions on marital status were used in forecasts of farms impacted by changes to (a) Agricultural Property Relief and (b) Business Property Relief.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Chancellor wrote to the Chair of the Treasury Select Committee about the reforms to agricultural and business property reliefs announced at the 2024 Autumn Budget: https://committees.parliament.uk/publications/45691/documents/226235/default/.

The UK Government’s analysis is based on the number of estates expected to pay more inheritance tax rather than the number of farms or businesses affected. This is because inheritance tax is a wealth transfer tax on the estate (the property, money, and possessions) of someone who has died.

The number of claims for these reliefs, meaning how many estates would be impacted by this change, is affected by many things such as: who owns the business; the nature of that ownership; how many owners there are; the level of debt; and how they plan their affairs. The UK Government remains firmly of the view that claims data is the correct way to understand an inheritance tax liability.

The reforms are expected to result in up to around 520 estates claiming agricultural property relief, including those that also claim business property relief, paying more inheritance tax in 2026-27. Almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, would not pay more tax in 2026-27.

Around 1,500 estates claiming only business property relief are expected to be affected in 2026-27, with around 1,000 of these holding shares designated as “not listed” on the markets of recognised stock exchanges, such as the Alternative Investment Market. The remaining 500 estates will include business assets from sectors across the economy that are eligible for business property relief.

These reforms mean that around three-quarters of estates claiming business property relief in 2026-27 (excluding those only relating to holding shares designated as “not listed” on the markets of recognised stock exchanges) will not pay more inheritance tax in 2026-27.

The costing for this tax change was certified as ‘reasonable and central’ by the Office for Budget Responsibility (OBR) at Autumn Budget 2024. The OBR has published more detail about the assumptions underpinning the costing here: https://obr.uk/download/october-2024-economic-and-fiscal-outlook-costing-of-changes-to-agricultural-and-business-property-relief/?tmstv=1738846567.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many farms impacted by changes to (a) Agricultural Property Relief and (b) Business Property Relief she expects to have previously claimed solely for Business Property Relief.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Chancellor wrote to the Chair of the Treasury Select Committee about the reforms to agricultural and business property reliefs announced at the 2024 Autumn Budget: https://committees.parliament.uk/publications/45691/documents/226235/default/.

The UK Government’s analysis is based on the number of estates expected to pay more inheritance tax rather than the number of farms or businesses affected. This is because inheritance tax is a wealth transfer tax on the estate (the property, money, and possessions) of someone who has died.

The number of claims for these reliefs, meaning how many estates would be impacted by this change, is affected by many things such as: who owns the business; the nature of that ownership; how many owners there are; the level of debt; and how they plan their affairs. The UK Government remains firmly of the view that claims data is the correct way to understand an inheritance tax liability.

The reforms are expected to result in up to around 520 estates claiming agricultural property relief, including those that also claim business property relief, paying more inheritance tax in 2026-27. Almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, would not pay more tax in 2026-27.

Around 1,500 estates claiming only business property relief are expected to be affected in 2026-27, with around 1,000 of these holding shares designated as “not listed” on the markets of recognised stock exchanges, such as the Alternative Investment Market. The remaining 500 estates will include business assets from sectors across the economy that are eligible for business property relief.

These reforms mean that around three-quarters of estates claiming business property relief in 2026-27 (excluding those only relating to holding shares designated as “not listed” on the markets of recognised stock exchanges) will not pay more inheritance tax in 2026-27.

The costing for this tax change was certified as ‘reasonable and central’ by the Office for Budget Responsibility (OBR) at Autumn Budget 2024. The OBR has published more detail about the assumptions underpinning the costing here: https://obr.uk/download/october-2024-economic-and-fiscal-outlook-costing-of-changes-to-agricultural-and-business-property-relief/?tmstv=1738846567.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of changes made to the level of employer National Insurance contributions at the Autumn Budget 2024 on hospitality businesses in Bromsgrove.

Answered by James Murray - Exchequer Secretary (HM Treasury)

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to employer NICs. The TIIN sets out the impact of the policy on the exchequer, the economic impacts of the policy; and the impacts on individuals, businesses, and civil society organisations as well as an overview of the equality impacts.

Estimates of the impact on businesses in Bromsgrove from changes to Employer NICs announced at Autumn Budget 2024 are not available.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether woodlands qualify for inheritance tax relief.

Answered by James Murray - Exchequer Secretary (HM Treasury)

Woodlands can qualify for relief from inheritance tax. That relief may be Agricultural Property Relief (APR) if the woodlands were occupied and used with agricultural land, such as a shelter belt. Alternatively, Business Property Relief (BPR) may be available where the woodlands were actively used for commercial purposes, subject to certain conditions. Furthermore, Woodlands Relief may apply where the woodlands don’t qualify for APR and BPR. This relief defers the charge to inheritance tax on the value of trees (not the value of the land) transferred on death to the point at which the trees are disposed of.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many and what proportion of items of correspondence from Parliamentarians received by (a) her Department, (b) her and (c) her Ministers in each month since August 2024 have not yet received a substantive response.

Answered by James Murray - Exchequer Secretary (HM Treasury)

In line with Cabinet Office guidance, HM Treasury aims to respond to ministerial correspondence from parliamentarians within 20 working days. Correspondence performance data is published within HM Treasury’s Annual Report and Accounts. The 2023-24 Report noted that 62% of replies to parliamentarians were answered within the timeframe.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether land farmed under the Environmental Land Management Scheme will be exempt from new inheritance tax rules for farms.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The environmental value of land farmed or managed under the Environmental Land Management Scheme (ELMS) will be eligible for Agricultural Property Relief (APR) of up to 100% from 6^th April 2025. From 6^th April 2026, the 100% rate of relief will continue for the first £1 million of combined agricultural and business property, and it will be 50% thereafter. This will include land in ELMS.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she made an assessment of the potential merits of including within the terms of reference for the Independent Review of the Loan Charge consideration of the (a) mis-selling by scheme promoters, (b) advice on legality given by accountants, (c) impact of retrospective pursuit on mental health and welfare and (d) measures for protection against recurrence in future; and if she will take steps to revise the terms of reference to include those matters.

Answered by James Murray - Exchequer Secretary (HM Treasury)

On 23 January, the Government launched the Independent Review of the Loan Charge, honouring a commitment made at the Budget.

The objectives of the review are to help bring the matter to a close for those affected; ensure fairness for all taxpayers; and ensure that appropriate support is in place for those subject to the Loan Charge. The terms of reference for the review have been published here: www.gov.uk/government/publications/independent-review-of-the-loan-charge.

As I set out in my letter to the reviewer, we want the review to bring the Loan Charge to a close for those people who still owe substantial amounts of money but can see no way to resolve their debts. It is now for the reviewer to conduct his review and make recommendations to the Government.

The Government is also taking action to prevent disguised remuneration in the future. At the Budget, the Government announced the most ambitious ever package to close the tax gap, raising £6.5 billion of additional tax revenue in 2029-30. The package includes measures to tackle promoters of tax avoidance schemes and to address non-compliance in umbrella companies, where most disguised remuneration now takes place.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 November to Question 11947 on Armed Forces: Private Education, whether the decision to not offer any exemptions from the VAT policy for service families included an assessment of the exemption of US personnel whose children attend British independent schools.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Government greatly values the contribution of our serving military personnel. The Ministry of Defence has increased the funding allocated to the Continuity of Education Allowance (CEA) to account for the impact of any private school fee increases on the proportion of fees covered by the CEA in line with how the allowance normally operates. The changes mean that UK military families with a child at a mainstream boarding school can now claim over £30,000 per year.

US personnel do not receive funding from the UK Government for their school places. They can only claim back the VAT element of fees, under a scheme that entitles UK military personnel to reciprocal reliefs when visiting other NATO countries. The NATO Status of Forces Agreement (SOFA) means that visiting NATO personnel have access to Visiting Forces Relief (VFR), for example the VAT free purchase scheme which provides relief on goods and services to US personnel in the UK.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what criteria on (a) total acreage, (b) agricultural land usage, (c) livestock numbers and (d) Rural Payments Agency claim data were used to define an agricultural holding for impact assessments of changes to (i) Agricultural Property Relief and (ii) Business Property Relief.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Chancellor wrote to the Chair of the Treasury Select Committee about the reforms to agricultural and business property reliefs announced at the 2024 Autumn Budget: https://committees.parliament.uk/publications/45691/documents/226235/default/.

The UK Government’s analysis is based on the number of estates expected to pay more inheritance tax rather than the number of farms or businesses affected. This is because inheritance tax is a wealth transfer tax on the estate (the property, money, and possessions) of someone who has died.

The number of claims for these reliefs, meaning how many estates would be impacted by this change, is affected by many things such as: who owns the business; the nature of that ownership; how many owners there are; the level of debt; and how they plan their affairs. The UK Government remains firmly of the view that claims data is the correct way to understand an inheritance tax liability.

The reforms are expected to result in up to around 520 estates claiming agricultural property relief, including those that also claim business property relief, paying more inheritance tax in 2026-27. Almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, would not pay more tax in 2026-27.

Around 1,500 estates claiming only business property relief are expected to be affected in 2026-27, with around 1,000 of these holding shares designated as “not listed” on the markets of recognised stock exchanges, such as the Alternative Investment Market. The remaining 500 estates will include business assets from sectors across the economy that are eligible for business property relief.

These reforms mean that around three-quarters of estates claiming business property relief in 2026-27 (excluding those only relating to holding shares designated as “not listed” on the markets of recognised stock exchanges) will not pay more inheritance tax in 2026-27.

The costing for this tax change was certified as ‘reasonable and central’ by the Office for Budget Responsibility (OBR) at Autumn Budget 2024. The OBR has published more detail about the assumptions underpinning the costing here: https://obr.uk/download/october-2024-economic-and-fiscal-outlook-costing-of-changes-to-agricultural-and-business-property-relief/?tmstv=1738846567.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of (a) changes to (i) Agricultural Property Relief and (ii) Business Property Relief and (b) interest rates on (A) family farm succession planning and (B) food security.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Chancellor wrote to the Chair of the Treasury Select Committee about the reforms to agricultural and business property reliefs announced at the 2024 Autumn Budget: https://committees.parliament.uk/publications/45691/documents/226235/default/.

The UK Government’s analysis is based on the number of estates expected to pay more inheritance tax rather than the number of farms or businesses affected. This is because inheritance tax is a wealth transfer tax on the estate (the property, money, and possessions) of someone who has died.

The number of claims for these reliefs, meaning how many estates would be impacted by this change, is affected by many things such as: who owns the business; the nature of that ownership; how many owners there are; the level of debt; and how they plan their affairs. The UK Government remains firmly of the view that claims data is the correct way to understand an inheritance tax liability.

The reforms are expected to result in up to around 520 estates claiming agricultural property relief, including those that also claim business property relief, paying more inheritance tax in 2026-27. Almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, would not pay more tax in 2026-27.

Around 1,500 estates claiming only business property relief are expected to be affected in 2026-27, with around 1,000 of these holding shares designated as “not listed” on the markets of recognised stock exchanges, such as the Alternative Investment Market. The remaining 500 estates will include business assets from sectors across the economy that are eligible for business property relief.

These reforms mean that around three-quarters of estates claiming business property relief in 2026-27 (excluding those only relating to holding shares designated as “not listed” on the markets of recognised stock exchanges) will not pay more inheritance tax in 2026-27.

The costing for this tax change was certified as ‘reasonable and central’ by the Office for Budget Responsibility (OBR) at Autumn Budget 2024. The OBR has published more detail about the assumptions underpinning the costing here: https://obr.uk/download/october-2024-economic-and-fiscal-outlook-costing-of-changes-to-agricultural-and-business-property-relief/?tmstv=1738846567.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of changes to (a) Agricultural Property Relief and (b) Business Property Relief on (i) food security, (ii) agricultural investment and (iii) the viability of family-run farms.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Chancellor wrote to the Chair of the Treasury Select Committee about the reforms to agricultural and business property reliefs announced at the 2024 Autumn Budget: https://committees.parliament.uk/publications/45691/documents/226235/default/.

The UK Government’s analysis is based on the number of estates expected to pay more inheritance tax rather than the number of farms or businesses affected. This is because inheritance tax is a wealth transfer tax on the estate (the property, money, and possessions) of someone who has died.

The number of claims for these reliefs, meaning how many estates would be impacted by this change, is affected by many things such as: who owns the business; the nature of that ownership; how many owners there are; the level of debt; and how they plan their affairs. The UK Government remains firmly of the view that claims data is the correct way to understand an inheritance tax liability.

The reforms are expected to result in up to around 520 estates claiming agricultural property relief, including those that also claim business property relief, paying more inheritance tax in 2026-27. Almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, would not pay more tax in 2026-27.

Around 1,500 estates claiming only business property relief are expected to be affected in 2026-27, with around 1,000 of these holding shares designated as “not listed” on the markets of recognised stock exchanges, such as the Alternative Investment Market. The remaining 500 estates will include business assets from sectors across the economy that are eligible for business property relief.

These reforms mean that around three-quarters of estates claiming business property relief in 2026-27 (excluding those only relating to holding shares designated as “not listed” on the markets of recognised stock exchanges) will not pay more inheritance tax in 2026-27.

The costing for this tax change was certified as ‘reasonable and central’ by the Office for Budget Responsibility (OBR) at Autumn Budget 2024. The OBR has published more detail about the assumptions underpinning the costing here: https://obr.uk/download/october-2024-economic-and-fiscal-outlook-costing-of-changes-to-agricultural-and-business-property-relief/?tmstv=1738846567.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what is the average wait time for callers to HMRC helplines; what action is being taken to reduce wait times on HMRC helplines; and if she will make it her policy implement a freephone service when wait times are high.

Answered by James Murray - Exchequer Secretary (HM Treasury)

Information regarding the average speed of answer is published as part of HMRC’s monthly performance report:

https://www.gov.uk/government/collections/hmrc-monthly-performance-reports

HMRC know that their service levels have, until recently, been below published standards. They aim to answer calls as quickly as possible but wait times may be longer than usual during busy periods.

HMRC received extra funding last year to recruit more customer service advisers to help improve telephony performance. They met their helpline service standard in Quarter 3.

HMRC do not have plans to introduce a freephone service.

HMRC helplines use 03 numbers (0300 or 0345), which cost the same as landline 01 or 02 numbers, but actual call charges depend on the customer's phone provider. For mobile networks, 03 numbers are typically included in airtime plans, but customers should verify with their specific network provider.

HMRC is a public body and does not profit from customer contacts.

Question to the HM Treasury:

To ask His Majesty's Government whether they still intend to implement the UK Carbon Border Adjustment Mechanism.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

Yes, the government will introduce the UK Carbon Border Adjustment Mechanism (CBAM) on 1 January 2027.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will take steps to change the historic vehicle tax exemption threshold to 30 years.

Answered by James Murray - Exchequer Secretary (HM Treasury)

At Budget 2014 the previous Government announced that it would introduce a rolling 40-year VED exemption for classic cars. This means that currently vehicles constructed before 1 January 1984 are exempt from paying VED.

The law does not specifically define a vehicle as historic or classic for registration purposes, and it is widely recognised that there are many factors other than age which influence whether a car is considered as classic. The previous Government therefore set 40 years as being a fair cut-off date to distinguish classic cars from older cars.

While there are no plans to reduce the tax exemption age for classic cars from 40 years, the Government keeps all taxes under review, and welcomes representations from the public about how the tax system could be improved.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what purposes the Government Internal Audit Agency has used artificial intelligence in the last 12 months.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Government Internal Audit Agency has made advancements with the development of three innovative AI-powered engines: the Writing Engine, Risk Engine, and Insights Engine. These engines have been utilised to draft audit reports, identify and express potential risks, and analyse document collections to perceive themes within the collection. The systems have been crucial in significantly reducing the time spent on planning and researching audit activities and writing reports. The Writing Engine has reduced the time taken to produce a first draft from two days to 20 seconds.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much revenue she expects to raise from changes to Agricultural Property Relief in Northern Ireland; and what assessment she has made of the potential impact of those changes on farming families in Northern Ireland.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The overall changes to both agricultural property relief and business property relief from 6 April 2026 are expected to raise £520 million in 2029-30, based on the latest available data. This is the total UK revenue expected to be raised from estates with relevant assets across all types of businesses.

Up to around 520 estates making claims for agricultural property relief, including those that also claim for business property relief, across the UK are expected to be affected by this policy in 2026-27. This means almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, will not pay any more tax as a result of these changes in 2026-27, based on the latest available data.

The Government is aware of the concerns from the farming industry in Northern Ireland. Information from claims is not recorded to enable regional or national breakdowns of the revenue or number of estates expected to be affected. For more information, please see my recent letter to the Chair of the Northern Ireland Select Committee: https://committees.parliament.uk/publications/46267/documents/232537/default/.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed increase in employer National Insurance contributions on employment rates (a) nationally, (b) in Dorset and (c) in North Dorset constituency in the next 12 months.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Office for Budget Responsibility's October 2024 Economic and Fiscal Outlook (EFO) contains forecasts and assessments of government policy, including the changes to employer National Insurance Contributions.

The OBR expects the 16+ employment rate to remain relatively flat across the forecast, falling by 0.1ppts from 60.0% in 2024 to 59.9% in 2029. Paragraph 3.11 of the EFO provides a detailed analysis of the total impact of the changes to employer National Insurance Contributions on wages, profits and labour supply.

The OBR's forecast does not disaggregate these impacts by region or constituency.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of % December 2024 to Question 16739 on Employment, what proportion of the increase in employment level is due to net immigration.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The independent Office for Budget Responsibility (OBR) is responsible for producing forecasts of the UK economy. The OBR’s latest forecasts, including detail of its forecasts of employment and net migration, are set out in the OBR’s October 2024 Economic and Fiscal Outlook, available on the OBR’s website.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she discussed bank branch closures with the Chief Executive Officer of Lloyds during their meeting on 28 January 2025.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

Ministers and treasury officials regularly meet with the retail banks to discuss a wide variety of topics.

Banking has changed significantly in recent years with many customers benefitting from the ease and convenience of remote banking. FCA guidance expects firms to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs and put in place alternatives where reasonable.

The Government recognises the importance of face-to-face banking to communities and high streets, and is committed to championing sufficient access for all. This is why the Government continues to work with banks, including Lloyds Banking Group, to roll out 350 banking hubs across the UK by the end of this Parliament. Currently over 200 banking hubs have been recommended and over 100 are already open.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the Barnet consequentials for Northern Ireland will be in relation to the Local Government Finance Settlement.

Answered by Darren Jones - Chief Secretary to the Treasury

The Ministry of Housing, Communities and Local Government have announced final allocations for the Local Government Finance Settlement for 2025-26. Part of this funding comes from Departmental Expenditure Limits (DEL) agreed at the Phase 1 of the Spending Review 2025.

The Barnett formula applies to all increases or decreases to UK Government department DEL, including at the Spending Review, as set out in the Statement of Funding Policy.

The Barnett formula does not apply to spending financed by council tax.

The Northern Ireland Executive’s Spending Review settlement for 2025-26 is the largest in real terms of any settlements since devolution. It is for the Northern Ireland Executive to allocate their funding in devolved areas as they see fit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps the Government is taking to (a) investigate and (b) raise awareness of (i) unethical and (ii) potentially corrupt practices within the insurance industry.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, including insurance firms. Insurers must treat customers fairly under the FCA’s rules. The FCA monitors firms to ensure compliance with its rules and has robust powers to take action where necessary.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has plans to increase funding to the IMF.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The UK’s core contribution to the IMF is determined by the UK’s share of the IMF’s quota resources as well as our contributions to the Fund under the New Arrangements to Borrow (NAB) and Bilateral Borrowing Agreements (BBA).

The UK’s total IMF contribution is 46,103.26m SDR (approximately £48.55 billion.) There are no current proposals at the IMF that will require the UK to further increase our funding.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what purposes the UK Debt Management Office has used artificial intelligence in the last 12 months.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The UK Debt Management Office (“DMO”) has not used artificial intelligence (“AI”) functionality in the past 12 months. However, the DMO continues to explore the potential use of AI to support its core objectives, whilst taking account of issues including its security and resilience, as well as its overall suitability to support aspects of the DMO’s critical mission to deliver government financing.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment with the Chancellor of the Exchequer of the potential merits of implementing a tapered clawback mechanism for agricultural property relief for farmers whose agricultural assets marginally exceed the £1 million threshold.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 gets the balance right between supporting farms and fixing the public finances in a fair way. The reforms reduce the inheritance tax advantages available to owners of agricultural and business assets, but it still means those assets will be taxed at a much lower effective rate than most other assets. Despite a tough fiscal context, the Government will maintain very significant levels of relief from inheritance tax beyond what is available to others and the position before 1992.

The Government has no plans to implement a tapered clawback mechanism.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many hereditaments in England that are not used for retail, hospitality or leisure had a rateable value of £500,000 or above on 29 January 2025.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The information requested is provided in the Valuation Office Agency’s Non Domestic Rating Stock of Properties publication available on gov.uk.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many hereditaments used for (a) distribution and (b) warehousing in England had a rateable value of £500,000 or above on 29 January 2025.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The information requested is provided in the Valuation Office Agency’s Non Domestic Rating Stock of Properties publication available on gov.uk.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many hereditaments used for hospitality in England had a rateable value of £500,000 or above on 29 January 2025.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The information requested is provided in the Valuation Office Agency’s Non Domestic Rating Stock of Properties publication available on gov.uk.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many hereditaments used for leisure in England had a rateable value of £500,000 or above on 29 January 2025.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The information requested is provided in the Valuation Office Agency’s Non Domestic Rating Stock of Properties publication available on gov.uk.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions her Department has had with transport companies providing services for children with SEND on changes to employer National Insurance contributions.

Answered by James Murray - Exchequer Secretary (HM Treasury)

Home-to-school travel is an integral part of the school system and provides a valuable service on which many families rely. Officials across departments engage regularly with local authorities to understand the challenges they face and will continue to monitor this situation. The Department for Education do not expect there to be a significant impact on home-to-school travel for children with special educational needs and disabilities. Local authorities are responsible for arranging home-to-school travel and deliver this through a range of in-house services and external providers.

The £515m of additional funding made available to help local government manage the impact of changes to employer NICs has been determined based on a national assessment of the costs for directly employed staff across the public sector. However, this funding is unringfenced and it is for LAs to determine how to use this funding across relevant services and responsibilities.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many hereditaments used for retail in England had a rateable value of £500,000 or above on 29 January 2025.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The information requested is provided in the Valuation Office Agency’s Non Domestic Rating Stock of Properties publication available on gov.uk.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to (a) protect and (b) enhance access to cash in rural areas.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Government is committed to protecting access to cash for the millions of people across the UK that use it, including those in vulnerable groups.

The Financial Conduct Authority (FCA) assumed regulatory responsibility for access to cash in September 2024. Its rules require the UK’s largest banks and building societies to assess the impact of a closure or material alteration of a relevant cash withdrawal or deposit facility and put in place a new service if necessary.

The FCA’s rules require designated firms to consider a range of factors in their assessments which will account for challenges in cash access faced in rural areas. For example, firms are required to consider the actual travel times and costs to reach cash access facilities and identify gaps in provision where these are unreasonable.

Where a resident, community organisation or other interested party feels access to cash in their community is insufficient, they can submit a request for a cash access assessment. Further information about submitting a cash access request can be found at the following link: https://www.link.co.uk/helping-you-access-cash/request-access-to-cash

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how the proposed lower multiplier for hospitality, leisure and retail from 2026-27 will interact with small business rate relief; and what estimate she has made of the impact of the lower multiplier on the cost of small business rate relief.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The government is committed to retaining Small Business Rate Relief, which is a permanent relief set down in legislation.

Small Business Rate Relief (SBRR) is available to businesses with a single property below a set rateable value. Eligible properties under £12,000 receive 100 per cent relief, which means over a third of businesses in England (more than 700,000) pay no business rates at all.

There is also tapered support available to properties valued between £12,000 and £15,000.

Business rates bills are calculated by applying the relevant multiplier before reliefs are applied.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has plans to amend the rates of Air Passenger Duty.

Answered by James Murray - Exchequer Secretary (HM Treasury)

At Autumn Budget 2024, the Government announced APD rates for 2026-27, including a partial adjustment to help compensate for two recent years of inflation that was higher than expected.

As with all taxes, the Chancellor makes decisions on APD rates at fiscal events in the context of public finances.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to ensure people who could not pay their Self Assessment Tax because of the Barclays outage do not have to pay a fixed penalty.

Answered by James Murray - Exchequer Secretary (HM Treasury)

No Barclays customers who filed their tax return and paid their Self Assessment tax liability by 3^rd February will face a penalty.

Question to the HM Treasury:

To ask His Majesty's Government whether they plan to publish draft legislation on the oversight and regulation of the actuarial profession during this parliamentary Session.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

In the King’s Speech in July 2024, the Government confirmed its intention to bring forward draft legislation setting out its proposals to create a new statutory regulator – the Audit, Reporting and Governance Authority (ARGA) – with a wider remit and the powers it needs to uphold standards in financial reporting in the UK.

A draft Bill and further information about the Government’s proposals for ARGA, including its responsibilities and scope, will be published in due course.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the National Infrastructure and Service Transformation Authority will be put on a statutory footing.

Answered by Darren Jones - Chief Secretary to the Treasury

The National Infrastructure and Service Transformation Authority (NISTA) will combine the functions of the National Infrastructure Commission and Infrastructure and Projects Authority. NISTA will bring oversight of strategy and delivery into one organisation, driving more effective delivery of infrastructure across the country.

On 17 January 2025, the Prime Minister announced in a Written Ministerial Statement that NISTA will be a joint unit of HM Treasury and Cabinet Office, effective from 1 April 2025. Further detail on the work and governance of NISTA will be announced in due course.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has made an estimate of the number of additional jobs created by Heathrow expansion.

Answered by Darren Jones - Chief Secretary to the Treasury

Heathrow expansion could result in billions invested into the economy to create over 100,000 jobs, and support many more jobs by boosting UK economic growth.

Our pledge to use more sustainable aviation fuel, part of our Plan for Change, will also support thousands of jobs, bring down our transport emissions, and make the UK a clean energy superpower.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has made a value for money assessment of the Chagos Island deal.

Answered by Darren Jones - Chief Secretary to the Treasury

HMT has been working with the FCDO and the MOD on this agreement. As the lead departments, responsibility for judging the value for money of any deal sits with the FCDO and the MOD, who must balance its commitments against wider priorities – as per the Managing Public Money framework.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make it her policy to allow GP practices to claim Employment Allowance.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The government has not changed the eligibility rules on the Employment Allowance beyond removing the £100k eligibility threshold, so that business size does not dictate whether an employer can benefit from the Employment Allowance.

All the remaining eligibility criteria remain unchanged, including the exclusion of businesses whose work is wholly or mainly public in nature. The eligibility of a specific sector or organisation will depend on the make-up of an individual business's work, and organisations are encouraged to consult HMRC’s detailed guidance.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to tackle tax evasion in hair salons.

Answered by James Murray - Exchequer Secretary (HM Treasury)

The Government recognises that sometimes businesses do not declare all of their income and thereby conceal their true earnings. We are committed to creating a level playing field for all, by ensuring that everyone pays the right amount of tax at the right time, to ensure trust and fairness in the tax system. Most taxpayers pay what they owe, but a small minority fail to register with HMRC or only declare a portion of their earnings. This small minority deprive our vital public services of funding, affect fair competition between businesses, and place unfair burdens on everyone else. It is vital these revenues are collected to fund our essential public services. Closing the tax gap and making sure that more of the tax that is owed is correctly paid, is one of the Government’s top priorities for HMRC.

HMRC is making it increasingly difficult for businesses to hide their earnings and have an extensive range of powers, including information gathering powers, that help build a picture of risk and identify those who are trying to abuse the system. HMRC’s approach to tax evasion aims to tackle current non-compliance and change future behaviours. Their activities include national campaigns and specialist task forces that incorporate intensive bursts of activity in targeted sectors, such as the hair and beauty sector, and locations across the UK. This includes providing customer education highlighting the importance of keeping accurate records.

We recognise that some customers can find it hard to understand their tax obligations, so HMRC are developing and testing new educational material to better explain the rent a chair model. This is planned to be ready for publication on GOV.UK in the spring.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of whether the Financial Conduct Authority and other regulators have sufficient powers to intervene when retail investment platforms fail to inform their customers clearly, fully and in a timely manner (1) about the direct charges they pay for the investments they purchase on the platforms, (2) that they can exercise their rights to vote at the meetings of companies in which they hold shares, and (3) about the reasons for de-platforming listed, regulated investments that they may wish to purchase.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The Government wants to see more consumers benefit from the long-term financial security and returns that investing can provide and recognises that platforms will be crucial to achieving this objective.

Retail investment platforms are regulated by the Financial Conduct Authority (FCA), which has the necessary powers to intervene should they find retail investment platforms to be in breach of their regulatory obligations.

The Government legislated to enable the FCA to reform the UK’s retail disclosure regime to ensure consumers have access to the most useful information – including on risks, costs and performance – to support their investment decisions. The FCA consultation is currently open for views.

The issue of shareholder rights, including where shares are held by an intermediary, is being considered by the Digitisation Taskforce. The government is fully committed to ensuring the UK’s shareholding framework is fit for purpose and looks forward to receiving the taskforce’s final report.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the number of businesses that have been refused insurance because of incidents of retail crime.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The Government has not made an assessment. Insurers make decisions about the terms on which they will offer cover following an assessment of the relevant risks. This is usually informed by the insurer’s claims experience and other industry-wide statistics. Individual insurers may take a different view of the relevant factors in determining whether to offer insurance and at what price.

However, the Government recognises that shop theft continues to increase at an unacceptable level, with more and more offenders using violence and abuse against shopworkers to do this.

The Government will introduce a new offence of assaulting a retail worker to protect hardworking and dedicated staff, and end the effective immunity that has been granted to shop theft of goods under £200. As set out in the Autumn Budget 2024, the Government also will provide over £7 million over the next three financial years to help police tackle retail crime and support local businesses.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the potential for online technical issues to affect customers as banks move to online platforms.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

Strengthening the financial sector’s operational resilience is a key priority for HM Treasury and the financial regulators.

The financial regulators issued a Policy Statement on Operational Resilience in March 2022, entering into effect this Spring. It clarifies and sets new expectations for finance firms to improve their operational resilience, including services such as online banking, and requires firms to identify important business services and set impact tolerances.

These rules ensure firms are better equipped to prevent, adapt, respond to, recover, and learn from operational disruption.

Question to the HM Treasury:

To ask His Majesty's Government, further to the Written Answer by the Exchequer Secretary to the Treasury on 5 December 2024 (HC16605), what ministerial declaration has been made to the Permanent Secretary to the Treasury, or the Independent Adviser on Ministerial Standards, in relation to the Chancellor of the Exchequer receiving funding from Labour Together donors; and whether the Chancellor knows who funds Labour Together.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

There is an established process in place for the declaration and management of private interests held by ministers, which has been followed.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of an international charge on fossil fuel extraction as a means of raising revenue under the New Collective Quantified Goal agreed at COP29.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

We are committed to helping deliver global climate finance, including the New Collective Quantified Goal agreed at COP29 of at least $300bn per year to developing countries by 2035, and responding to the wider call on all actors to increase climate finance to developing countries to £1.3trn per year.

As part of that effort, we are pressing for faster and more ambitious reforms to the global financial system to deliver much more and higher quality climate and development finance. Alongside this, we are supportive of exploring revenue raising mechanisms for climate action, but we will need to consider specific proposals on a case-by-case basis.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the impact that the EU Carbon Border Adjustment Mechanism will have on surcharges on goods and energy passing (1) between Great Britain and Northern Ireland, and (2) between Northern Ireland and the Republic of Ireland.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The Government plans to apply the UK CBAM across the whole UK, including in NI. The UK will continue to work with international partners, including the EU, to ensure our approach is implemented in a way that works for businesses. The EU CBAM could only apply in Northern Ireland with the agreement of the UK and in line with the democratic safeguards of the Windsor Framework.

For goods moving from Northern Ireland into the EU, guidance is a matter for the European Commission and EU Member States. The Commission website is the most up to date source of information and guidance.

The EU Commission have also published their own impact assessment of the EU CBAM which is available online.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the McCloud judgement [2018] EWCA Civ 2844, how many outstanding police pensions cases HMRC had yet to assess on 6 February 2025; and what HMRC's timetable is for the completion of this work.

Answered by James Murray - Exchequer Secretary (HM Treasury)

HMRC is committed to providing a good customer service for individuals affected by the McCloud remedy. It is working closely with individual pension schemes to ensure they and their members have the support they need. For police, HMRC has received 662 and processed 136. HMRC has 526 police force cases which have been submitted and are yet to be processed.

HMRC checks and processes the submissions based on the information provided and has 90 days in which to process a refund where applicable.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of increasing the personal savings allowance for basic rate taxpayers.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Personal Savings Allowance (PSA) allows basic rate taxpayers to receive up to £1,000 in savings income tax free. Higher rate taxpayers can receive up to £500 in savings income tax free.

Individuals can also save up to £20,000 into an Individual Savings Account (ISA) each year, where savings income is received tax free. In addition, the Starting Rate for Savings allows for tax free savings income of up to £5,000 for those with earned income below £17,570. Taken together, this means that around 85 per cent of people with savings income pay no tax on that income.

The Government keeps all aspects of the tax system under review.

Question to the HM Treasury:

To ask His Majesty's Government what estimate they have made of the level of growth expected during this parliament as a result of the expansion of Heathrow Airport to three runways.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

Expanding Heathrow would have significant growth benefits. These include:

• Billions invested into the economy, with the potential to create over 100,000 jobs, according to the current Airports National Policy Statement (ANPS)
• Strengthening Heathrow’s status both as a global passenger hub and as the UK’s largest air freight hub by volume
• Major benefits for passengers, including lower fares and reduced delays and opportunities for a greater choice of airlines and destinations

A recent report from Frontier Economics suggested a third runway could increase potential GDP by 0.43% in 2050, with 60% of the economic boost from Heathrow expansion going to areas outside London and South-East.

The government expects to see progress being made on Heathrow expansion during this parliament and will introduce a Planning and Infrastructure Bill to speed up and streamline the planning process and accelerate the delivery of major infrastructure projects.

Question to the HM Treasury:

To ask His Majesty's Government what plans they have to ensure that low-paid workers in net pay workplace pension schemes can receive the same level of tax relief as they would if their employer used a relief at source scheme; and, if so, when they intend to implement them.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

Non-taxpayers who save in relief at source pension arrangements are better off than those using net pay schemes. Legislation introduced in 2023 requires HMRC to make a top-up payment to affected individuals.

The government remains committed to this policy which will see approximately one million individuals in net pay schemes offered an annual payment of around £70. This means that individuals should receive similar outcomes regardless of whether they are members of a relief at source or a net pay pension scheme.

HMRC are developing the IT solution to identify eligible individuals and make these payments. Top-up payments will be made for tax-year 2024-25 and subsequent years. The first payment for 2024-25 will be offered to eligible individuals in 2026.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will take steps to ensure that (a) self-employed people and (b) employees are not subject to higher taxation on both their earnings and state pension.

Answered by James Murray - Exchequer Secretary (HM Treasury)

At Autumn Budget 2024 we made no changes to the rates of income tax, which means employed and self-employed people will see no increase in the rate of income tax that apply to their earnings or state pension income.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had discussions with Santander on (a) its banking presence on high streets and (b) the impact of that on (i) consumers and (ii) businesses.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Chancellor of the Exchequer meets regularly with all major banks to discuss a wide variety of topics.

The Government understands the importance of face-to-face banking to communities, high streets and businesses across the UK, and is committed to championing sufficient access for all as a priority. Access to financial services is key to ensuring all citizens and businesses can both contribute to and benefit from growth in the UK.

The Government continues to work closely with banks to roll out 350 banking hubs by the end of this parliament, which will provide local residents and businesses up and down the country with critical cash and banking services.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential implications for her Department's policies of the Dasgupta Review, published on 2 February 2021.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Government agrees with the central conclusion of the Dasgupta Review that nature, and the biodiversity that underpins it, sustains our economies, livelihoods and wellbeing. It is therefore committed to integrating nature into economic and financial decision-making, and the institutions and systems that underpin it.

As set out at the Budget, the Government is investing in the natural environment, confirming £5 billion over two years to support the transition to a more productive and environmentally sustainable agricultural sector in England, and at least £400m for tree planting and restoration to protect soils, rivers and biodiversity.

The Treasury continues to explore ways to strengthen processes for assessing the climate and environmental impacts of fiscal decisions and improve the Green Book in line with emerging evidence and best practice, building on the extensive guidance already provided for evaluating and monetising natural capital impacts.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make a comparative assessment of the price of (a) non-alcoholic drinks and (b) alcoholic ones.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The independent Office for National Statistics is responsible for measuring prices. Further information on the prices of commonly bought goods and services, including alcoholic and non-alcoholic beverages, can be found on the ONS’s shopping prices comparison tool.

https://www.ons.gov.uk/economy/inflationandpriceindices/articles/shoppingpricescomparisontool/2023-05-03

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential contribution of Cranfield to his plans to double the size of the economy of the Oxford to Cambridge Growth Corridor.

Answered by Emma Reynolds - Economic Secretary (HM Treasury)

The Chancellor has recently announced the government’s commitment to unlock growth in the Oxford-Cambridge Growth Corridor and the high potential sectors within it, as part of the government’s Plan for Change to kickstart economic growth.

The Oxford-Cambridge region is home to world leading universities, and globally renowned science and technology firms. But its true potential is being held back and we need to go further to address the key barriers to growth across this region to deliver benefits for the whole country. This could, according to industry experts, boost the UK economy by £78 billion, catalysing the growth of UK science and technology. Any approach to growth should build on the assets already represented in the corridor, such as Cranfield University’s existing aerospace strengths.

As champion for the Oxford-Cambridge Growth Corridor, Lord Vallance will look across the region, including Cranfield, to identify key opportunities for growth.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what provision she has made for the costs associated with the proposed Treaty with Mauritius on the future sovereignty of the British Indian Ocean Territory in her Departmental Budget; and from which Departmental budget will the settlement be paid.

Answered by Darren Jones - Chief Secretary to the Treasury

The FCDO and the MOD are the lead departments for this agreement. Any financial obligations, including departmental budgetary responsibilities, will be managed responsibly within the government’s fiscal framework, including through the upcoming Spending Review.

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Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, what steps he is taking with Cabinet colleagues to help the UK meet its commitments on climate change adaptation.

Answered by Emma Hardy - Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)

Defra is the lead department for domestic adaptation to climate change, responsible for coordinating requirements set out in the UK Climate Change Act 2008. This includes preparing a UK Climate Change Risk Assessment every five years, followed by a National Adaptation Programme. Defra works closely with the Cabinet Office in delivering this function.

• Our new pilot, the “Local Authority Climate Service” tool provides Met Office climate data to local authorities based on their specific geographic areas, empowering them to take more effective decisions based on their local risk landscape.

• Our new £15 million Defra-UKRI research programme ‘Maximising UK Adaptation to Climate Change’ (MACC) will fund world leading strategic research projects to help improve the UK’s resilience to climate change impacts.

• The Cabinet Office and Defra jointly chair the director-level Climate Resilience Steering Board with HM Treasury and key risk owning departments.

• Alongside delivering NAP3 we are committed to strengthening the nation’s resilience and are considering a range of options to better embed climate adaptation across the whole of government.

Defra has responsibility for around half of the 61 risks and opportunities identified in the third Climate Change Risk Assessment, with a further eleven government departments having responsibility for the remainder.

Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, what the planned date of completion is for all hospitals within Wave 1 of the New Hospital Programme.

Answered by Karin Smyth - Minister of State (Department of Health and Social Care)

The expected completion dates for all schemes will be confirmed following the approval of a Full Business Case as set out in HM Treasury Green Book, as is usual for large infrastructure projects.

Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, pursuant to the Answer of 4 February 2025 to Question 27118 on NHS England: Pay, what the difference is between (a) operational max and (b) max exception zones in NHS Executive Senior Manager pay bands.

Answered by Karin Smyth - Minister of State (Department of Health and Social Care)

The operational maximum is the maximum salary rate NHS England can appoint without seeking permission from the Department. Salaries above the operational maximum require as a minimum approval from the Department’s Renumeration Committee, and depending on the amount, may also require approval from ministers and HM Treasury. Any salary above £150,000 requires approval from the Department’s ministers.

The exception zone max is the highest figure that the Department has been delegated from HM Treasury, and appointing a salary above the exception zone requires HM Treasury’s approval. It is also important to note that there are different operational and exception zone maximums depending on the grade of the NHS Executive Senior Manager role being appointed.

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, pursuant to the Answer of 9 January 2025 to Question 19680 on High Streets Task Force, what discussions his Department had with retailers on the impact of the reduction in retail, hospitality and leisure business rate relief from April 2025.

Answered by Gareth Thomas - Parliamentary Under Secretary of State (Department for Business and Trade)

Across Government, Ministers and officials meet with a range of retailers to understand the challenges they face. I have met with the Retail Sector Council where I heard members’ views about the impact of the Budget. More recently, I attended a roundtable organised by the British Retail Consortium, attended by CEOs and Senior Executives from leading retailers, with discussion points including the impact of the Budget and Business Rates.

More broadly, HMT are conducting engagement on future business rate reform and are open to receiving written evidence from stakeholders on the priority areas, prior to March 2025. This will provide retail businesses of any size the opportunity to share their concerns directly with HMT.

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what steps his Department is taking to help protect consumers from (a) deepfake technology, (b) AI-generated phishing scams and (c) other fraud enabled by artificial intelligence.

Answered by Feryal Clark - Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)

Government takes the threats posed by generative AI extremely seriously. That is why we are taking forward our manifesto commitment to ban the creation of non-consensual sexual deepfakes in the Data (Use and Access) Bill.

AI-generated content is captured by the Online Safety Act where it constitutes illegal content or content harmful to children on an in-scope service. Fraud is designated a priority offence under the Act, and in-scope services will need to take proactive measures to tackle illegal fraud content.

The Department for Science, Innovation and Technology also works jointly with the Home Office and HM Treasury through the Joint Fraud Taskforce to address fraud across different sectors.

Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, what the planned completion date is for the rebuild of Hinchingbrooke Hospital as part of Wave 1 of the New Hospital Programme.

Answered by Karin Smyth - Minister of State (Department of Health and Social Care)

The pre-construction activity for the Hinchingbrooke Hospital scheme, which includes business case development and critical enabling works, is ongoing, with construction of the main hospital build expected to commence in 2027/28 as part of wave one of the New Hospital Programme.

The expected completion dates for all schemes will be confirmed following the approval of a Full Business Case as set out in HM Treasury Green Book, as is usual for large infrastructure projects

Question to the Department for Business and Trade:

To ask His Majesty's Government what steps they are taking to ensure that regulators are accountable for their decisions and that businesses and consumers have avenues to challenge regulatory actions.

Answered by Baroness Jones of Whitchurch - Baroness in Waiting (HM Household) (Whip)

The ability to challenge regulatory decisions where necessary is critical to an effective regulatory system that drives economic growth. Most regulatory decisions are subject to internal appeal within regulators. This Government is committed to ensuring regulators are effective and fully accountable, as demonstrated by the Chancellor and Secretary of State for Business and Trade’s recent meeting with regulators where they scrutinised the pro-growth measures that regulators had identified to support the growth mission. The Department for Business and Trade and HM Treasury are leading the regulatory reform agenda across Government and we will set out our overall regulatory vision shortly.

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Found: Tax relief incentives for security investments (1) The Secretary of State, in consultation with HM Treasury

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Found: public fnances, keeping proper records and safeguarding the Commission’s assets as set out by HM Treasury

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Found: are ring-fenced and funding cannot be transferred into other parts of the core FCDO budget without HMT

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Found: Private operators generally purchased the right to provide AtoNs and levy a charge to do so from HM Treasury

Found: Under the Freedoms charter approved by HM Treasury and Cabinet Office in April 2023, the Royal Armouries

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Found: Private operators generally purchased the right to provide AtoNs and levy a charge to do so from HM Treasury

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Found: committed to transparent reporting and our gender pay gap is published as part of His Majesty’s Treasury’s (HMT

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Found: safeguarding the Regulator of Social Housing’s assets, are set out in Managing Public Money published by HM Treasury

Found: It allows us to answer questions that Ministers and HMT most want to answer: is it worth doing?

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Found: Notification provided in accordance with paragraph 9 above does not constitute verification by HM Treasury

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Found: National Risk Register, 2023 44 HM Government, Community Resilience Development Framework, 2019 45 HM Treasury

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