Question to the HM Treasury:

To ask His Majesty's Government, further to the letter from Baroness Taylor of Stevenage on 3 November about the removal of the lower rate of landfill tax, what types of inert construction waste they plan to be reused elsewhere.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

At the Budget in November 2025, the Government set out its decisions in response to the consultation on reform to Landfill Tax which ran earlier this year. The Government has listened to the arguments made by businesses, particularly in the construction sector, and has decided that now is not the right time to converge to a single rate of tax. Instead, the Government has announced a plan to prevent the gap between the two rates getting any wider over the coming years which ensures that businesses will not face significant additional costs. In addition, the tax exemption for backfilling quarries will be retained to ensure that businesses continue to have access to a low-cost alternative to landfill.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral contribution by the Chief Secretary to the Treasury of 3 December 2025, Official Report, column 991, what she held discussions with the Independent Advisor on Ministerial Standards before announcing the investigation.

Answered by James Murray - Chief Secretary to the Treasury

A leak inquiry is now under way and the government does not comment on the details of leak inquiries.

The Independent Adviser for Ministerial Standards has written to the leader of Reform UK and does not intend to investigate this matter.

The Chief Executive Officer of the FCA has written to the Chair of the Treasury Select Committee and the FCA have not launched an enforcement investigation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral contribution by the Chief Secretary to the Treasury of 3 December 2025, Official Report, column 991, whether the Financial Conduct Authority be involved in the investigation.

Answered by James Murray - Chief Secretary to the Treasury

A leak inquiry is now under way and the government does not comment on the details of leak inquiries.

The Independent Adviser for Ministerial Standards has written to the leader of Reform UK and does not intend to investigate this matter.

The Chief Executive Officer of the FCA has written to the Chair of the Treasury Select Committee and the FCA have not launched an enforcement investigation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral contribution by the Chief Secretary to the Treasury of 3 December 2025, Official Report, column 991, what the terms of reference are for the investigation.

Answered by James Murray - Chief Secretary to the Treasury

A leak inquiry is now under way and the government does not comment on the details of leak inquiries.

The Independent Adviser for Ministerial Standards has written to the leader of Reform UK and does not intend to investigate this matter.

The Chief Executive Officer of the FCA has written to the Chair of the Treasury Select Committee and the FCA have not launched an enforcement investigation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral contribution by the Chief Secretary to the Treasury of 3 December 2025, Official Report, column 991, what the planned timetable is for the inquiry.

Answered by James Murray - Chief Secretary to the Treasury

A leak inquiry is now under way and the government does not comment on the details of leak inquiries.

The Independent Adviser for Ministerial Standards has written to the leader of Reform UK and does not intend to investigate this matter.

The Chief Executive Officer of the FCA has written to the Chair of the Treasury Select Committee and the FCA have not launched an enforcement investigation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral contribution by the Chief Secretary to the Treasury of 3 December 2025, Official Report, column 991, how much funding her Department plans to provide for the leak inquiry.

Answered by James Murray - Chief Secretary to the Treasury

A leak inquiry is now under way and the government does not comment on the details of leak inquiries.

The Independent Adviser for Ministerial Standards has written to the leader of Reform UK and does not intend to investigate this matter.

The Chief Executive Officer of the FCA has written to the Chair of the Treasury Select Committee and the FCA have not launched an enforcement investigation.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment has been made of the potential impact of the lower rate of business rates retail, hospitality and leisure multipliers, revaluation, and transition arrangements on pubs, bars and restaurants.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality sector as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 2 December 2025 to question 95074 , how many of the businesses classified as holiday sites in the Valuation Office Agency draft 2026 rating lists have had their rateable value i) decrease ii) stay the same iii) increase compared to their 2023 rateable values.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The VOA published the Draft non-domestic rating list on 26 November 2025, which can be found here: https://www.gov.uk/government/statistics/non-domestic-rating-change-in-rateable-value-of-rating-lists-england-and-wales-2026-revaluation-draft-list

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 4 December to Question 95961 on Business Rates: Tax Allowances, if she will modify the Budget 2025: Retail, Hospitality and Leisure Factsheet, published on 28 November, to reflect that the calculation for the applicable Transition Relief cap for 2026/27 is made from the base liability for 2025/26 before RHL relief has been applied.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

No, I will not modify the Budget 2025: RHL Factsheet. It is correct.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer to question 95074 of 2 December 2025, how many of the businesses classified as restaurants and cafes in the Valuation Office Agency draft 2026 rating lists have had their rateable value i) decrease ii) stay the same iii) increase compared to their 2023 rateable values.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The VOA published the Draft non-domestic rating list on 26 November 2025, which can be found here: https://www.gov.uk/government/statistics/non-domestic-rating-change-in-rateable-value-of-rating-lists-england-and-wales-2026-revaluation-draft-list

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer to question 95074 of 2 December 2025, how many of the businesses classified as hotels etc in the Valuation Office Agency draft 2026 rating lists have had their rateable value i) decrease ii) stay the same iii) increase compared to their 2023 rateable values.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The VOA published the Draft non-domestic rating list on 26 November 2025, which can be found here: https://www.gov.uk/government/statistics/non-domestic-rating-change-in-rateable-value-of-rating-lists-england-and-wales-2026-revaluation-draft-list

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer to question 95074, how many of the 52,080 businesses classified as pubs and wine bars in the VAO draft 2026 rating lists have seen their rateable value i) decrease, ii) stay the same and iii) increase compared to their 2023 rateable values.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The VOA published the Draft non-domestic rating list on 26 November 2025, which can be found here: https://www.gov.uk/government/statistics/non-domestic-rating-change-in-rateable-value-of-rating-lists-england-and-wales-2026-revaluation-draft-list

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what impact miles driven abroad will have on the calculation of the amount of Electric Vehicle Excise Duty payable per vehicle.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs (electric vehicles) contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.

The Government has ruled out charging tax based on when or where people drive to protect motorists’ privacy. This means non-UK mileage driven by UK registered cars will fall into scope of eVED, as with fuel duty, which does not vary by basis of where a car is driven.

The vast majority of eVED will be paid on travel in the UK; there were an estimated 225 billion car miles in Great Britain in 2024, and over nine billion miles travelled by car in Northern Ireland in 2023.

The government has published a consultation on GOV.UK, which provides further detail on how eVED is intended to work and seeks views on its implementation: https://assets.publishing.service.gov.uk/media/69282ac1a245b0985f034197/eVED_Consultation.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people will move into higher tax bands due to the freezing of income tax and National Insurance thresholds for three years; and estimate she has made of the revenue raised through these measures.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The number of people forecast to pay tax by marginal rate can be found in Table 3.19 in the OBR’s November 2025 Economic and fiscal outlook – detailed forecast tables: receipts, linked below:

https://obr.uk/download/november-2025-economic-and-fiscal-outlook-detailed-forecast-tables-receipts/?tmstv=1764165511

The estimated revenue from maintaining the personal income tax and equivalent national insurance thresholds at current levels for a further three years until April 2031 can be found in Table 4.1, policy 46 in HMT’s Budget 2025 document, linked below:

Budget 2025 document - GOV.UK

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the fiscal cost of Benefit-in-Kind rates for zero-emission company cars, including (a) the cost of the 3 per cent rate in 2025–26, (b) the revenue forgone when the rate was 0 per cent and 2 per cent, and (c) any comparable figures for plug-in hybrid and ultra-low-emission vehicles.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government publishes annual statistics on HMRC’s taxable benefits in kind for company cars. These reports document the number of benefit in kind recipients, the CO2 emissions of company cars and their total taxable value. The latest statistics for the tax year 2023-24 were published in June 2025, and are accessible here: https://www.gov.uk/government/statistics/benefits-in-kind-statistics-june-2025/benefit-in-kind-statistics-commentary-june-2025(opens in a new tab)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the new taxation of electric vehicles on reaching the UK's net zero targets.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government intends to create a fair tax system whilst ensuring that driving an electric vehicle (EV) remains an attractive choice for consumers; the transition to EVs is essential to meeting Net Zero targets.

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028. The rate of eVED for EVs will be half of the equivalent fuel duty rate paid by the average petrol/diesel driver, ensuring that EVs are cheaper to own and run for the majority of EV drivers. The Government is also providing generous additional support to incentivise the use of electric vehicles, including £1.3 billion of additional funding for the Electric Car Grant (ECG) and increasing the VED Expensive Car Supplement (ECS) threshold to £50,000 for EVs.

As set out by the OBR, the estimated net impact of eVED and other Budget measures, including the ECG and ECS, is 120,000 fewer new EV sales across the forecast period. This is against a baseline which assumes EV sales more than triple from 2025-26 levels by 2030-31, which means the net impact of eVED represents only 2% of total new EV sales in the period.

The Government has set out expected impacts from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the new taxation of electric vehicles on consumer uptake of electric vehicles.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government intends to create a fair tax system whilst ensuring that driving an electric vehicle (EV) remains an attractive choice for consumers; the transition to EVs is essential to meeting Net Zero targets.

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028. The rate of eVED for EVs will be half of the equivalent fuel duty rate paid by the average petrol/diesel driver, ensuring that EVs are cheaper to own and run for the majority of EV drivers. The Government is also providing generous additional support to incentivise the use of electric vehicles, including £1.3 billion of additional funding for the Electric Car Grant (ECG) and increasing the VED Expensive Car Supplement (ECS) threshold to £50,000 for EVs.

As set out by the OBR, the estimated net impact of eVED and other Budget measures, including the ECG and ECS, is 120,000 fewer new EV sales across the forecast period. This is against a baseline which assumes EV sales more than triple from 2025-26 levels by 2030-31, which means the net impact of eVED represents only 2% of total new EV sales in the period.

The Government has set out expected impacts from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the impact of current fuel duty rates on the road freight and logistics sector; and whether her Department plans to bring forward measures to reduce transport costs.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

At Budget 2025, the Government announced continued support for people and businesses by extending the temporary 5p fuel duty cut until the end of August 2026. Rates will then gradually return to previous levels. The planned increase in line with inflation for 2026-27 will not take place, with the government increasing fuel duty rates in line with RPI from April 2027. This will save the average van driver £100 next year compared to previous plans, and the average HGV driver more than £800.

The Government considers the impact of fuel duty on the economy, including households and businesses, with decisions on rates made at fiscal events.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 27 November to question 92601 on Tourism: Taxation, what assessment she has made of the potential impact of Visitor Levies in other jurisdictions on the hospitality sector.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Scottish and Welsh Governments have published their own impact assessments to accompany legislation for the introduction of their visitor levies.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential distributional impact of the new taxation of electric vehicles on households with lower incomes.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.

The Government set out estimated impacts on household incomes from tax, welfare and public service spending decisions taken at Budget 2025, including eVED. These impacts are available at GOV.UK: https://assets.publishing.service.gov.uk/media/69269c6222424e25e6bc31bb/Impact_on_households.pdf

The Driver and Vehicle Licensing Agency (DVLA) will be responsible for delivering and administering eVED, so HM Revenue and Customs will not incur additional administrative costs.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the future annual revenues from pay per mile vehicle tax schemes over the next five years.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.

The Government has set out the expected impacts, including Exchequer impacts and behavioural changes, from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of tax revenues from the new tax on electric vehicles announced in the Autumn Budget 2025 over the next five years.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.

The Government has set out the expected impacts, including Exchequer impacts and behavioural changes, from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the administrative costs to HM Revenue and Customs of implementing the new taxation of electric vehicles.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.

The Government set out estimated impacts on household incomes from tax, welfare and public service spending decisions taken at Budget 2025, including eVED. These impacts are available at GOV.UK: https://assets.publishing.service.gov.uk/media/69269c6222424e25e6bc31bb/Impact_on_households.pdf

The Driver and Vehicle Licensing Agency (DVLA) will be responsible for delivering and administering eVED, so HM Revenue and Customs will not incur additional administrative costs.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of applying National Insurance to salary-sacrificed pension contributions above £2,000 from 2029 on small and medium-sized employers, pension take-up and long-term pension savings; and whether she plans to bring forward measures to mitigate the impact on pension auto-enrolment and retirement preparedness.

Answered by Torsten Bell - Parliamentary Secretary (HM Treasury)

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice.

Small and medium-sized employers (SMEs) are less likely to be affected by these changes. Based on the latest ASHE data (2023/24), 28% of employees of SMEs use pension salary sacrifice, compared to 39% of larger employers.

The government supports all individuals to save into pensions through a generous system of tax reliefs worth over £70 billion a year.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what modelling she has undertaken on applying National Insurance to salary-sacrificed pension contributions above £2,000; and whether she has made an assessment of the potential impact of that measure on pension contributions among middle-income workers.

Answered by Torsten Bell - Parliamentary Secretary (HM Treasury)

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice.

Individuals earning below £30,000 making pension contributions through salary sacrifice are overwhelmingly protected by a £2,000 cap, with few (c. 5%) making salary sacrifice contributions above this threshold.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of recent changes to salary sacrifice arrangements on employees’ pension savings.

Answered by Torsten Bell - Parliamentary Secretary (HM Treasury)

A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to pensions salary sacrifice.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many compliance inspections of money service businesses have been carried out by HM Revenue and Customs in the last twelve months.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC does not record ‘Money Service Businesses’ (MSBs) as a category in its compliance data across all tax regimes. It is therefore not possible to accurately identify the total number of compliance checks in this area of business without manually reviewing case records. Available figures cover compliance checks under the Money Laundering Regulations (MLR).

As a statutory supervisor under the MLR, HMRC has carried out 1,008 compliance checks of supervised businesses across all supervised sectors in the period from 1 December 2024 to 30 November 2025. These interventions form part of the responsibility to protect the UK from money laundering and the financing of terrorism and proliferation, which includes providing guidance and education to support legitimate businesses, fit and proper operating checks, and desk-based and onsite interventions.

Further details on HMRC’s inspection processes are available on GOV.UK: Money laundering regulations: business inspections.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of how many businesses in the Fylde constituency will be impacted by the pay per mile tax on electric and hybrid cars.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.

When eVED takes effect in April 2028, eVED rates will be set at 3p per mile for electric vehicles, which is half the equivalent fuel duty rate paid by the average petrol/diesel driver, ensuring that driving an electric vehicle continues to be an attractive choice for consumers. The rate will be set at 1.5p per mile for plug-in hybrids, recognising that they will continue to pay fuel duty on miles driven in petrol mode. An average EV driver driving 8,000 miles per year will pay around £240 per year or £20 per month.

As set out by the OBR, the estimated net impact of eVED and other Budget measures, including the ECG and ECS, is 120,000 fewer new EV sales across the forecast period. This is against a baseline which assumes EV sales more than triple from 2025-26 levels by 2030-31, which means the net impact of eVED represents only 2% of total new EV sales in the period.

The Government has set out expected impacts from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the impact of the pay per mile tax on electric vehicle usage in the Fylde constituency.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

As announced at Budget 2025, the Government is introducing Electric Vehicle Excise Duty (eVED) from April 2028, a new mileage charge for electric and plug-in hybrid cars, recognising that EVs contribute to congestion and wear and tear on the roads but pay no equivalent to fuel duty.

When eVED takes effect in April 2028, eVED rates will be set at 3p per mile for electric vehicles, which is half the equivalent fuel duty rate paid by the average petrol/diesel driver, ensuring that driving an electric vehicle continues to be an attractive choice for consumers. The rate will be set at 1.5p per mile for plug-in hybrids, recognising that they will continue to pay fuel duty on miles driven in petrol mode. An average EV driver driving 8,000 miles per year will pay around £240 per year or £20 per month.

As set out by the OBR, the estimated net impact of eVED and other Budget measures, including the ECG and ECS, is 120,000 fewer new EV sales across the forecast period. This is against a baseline which assumes EV sales more than triple from 2025-26 levels by 2030-31, which means the net impact of eVED represents only 2% of total new EV sales in the period.

The Government has set out expected impacts from eVED and other Budget measures in the Budget 2025 Policy Costings document at GOV.UK: https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to extend the child Air Passenger Duty exemption to Premium Economy cabins.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Air Passenger Duty (APD) applies to airlines, not individual passengers, and is the principal tax on the aviation sector. It is expected to raise £4.7 billion in 2025-26 and it aims to ensure that airlines make a fair contribution to the public finances, particularly given that tickets are VAT free and aviation fuel incurs no duty. The distance-based band structure ensures that those who travel furthest, and in the greatest comfort, incur a greater tax liability.

Children under 16 years old on the date of the flight, and in the lowest class of travel, are exempt from APD. This means that no APD will be paid on that passenger by the airline to the UK government. If children under 16 years old are travelling in any other class (such as premium economy) or in business jets, they are not exempt. Children under 2 years old without a seat are exempt from Air Passenger Duty for all classes of travel.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of rateable value increases and changes to business rates relief, announced at Budget 2025, on a) vacancy rates on local high streets, b) employment levels, c) businesses closures and d) price levels.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

The Call for Evidence published at Budget seeks further evidence on the role business rates and reliefs play in investment, including Empty Property Relief.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of rateable value increases and changes to business rates relief announced at Budget 2025 on a) vacancy rates on high streets, b) employment levels, c) businesses closures and d) price levels.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

The Call for Evidence published at Budget seeks further evidence on the role business rates and reliefs play in investment, including Empty Property Relief.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of higher rateable values and reduced business rates relief on the number of hospitality closures and empty units on high streets over the next three years.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

The Call for Evidence published at Budget seeks further evidence on the role business rates and reliefs play in investment, including Empty Property Relief.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what guidance or analysis her department has undertaken on the potential impact on high street businesses of the removal of business rates relief and the simultaneous business rates revaluation.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the removal of business rates relief and the business rates revaluation on high street businesses.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the removal of business rates relief and business rates revaluation on high street businesses.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of applying a) a 10p multiplier b) a 15p multiplier or c) the full 20p discount on high street and hospitality businesses; and if she will publish that assessment.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties. To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto. The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since COVID. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

The new RHL tax rates will be 5p below the national tax rates. Making the RHL tax rates even lower would have led to a higher tax rate for high-value properties.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of applying a) a 10p multiplier b) a 15p multiplier or c) the full 20p discount on high street and hospitality businesses; and if she will publish that assessment.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties. To support with bill increases, at the Budget, the Government introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto. The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since COVID. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

The new RHL tax rates will be 5p below the national tax rates. Making the RHL tax rates even lower would have led to a higher tax rate for high-value properties.

Question to the HM Treasury:

To ask His Majesty's Government when they will appoint a commissioner responsible for giving advice about Wales under the provisions of the Crown Estate Act 2025.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

The recruitment campaign launched on 16 October with a view to making an appointment by early 2026. It closed to new applications on 12 November and continues to progress in accordance with the Governance Code for Public Appointments.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of business or employment tax rises on (a) gyms, (b) swimming pools, and (c) leisure centres.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government recognises the important contribution that sport and physical activity make to health and wellbeing in the UK.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality sector as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including gyms, swimming pools, and leisure centres. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

Additionally, businesses and other organisations providing these services can continue to benefit from measures including the increase in the Employment Allowance to £10,500 and the Government remains committed to the small profits rate, under which companies with profits of £50,000 or less are subject to a 19 per cent rate. Marginal relief for companies with profits of between £50,000 and £250,000 means only around 10 per cent of actively trading companies pay the full main rate of 25 per cent. This means gyms, swimming pools and leisure centres whose companies meet these conditions will continue to face lower effective corporation tax rates.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many and what proportion of retail, hospitality and leisure businesses will be eligible to receive transitionary relief for business rates in 2026-27.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties as they recover from the pandemic.

To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years. This includes a redesigned transitional relief scheme which caps bill increases, and is worth £3.2 billion over the next 3 years, and a supporting small business (SSB) scheme capping bill increases for the smallest businesses losing some or all of their small business rates relief or rural rate relief worth over £500 million. The Government has gone further, by expanding this to ratepayers losing RHL relief to offer further support worth an additional £1.3 billion as they transition to permanently lower tax rates.

As a result, over half of all ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what are the Zone A rates for retail properties used to calculate the business rates due in (a) Aberystwyth, (b) Tregaron, (c) Aberaeron, (d) Lampeter, (e) Llandysul, (f) Cardigan, (g) St Dogmaels, (h) Crymych, (i) Fishguard, (j) Goodwick and k) Clunderwen.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Retail Zone A rates are specific to individual properties, so there will be a range of Zone A values in each of the locations referred to.

Question to the HM Treasury:

To ask His Majesty's Government what is the average waiting time for members of the public calling His Majesty's Revenue and Customs by phone.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

HMRC publishes its call waiting times on GOV.UK:

https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates

Improving day-to-day performance is a key priority for HMRC.

In 2024-25, HMRC handled 71.5% of adviser attempts across their helplines and had an average call answer time of 18 minutes 38 seconds. This year (April – September 2025), HMRC have handled 83.8% of adviser attempts and average call wait times have decreased to 13 minutes 30 seconds.

HMRC are taking steps to make sure more of their services are digital. HMRC online services and the HMRC app are convenient to access and receive high customer satisfaction ratings. As more people use HMRC online services, advisers are freed up to support those with more complex queries and those who are digitally excluded.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make it her policy to split revenue raised from a Visitor Levy in London between the Mayor of London and London boroughs.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government has announced powers for Mayors to introduce a visitor levy on short-term overnight accommodation in their region, to drive economic growth including through support for the local visitor economy, if they so choose.

We have published a consultation running until 18 February 2026, so that the public, businesses, and local government can shape the design of the power to introduce a levy that will be devolved to local leaders.

The precise design and scope of the power for Mayors to introduce a visitor levy is still under development and the Government welcomes engagement from the hospitality sector in developing this power through the consultation process.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make it her policy to hypothecate revenue raised from a Visitor Levy in London to support the visitor economy in London.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government has announced powers for Mayors to introduce a visitor levy on short-term overnight accommodation in their region, to drive economic growth including through support for the local visitor economy, if they so choose.

We have published a consultation running until 18 February 2026, so that the public, businesses, and local government can shape the design of the power to introduce a levy that will be devolved to local leaders.

The precise design and scope of the power for Mayors to introduce a visitor levy is still under development and the Government welcomes engagement from the hospitality sector in developing this power through the consultation process.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her department has made of how many a) pubs b) hotels c) restaurants d) indoor leisure and e) night clubs are expected to see their business rates bill i) go up ii) stay the same or iii) decrease from April 2026 as a result of the measures announced in Budget 2025.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality and leisure sectors as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

For the pubs sector, the increase in rateable values will be 30%, which combined with the loss of the temporary RHL relief would lead to an increase in total bills paid by the sector of 45%. However, due to government intervention, the sector’s total bill will only increase by 4% next year.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of a) pubs, b) hotels, c) restaurants, d) indoor leisure and e) night clubs whose business rates bill will i) go up ii) stay the same or iii) decrease from April 2026 as a result of the measures announced in Budget 2025.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality and leisure sectors as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

For the pubs sector, the increase in rateable values will be 30%, which combined with the loss of the temporary RHL relief would lead to an increase in total bills paid by the sector of 45%. However, due to government intervention, the sector’s total bill will only increase by 4% next year.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many a) pubs, b) hotels, c) restaurants, d) indoor leisure and e) night clubs will have i) increased, ii) decreased and iii) the same business rates from April 2026.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality and leisure sectors as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

For the pubs sector, the increase in rateable values will be 30%, which combined with the loss of the temporary RHL relief would lead to an increase in total bills paid by the sector of 45%. However, due to government intervention, the sector’s total bill will only increase by 4% next year.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to Box 3.H, and Table 4.1 of the Autumn Budget 2025, HC 1492, 26 November 2025, and to the HMT document, Effects of the business rates retail, hospitality and leisure multipliers and high value multiplier of 26 November 2025, what estimate she has made of the total gross revenue to be raised from the high-value multiplier in 2026-27.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The exchequer impact of the new high-value multiplier and RHL multipliers can be found on page 30 of the ‘Policy costings’ document, published at the Budget and found online at this address:

https://assets.publishing.service.gov.uk/media/692872fd2a37784b16ecf676/Budget_2025-Policy_Costings.pdf

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her department has made of how many a) pubs b) hotels c) restaurants d) indoor leisure and e) night clubs are expected to see their business rates bill i) go up ii) stay the same or iii) decrease from April 2026 as a result of the measures announced in Budget 2025.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The amount of business rates paid on each property is based on the rateable value of the property, assessed by the Valuation Office Agency (VOA), and the multiplier values, which are set by the Government. Rateable values are re-assessed every three years. Revaluations ensure that the rateable values of properties (i.e. the tax base) remain in line with market changes, and that the tax rates adjust to reflect changes in the tax base.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality and leisure sectors as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

For the pubs sector, the increase in rateable values will be 30%, which combined with the loss of the temporary RHL relief would lead to an increase in total bills paid by the sector of 45%. However, due to government intervention, the sector’s total bill will only increase by 4% next year.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties, including pubs. These new tax rates are worth nearly £900 million per year, and will benefit over 750,000 properties.

The new RHL tax rates replace the temporary RHL relief that has been winding down since Covid. Unlike RHL relief, the new rates are permanent, giving businesses certainty and stability, and there will be no cap, meaning all qualifying properties on high streets across England will benefit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much revenue was generated in 2023/2024 from business rates on hereditaments that are being used for the provision of (a) sport, leisure and facilities to visiting members of the public and (b) casinos, gambling clubs and bingo halls; and how much the same venues are forecast to pay in 2025/26 and 2026/27.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government does not hold data on the amount of business rates revenue raised by different types of hereditaments.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the cumulative effect of (a) increasing betting duties on seaside arcades, (b) a nightly levy on hotel stays, (c) the abolition of Favoured Tax Regime for Furnished Holiday Lets, (d) changes to business rates relief, (e) the increase in Employer National Insurance Contributions and (f) the increase in the National Minium Wage for young people on businesses.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government has carefully assessed the cumulative impacts of measures announced over recent Budgets on businesses and households. Taken together, these measures raise revenue to support the public finances in a fair way, whilst providing targeted support. The Government recognises that recent policy changes will have combined effects on some businesses. Where changes are made, relevant assessments and impact notes are published to inform stakeholders. The Treasury continues to engage with affected sectors to understand the challenges they face and to ensure the UK remains a competitive place to do business. We will continue to monitor the situation closely and keep our policy approach under review, with future tax decisions taken at fiscal events under the normal process.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact on families of increases in Air Passenger Duty for Premium Economy passengers announced in the Budget.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The government is committed to securing the long-term future of the aviation sector in the UK and recognises the benefits of the connectivity it creates between the UK and the rest of the world.

At Budget 2025, the government announced it will uprate APD rates in line with RPI from 1 April 2027 and rounded to the nearest penny. This constitutes a real terms freeze meaning passengers will pay the same in today’s prices.

As set out in the OBR forecast in March, passenger numbers are expected to exceed pre-pandemic levels in the coming year, and are expected to be around 10% higher than 2024-25 once new APD rates are implemented in 2026-27.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of increased aviation taxes on levels of inbound tourism to the UK.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The government is committed to securing the long-term future of the aviation sector in the UK and recognises the benefits of the connectivity it creates between the UK and the rest of the world.

At Budget 2025, the government announced it will uprate APD rates in line with RPI from 1 April 2027 and rounded to the nearest penny. This constitutes a real terms freeze meaning passengers will pay the same in today’s prices.

As set out in the OBR forecast in March, passenger numbers are expected to exceed pre-pandemic levels in the coming year, and are expected to be around 10% higher than 2024-25 once new APD rates are implemented in 2026-27.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will publish all correspondence between herself and the Chair of the Office for Budget Responsibility between 1 October and 1 December.

Answered by James Murray - Chief Secretary to the Treasury

The Chancellor engages regularly with the OBR’s Budget Responsibility Committee (BRC), including its Chair, in preparation for fiscal events. The OBR publishes a log of its contact, including with the Chancellor, in the Foreword of the Economic and Fiscal Outlook (EFO).

On Wednesday 26 November, Richard Hughes wrote to the Chancellor to apologise for the early release of the OBR’s Economic and Fiscal Outlook and to announce an investigation into the incident.

Richard Hughes resigned as Chair of the OBR on 1 December and the Chancellor wrote to thank him for his dedicated public service and leadership of the OBR over the last 5 years.

These letters are published on the OBR website and on gov.uk, respectively.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions she had with the former Chair of the Office for Budget Responsibility on his giving evidence to the Treasury Select Committee following the Budget before his resignation; and if she will publish all written correspondence between them on this issue.

Answered by James Murray - Chief Secretary to the Treasury

Richard Hughes resigned as Chair of the OBR on 1 December and the Chancellor wrote to thank him for his dedicated public service and leadership of the OBR over the last 5 years.

These letters are published on the OBR website and on gov.uk, respectively.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she will consider extending the proposed alignment of the personal allowance for pensioners with the new State Pension rate.

Answered by Torsten Bell - Parliamentary Secretary (HM Treasury)

As announced at the Budget, the government will ease the administrative burden for pensioners whose sole income is the basic or new State Pension without any increments so that they do not have to pay small amounts of tax via Simple Assessment from 2027-28.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent estimate she has made of the contribution of fuel duty to inflation and the cost of living; and whether she will review current rates in the context of wider price pressures.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Pump prices are at their lowest levels since 2021, before Russia’s illegal invasion of Ukraine led to soaring prices and the introduction of a temporary 5p cut in fuel duty. At Budget 2025, the Government therefore announced continued support for people and businesses by extending the temporary 5p fuel duty cut until the end of August 2026. Rates will then gradually return to early 2022 levels. The planned increase in line with inflation for 2026-27 will not take place, with the government uprating fuel duty rates by RPI from April 2027. This will save the average car driver £49 next year compared to previous plans.

The Office for Budget Responsibility (OBR) set out the impact of policy measures on inflation in its Autumn Budget 2025 forecast, including fuel duty policy. The OBR forecast the fuel duty freeze extension will reduce CPI inflation by 0.13 percentage points in 2026/27.

The Chancellor asked departments to prioritise reducing inflation when developing policies for the Budget, ensuring decisions support stability and long-term growth. Considering all policies, including the impact of the fuel duty decision, the OBR expect Budget measures to reduce CPI inflation by 0.4 percentage points in 2026/27.

The Government considers the impact of fuel duty on the economy, including households and businesses, with decisions on rates made at fiscal events.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of duty-free sales arrangements under the Windsor Framework on Northern Ireland’s airports; and whether she has had discussions with the Northern Ireland Executive on enabling passengers travelling from Northern Ireland airports to (a) Great Britain and (b) third countries to access duty-free sales on the same basis as passengers travelling from other UK airports.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Excise duty is due on excise goods due to be consumed in the UK. There are no plans to allow individuals moving from one part of the UK to another to purchase duty free goods.

Passengers travelling from Northern Ireland to a place outside the UK and the EU are entitled to purchase duty free goods in the same way as passengers travelling from Great Britain to a place outside the UK. Duty free shopping between Northern Ireland and the EU would require the application of personal allowances, to prevent the uncontrolled flow of tax-free goods into either Northern Ireland or the EU. The enforcement controls required for this would run counter to the shared ambitions of the UK and the EU set out in the Windsor Framework and the principle of the frictionless movement of people and goods between Northern Ireland and Ireland.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the number of unregistered money service businesses currently operating in the United Kingdom.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The latest National Risk Assessment of Money Laundering and Terrorist Financing, published in July 2025, confirms that Money Service Businesses (MSBs) remain high risk for both money laundering and terrorist financing, unchanged from the 2020 rating. The report can be found here:

National risk assessment of money laundering and terrorist financing 2025 - GOV.UK

The Government recognises the importance of targeting anti-money laundering (AML) activity at the highest-risk sectors as part of a risk-based approach. That is why the latest amendments to the Money Laundering Regulations (MLRs), due to be laid in 2026, will make the MLRs more proportionate and effective by ensuring that so-called ‘Know Your Customer’ requirements on regulated businesses such as MSBs are clearer and more targeted at high-risk activity.

HMRC is the AML supervisor for MSBs. While we cannot comment on individual cases, HMRC provides HM Treasury with data on the number and risk profile of MSBs operating in the UK, as well as information on how it assesses and responds to MSB-related risks. This information is published in HM Treasury’s annual anti-money laundering and counter-terrorist financing supervision report, the latest version of which is available here:

Anti-money laundering and countering the financing of terrorism: Supervision Report 2023-24 - GOV.UK

HMRC also publishes details of penalties it has issued to businesses for non-compliance with the MLRs. The information for the 2024-25 financial year can be found here:

Businesses that have not complied with the money laundering regulations (2024 to 2025) - GOV.UK

According to this data, in 2024-25 16 MSBs were fined a total of £50,276 for failures in: the provision of registration information; notifying HMRC of material change; having the correct policies, controls and procedures; conducting due diligence; record keeping; and providing requested information or documents. HMRC also applies a range of non-financial penalties, including preventing businesses from trading through suspension or cancellation of their supervisory registration, to address risks in its supervised sectors.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an estimate of the number and demographic profile of savers impacted by the reduction in the annual cash ISA allowance; and whether she plans to introduce alternative saving and investment incentives.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

ISAs incentivise saving and investment by providing generous tax advantages to individual taxpayers. Individuals can save up to £20,000 into an ISA each year, and any savings income received within an ISA is tax free. In addition, due to the Personal Savings Allowance and the Starting Rate for Savings, in 2025-26 around 85 per cent of people with savings income will pay no tax on that income.

This policy will affect those aged under 65 from April 2027, but the overall Individual Savings Accounts (ISAs) limit will remain at £20,000 for all savers when the annual Cash ISA limit is set at £12,000. Savers can still use stocks and shares ISAs beyond the £12,000 up to £20,000. It will not affect existing cash ISA savings.

A policy costing note for the package of measures was published alongside the Budget, including the changes to the ISA regime. Following a technical consultation, new ISA regulations will be laid, and a Tax Impact and Information Note will be published in the spring.

After around 800,000 savers aged 65 and above are carved-out, these changes will affect around 16% of Cash ISA subscribers, and around 12% of all ISA subscribers. This means around 1.3 million people are impacted by these changes.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to increase levels of household savings.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

Everyone should have access to affordable and appropriate products for their financial wellbeing. The government is committed to breaking down barriers to opportunity and ensuring individuals and households have greater financial security.

This is why the government offers several ways to help people save and increase their financial resilience. The overall ISA allowance of £20,000 ensures that savers can put significant sums away in a tax-free savings account. For those who save outside of an ISA, the Personal Savings Allowance provides up to £1,000 of tax-free savings interest for basic rate taxpayers, and £500 for higher rate taxpayers.

The Help to Save scheme supports financial resilience for working people on low incomes by encouraging consistent, long-term saving and helping them build a financial buffer to plan and prepare for the future. The scheme is currently available to working individuals in receipt of Universal Credit, ensuring it remains targeted at its intended population.

As announced at Autumn Budget 2025, the government will make the Help to Save scheme permanent and, from April 2028, will expand eligibility to include all Universal Credit claimants who receive the child element, the caring element or both.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for the total spend on (i) LinkedIn membership fees (ii) other subscriptions by her Department in the last financial year.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she has make an assessment of the potential impact of reforming business rates on small pubs and breweries.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

In April 2026, the Government will introduce permanently lower business rates multipliers for retail, hospitality, and leisure (RHL) properties with rateable values below £500,000. This permanent tax cut will ensure that eligible properties, including pubs, benefit from much-needed certainty and support. Breweries that are wholly or mainly open to visiting members of the public (for instance, mainly used as a bar or for providing tours to the public) will also benefit from the lower multipliers.

The final design, including the rates, for the new business rates multipliers will be announced at Budget 2025, so that the Government can factor the revaluation outcomes, as well as the broader economic and fiscal context, into decision-making. When the new multipliers are set, HM Treasury intends to publish analysis of the effects of the new multiplier arrangements.

Ahead of the new multipliers being introduced, the Government prevented RHL business rates relief from ending in April 2025, extending it for one year at 40 per cent up to a cash cap of £110,000 per business. Under the previous Government, RHL relief was due to end entirely in April 2025, and so by extending it, the Government has saved the average pub, with a ratable value of £16,800, over £3,300.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of record keeping requirements for foreign exchange and money remittance transactions.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The latest National Risk Assessment of Money Laundering and Terrorist Financing, published in July 2025, confirms that Money Service Businesses (MSBs) remain high risk for both money laundering and terrorist financing, unchanged from the 2020 rating. The report can be found here:

National risk assessment of money laundering and terrorist financing 2025 - GOV.UK

The Government recognises the importance of targeting anti-money laundering (AML) activity at the highest-risk sectors as part of a risk-based approach. That is why the latest amendments to the Money Laundering Regulations (MLRs), due to be laid in 2026, will make the MLRs more proportionate and effective by ensuring that so-called ‘Know Your Customer’ requirements on regulated businesses such as MSBs are clearer and more targeted at high-risk activity.

HMRC is the AML supervisor for MSBs. While we cannot comment on individual cases, HMRC provides HM Treasury with data on the number and risk profile of MSBs operating in the UK, as well as information on how it assesses and responds to MSB-related risks. This information is published in HM Treasury’s annual anti-money laundering and counter-terrorist financing supervision report, the latest version of which is available here:

Anti-money laundering and countering the financing of terrorism: Supervision Report 2023-24 - GOV.UK

HMRC also publishes details of penalties it has issued to businesses for non-compliance with the MLRs. The information for the 2024-25 financial year can be found here:

Businesses that have not complied with the money laundering regulations (2024 to 2025) - GOV.UK

According to this data, in 2024-25 16 MSBs were fined a total of £50,276 for failures in: the provision of registration information; notifying HMRC of material change; having the correct policies, controls and procedures; conducting due diligence; record keeping; and providing requested information or documents. HMRC also applies a range of non-financial penalties, including preventing businesses from trading through suspension or cancellation of their supervisory registration, to address risks in its supervised sectors.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to strengthen enforcement action against money service businesses that breach anti money laundering regulations.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The latest National Risk Assessment of Money Laundering and Terrorist Financing, published in July 2025, confirms that Money Service Businesses (MSBs) remain high risk for both money laundering and terrorist financing, unchanged from the 2020 rating. The report can be found here:

National risk assessment of money laundering and terrorist financing 2025 - GOV.UK

The Government recognises the importance of targeting anti-money laundering (AML) activity at the highest-risk sectors as part of a risk-based approach. That is why the latest amendments to the Money Laundering Regulations (MLRs), due to be laid in 2026, will make the MLRs more proportionate and effective by ensuring that so-called ‘Know Your Customer’ requirements on regulated businesses such as MSBs are clearer and more targeted at high-risk activity.

HMRC is the AML supervisor for MSBs. While we cannot comment on individual cases, HMRC provides HM Treasury with data on the number and risk profile of MSBs operating in the UK, as well as information on how it assesses and responds to MSB-related risks. This information is published in HM Treasury’s annual anti-money laundering and counter-terrorist financing supervision report, the latest version of which is available here:

Anti-money laundering and countering the financing of terrorism: Supervision Report 2023-24 - GOV.UK

HMRC also publishes details of penalties it has issued to businesses for non-compliance with the MLRs. The information for the 2024-25 financial year can be found here:

Businesses that have not complied with the money laundering regulations (2024 to 2025) - GOV.UK

According to this data, in 2024-25 16 MSBs were fined a total of £50,276 for failures in: the provision of registration information; notifying HMRC of material change; having the correct policies, controls and procedures; conducting due diligence; record keeping; and providing requested information or documents. HMRC also applies a range of non-financial penalties, including preventing businesses from trading through suspension or cancellation of their supervisory registration, to address risks in its supervised sectors.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the level of financial crime linked to non compliant money service businesses.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The latest National Risk Assessment of Money Laundering and Terrorist Financing, published in July 2025, confirms that Money Service Businesses (MSBs) remain high risk for both money laundering and terrorist financing, unchanged from the 2020 rating. The report can be found here:

National risk assessment of money laundering and terrorist financing 2025 - GOV.UK

The Government recognises the importance of targeting anti-money laundering (AML) activity at the highest-risk sectors as part of a risk-based approach. That is why the latest amendments to the Money Laundering Regulations (MLRs), due to be laid in 2026, will make the MLRs more proportionate and effective by ensuring that so-called ‘Know Your Customer’ requirements on regulated businesses such as MSBs are clearer and more targeted at high-risk activity.

HMRC is the AML supervisor for MSBs. While we cannot comment on individual cases, HMRC provides HM Treasury with data on the number and risk profile of MSBs operating in the UK, as well as information on how it assesses and responds to MSB-related risks. This information is published in HM Treasury’s annual anti-money laundering and counter-terrorist financing supervision report, the latest version of which is available here:

Anti-money laundering and countering the financing of terrorism: Supervision Report 2023-24 - GOV.UK

HMRC also publishes details of penalties it has issued to businesses for non-compliance with the MLRs. The information for the 2024-25 financial year can be found here:

Businesses that have not complied with the money laundering regulations (2024 to 2025) - GOV.UK

According to this data, in 2024-25 16 MSBs were fined a total of £50,276 for failures in: the provision of registration information; notifying HMRC of material change; having the correct policies, controls and procedures; conducting due diligence; record keeping; and providing requested information or documents. HMRC also applies a range of non-financial penalties, including preventing businesses from trading through suspension or cancellation of their supervisory registration, to address risks in its supervised sectors.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of anti money laundering controls in bureaux de change and money service businesses.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The latest National Risk Assessment of Money Laundering and Terrorist Financing, published in July 2025, confirms that Money Service Businesses (MSBs) remain high risk for both money laundering and terrorist financing, unchanged from the 2020 rating. The report can be found here:

National risk assessment of money laundering and terrorist financing 2025 - GOV.UK

The Government recognises the importance of targeting anti-money laundering (AML) activity at the highest-risk sectors as part of a risk-based approach. That is why the latest amendments to the Money Laundering Regulations (MLRs), due to be laid in 2026, will make the MLRs more proportionate and effective by ensuring that so-called ‘Know Your Customer’ requirements on regulated businesses such as MSBs are clearer and more targeted at high-risk activity.

HMRC is the AML supervisor for MSBs. While we cannot comment on individual cases, HMRC provides HM Treasury with data on the number and risk profile of MSBs operating in the UK, as well as information on how it assesses and responds to MSB-related risks. This information is published in HM Treasury’s annual anti-money laundering and counter-terrorist financing supervision report, the latest version of which is available here:

Anti-money laundering and countering the financing of terrorism: Supervision Report 2023-24 - GOV.UK

HMRC also publishes details of penalties it has issued to businesses for non-compliance with the MLRs. The information for the 2024-25 financial year can be found here:

Businesses that have not complied with the money laundering regulations (2024 to 2025) - GOV.UK

According to this data, in 2024-25 16 MSBs were fined a total of £50,276 for failures in: the provision of registration information; notifying HMRC of material change; having the correct policies, controls and procedures; conducting due diligence; record keeping; and providing requested information or documents. HMRC also applies a range of non-financial penalties, including preventing businesses from trading through suspension or cancellation of their supervisory registration, to address risks in its supervised sectors.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of (i) the economic impact and (ii) potential cost savings for the pubs sector of introducing a 20p reduction in the business rates multiplier for all pubs.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

In April 2026, the Government will introduce permanently lower business rates multipliers for retail, hospitality, and leisure (RHL) properties with rateable values below £500,000. This permanent tax cut will ensure that eligible properties, including pubs, benefit from much-needed certainty and support. Breweries that are wholly or mainly open to visiting members of the public (for instance, mainly used as a bar or for providing tours to the public) will also benefit from the lower multipliers.

The final design, including the rates, for the new business rates multipliers will be announced at Budget 2025, so that the Government can factor the revaluation outcomes, as well as the broader economic and fiscal context, into decision-making. When the new multipliers are set, HM Treasury intends to publish analysis of the effects of the new multiplier arrangements.

Ahead of the new multipliers being introduced, the Government prevented RHL business rates relief from ending in April 2025, extending it for one year at 40 per cent up to a cash cap of £110,000 per business. Under the previous Government, RHL relief was due to end entirely in April 2025, and so by extending it, the Government has saved the average pub, with a ratable value of £16,800, over £3,300.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of business tax rises on physical activity levels.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government recognises the important contribution that sport and physical activity make to health and wellbeing in the UK.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality sector as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure properties, worth nearly £900 million per year and benefiting over 750,000 properties, including sports and physical activity centres with rateable values under £500k.

Additionally, businesses within the physical activity sector can continue to benefit from measures including the increase in the Employment Allowance to £10,500 and the Government remains committed to the small profits rate, under which companies with profits of £50,000 or less are subject to a 19 per cent rate. Marginal relief for companies with profits of between £50,000 and £250,000 means only around 10 per cent of actively trading companies pay the full main rate of 25 per cent. This means firms within the physical activity sector that meet these conditions will continue to face lower effective corporation tax rates.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of business tax rises on the physical activity sector.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government recognises the important contribution that sport and physical activity make to health and wellbeing in the UK.

At the Budget, the VOA announced updated property values from the 2026 revaluation. This revaluation is the first since Covid, which has led to significant increases in rateable values for some properties, including those in the hospitality sector as they recover from the pandemic. To support with bill increases, at the Budget, the Government announced a support package worth £4.3 billion over the next three years, including protection for ratepayers seeing their bills increase because of the revaluation. As a result, over half of ratepayers will see no bill increases, including 23% seeing their bills go down. This means most properties seeing increases will see them capped at 15% or less next year, or £800 for the smallest.

More broadly, the Government is delivering a long overdue reform to rebalance the business rates system and support the high street, as promised in our manifesto.

The Government is doing this by introducing permanently lower tax rates for eligible retail, hospitality and leisure properties, worth nearly £900 million per year and benefiting over 750,000 properties, including sports and physical activity centres with rateable values under £500k.

Additionally, businesses within the physical activity sector can continue to benefit from measures including the increase in the Employment Allowance to £10,500 and the Government remains committed to the small profits rate, under which companies with profits of £50,000 or less are subject to a 19 per cent rate. Marginal relief for companies with profits of between £50,000 and £250,000 means only around 10 per cent of actively trading companies pay the full main rate of 25 per cent. This means firms within the physical activity sector that meet these conditions will continue to face lower effective corporation tax rates.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had discussions with banks on maintaining high street branches to 2030.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Chancellor and Treasury Ministers regularly engage with banks on a range of issues, including access to banking services.

Banking is changing, with many customers benefiting from the convenience and flexibility of managing their finances remotely. However, Government understands the importance of face-to-face banking to high streets and communities and is committed to championing sufficient access for customers. The financial services industry is committed to rolling out 350 banking hubs across the UK by the end of this Parliament. Over 240 hubs have been announced so far, and more than 190 are already open. Government is working closely with industry on this commitment.

While decisions on branch provision are commercial decisions for banks themselves, Financial Conduct Authority guidance requires firms to conduct a robust impact analysis. In the case of closures, firms must show they have considered customer needs and identified potential reasonable alternatives. The FCA also expects engagement with stakeholders at least 12 weeks before closure and firms must ensure that any replacement services are in place before a branch closes. These measures aim to ensure closures are implemented fairly and transparently.

As well as bank branches, alternative non-digital options to access everyday banking services include telephone banking and the Post Office. The Post Office Banking Framework allows personal and business customers of participating banks to withdraw and deposit cash, check their balance, pay bills and cash cheques at thousands of Post Office branches across the UK.

Some banks also provide points of access through initiatives such as pop-up services in libraries and community centres, or mobile banking vans serving remote areas. The Government supports initiatives which give customers access to in-person banking, as well as digital access.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to further regulate business lending where (a) a private residence is used as security (b) personal guarantees are required as a condition of the loan.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government has set out its plans in this area in its small business strategy, ‘Backing Your Business’, published this summer, and in the Government’s reply to the Call for Evidence on SME Finance, published earlier this month.

As set out in the Government’s small business strategy, the Government is committed to working with lenders to ensure the appropriate use of personal guarantees. This includes the introduction of a mandatory Code of Conduct for accredited lenders that use the British Business Bank’s Growth Guarantee Scheme, to ensure that personal guarantees under the Scheme are used fairly and transparently.

The Government is also working with UK Finance to build on its existing lender commitments to use personal guarantees responsibly, and with the business finance community to help businesses access the right finance on the right terms, including where personal guarantees are involved.

More widely, personal guarantees can play a necessary role in business lending, where they may help enable SMEs to access lending that might otherwise not be advanced, or where the price of lending would deter SMEs from accessing finance. This includes cases where a business has limited or no trading history, nor assets for use as collateral to access debt finance. While personal guarantees may be called upon, this does not automatically result in enforcement action, and property repossessions linked to personal guarantees remain rare.

The Government will continue to keep the issues relating to personal guarantees under review and promote further transparency around their use.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when her Department plans to publish the consultation on the technical detail of the new small parcels regulatory arrangements.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

At Autumn Budget 2025, the government announced the removal of the low value imports relief and published a technical consultation covering the design and implementation of the new LVI customs arrangements.

You can read and respond to the government’s consultation here: Reforming the customs treatment of low value imports into the United Kingdom - GOV.UK

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much has been recovered by HM Revenue and Customs from furlough fraud to date.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

HMRC’s latest fully assured figures, covering up to the end of March 2025, have been published in the HMRC Annual Report and Accounts 2024-25: https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2024-to-2025

Across the three HMRC-administered COVID-19 support schemes Coronavirus Job Retention Scheme (CJRS), Self Employment Income Support Scheme (SEISS) and Eat Out to Help Out (EOHO), up to the end of March 2025, HMRC’s compliance effort on the COVID-19 schemes has prevented the payment of or recovered the overpayment of over £1.7 billion worth of grants, which is made up of £430 million prevented from being paid out and £1.3 billion recovered from overpayments.

Of the overall £1.3 billion recovered from overpayments, £920 million relates to CJRS.

HMRC identifies claims for compliance checks where the amount of the claim is out of step with other information. The risk that the claim is incorrect may be due to a range of reasons from an honest mistake through to fraud, therefore our data does not distinguish between error and fraud.

HMRC also introduced dedicated voluntary disclosure portals where claimants can voluntarily repay a COVID-19 support scheme grant, either because they have identified an overpayment of a grant or if they no longer require it. These repayment facilities have so far resulted in unprompted disclosures and voluntary repayments of over £1 billion for CJRS, £51 million for SEISS, and £2 million for EOHO.

• CJRS: https://www.gov.uk/guidance/pay-coronavirus-job-retention-scheme-grants-back
• SEISS: https://www.gov.uk/guidance/tell-hmrc-and-pay-the-self-employment-income-support-scheme-grant-back
• EOHO: Eat Out to Help Out Scheme (email eohovoluntaryrepayments@hmrc.gov.uk)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will publish a list of businesses that have been required to repay fraudulently claimed furlough money.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

This government has already recouped almost £400m of Covid support cash.

The government has already actioned many of the Commissioner’s early proposals. These include:

• A voluntary repayment scheme, launched in September, giving claimants until 31 December to pay up.
• Tougher sanctions powers through the Public Authorities (Fraud, Error and Recovery) Bill, which became law on 2 December.
• Specialist fraud recovery teams to track down suspected fraudsters and recover taxpayer cash, from 2026.

HMRC has a “Publishing Details of Deliberate Tax Defaulters” programme which publishes details of deliberate tax defaulters on Gov.uk, including the Coronavirus Job Retention Scheme and Eat Out to Help Out.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps (a) her Department and (b) its public bodies are taking to (i) develop and (ii) use artificial intelligence approaches to British Sign Language.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

Across government, there are opportunities to use AI to accelerate the creation of accessible content across public services. If public bodies trial the use of AI in approaches to BSL (British Sign Language), they would be required to conform with both WCAG (Web Content Accessibility Guidelines) and the Service Standard, and must conduct research with disabled people, including deaf users and where appropriate to the service provision, those who use sign language or a sign language interpreter to interact with the service.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to improve access to affordable credit.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government recognises that affordable and responsible credit can help households manage unexpected costs and cash flow.

In November, we published the Financial Inclusion Strategy, developed with consumer groups and industry. The Strategy includes a pilot scheme for small sum lending and measures to strengthen the community finance sector, including encouraging partnerships with mainstream financial firms.

We will continue to work closely with stakeholders to implement the Strategy and improve access to affordable credit.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much HM Revenue and Customs expects to recover from outstanding furlough fraud investigations.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

This government has already recouped almost £400m of Covid support cash.

The government has already actioned many of the Commissioner’s early proposals. These include:

• A voluntary repayment scheme, launched in September, giving claimants until 31 December to pay up.
• Tougher sanctions powers through the Public Authorities (Fraud, Error and Recovery) Bill, which became law on 2 December.
• Specialist fraud recovery teams to track down suspected fraudsters and recover taxpayer cash, from 2026.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of revenue lost to furlough fraud committed during the pandemic.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Covid Counter Fraud Commissioner Tom Hayhoe’s final report to Parliament found many schemes - including Bounce Back Loans - were rolled out with huge fraud risks and no early safeguards – costing the taxpayer millions.

Weak accountability, bad quality data and poor contracting were identified as the primary causes of the £10.9 billion pound losses – which were enough to fund daily free school meals for the UK’s 2.7 million eligible children for eight years.

This government has already recouped almost £400m of Covid support cash.

The government has already actioned many of the Commissioner’s early proposals. These include:

• A voluntary repayment scheme, launched in September, giving claimants until 31 December to pay up.
• Tougher sanctions powers through the Public Authorities (Fraud, Error and Recovery) Bill, which became law on 2 December.
• Specialist fraud recovery teams to track down suspected fraudsters and recover taxpayer cash, from 2026.

Estimates of error and fraud for the Coronavirus Job Retention Scheme (CJRS) are published at: Error and fraud in the COVID-19 schemes: methodology and approach (an update for 2023) - GOV.UK

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of safeguards in the online application process for the Breathing Space debt respite scheme in preventing fraudulent or duplicate applications by the same individuals.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Breathing Space Scheme gives debtors the space to engage with professional debt advice, or to receive crisis treatment for a mental health condition.

A standard breathing space provides people in problem debt with protections from creditor enforcement action for a period of 60 days. It can only be started if a regulated debt adviser assesses the individual to be eligible and that a breathing space would be appropriate for them. This includes ensuring the individual has not been in a standard breathing space in the last 12 months.

In recognition of the link between mental health and problem debt, eligible individuals receiving mental health crisis treatment can access a mental health crisis breathing space (MHCBS) which provides the same protections from creditor enforcement for the duration of the individual’s crisis treatment. A MHCBS can only be started if an Approved Mental Health Professional confirms that the individual is receiving mental health crisis treatment. The debt adviser must also seek confirmation from a nominated point of contact every 30 days that the individual is still receiving eligible mental health crisis treatment in order for the individual to continue to receive the moratorium’s protections.

HM Treasury does not issue guidance to police forces on the handling of alleged abuse or fraudulent use of the Breathing Space scheme. However, HM Treasury does provide guidance for creditors. This outlines that where a creditor considers that an individual or a specific debt does not qualify for a breathing space, or that the debtor has enough funds to repay their debts, they can ask the debt advice provider to conduct a review within 20 days of the breathing space starting. Creditors also have the right to apply to a court at any time for permission to take enforcement action in relation to a debt included in a breathing space.

The Government keeps the scheme under review to ensure it is operating as intended.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of introducing a mechanism for creditors to seek redress where a Breathing Space certification has been incorrectly granted and financial loss has resulted.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Breathing Space Scheme gives debtors the space to engage with professional debt advice, or to receive crisis treatment for a mental health condition.

A standard breathing space provides people in problem debt with protections from creditor enforcement action for a period of 60 days. It can only be started if a regulated debt adviser assesses the individual to be eligible and that a breathing space would be appropriate for them. This includes ensuring the individual has not been in a standard breathing space in the last 12 months.

In recognition of the link between mental health and problem debt, eligible individuals receiving mental health crisis treatment can access a mental health crisis breathing space (MHCBS) which provides the same protections from creditor enforcement for the duration of the individual’s crisis treatment. A MHCBS can only be started if an Approved Mental Health Professional confirms that the individual is receiving mental health crisis treatment. The debt adviser must also seek confirmation from a nominated point of contact every 30 days that the individual is still receiving eligible mental health crisis treatment in order for the individual to continue to receive the moratorium’s protections.

HM Treasury does not issue guidance to police forces on the handling of alleged abuse or fraudulent use of the Breathing Space scheme. However, HM Treasury does provide guidance for creditors. This outlines that where a creditor considers that an individual or a specific debt does not qualify for a breathing space, or that the debtor has enough funds to repay their debts, they can ask the debt advice provider to conduct a review within 20 days of the breathing space starting. Creditors also have the right to apply to a court at any time for permission to take enforcement action in relation to a debt included in a breathing space.

The Government keeps the scheme under review to ensure it is operating as intended.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what guidance her Department provides to police forces in England regarding the handling of cases where there has been an alleged abuse or fraudulent use of the Breathing Space scheme.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Breathing Space Scheme gives debtors the space to engage with professional debt advice, or to receive crisis treatment for a mental health condition.

A standard breathing space provides people in problem debt with protections from creditor enforcement action for a period of 60 days. It can only be started if a regulated debt adviser assesses the individual to be eligible and that a breathing space would be appropriate for them. This includes ensuring the individual has not been in a standard breathing space in the last 12 months.

In recognition of the link between mental health and problem debt, eligible individuals receiving mental health crisis treatment can access a mental health crisis breathing space (MHCBS) which provides the same protections from creditor enforcement for the duration of the individual’s crisis treatment. A MHCBS can only be started if an Approved Mental Health Professional confirms that the individual is receiving mental health crisis treatment. The debt adviser must also seek confirmation from a nominated point of contact every 30 days that the individual is still receiving eligible mental health crisis treatment in order for the individual to continue to receive the moratorium’s protections.

HM Treasury does not issue guidance to police forces on the handling of alleged abuse or fraudulent use of the Breathing Space scheme. However, HM Treasury does provide guidance for creditors. This outlines that where a creditor considers that an individual or a specific debt does not qualify for a breathing space, or that the debtor has enough funds to repay their debts, they can ask the debt advice provider to conduct a review within 20 days of the breathing space starting. Creditors also have the right to apply to a court at any time for permission to take enforcement action in relation to a debt included in a breathing space.

The Government keeps the scheme under review to ensure it is operating as intended.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has carried out an impact assessment on removing (a) racehorse training yards and (b) racecourses from the Retail, Hospitality, and Leisure business rate relief scheme.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government is introducing new permanently lower business rates tax rates for retail, hospitality and leisure (RHL) properties with rateable values below £500,000.

On 16 October 2025, the Government published legislation and accompanying guidance detailing the eligibility criteria for the new multipliers. To ensure the new tax rates are appropriately targeted, only properties that are wholly or mainly used for providing RHL activity (as defined in legislation) to visiting members of the public are eligible for the new multipliers.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the cost of removing (a) racehorse training yards and (b) racecourses from the Retail, Hospitality, and Leisure business rate relief scheme.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government is introducing new permanently lower business rates tax rates for retail, hospitality and leisure (RHL) properties with rateable values below £500,000.

On 16 October 2025, the Government published legislation and accompanying guidance detailing the eligibility criteria for the new multipliers. To ensure the new tax rates are appropriately targeted, only properties that are wholly or mainly used for providing RHL activity (as defined in legislation) to visiting members of the public are eligible for the new multipliers.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what reason (a) racehorse training yards and (b) racecourses have been removed from the Retail, Hospitality, and Leisure business rate relief scheme.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government is introducing new permanently lower business rates tax rates for retail, hospitality and leisure (RHL) properties with rateable values below £500,000.

On 16 October 2025, the Government published legislation and accompanying guidance detailing the eligibility criteria for the new multipliers. To ensure the new tax rates are appropriately targeted, only properties that are wholly or mainly used for providing RHL activity (as defined in legislation) to visiting members of the public are eligible for the new multipliers.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed Agricultural Property Relief reforms on the level of productive farmland and food security; and whether she has consulted the Secretary of State for Environment, Food and Rural Affairs on these matters.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and businesses, fixing the public finances, and funding public services. The reforms reduce the inheritance tax advantages available to owners of agricultural and business assets, but still mean 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 compared to the position before 1992. Where inheritance tax is due, those liable for a charge can pay any liability on the relevant assets over 10 annual instalments, interest-free.

As announced at Budget 2025, any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable between spouses and civil partners, including if the first death was before 6 April 2026.

There are no changes to the underlying qualifying criteria or definitions for agricultural property relief and business property relief. For example, the longstanding rules mean, in order to qualify for agricultural property relief, the property must normally be agricultural property and occupied for agricultural purposes, such as cultivation to produce food for human and animal consumption. More information can be found at www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm24060.

There is a difference between the total value of a farm and the amount being passed on at death. For example, a farm can be jointly owned by multiple people or family members, meaning each individual’s claim for tax relief can relate to less than the total value of the whole farm. This is explained in more detail in the letter from the then Exchequer to the Treasury to the Northern Ireland Affairs Committee in January 2025. This is available at https://committees.parliament.uk/publications/46267/documents/232537/default/.

Information from claims is not recorded to enable regional or national breakdowns of the number of estates expected to be affected. However, the Government has set out that the reforms are expected to result in up to 375 estates across the UK claiming agricultural property relief, including those also claiming business property relief, paying more inheritance tax in 2026-27. This is a reduction from up to 520 estates forecast to pay more at Autumn Budget 2024. 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 the changes in 2026-27, based on the latest available data.

A report by the independent Centre for the Analysis of Taxation (CenTax) published in August 2025, prior to the announcement at Budget 2025, concluded that half of the estates paying more would see an increase in their effective inheritance tax rate of less than 5 percentage points, and 86 per cent of these estates could pay their entire inheritance tax bill out of non-farm assets.

An updated tax information and impact note was published alongside Budget 2025 on 26 November 2025. This explains that the measure is not expected to have a material impact on food security or have a significant macroeconomic impact. It is available at www.gov.uk/government/publications/changes-to-agricultural-property-relief-and-business-property-relief/agricultural-property-relief-and-business-property-relief-changes.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential long-term economic impact of the proposed Agricultural Property Relief reforms on the viability of farm businesses where land has to be sold to meet inheritance tax liabilities.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and businesses, fixing the public finances, and funding public services. The reforms reduce the inheritance tax advantages available to owners of agricultural and business assets, but still mean 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 compared to the position before 1992. Where inheritance tax is due, those liable for a charge can pay any liability on the relevant assets over 10 annual instalments, interest-free.

As announced at Budget 2025, any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable between spouses and civil partners, including if the first death was before 6 April 2026.

There are no changes to the underlying qualifying criteria or definitions for agricultural property relief and business property relief. For example, the longstanding rules mean, in order to qualify for agricultural property relief, the property must normally be agricultural property and occupied for agricultural purposes, such as cultivation to produce food for human and animal consumption. More information can be found at www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm24060.

There is a difference between the total value of a farm and the amount being passed on at death. For example, a farm can be jointly owned by multiple people or family members, meaning each individual’s claim for tax relief can relate to less than the total value of the whole farm. This is explained in more detail in the letter from the then Exchequer to the Treasury to the Northern Ireland Affairs Committee in January 2025. This is available at https://committees.parliament.uk/publications/46267/documents/232537/default/.

Information from claims is not recorded to enable regional or national breakdowns of the number of estates expected to be affected. However, the Government has set out that the reforms are expected to result in up to 375 estates across the UK claiming agricultural property relief, including those also claiming business property relief, paying more inheritance tax in 2026-27. This is a reduction from up to 520 estates forecast to pay more at Autumn Budget 2024. 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 the changes in 2026-27, based on the latest available data.

A report by the independent Centre for the Analysis of Taxation (CenTax) published in August 2025, prior to the announcement at Budget 2025, concluded that half of the estates paying more would see an increase in their effective inheritance tax rate of less than 5 percentage points, and 86 per cent of these estates could pay their entire inheritance tax bill out of non-farm assets.

An updated tax information and impact note was published alongside Budget 2025 on 26 November 2025. This explains that the measure is not expected to have a material impact on food security or have a significant macroeconomic impact. It is available at www.gov.uk/government/publications/changes-to-agricultural-property-relief-and-business-property-relief/agricultural-property-relief-and-business-property-relief-changes.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed Agricultural Property Relief reforms on farms in Northern Ireland.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and businesses, fixing the public finances, and funding public services. The reforms reduce the inheritance tax advantages available to owners of agricultural and business assets, but still mean 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 compared to the position before 1992. Where inheritance tax is due, those liable for a charge can pay any liability on the relevant assets over 10 annual instalments, interest-free.

As announced at Budget 2025, any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable between spouses and civil partners, including if the first death was before 6 April 2026.

There are no changes to the underlying qualifying criteria or definitions for agricultural property relief and business property relief. For example, the longstanding rules mean, in order to qualify for agricultural property relief, the property must normally be agricultural property and occupied for agricultural purposes, such as cultivation to produce food for human and animal consumption. More information can be found at www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm24060.

There is a difference between the total value of a farm and the amount being passed on at death. For example, a farm can be jointly owned by multiple people or family members, meaning each individual’s claim for tax relief can relate to less than the total value of the whole farm. This is explained in more detail in the letter from the then Exchequer to the Treasury to the Northern Ireland Affairs Committee in January 2025. This is available at https://committees.parliament.uk/publications/46267/documents/232537/default/.

Information from claims is not recorded to enable regional or national breakdowns of the number of estates expected to be affected. However, the Government has set out that the reforms are expected to result in up to 375 estates across the UK claiming agricultural property relief, including those also claiming business property relief, paying more inheritance tax in 2026-27. This is a reduction from up to 520 estates forecast to pay more at Autumn Budget 2024. 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 the changes in 2026-27, based on the latest available data.

A report by the independent Centre for the Analysis of Taxation (CenTax) published in August 2025, prior to the announcement at Budget 2025, concluded that half of the estates paying more would see an increase in their effective inheritance tax rate of less than 5 percentage points, and 86 per cent of these estates could pay their entire inheritance tax bill out of non-farm assets.

An updated tax information and impact note was published alongside Budget 2025 on 26 November 2025. This explains that the measure is not expected to have a material impact on food security or have a significant macroeconomic impact. It is available at www.gov.uk/government/publications/changes-to-agricultural-property-relief-and-business-property-relief/agricultural-property-relief-and-business-property-relief-changes.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will define active farming for the purposes of proposed changes to Agricultural Property Relief, including whether this includes farmers who work in partnership with successors, or who have partially stepped back from physical labour.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and businesses, fixing the public finances, and funding public services. The reforms reduce the inheritance tax advantages available to owners of agricultural and business assets, but still mean 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 compared to the position before 1992. Where inheritance tax is due, those liable for a charge can pay any liability on the relevant assets over 10 annual instalments, interest-free.

As announced at Budget 2025, any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable between spouses and civil partners, including if the first death was before 6 April 2026.

There are no changes to the underlying qualifying criteria or definitions for agricultural property relief and business property relief. For example, the longstanding rules mean, in order to qualify for agricultural property relief, the property must normally be agricultural property and occupied for agricultural purposes, such as cultivation to produce food for human and animal consumption. More information can be found at www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm24060.

There is a difference between the total value of a farm and the amount being passed on at death. For example, a farm can be jointly owned by multiple people or family members, meaning each individual’s claim for tax relief can relate to less than the total value of the whole farm. This is explained in more detail in the letter from the then Exchequer to the Treasury to the Northern Ireland Affairs Committee in January 2025. This is available at https://committees.parliament.uk/publications/46267/documents/232537/default/.

Information from claims is not recorded to enable regional or national breakdowns of the number of estates expected to be affected. However, the Government has set out that the reforms are expected to result in up to 375 estates across the UK claiming agricultural property relief, including those also claiming business property relief, paying more inheritance tax in 2026-27. This is a reduction from up to 520 estates forecast to pay more at Autumn Budget 2024. 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 the changes in 2026-27, based on the latest available data.

A report by the independent Centre for the Analysis of Taxation (CenTax) published in August 2025, prior to the announcement at Budget 2025, concluded that half of the estates paying more would see an increase in their effective inheritance tax rate of less than 5 percentage points, and 86 per cent of these estates could pay their entire inheritance tax bill out of non-farm assets.

An updated tax information and impact note was published alongside Budget 2025 on 26 November 2025. This explains that the measure is not expected to have a material impact on food security or have a significant macroeconomic impact. It is available at www.gov.uk/government/publications/changes-to-agricultural-property-relief-and-business-property-relief/agricultural-property-relief-and-business-property-relief-changes.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the proposed changes to Agricultural Property Relief on the economic viability of small and medium-sized farm, including farms of around 110 acres in size in Northern Ireland.

Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)

The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and businesses, fixing the public finances, and funding public services. The reforms reduce the inheritance tax advantages available to owners of agricultural and business assets, but still mean 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 compared to the position before 1992. Where inheritance tax is due, those liable for a charge can pay any liability on the relevant assets over 10 annual instalments, interest-free.

As announced at Budget 2025, any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable between spouses and civil partners, including if the first death was before 6 April 2026.

There are no changes to the underlying qualifying criteria or definitions for agricultural property relief and business property relief. For example, the longstanding rules mean, in order to qualify for agricultural property relief, the property must normally be agricultural property and occupied for agricultural purposes, such as cultivation to produce food for human and animal consumption. More information can be found at www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm24060.

There is a difference between the total value of a farm and the amount being passed on at death. For example, a farm can be jointly owned by multiple people or family members, meaning each individual’s claim for tax relief can relate to less than the total value of the whole farm. This is explained in more detail in the letter from the then Exchequer to the Treasury to the Northern Ireland Affairs Committee in January 2025. This is available at https://committees.parliament.uk/publications/46267/documents/232537/default/.

Information from claims is not recorded to enable regional or national breakdowns of the number of estates expected to be affected. However, the Government has set out that the reforms are expected to result in up to 375 estates across the UK claiming agricultural property relief, including those also claiming business property relief, paying more inheritance tax in 2026-27. This is a reduction from up to 520 estates forecast to pay more at Autumn Budget 2024. 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 the changes in 2026-27, based on the latest available data.

A report by the independent Centre for the Analysis of Taxation (CenTax) published in August 2025, prior to the announcement at Budget 2025, concluded that half of the estates paying more would see an increase in their effective inheritance tax rate of less than 5 percentage points, and 86 per cent of these estates could pay their entire inheritance tax bill out of non-farm assets.

An updated tax information and impact note was published alongside Budget 2025 on 26 November 2025. This explains that the measure is not expected to have a material impact on food security or have a significant macroeconomic impact. It is available at www.gov.uk/government/publications/changes-to-agricultural-property-relief-and-business-property-relief/agricultural-property-relief-and-business-property-relief-changes.

Found: Please note that approval for these liabilities has been sought retrospectively from HM Treasury, as

Found: National Savings and Investments, National Savings and Investments, HM Treasury, HM Treasury, and HM

Found: .  Establish escalation routes with HM Treasury and Cabinet Office for emergency procurement if required

Found: I recommend that HM Treasury (HMT) and NS&I adopt a transparent performance framework that includes:

Found: allow FCDO to provide funding to British International Investments as Capital AME in line with HM Treasury

Found: However, the FSA has received assurances from HM Treasury that will allow us to divert further resources

Found: Letter from the Permanent Secretary at HM Treasury relating to the Committee’s recommendations of its

Found: The Programme will safeguard the long-term ability of NS&I to provide HM Treasury with a vital source

Found: Authority (NDA), the Department for Energy Security and Net Zero (DESNZ), and His Majesty’s Treasury (HMT

Found: Cabinet Office, Cabinet Office, HM Treasury, and Department for Energy Security and Net Zero Oral Evidence

Found: Within the Strategy’s technical annex we have: 1 https://www.gov.uk/government/publications/hm-treasury-areas-of-research-interest

Found: (HM Treasury, 2025a) In an international comparison, which uses slightly different definitions, UK’s

Found: Regulatory Reform and the Limitations of a Supply-Side Approach 4.1 Recent initiatives from HM Treasury

Found: HM Treasury, The Economics of Biodiversity The Dasgupta Review: Headline Messages, February 2021 2.

Found: Departments need practical support from HM Treasury and the Government Finance Function to improve skills

Found: Letter from the Exchequer Secretary, HM Treasury relating to electric vehicles charging bays and business

Found: @parliament.uk www.parliament.uk/lords Lord Livermore Financial Secretary to the Treasury HM Treasury

Found: Owner: HM Treasury (HMT)/DBT with RPC; Horizon: methods agreed within 6 months; first annual report

Found: Public Accounts (PAC)’s inquiry into the Whole of Government Accounts (WGA) 2023/24 published by HM Treasury

Found: HM Treasury consolidated 280 entities on unaudited data and did not consolidate 201 entities that failed

Found: 2024-25 sufficiently before the summer 2026 recess so that the Committee’s annual meeting with HM Treasury

Found: Work is urgently needed to be carried out by HM Treasury to quantify this liability but it is foreseen

Found: HM Treasury, HM Treasury, HM Treasury, Ministry of Housing, Communities and Local Government, and Ministry

Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, whether his Department has recently proposed measures to ensure that fines against NHS trusts are ringfenced for spending on health matters.

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

The Care Quality Commission (CQC) has criminal enforcement powers to fine a health or social care provider where they identify a breach of regulations. The CQC can directly serve a fixed penalty notice to a provider, or a fine may be issued by the court following prosecution brought by the CQC.

Any fixed penalty paid to the CQC is not retained but must be passed on by the CQC to my Rt Hon. Friend, the Secretary of State for Health and Social Care. The CQC transfers the penalties received to the Department on a quarterly basis.

The size of the fine following prosecutions brought by the CQC is a decision made by the court and is informed by sentencing guidelines. The CQC does not have influence over this decision. The money raised by court fines is paid to HM Treasury.

The Department has not recently proposed any measures to change this.

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what his timeline is for launching the proposed framework to scrutinise additional costs and levies on consumer energy bills.

Answered by Martin McCluskey - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

At the budget, the Chancellor agreed to subject any additional costs, including new levies, to enhanced scrutiny under a new framework to ensure they are affordable, represent value for money and do not impose unnecessary costs on households and businesses. The development of this new framework is underway with HM Treasury and we will provide an update in due course.

Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, with reference to page 132 of the Cabinet Office Annual report and accounts 2024-2025, published on 23 October 2025, for what reason his Department retained £90 million of dividends and returned £71 million of dividends to HM Treasury from the Crown Commercial Service.

Answered by Chris Ward - Parliamentary Secretary (Cabinet Office)

In the spending review 2021, HM Treasury agreed that dividends received from Crown Commercial Service were to be returned to HMT and would be compensated with an annual reserve claim of up to £71 million.

In the Autumn Budget 2024, HMT approved that in 2024-25, in addition to the annual reserve claim, the Cabinet Office may retain up to £196 million in income from dividends from the Crown Commercial Service.

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether the Welsh Government will receive Barnett consequentials from the Warm Homes Plan.

Answered by Martin McCluskey - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

Calculating Barnett consequentials of the Government's spending commitments is the responsibility of HM Treasury.

At almost £15 billion, the Warm Homes Plan is the single biggest public investment programme in energy efficiency in UK history. The Treasury has not yet confirmed the total Barnett consequential nor the specific appointment for Wales. More details on the Warm Homes Plan will be published soon.

As issues of energy efficiency, fuel poverty and heat are largely devolved Scotland, Wales and Northern Ireland have specific Net Zero strategies. We work closely with our counterparts in the Devolved Governments to ensure our strategies align.

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, when he plans to publish an Equality Impact Assessment for changes to the Motability scheme.

Answered by Stephen Timms - Minister of State (Department for Work and Pensions)

The Motability Scheme is a lifeline for many disabled people and families, supporting their independence by enabling them to lease a car, wheelchair accessible vehicle, scooter or powered wheelchair in exchange for an eligible disability benefit allowance.

The government announced a package of reforms to the Motability Scheme at Autumn Budget 2025, which will ensure the scheme delivers value for money for the taxpayer, while continuing to support disabled people.

An Equality Impact Assessment was undertaken and published by HMT as part of the Autumn Budget and can be found here: Motability Scheme: reforming tax reliefs - GOV.UK

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 3 December 2025 to Question 94583 on Public Bodies: Fines, how much revenue has been generated for (a) the consolidated fund and (b) enforcing bodies due to fines against NHS trusts since 2020.

Answered by Zubir Ahmed - Parliamentary Under-Secretary (Department of Health and Social Care)

The Care Quality Commission (CQC) has criminal enforcement powers to fine a health or social care provider where they identify a breach of regulations. The CQC can directly serve a fixed penalty notice to a provider, or a fine may be issued by the court following prosecution brought by the CQC.

No fines as a result of CQC enforcement activity are retained by the CQC. Any fixed penalty paid to the CQC is not retained but must be passed on by the CQC to my Rt Hon. Friend, the Secretary of State for Health and Social Care. The CQC transfers the penalties received to the Department of Health and Social Care on a quarterly basis.  The money raised by court fines is paid to HM Treasury.

The following table shows the fines served by the court following prosecution brought by the CQC against National Health Service trusts since 2020:

Note: where an NHS trust is fined more than once in a given fiscal year, the fines relate to individual cases.

Question to the Department for Transport:

To ask the Secretary of State for Transport, pursuant to the oral Answer of 20 November 2025, Official Report, Column 834, on Motorists, and further to the point of order of 25 November 2025, Official report, Column 261, on what date was she first aware of the proposal to introduce a national pay-per-mile Electric Vehicle Excise Duty scheme in the Budget 2025.

Answered by Keir Mather - Parliamentary Under-Secretary (Department for Transport)

The Secretary of State has regular discussions with HM Treasury ministers about a range of topics, but final tax decisions are for the Chancellor of the Exchequer to make and are announced at the Budget.

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether his Department plans to establish metrics to monitor the effectiveness of the Government’s scale-up interventions.

Answered by Blair McDougall - Parliamentary Under Secretary of State (Department for Business and Trade)

Monitoring and evaluation are an important way of identifying lessons that can be learnt to improve both the design and delivery of future interventions. Consistent with HMT guidance, we will establish metrics and proportionate monitoring and evaluation provisions for DBT’s scale-up interventions.

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 2 December 2025 to Question 87411 on NHS England: Redundancy, what proportion of the £860 million will be spent in each financial year.

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

The £860 million figure reflects funding brought forward from the Department’s 2025 Spending Review settlement. It will be brought forward to earlier years to bring NHS England into the Department, resulting in one organisation, and significantly reducing integrated care board running costs. This investment now will deliver savings of at least £1 billion per year by the end of this Parliament. This reprofiling was agreed following detailed discussions with HM Treasury and was announced at the Budget in November 2025.

The cost estimates to support this reprofiling were calculated jointly by the Department and NHS England’s finance teams, with input from subject matter experts. The calculations remain subject to ongoing policy development and refinement as part of wider transformation planning and prioritisation. Relevant material financial information will be published in due course in line with transparency obligations.

The profile by financial year has been published by HM Treasury within table 4.1, page 90, line 38 of the 2025 Budget policy paper, a copy of which is attached. It should be noted that these figures represent United Kingdom-wide allocations informed by the Barnett formula, rather than the England-only value referenced in the question.

Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, pursuant to question 87411, if he will publish the calculations for the figure of £860 million.

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

The £860 million figure reflects funding brought forward from the Department’s 2025 Spending Review settlement. It will be brought forward to earlier years to bring NHS England into the Department, resulting in one organisation, and significantly reducing integrated care board running costs. This investment now will deliver savings of at least £1 billion per year by the end of this Parliament. This reprofiling was agreed following detailed discussions with HM Treasury and was announced at the Budget in November 2025.

The cost estimates to support this reprofiling were calculated jointly by the Department and NHS England’s finance teams, with input from subject matter experts. The calculations remain subject to ongoing policy development and refinement as part of wider transformation planning and prioritisation. Relevant material financial information will be published in due course in line with transparency obligations.

The profile by financial year has been published by HM Treasury within table 4.1, page 90, line 38 of the 2025 Budget policy paper, a copy of which is attached. It should be noted that these figures represent United Kingdom-wide allocations informed by the Barnett formula, rather than the England-only value referenced in the question.

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment his Department has made of the potential impact of recent changes to the Motability scheme, including the removal of certain vehicle brands, the introduction of VAT on advance payments and Insurance Premium Tax on scheme insurance, and operational changes to breakdown cover and mileage allowances, on disabled people’s access to suitable vehicles; and if he will publish the estimated cost savings arising from each change, the criteria used to determine which vehicle categories were removed, and which Ministers approved these decisions.

Answered by Stephen Timms - Minister of State (Department for Work and Pensions)

We are protecting the taxpayer through changes to the Motability scheme, ensuring it supports disabled people whilst delivering efficient use of taxpayers’ money. This includes the removal of some luxury vehicles from the leasing scheme while maintaining a range of vehicles to support disabled people. Tax changes will not impact vehicles substantially adapted for wheelchair users, or existing leases, and Motability will continue to provide vehicles at no additional cost to the value of eligible disability benefits.

Decisions on tax were made in the usual way by HM Treasury ministers, in close consultation with DWP Ministers and based on extensive advice with due consideration of equalities impacts. Estimated cost savings were published in the budget documentation: Motability Scheme: reforming tax reliefs - GOV.UK

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what discussions she has had with HM Treasury on the potential merits of ringfencing funding received from fines levied on tech platforms by Ofcom under the Online Safety Act to fund specialist violence against women and girls support services, specifically for ‘by and for’ led services.

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

Under the Online Safety Act, any fines collected by Ofcom must be paid into the Consolidated Fund and any subsequent allocation of funds would then be a matter for HM Treasury. It is worth noting that fine income is inherently unpredictable and therefore may not be an appropriate or sustainable way to directly fund initiatives.

Found: et al, ‘Chancellor vows ‘big bang on growth’ to boost investment and savings’, 20 July 2024. 8 HM Treasury

Found: 2013, HC 1033 (PDF) March 2013 para 2.71 3 Autumn Statement, CP8747, November 2013 para 2.60; HM Treasury

Found: See also the announcement of the decision in HM Treasury, Business Rates Review: final report, October

Found: programme) and the everyday cost of resources such as staff. 2 AME relates to spending set by HM Treasury

Found: Industrial Strategy The Industrial Strategy, launched in June 2025 and co-led by DBT and HM Treasury,

Found: DVSA has approval from DfT and HM Treasury to implement a new booking system expected to be rolled out

Found: DVSA has approval from DfT and HM Treasury to implement a new booking system expected to be rolled out

Found: progress Scheduled: Spring 2026 Topics: Royal Household, Society and culture Departments: HM Treasury

Found: As with all departments, HM Treasury, within an overall budget, sets the MoD separate annual budgets

Found: reported findings directly to the Bank’s Audit and Risk Committee. 13 Government Finance Function and HM Treasury

Found: have been properly prepared in accordance with the Government Resources and Accounts Act 2000 and HM Treasury

Found: employees of other central banks, financial institutions and finance ministries to undertake a work HM Treasury

Found: The Carbon Support Price is the price (expressed in £/tCO₂) as published by HM Treasury pursuant to

Found: Auditor General, their staff and/or any appointed representatives of the National Audit Office; (d) HM Treasury

Found: Auditor General, their staff and/or any appointed representatives of the National Audit Office; (d) HM Treasury

Found: included a consideration, in line with the Magenta Book Central Government guidance on evaluation (HM Treasury

Found: Wilkinson, H. (2020) Magenta book 2020 supplementary guide: Handling complexity in policy evaluation HM Treasury

Found: HM Treasury. 8 The University of Sheffield (no date) ReQoL Recovering Quality of Life – Interpretation

Found: whereby the intervention will rarely be the sole cause of an observed change (Byrne, 2013 and HM Treasury

Found: GP: Medical general practitioner HMT: His Majesty’s Treasury LGBTQ: The lesbian, gay, bisexual,

Found: $M$10:$P$43,4,0)),"")Wellbeing Guidance for Appraisal: Supplementary Green Book Guidance (HM Treasury

Found: The approach adopted should be consistent with that outlined in HM Treasury Supplementary Green Book

Found: The total amount accrued is adjusted annually in line with a rate set by His Majesty’s Treasury (HMT

Found: Statement of Balances 22 Notes to the Account 23 Annex – Accounts Direction given by HM Treasury

Found: Department for Business & Trade Department for Business & Trade 11/03/2025 CL - Cash CFERs paid over to HMT

Found: govuk-table__cell">11/03/2025

Found: SAURABH BHANDARI 2025-07-29 2025-07-29 PARKING AND TRAVEL TO/FROM LONDON FOR IN PERSON WORKSHOP WITH HMT

Found:

Found: class="govuk-table__cell">2025-08-19

Found: Newcastle; UK Train Standard 118.4 N/A N/A 118.4 Thomas Ridge 2025-08-18 2025-08-19 Meeting with HM Treasury

Found: /08/2025

Found: £109.80 N/A N/A £109.80 Alan Over 06/08/2025 06/08/2025 Northern Powerhouse Coordination with HM Treasury

Found: govuk-template--rebranded" lang="en">