Asked by: Lisa Smart (Liberal Democrat - Hazel Grove)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when her Department will asses the impact of changes to income tax and national insurance, monitored through information collected from tax receipts, as referenced in Income Tax: Maintaining the Personal Allowance and the basic rate limit for Income Tax, and equivalent National Insurance contributions thresholds until 5 April 2031, published on 26 November 2025.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
HMRC monitor the receipts of all taxes monthly through the Tax receipt and National Insurance Contributions publication.
Revenue estimates from, and individuals impacted by, maintaining thresholds are set out by the Office for Budget Responsibility in their November 2025 Economic and fiscal outlook, and the detailed forecast table of receipts:
Office for Budget Responsibility – Economic and fiscal outlook – November 2025
Office for Budget Responsibility - Economic and fiscal outlook detailed forecast tables: receipts
Asked by: Roz Savage (Liberal Democrat - South Cotswolds)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what consideration is given within the business rates valuation methodology to the revenue-generating capacity and operating margins of community-focused leisure businesses, compared with warehousing, office space, and large-scale logistics operators.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
Rateable values reflect the rental value of a property at a set valuation date.
The valuation methodology used depends on the type of property, and the evidence available. The Valuation Office Agency use recognised valuation methods approved by the Royal Institution of Chartered Surveyors (RICS). These have been clarified and confirmed by decisions from the courts over many years.
Asked by: Roz Savage (Liberal Democrat - South Cotswolds)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment HM Treasury has made of the potential impact of Stamp Duty Land Tax surcharges on additional properties on levels of long-term participation in the private rented sector.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The Higher Rates for Additional Dwellings (HRAD) within Stamp Duty Land Tax (SDLT) ensure that those looking to purchase a first property or move home have an advantage over second home buyers, landlords and companies purchasing residential property.
Asked by: Juliet Campbell (Labour - Broxtowe)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the operational capacity of the National Insurance services team to tackle the number of A1 certificate applications; and when are processing times expected to return to the standard service level.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
HMRC recognises how important it is for customers to receive their A1 certificates promptly and is strengthening the service to support this. Additional National Insurance advisers are being trained to further increase capacity.
The service‑level agreement (SLA) for A1 certificates is to process 80% of online applications within 15 working days, and 80% of postal applications within 40 working days. HMRC has implemented a plan to stabilise performance and expects to meet its SLAs by the end of the tax year.
Customers are encouraged to apply online for A1 certificates, as online applications are quicker to deal with.
Asked by: Roz Savage (Liberal Democrat - South Cotswolds)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether HM Treasury has considered aligning Capital Gains Tax relief with longer-term rental commitments in order to support the stability objectives of the Renters’ Rights Act 2025.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
Tenant wellbeing is central to the Government’s recent Renters’ Rights Act, which will transform the experience of private renting, including by ending Section 21 ‘no fault’ evictions. The Act will give renters much greater security and stability so they can stay in their homes for longer.
Capital gains are taxed because they represent profits from the sale of capital assets, including second homes and buy-to-let properties, and it would be unfair to tax other sources of income but not capital gains.
Asked by: James Cleverly (Conservative - Braintree)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether granting of a planning permission for airport expansion, which has not yet been (a) started or (b) completed, would be deemed a material consideration in the business rates valuation of an airport by the Valuation Office Agency.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The Valuation Office Agency would not deem granting of planning permission for the physical expansion of an airport, which has not yet been (a) started or (b) completed, a material consideration in their valuation of that airport.
Asked by: James Cleverly (Conservative - Braintree)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether it is her policy to replace the business rates system.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The Government has already started the work of reforming our business rates system by introducing new permanently lower tax rates for eligible retail, hospitality and leisure (RHL) properties. These new tax rates are worth nearly £1 billion per year and will benefit over 750,000 properties.
The Government is also supporting small businesses to grow. At Budget, the Government announced the extension of Small Business Rates Relief (SBRR) so that businesses opening second premises can retain their SBRR for three years, tripling the current allowance.
The Call for Evidence, published at Budget, focuses on how reform of the business rates system can be used to incentivise and secure more investment by Britain’s businesses. This Call for Evidence builds on the findings of the Transforming Business Rates: Discussion Paper and asks stakeholders for more detailed evidence on how the business rates system influences investment decisions.
Any reforms taken forward will be phased over the course of the Parliament.
Asked by: Richard Holden (Conservative - Basildon and Billericay)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of (a) the abolition of non-dom status and (b) increases in levels of taxation on the retention of international shipowners in the UK; what estimate she has made of the number of shipowning individuals or companies that (i) have relocated and (ii) are considering relocating as a result of these changes; and what steps the Government is taking to ensure that the UK remains an attractive base for global shipping and maritime businesses.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The Government’s priority is improving the UK’s competitiveness internationally and securing economic growth. The reforms to the tax treatment of non-domiciled individuals have been specifically designed to make the UK competitive, with a modern, simple tax regime that is also fair. The reforms establish a tax regime for new residents which is more attractive to new arrivals than the current rules.
The introduction of a residence-based tax system is expected to raise £39.5bn by 2030-31 (as costed by the OBR last autumn), and the OBR have said that there is no firm evidence to change the estimated impact of the reforms on migration. As set out at Budget 2025, the Chancellor has been clear that she will continue to assess the regime to ensure it strikes the right balance, including on competitiveness.
The Government published a Tax Information and Impact Note for this policy on 30 October 2024, which can be found here: https://www.gov.uk/government/publications/tax-changes-for-non-uk-domiciled-individuals/reforming-the-taxation-of-non-uk-domiciled-individuals
Regarding global shipping and maritime businesses, the Government is maintaining the Tonnage Tax regime, introduced in 2000 to improve the competitiveness of the UK’s shipping industry. This is designed to make it easier for shipping companies to move to the UK and ensures they are not disadvantaged compared with firms operating in other countries.
Asked by: Jerome Mayhew (Conservative - Broadland and Fakenham)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 3 February 2026 to Question 109207, whether she plans to publish a breakdown of UK Emissions Trading Scheme receipts derived from maritime emissions alongside Government expenditure supporting maritime decarbonisation.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
Receipts from the UK ETS derive from the sale of UK ETS allowances at fortnightly auctions at the prevailing market price. The OBR have estimated 2024-25 receipts to be £3.4bn. ETS operators can buy and sell allowances – including free allocation - on the secondary market at any time. As such it is not possible to break down ETS receipts by sector.
Asked by: James Cleverly (Conservative - Braintree)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the answer of 20 January 2026 to Question 105303 on Business Rates: Valuation, on what dates were the summaries of the effect of the 2026 revaluation provided by the VOA to her Department.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
The VOA is responsible for valuing non-domestic property for business rates purposes. They are required by law to compile and maintain up-to-date rating lists for non-domestic properties in England and Wales, impartially and independent of central government.
On 1 April 2024, the VOA began the process of revaluing over 2.1 million non-domestic properties for the 2026 Revaluation. HM Treasury does not receive the full ratings list owing to taxpayer confidentiality.
The Treasury worked closely with the Ministry for Housing, Communities and Local Government before Budget once the VOA shared the results of the changes in rateable values. That is why the Government introduced a support package at Budget worth £4.3 billion, to protect ratepayers seeing large bill increases. The VOA published its draft 2026 rateable values on gov.uk on 26 November 2025.