Asked by: Baroness Sherlock (Labour - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government, relative to the caseload in financial year 2022–23, what estimate they have made of the additional tax revenue that will be raised from individuals who are both in employment and receiving benefits as a result of freezing the personal tax allowance in the financial years (1) 2023–24, (2) 2024–25, (3) 2025–26, (4) 2026–27, and (5) 2027–8.
Answered by Baroness Penn - Minister on Leave (Parliamentary Under Secretary of State)
An estimate of the revenue raised from individuals who are both in employment and receiving benefits could only be answered at disproportionate cost.
The estimated Exchequer impacts of changes to tax thresholds are set out in respective Policy Costing documents. Impacts of Autumn Statement 2022 policies can be found in the Autumn Statement 2022 Policy Costing document.
Asked by: Baroness Sherlock (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government whether there is any process in place to speed up the provision of tax rebates to people whose income has been affected by COVID-19.
Answered by Lord Agnew of Oulton
HMRC does not have a process to identify customers whose income has been affected by Covid-19 and speed up tax rebates to them. HMRC seeks to return all identified tax rebates to all customers as quickly as possible.
Asked by: Baroness Sherlock (Labour - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government how many couple households in the UK were in receipt of tax credits; and in how many of those households both partners were in paid work for at least 16 hours per week, in (1) 2014–15, (2) 2015–16, and (3) 2016–17.
Answered by Lord Bates
In 2014-15, there were 1,971,000 couple households in receipt of tax credits and 1,902,000 in 2015-16. Finalised awards data for 2016-17 is not yet available.
Information on the number of hours worked by both partners is not readily available from the finalised annual awards data, and could be provided only at disproportionate cost.