Asked by: Bob Blackman (Conservative - Harrow East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether BTR developments will be affected by the Residential Property Developer Tax in the event that such developments are transferred or sold within a group for accounting purposes.
Answered by Lucy Frazer
The Residential Property Developer Tax will apply to companies that make trading profits from residential property development activities and are part of a group that is generating relevant profits in excess of £25 million.
This means the tax will not apply to companies that construct properties to hold as investments.
It will, however, apply to companies that make trading profits from selling residential property, including where the purchaser is a member of the same group or is acquiring the property for investment purposes.
As with all other taxes, the Government will keep this under review.
Asked by: Bob Blackman (Conservative - Harrow East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the business rate reduction for the (a) retail, (b) leisure and (c) hospitality sectors announced in the Autumn Budget and Spending Review 2021 will apply to the leisure marine industry.
Answered by Lucy Frazer
Guidance setting out eligibility for the 2022-23 retail, hospitality and leisure relief will be published by the Department for Levelling Up, Housing and Communities in due course.
Asked by: Bob Blackman (Conservative - Harrow East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the business rate cut for retail, leisure and hospitality sectors announced in the Budget applies to the leisure marine industry.
Answered by Lucy Frazer
Guidance setting out eligibility for the 2022-23 retail, hospitality and leisure relief will be published by the Department for Levelling Up, Housing and Communities in due course.
Asked by: Bob Blackman (Conservative - Harrow East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 7 June 2021 to Question 8586 on Equitable Life Assurance Society, what information he holds on whether any records relating to the Equitable Life Payments Scheme other than those needed to (a) ensure the accuracy of ongoing payments and (b) respond to queries in relation to payments that have already been made have been destroyed.
Answered by John Glen
I refer the Honourable Member for Harrow East to the Permanent Secretary to the Treasury’s letter of 24 May 2021 to the Public Accounts Committee. This is available at: committees.parliament.uk/publications/6221/documents/69032/default/
Asked by: Bob Blackman (Conservative - Harrow East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what information he holds on whether Capita has destroyed any of the archived historic personal and payment data transferred to it by NS&I on the 895,000 non-WPA Equitable Life policyholders who received payments from the Equitable Life Policy Scheme for 22.4 per cent of their losses.
Answered by John Glen
I refer the Honourable Member for Harrow East to the Permanent Secretary to the Treasury’s letter of 24 May 2021 to the Public Accounts Committee. This is available at: committees.parliament.uk/publications/6221/documents/69032/default/
Asked by: Bob Blackman (Conservative - Harrow East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 April 2021 to Question 187376 on Equitable Life Assurance Society, whether his Department (a) holds data relating to the Equitable Life Payments Scheme for purposes other than ongoing payments to annuitants and (b) has previously held such data.
Answered by John Glen
As I assured the House on 27 April 2021, there has been no change in the Treasury’s position. The relevant records – that is, those needed to ensure the accuracy of ongoing payments, and to respond to queries in relation to payments that have already been made – are retained and will continue to be, as long as it is legal to do so. There are no plans to destroy records.