Asked by: Chris Bryant (Labour - Rhondda)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 2.109 in Autumn Statement 2014, what estimate he has made of the cost of VAT refunds for the London Legacy Development Corporation in each year to 2019-20.
Answered by David Gauke
Providing London Legacy Development Corporation (LLDC) with VAT refunds in years 2015-16 to 2019-20 is expected to have a negligible impact on the Exchequer
Asked by: Chris Bryant (Labour - Rhondda)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to pages 132 and 137 of the National Infrastructure Plan 2014, for what reasons none of the communications Top 40 priority investments were rated as innovative or novel and could improve future delivery or enabling significant private sector investment.
Answered by Danny Alexander
The Government sets out its Top 40 priority infrastructure investments, to support the delivery of its objectives in each sector.
The selection criteria published in the National Infrastructure Plan 2014 are considered the most relevant for the four communications investments listed and are significant enough to merit the inclusion of these investments within the Top 40. In some cases the projects and programmes are expected to have wider benefits which mean they also deliver against other criteria, such as unlocking private investment.
Asked by: Chris Bryant (Labour - Rhondda)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 2.96 of Autumn Statement 2014, how and when the Government plans to consult on an orchestra tax relief.
Answered by David Gauke
As announced at Autumn Statement 2014, the government will consult on a new tax relief for orchestras in early 2015. The government will publish a consultation document early next year.
Asked by: Chris Bryant (Labour - Rhondda)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 2.94 in Autumn Statement 2014, how and when the Government plans to explore with industry whether to change high-end TV tax relief.
Answered by David Gauke
The government will explore changing the high-end TV tax relief to bring its rules in line with those of the film tax relief. This would involve reducing the minimum UK expenditure requirement and modernising the cultural test. An informal consultation will take place early next year to evaluate the impact of the proposed changes.