Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many farms were subject to inheritance tax in Faversham and Mid Kent constituency in the (a) 2019-20, (b) 2020-21 and (c) 2021-22 financial year.
Answered by James Murray - Chief Secretary to the Treasury
Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died. Farmland and farming assets are not the unit of taxation, although some taxpaying estates may contain farmland and farming assets.
Information about how many estates overall in the Faversham and Mid Kent constituency were estimated to be subject to Inheritance Tax in 2019-20, 2020-21 and 2021-22 are published online in HMRC’s Inheritance Tax liabilities statistics, in Table 12.9: https://www.gov.uk/government/statistics/inheritance-tax-liabilities-statistics.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of the Autumn Budget 2024 on jobs.
Answered by James Murray - Chief Secretary to the Treasury
The Office for Budget Responsibility’s October 2024 forecast, which takes into account impacts from policy measures announced in the Budget, expects the employment level to increase from 33.1 million in 2024 to 34.3 million in 2029.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of the increase in employers’ National Insurance contributions announced the Autumn Budget 2024 on jobs.
Answered by James Murray - Chief Secretary to the Treasury
The Office for Budget Responsibility’s October 2024 Economic and Fiscal Outlook expects that the Employer National Insurance Contributions package will lead to a reduction in the participation rate by 0.1 per cent from 2025-26 onwards. Overall, once the impact of all the Budget measures are taken into consideration, the OBR expect the employment level to increase from 33.1 million in 2024 to 34.3 million in 2029.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will increase fuel duty rates.
Answered by James Murray - Chief Secretary to the Treasury
Revenue from motoring taxes and associated VAT ensures that the Government can continue to fund the vital public services and infrastructure that people and families across the UK expect.
Following the spending audit, the Chancellor has been clear that difficult decisions lie ahead on spending, welfare and tax to fix the foundations of our economy and address the £22 billion hole the government has inherited. Decisions on how to do that will be taken at the Budget in the round; the Chancellor makes decisions on tax policy at fiscal events.
The Government continuously reviews the tax system to ensure that it raises revenue in a way that supports growth. This involves considering representations from a range of stakeholders on various taxes and tax issues, including motoring taxes.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has undertaken literature reviews on the subject of vehicle excise duty.
Answered by James Murray - Chief Secretary to the Treasury
Vehicle Excise Duty (VED) is a tax on car ownership. The tax system encourages the uptake of cars with low carbon dioxide (CO2) emissions to help meet the UK’s legally binding climate change targets. Cars first registered between 1 March 2001 and 31 March 2017 pay VED annually according to CO2 emissions. From 1 April 2017, a reformed VED system was introduced for new cars. Under the reformed VED system, zero emission models currently pay nothing on first registration, whilst the most polluting pay over £2,600. In subsequent years, most cars move to a standard rate, currently set at an annual rate of £190. However from April 2025, electric cars will begin to pay VED in the same way as petrol and diesel vehicles, whilst an incentive is maintained for electric cars at the point of purchase.
Revenue from motoring taxes helps ensure we can continue to fund the vital public services and infrastructure that people and families across the UK expect. The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. As with all taxes, the Government welcomes representations from the public on how the tax system can be improved.
Following the spending audit, the Chancellor has been clear that difficult decisions lie ahead on spending, welfare and tax to fix the foundations of our economy and address the £22 billion hole the government has inherited. Decisions on how to do that will be taken at the Budget in the round.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will increase any of the banded rates of vehicle excise duty.
Answered by James Murray - Chief Secretary to the Treasury
Vehicle Excise Duty (VED) is a tax on car ownership. The tax system encourages the uptake of cars with low carbon dioxide (CO2) emissions to help meet the UK’s legally binding climate change targets. Cars first registered between 1 March 2001 and 31 March 2017 pay VED annually according to CO2 emissions. From 1 April 2017, a reformed VED system was introduced for new cars. Under the reformed VED system, zero emission models currently pay nothing on first registration, whilst the most polluting pay over £2,600. In subsequent years, most cars move to a standard rate, currently set at an annual rate of £190. However from April 2025, electric cars will begin to pay VED in the same way as petrol and diesel vehicles, whilst an incentive is maintained for electric cars at the point of purchase.
Revenue from motoring taxes helps ensure we can continue to fund the vital public services and infrastructure that people and families across the UK expect. The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. As with all taxes, the Government welcomes representations from the public on how the tax system can be improved.
Following the spending audit, the Chancellor has been clear that difficult decisions lie ahead on spending, welfare and tax to fix the foundations of our economy and address the £22 billion hole the government has inherited. Decisions on how to do that will be taken at the Budget in the round.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will increase the standard rate of vehicle excise duty.
Answered by James Murray - Chief Secretary to the Treasury
Vehicle Excise Duty (VED) is a tax on car ownership. The tax system encourages the uptake of cars with low carbon dioxide (CO2) emissions to help meet the UK’s legally binding climate change targets. Cars first registered between 1 March 2001 and 31 March 2017 pay VED annually according to CO2 emissions. From 1 April 2017, a reformed VED system was introduced for new cars. Under the reformed VED system, zero emission models currently pay nothing on first registration, whilst the most polluting pay over £2,600. In subsequent years, most cars move to a standard rate, currently set at an annual rate of £190. However from April 2025, electric cars will begin to pay VED in the same way as petrol and diesel vehicles, whilst an incentive is maintained for electric cars at the point of purchase.
Revenue from motoring taxes helps ensure we can continue to fund the vital public services and infrastructure that people and families across the UK expect. The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. As with all taxes, the Government welcomes representations from the public on how the tax system can be improved.
Following the spending audit, the Chancellor has been clear that difficult decisions lie ahead on spending, welfare and tax to fix the foundations of our economy and address the £22 billion hole the government has inherited. Decisions on how to do that will be taken at the Budget in the round.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential merits of adjustments to domestic aviation duty.
Answered by James Murray - Chief Secretary to the Treasury
Air Passenger Duty (APD) exists to ensure that aviation makes a fair contribution to the public finances and applies to UK-departing flights.
Reforms to APD took effect in April 2023. These included the introduction of the new domestic band for domestic flights, initially set at half the rate for short-haul international flights (except for larger private jets). The domestic band applies to all flights between airports in England, Scotland, Wales and Northern Ireland and for 2024/25 is set at £7 for economy passengers.
These reforms also introduced a new ultra long-haul band covering flights that are greater than 5,500 miles from London. This ensures that those who fly furthest, and have the greatest impact on emissions, incur the greatest duty.
The Government keeps all tax policy under review. The Chancellor makes decisions on tax policy in the round at fiscal events in the context of public finances and any changes will be announced at Budget.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she has received recent representations on the potential merits of increasing fuel duty.
Answered by James Murray - Chief Secretary to the Treasury
Revenue from motoring taxes and associated VAT ensures that the Government can continue to fund the vital public services and infrastructure that people and families across the UK expect.
Following the spending audit, the Chancellor has been clear that difficult decisions lie ahead on spending, welfare and tax to fix the foundations of our economy and address the £22 billion hole the government has inherited. Decisions on how to do that will be taken at the Budget in the round; the Chancellor makes decisions on tax policy at fiscal events.
The Government continuously reviews the tax system to ensure that it raises revenue in a way that supports growth. This involves considering representations from a range of stakeholders on various taxes and tax issues, including motoring taxes.
Asked by: Helen Whately (Conservative - Faversham and Mid Kent)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether she has received recent representations on the potential merits of introducing a national pay-per-mile road tax.
Answered by James Murray - Chief Secretary to the Treasury
Revenue from motoring taxes and associated VAT ensures that the Government can continue to fund the vital public services and infrastructure that people and families across the UK expect.
Following the spending audit, the Chancellor has been clear that difficult decisions lie ahead on spending, welfare and tax to fix the foundations of our economy and address the £22 billion hole the government has inherited. Decisions on how to do that will be taken at the Budget in the round; the Chancellor makes decisions on tax policy at fiscal events.
The Government continuously reviews the tax system to ensure that it raises revenue in a way that supports growth. This involves considering representations from a range of stakeholders on various taxes and tax issues, including motoring taxes.