Asked by: Patricia Ferguson (Labour - Glasgow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will (a) review and (b) update the Overseas Scale Rates.
Answered by James Murray - Exchequer Secretary (HM Treasury)
As with all taxes and allowances, the Government keeps flat rates expenses, including Overseas Scale Rates, under review.
Any decisions on future changes in this area will be taken in the context of the wider public finances.
Asked by: Patricia Ferguson (Labour - Glasgow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what guidance her Department will issue to non-agricultural businesses on the changes to Inheritance Tax announced in the Autumn Budget 2024.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The Government published information about the reforms to agricultural property relief and business property relief at www.gov.uk/government/publications/agricultural-property-relief-and-business-property-relief-reforms.
As with other tax changes, HM Revenue and Customs will update its guidance in due course in the usual way.