Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received capital gains tax relief for the Venture Capital Trusts in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
HM Revenue and Customs (HMRC) does not hold information on the number of people receiving capital gains tax (CGT) relief for Venture Capital Trusts and the Seed Enterprise Investment Scheme.
Estimates of the cost of the CGT relief element are published annually within the Principal and Minor tax reliefs statistics publications. The latest publications are available to view at: https://www.gov.uk/government/collections/tax-relief-statistics.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received capital gains tax relief for the Seed Enterprise Investment Scheme in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
HM Revenue and Customs (HMRC) does not hold information on the number of people receiving capital gains tax (CGT) relief for Venture Capital Trusts and the Seed Enterprise Investment Scheme.
Estimates of the cost of the CGT relief element are published annually within the Principal and Minor tax reliefs statistics publications. The latest publications are available to view at: https://www.gov.uk/government/collections/tax-relief-statistics.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received the cross field allowance for petroleum revenue tax relief in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
Only companies are able to claim cross field allowance for petroleum revenue tax relief. Fewer than ten companies claimed the relief in each of 2013-14 and 2014-15.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received national insurance contributions relief for employer contributions to registered pensions schemes in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
The estimated cost to the Exchequer from employer pension contributions not being subject to employee and employer National Insurance is included in HM Revenue and Customs’ (HMRC’s) National Statistics publication, and is available to view here: https://www.gov.uk/government/statistics/registered-pension-schemes-cost-of-tax-relief.
The requested information is not reported to HMRC.
Information on private pension membership is published by the Office for National Statistics here: https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/pensionssavingsandinvestments.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received the acquisition relief from stamp duty land tax in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
Information on the number of people and businesses that received acquisition relief in 2013-14 and 2014-15 cannot be provided due to the small numbers involved. Providing this information would risk breaching HM Revenue and Customs’ taxpayer confidentiality principles.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received national insurance contributions relief for Save As You Earn in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
The number of people receiving national insurance contributions relief through approved Save As You Earn (SAYE) share option schemes in 2013-14 was estimated to be 170,000.
The number of businesses receiving national insurance contributions relief through SAYE share option schemes in 2013-14 was estimated to be 310.
Data for 2014-15 is not currently available.
National Statistics are published for approved employee share schemes. The latest statistics for SAYE share option schemes can be found at:
https://www.gov.uk/government/statistics/save-as-you-earn-share-option-schemes.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses claimed lower profits limit on national insurance contributions in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
The lower profits limit on National Insurance is automatically applied to an individual’s self-employment profits. The number of individuals benefiting from this 0% National Insurance contributions band is estimated to be around 3.9 million people in 2013-14 and it is projected to be 4 million people in 2014-15. The lower profits limit is applied to an individual’s total self-employment profits and therefore an estimate of the number of businesses benefitting is not available.
These estimates are based on the 2013-14 Survey of Personal Incomes, projected to 2014-15 using economic assumptions consistent with the Office for Budget Responsibility’s November 2016 economic and fiscal outlook.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received national insurance contributions relief for approved company share option plans in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
The number of people that received National Insurance contributions relief through approved Company Share Option Plans (CSOP) in 2013-14 was estimated to be 35,000.
The number of businesses that received National Insurance contributions relief through approved CSOP in 2013-14 was estimated to be 450.
Data for 2014-15 is not currently available.
National Statistics are published for approved employee share schemes. The latest statistics for CSOP can be found at:
https://www.gov.uk/government/statistics/company-share-option-plans.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received petroleum revenue tax relief for exploration and appraisal expenditure in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
Only companies are able to claim petroleum revenue tax relief for exploration and appraisal expenditure. Fewer than ten companies claimed the relief in each of 2013-14 and 2014-15.
Asked by: Rebecca Long Bailey (Labour - Salford and Eccles)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) businesses received national insurance contributions relief for employer supported childcare including workplace nurseries in (i) 2013-14 and (ii) 2014-15.
Answered by Jane Ellison
It is estimated that, during 2013-14, an average of 680,000 employees received National Insurance relief for the three forms of employer-supported childcare. The corresponding estimate for 2014-15 is 740,000.
Estimates for the corresponding number of businesses are not available.