Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many (a) basic, (b) higher and (c) additional rate taxpayers there were in Richmond Park constituency in the most recent financial year for which data is available.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC’s Personal Income Statistics by tax year contain a constituency-level breakdown of taxpayer numbers for the tax year 2021 to 2022. This is the latest outturn data available and can be found in Table 3.15 below:
https://assets.publishing.service.gov.uk/media/65de1b17cf7eb10015f58036/Table_3.15_2122.ods
The parliamentary constituency breakdowns published in these statistics are consistent with those used at elections since 2010 and do not contain the new boundaries that will be in place at the next election.
Further breakdowns of this information are not routinely published.
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 February 2024 to Question 14168 on Taxation, if he will produce a table for the (a) 2021-22 and (b) 2022-23 financial year.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC’s Personal Income Statistics by tax year now contain a constituency-level breakdown of taxpayer numbers for the tax year 2021 to 2022. This is the latest outturn data available and can be found below:
https://assets.publishing.service.gov.uk/media/65de1b17cf7eb10015f58036/Table_3.15_2122.ods
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an estimate of the number and proportion of higher rate taxpayers by parliamentary constituency in the last financial year.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC’s Personal Income Statistics by tax year contain a constituency-level breakdown of taxpayer numbers for the tax year 2020 to 2021. This is the latest outturn data available and can be found in Table 3.15 below:
https://assets.publishing.service.gov.uk/media/6402022ad3bf7f25f5948f90/Table_3.15_2021.ods
The parliamentary constituency breakdowns published in these statistics are consistent with those used at elections since 2010 and do not contain the new boundaries that will be in place at the next election.
Further breakdowns of this information are not routinely published.
For projection years, HM Revenue and Customs does not publish this information at constituency level.
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will publish his latest estimate of the annual cost to the Exchequer of the Rural Fuel Duty Relief scheme.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
The Government estimates that Rural Fuel Duty Relief had an Exchequer cost of £5m in 2020/21 (the latest year of estimation).
https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many ministerial red boxes belonging to his Department have been reported (a) lost and (b) stolen in each of the last three years.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
None.Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an estimate of the amount of interest that Russian designated persons have accrued on assets that have been frozen by the UK Government.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
As published in the Office of Financial Sanctions Implementation (OFSI)’s 2022-2023 Annual Review, between February 2022 and October 2023, £22.7 billion in frozen funds were reported to OFSI, part of HM Treasury, in relation to the Russia sanctions regime. This figure is provided in aggregate so as not to disclose the value of any funds held by particular designated persons and is a cumulative total of assets reported.
An asset freeze does not involve a change in ownership of the frozen funds or economic resources, nor are they transferred to HM Treasury. Any interest accrued on these assets is subject to the asset freeze, to be frozen immediately by the person in possession or control of them. There is no obligation for a relevant institution to inform OFSI when it credits an account with interest and therefore OFSI does not hold this information.
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many Lifetime ISA withdrawal charges there were in the latest available financial year, broken down by local authority.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The number of individuals making unauthorised withdrawals from Lifetime ISAs in the tax year 2022 to 2023 is published in the LISA tables of the HMRC Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2023
Geographical information on Lifetime ISA withdrawals is not reported to HMRC. Matching the Lifetime ISA records to other HMRC data sources with geographical data would be incomplete and could only be done at a disproportionate cost.
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an estimate of the amount of interest that has been accrued on frozen Russian assets seized by the UK Government.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
UK Sanctions legislation does not provide powers to seize frozen assets. Assets owned or controlled by a designated person are frozen immediately by the person in possession or control of them. An asset freeze does not involve a change in ownership of the frozen funds or economic resources, nor are they transferred to HM Treasury, therefore no interest has been accrued by the UK Government on frozen Russian assets.
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether any refurbishments have been made to ministerial offices in his Department in each of the last two years.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
There have been no full refurbishments to ministerial offices during the last two years.
Asked by: Sarah Olney (Liberal Democrat - Richmond Park)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on the LF Woodford Equity Income Fund investigation.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
Treasury ministers and officials have regular engagement with the Financial Conduct Authority (FCA). As was the case with previous administrations, it is not the Government’s practice to provide details of all such meetings.
The FCA has been investigating the events leading to the suspension of the Woodford Equity Income Fund, as the independent regulator responsible for the supervision and regulation of conduct in financial services. While the Treasury continues to follow this case closely, it is the responsibility of the FCA to investigate and decide upon the appropriate course of action.