Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent discussions he has had with UK citizens living abroad on potential changes to non-domiciled tax status.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
Further information on the changes to the taxation of non-UK domiciled individuals, or non-doms, announced at Spring Budget 2024 can be found on GOV.UK here:
Spring Budget 2024: Non-UK domiciled individuals policy summary - GOV.UK (www.gov.uk)
Technical note: Changes to the taxation of non-UK domiciled individuals - GOV.UK (www.gov.uk)
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of (a) amending and (b) abolishing the tax status of non-domiciled taxpayers on UK citizens living abroad.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
Further information on the changes to the taxation of non-UK domiciled individuals, or non-doms, announced at Spring Budget 2024 can be found on GOV.UK here:
Spring Budget 2024: Non-UK domiciled individuals policy summary - GOV.UK (www.gov.uk)
Technical note: Changes to the taxation of non-UK domiciled individuals - GOV.UK (www.gov.uk)
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of 99% mortgages on house prices; and what steps he is taking to help mitigate that impact.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
The Government regularly assesses data on the UK mortgage and housing market and engages with a range of stakeholders.
The Government remains committed to supporting people of all incomes and at all stages of life in order to make the aspiration of home ownership a reality for as many households as possible
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps the Government is taking to (a) monitor and (b) penalise potential attempts to evade sanctions by exporting to countries that may act as conduits to Russia.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC is responsible for enforcing and monitoring controls on strategic exports and sanctioned goods and investigating potential breaches of those controls.
There are extensive trade sanctions measures in place and the UK Government monitors the effectiveness of all its sanctions, including those made through the Russia (Sanctions) (EU Exit) Regulations 2019.
All sanctions designations, legislation and structures are kept under constant review to ensure that they are as effective as possible in meeting the UK’s foreign policy priorities. This means coming down hard on sanctions evaders; closing loopholes; and working with our international partners.
HM Revenue and Customs existing enforcement mechanisms are robust and act as a deterrent against those considering circumventing sanctions measures. We take breaches of sanctions seriously and undertake a preliminary investigation into all credible allegations of an offence. Non-compliance with UK sanctions is a serious offence and punishable through large financial penalties or criminal prosecution.
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department is taking to strengthen the enforcement of export controls (a) in general and (b) to halt the potential transfer of British goods to Russia via third countries.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HMRC is responsible for enforcing export controls on strategic goods and sanctions and investigating potential breaches of those controls. There are extensive trade measures in place and the UK Government monitors the effectiveness of all its sanctions, including those made through the Russia (Sanctions) (EU Exit) Regulations 2019.
We are committed to tackling sanctions circumvention, ensuring that sanctions are robustly enforced; potential breaches are investigated, and appropriate action taken. Departments from across HMG are working together, and with UK companies, to ensure that sanctions are enforced.
Internationally, we are working closely with our US and EU sanctions coordinators to raise circumvention with several countries to highlight these risks and support them to enforce sanctions effectively.
For information, on 22 May 2023, HMRC and DBT issued a Notice to Exporters outlining trade sanctions circumvention - https://www.gov.uk/government/publications/notice-to-exporters-202308-russia-sanctions-trade-sanctions-circumvention
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the adequacy of business rate relief for businesses in the hospitality sector.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
At Autumn Statement 2023, the government announced it will extend the Retail, Hospitality and Leisure (RHL) relief scheme at 75 per cent, up to a cash cap of £110,000 per business for 2024-25. This is a tax cut worth nearly £2.4 billion and around 230,000 retail, hospitality and leisure properties will be eligible for relief.
The government also announced a freeze to the small business multiplier for the fourth consecutive year in 2024-25, protecting over a million ratepayers from bill increases.
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the adequacy of business rate relief for businesses in the hospitality sector.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
At Autumn Statement 2023, the government announced it will extend the Retail, Hospitality and Leisure (RHL) relief scheme at 75 per cent, up to a cash cap of £110,000 per business for 2024-25. This is a tax cut worth nearly £2.4 billion and around 230,000 retail, hospitality and leisure properties will be eligible for relief.
The government also announced a freeze to the small business multiplier for the fourth consecutive year in 2024-25, protecting over a million ratepayers from bill increases.
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, which Minister in their Department is responsible for overseeing work on long-term strategic challenges; and how many officials in their Department (a) undertake horizon scanning work and (b) focus on delivering long-term priorities.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
The Chancellor of the Exchequer holds overall responsibility for the work of the Treasury, supported by five Treasury Ministers with clearly defined portfolios. The department leads on three of the Prime Minister's five priorities: reducing inflation, growing the economy, and reducing debt. Delivering on these priorities is vital during a period of short-term economic challenge for both the UK and the global economy, and essential to improving the UK’s long term economic outlook and delivering for the people of the UK.
HMT takes a flexible and dynamic approach to resourcing in order to meet Government priorities. Many staff working on long-term strategic issues or horizon scanning do so alongside the department’s other policy priorities. We do not routinely record the number of full time equivalent civil servants who work on individual policy initiatives or issues.
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of fines for late submission of tax returns by low-income self-employed individuals.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
I refer the hon Member to the reply given to the Member for Liverpool, West Derby, on 11 September 2023, UIN 197180.
Asked by: Tanmanjeet Singh Dhesi (Labour - Slough)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many public appointments are sponsored by his Department.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
During 2021-22 HM Treasury had 6 bodies regulated by the Office for the Commissioner for Public Appointments (OCPA).
Details of public appointments made by HM Treasury is reported in the Cabinet Office Public Appointments Data report the latest of these is for 2021-2022 year and this is published on Gov.uk. https://www.gov.uk/government/publications/public-appointments-data-report-202122/public-appointments-data-report-202122-html
Data for the appointments made in 2022-23 are not yet available in this format.
All public appointments are made in line with the process and principles set out in the Governance Code on Public Appointments and regulated by an independent Commissioner.