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Teresa Pearce

Main Page: Teresa Pearce (Labour - Erith and Thamesmead)

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Points of Order
Wednesday 31st October 2018

(6 years, 1 month ago)

Commons Chamber
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Baroness May of Maidenhead Portrait The Prime Minister
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I am pleased to see the support my hon. Friend shows for the Chancellor. What the Chancellor delivered this week was a Budget that is good for people up and down this country, and we should all be celebrating that.

Teresa Pearce Portrait Teresa Pearce (Erith and Thamesmead) (Lab)
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Q2. In 2014, I wrote to Her Majesty’s Revenue and Customs and the then Chancellor to ask how much tax was unpaid on letting income from private landlords. HMRC wrote back to me and said that it was £500 million, in its estimate, which is enough to build about 7,000 social homes. How much is that tax gap now?

Baroness May of Maidenhead Portrait The Prime Minister
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In overall terms, we have been closing the tax gap over the years. As I think my right hon. Friend the Chancellor said in his Budget on Monday, since 2010, through the work we have been doing to close the tax gap to ensure that we deal with tax evasion and avoidance, we have actually collected, or protected, £185 billion of revenue for the Government.

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