Objects in Lieu of Tax
(asked on 18th December 2017) - View Source
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, if she will set out the total number and value of works of art taken in lieu of taxation by HMRC in each of the last 10 years.
This question was answered on 21st December 2017
The total number and value of works of art accepted in lieu of taxation under the Acceptance in Lieu Scheme and the amount of tax settled in each of the last 10 years is as follows:
Year to 31 March | Number of cases | Value of objects accepted (£m) | Tax settled (£m) |
2008 | 32 | 15.2 | 10.3 |
2009 | 36 | 19.8 | 10.8 |
2010 | 33 | 15.7 | 10.8 |
2011 | 26 | 8.3 | 4.9 |
2012 | 25 | 31.3 | 20 |
2013 | 29 | 48.3 | 29.9 |
2014 | 24 | 41.9 | 29.3 |
2015 | 26 | 36.8 | 25.6 |
2016 | 26 | 40.8 | 26.1 |
2017 | 38 | 35.4 | 23.4 |