Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of trends in the level of carried interest as a result of provisions on that interest in the Finance Act 2016.

Under the provisions introduced in Finance Act 2016, amounts determined to be income-based carried interest (IBCI) are subject to income tax and NICs and reported as part of profits from an individual’s business activities. No separate analysis of IBCI is available.