Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department plans to issue guidance on the tax treatment of payments received under the Biodiversity Net Gain scheme; and what progress the joint working group has made on that issue.

The Government has established the joint HMT/HMRC working group with industry representatives to identify solutions that provide clarity on the tax treatment of ecosystem service markets, including the Biodiversity Net Gain scheme. The work of the group is currently ongoing.