Asked by: Selaine Saxby (Conservative - North Devon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent estimate he has made of the revenue that will be raised by the Energy Profits Levy by March 2029.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
Forecasts for government revenues from oil and gas production, including for Energy Profits Levy, are provided by the Office for Budget Responsibility (OBR). Their most recent published forecast, provided for Spring Budget 2024 on 6 March, is available on the OBR website at the following link https://obr.uk/efo/economic-and-fiscal-outlook-march-2024/.
Asked by: Harriett Baldwin (Conservative - West Worcestershire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has received recent projections from the Office for Budget Responsibility on the potential impact of the model rules for reporting by platform operators with respect to sellers in the sharing and gig economy on (a) costs to HMRC and (b) tax revenues.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
(a)
Please see:
https://obr.uk/download/policy-measures-database-6/?tmstv=1714126499
(b)
Please see:
Asked by: Harriett Baldwin (Conservative - West Worcestershire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of the model rules for reporting by platform operators with respect to sellers in the sharing and gig economy on (a) costs to HMRC and (b) tax revenues.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
(a)
(b)
Please see:
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answers of 17 April 2024 to Question 21426 and 24 April 2024 to Question 22418 on Childcare: Taxation, if he will make a (a) comparative assessment of the average cost of childcare (i) when the tax-free childcare cap was set and (ii) at 24 April 2024 and (b) impact of that change on the effectiveness of tax-free childcare in supporting parents with costs.
Answered by Laura Trott - Chief Secretary to the Treasury
For Tax-Free Childcare, the £2 Government top-up for every £8 parents pay in, and the £2,000 cap on Government support which can be claimed per year and per child, were set at these levels because the Government believes they strike the right balance between helping parents with their childcare costs, and managing the public finances in a responsible way.
The Government keeps all aspects of childcare policy under review.
Found: Dodik said that RS would withdraw from Bosnia and Herzegovina’s armed forces, and key judicial and taxation
Written Evidence Apr. 29 2024
Committee: Public Accounts CommitteeFound: most evident in the potential solutions with moving costs solely onto gas bills or into general taxation
Written Evidence Apr. 29 2024
Committee: Public Accounts CommitteeFound: alternatively, Government may want to consider moving a subset of electricity policy costs into general taxation
Written Evidence Apr. 29 2024
Committee: Public Accounts CommitteeFound: consultation should consider: Levies being rebalanced across gas and electricity or moved to general taxation
Written Evidence Apr. 29 2024
Committee: Public Accounts CommitteeFound: and looking to shift environmental and social levies currently on electricity bills into general taxation
Written Evidence Apr. 29 2024
Committee: Public Accounts CommitteeFound: The rebalancing of these costs either into taxation or gas bills for domestic customers is, therefore