Asked by: Lord Ravensdale (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask His Majesty's Government, further to the remarks by the Chancellor of the Exchequer in the Budget Statement on 15 March 2023 that "subject to consultation, nuclear power will be classed as environmentally sustainable in our green taxonomy" (HC Deb col 841), when they will publish the associated consultation.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The Government reiterated its commitment in the 2023 Green Finance Strategy to delivering a UK Green Taxonomy and remains committed to implementing a UK Green Taxonomy, an important tool to increase transparency into the market to mobilise private investment into green activities and to tackle greenwashing.
Developing a usable and useful taxonomy is a complex and technical exercise. The government continues to work at pace and expects to publish in due course.
Asked by: Matthew Offord (Conservative - Hendon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans he has to simplify the tax system.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Chancellor has been clear that tax simplification is a key priority. He has set a clear mandate for officials in HMT and HMRC to focus on simplification during tax policy making and implementation.
Recent fiscal events have included several simplification measures. At Autumn Statement 2023 the government abolished the obligation to pay class 2 self-employed national insurance contributions, simplified the capital allowances system for large businesses by making full expensing permanent, and made it easier for self-employed to use a simplified method for calculating small business profits known as the cash basis.
The Government announced additional simplifications in a Written Statement on 16th January.
Asked by: Theresa Villiers (Conservative - Chipping Barnet)
Question to the Department for Transport:
To ask the Secretary of State for Transport, what steps he is taking to help ensure that users of electric bikes classed as a motorcycle or moped comply with legal requirements on (a) registration, (b) taxation, (c) holding a driving licence and (d) wearing a helmet; and whether he has had discussions with the (i) Secretary of State for the Home Department and (ii) individual police forces on enforcement of those requirements.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
All electric bikes and similar vehicles that do not meet the requirements of the Electrically Assisted Pedal Cycles Regulations (1983), as amended, are motor vehicles, and must fully comply with all of the normal requirements such as MOT, tax, insurance, helmets etc.
Enforcement is a matter for the police.
Asked by: Lord Taylor of Warwick (Non-affiliated - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what assessment they have made of the impact of HMRC's reported customer service issues on tax compliance among small businesses; and what steps they are taking to mitigate this impact.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
Small businesses play a vital role in the UK economy. The majority want to meet their obligations and pay their fair share of tax, but many struggle to understand tax rules, lack confidence and find the process of complying burdensome. In response, HMRC is investing in approaches to help support including simplifying guidance whilst Making Tax Digital for VAT and data analytics have helped reduce errors. HMRC is also targeting investigations at those who bend or break the rules to help create a level playing field for the honest majority.
Asked by: Lord Wasserman (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government whether His Majesty’s Revenue and Customs have issued any guidance to Police and Crime Commissioners concerning the taxation of their home security.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
His Majesty’s Revenue and Customs cannot comment on the guidance issued to taxpayers on individual cases, including to Police and Crime Commissioners on the taxation of their home security.Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when he plans to publish the consultation on proposals to bring remote gambling into a single tax announced in the Autumn Budget 2023.
Answered by Gareth Davies - Exchequer Secretary (HM Treasury)
The consultation will be published in due course.
Asked by: James Wild (Conservative - North West Norfolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he plans to consult on proposed changes to the Furnished Holiday Lets tax regime.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
Draft legislation will be published in due course and the Government will consult on it in the usual way.
The Government keeps all aspects of tax policy under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.
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: