Jane Ellison: The £10 billion annual cost of reducing VAT to five per cent on tourism covers accommodation, visitor attractions and restaurants. The cost of reducing VAT to five per cent on accommodation and visitor attractions alone is estimated at £3.1 billion annually. The Government has carefully considered the evidence for applying a five per cent reduced rate of VAT on accommodation and visitor...
Jane Ellison: An estimate of Stamp Duty Land Tax (SDLT) receipts from additional properties is published in the ‘Quarterly Stamp Duty Statistics’ publication: https://www.gov.uk/government/statistics/quarterly-stamp-dut y-statistics Forecast revenues for the higher rate of SDLT on additional properties for 2017-2018 at Budget 2017 were published by the Office of Budget Responsibility in Table 2.6...
Jane Ellison: The period of account for 2016-17 closes on 31 March for Corporation Tax and VAT payers and 5 April for individuals. Relevant receipts data for these measures in this year is not yet available and will be finalised over the following months. The estimated tax revenue impacts in 2017-18 for these measures were not changed at Budget 2017 from those previously published.
Jane Ellison: The period of account for 2016-17 closes on 31 March for Corporation Tax and VAT payers and 5 April for individuals. Relevant receipts data for this measure in this year is not yet available and will be finalised over the following months. Budget 2017 projections of 2017-18 tax receipts factor in tax receipts to date for 2016-17, operational information, OBR certified costings and any changes...
Jane Ellison: The dividend allowance came into effect in April 2016. Dividend income is reported through self-assessment and HM Revenue and Customs will not receive self-assessment data for 2016-17 until January 2018. This data is therefore not currently available.
Jane Ellison: HM Revenue and Customs does not hold such an estimate. Not all customers who fail to submit their return on time will have to pay a penalty, as they may appeal a penalty on the grounds of having had a reasonable excuse for late submission.
Jane Ellison: The figures asked for are not readily available and could be provided only at disproportionate cost. Annual statistics on the total number of transactions and total Stamp Duty Land Tax receipts by Parliamentary Constituency (including Wimbledon) are published by HM Revenue and Customs in the annual ‘UK Stamp Tax Statistics’. These publications cover the financial years from 2012-13 to...
Jane Ellison: The Government is determined that everyone who is entitled to the National Minimum Wage (NMW) and National Living Wage (NLW) receives them. Anyone who feels they have been underpaid NMW or NLW should contact the Acas helpline on 0300 123 1100. HM Revenue and Customs (HMRC) reviews all complaints that are referred to the department. HMRC do not collect information on employer nationality as...
Jane Ellison: HM Revenue and Customs estimate that during 2015-2016, VAT compliance checks on small or medium sized businesses averaged 13.9 weeks between being opened and closed.
Jane Ellison: The Government has already confirmed that, in England, we will invest the £1 billion revenue we originally forecast from the Soft Drinks Industry Levy during this parliament in giving school-aged children a better and healthier future, including through doubling the primary school PE and sport premium and expanding school breakfast clubs. The Secretary of State for Education recently set out...
Jane Ellison: The Office for National Statistics publication “UK Business: Activity, Size and Location” gives the total number of businesses registered for VAT and/or PAYE at parliamentary constituency and local authority level from 2009 onwards. Prior to this, the Department for Business, Enterprise and Regulatory Reform published tables showing the number of businesses registered for VAT. The...
Jane Ellison: Recognising a risk of non-compliance within the residential rental market, HM Revenue and Customs (HMRC) launched the Let Property Campaign in September 2013 focused on the residential property letting market. HMRC have collected a range of data relating to the whole landlord population including licensing data. The data is being used to identify landlords who have not reported the rental...
Jane Ellison: The total amount of VAT recovered by EU member state businesses from the Exchequer under Articles 170 and 171 of Council Directive 2006/112/EC in each year since 2010 is as follows: Fiscal Year VAT Recovered 2010/11 Unavailable 2011/12 £114,054,136.50 2012/13 £91,034,004.22 2013/14 £80,859,842.27 2014/15 £40,093,982.14 2015/16 £87,374,709.60
Jane Ellison: The rates and structure of Stamp Duty Land Tax (SDLT) is set out in the below table. There are higher rates of SDLT for the purchase of additional residential properties. The higher rates are 3 percentage points above the standard SDLT rates and the latest HM Revenue and Customs data indicates that the revenue generated from the higher rates will exceed what was originally forecast when the...
Jane Ellison: As the Chancellor announced in his statement to the House of Commons on the 15th of March, the Government will no longer be proceeding with the changes announced at Spring Budget 2017 to increase Class 4 National Insurance contributions (NICs) in April 2018 and April 2019. The Government will consult over the summer on options to address differences in parental benefits – the principal...
Jane Ellison: As the Chancellor announced in his statement to the House of Commons on the 15th of March, the Government will no longer be proceeding with the changes announced at Spring Budget 2017 to increase Class 4 National Insurance contributions (NICs) in April 2018 and April 2019. The self-employed already have entitlement to contribution-based Employment and Support Allowance through payment of...
Jane Ellison: The Government takes false self-employment very seriously and is committed to taking action to tackle this. Where companies are thought to have misclassified individuals, HM Revenue and Customs (HMRC) will take steps to ensure that the appropriate tax, NICs, interest and penalties are paid. An estimate of the effect on Exchequer of false self-employment is not available. HMRC publish...
Jane Ellison: Over the last Parliament, increases to the personal allowance since 2010-11 are estimated to have reduced the income tax liability of 28 million individuals in the UK in 2015-16. This includes taking 4 million of the lowest paid out of income tax altogether. The corresponding figures for the South West, which includes the Parliamentary Constituency of North Swindon, are 2.4 million and...
Jane Ellison: The Government is cutting the rate of corporation tax to 17% by 2020 to deliver a tax system that better supports growth and innovation. The Government has no current plans to conduct a spillover analysis. The Government is committed to a competitive and fair tax system, and has led international efforts to tackle tax evasion and avoidance while supporting developing countries to implement...
Jane Ellison: The UK has been at the forefront of the OECD Base Erosion and Profit Shifting (BEPS) Project to address the issue of multinational companies shifting profits to low or no tax locations where there is little or no economic activity. We have been participating in the ‘Inclusive Framework on BEPS Implementation’, which brings together 94 developed countries and developing countries to...
