Taxation: Metals

Treasury written question – answered on 19th December 2013.

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Photo of Chris Kelly Chris Kelly Conservative, Dudley South

To ask the Chancellor of the Exchequer what estimate his Department has made of the likely change in tax receipts in (a) 2013-14, (b) 2014-15 and (c) 2015-16, due to the (i) ban on cash payment for non-precious metal contained in the Legal Aid, Sentencing and Punishment of Offenders Act 2012 and (ii) reform of the scrap metal industry through the Scrap Metal Dealers Act 2013 compared to tax receipts in 2012-13.

Photo of Nicky Morgan Nicky Morgan The Economic Secretary to the Treasury

The legislative changes contained in the Legal Aid, Sentencing, and Punishment of Offenders Act 2012 and the Scrap Metal Dealers Act 2013 were prompted by escalating thefts of scrap metal. As some of the changes have only just come into effect it is too early to say what impact they are having on tax receipts.

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