Treasury written question – answered at on 19 December 2013.
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.
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.
Yes0 people think so
No1 person thinks not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
