HM Treasury
HM Treasury is the government’s economic and finance ministry, maintaining control over public spending, setting the direction of the UK’s economic policy and working to achieve strong and sustainable economic growth.
Shadow Ministers / Spokeperson
Liberal Democrat
Baroness Kramer (LD - Life peer)Liberal Democrat Lords Spokesperson (Treasury and Economy)
Daisy Cooper (LD - St Albans)
Liberal Democrat Spokesperson (Treasury)
Conservative
Mel Stride (Con - Central Devon)Shadow Chancellor of the Exchequer
Green Party
Adrian Ramsay (Green - Waveney Valley)Green Spokesperson (Treasury)
Liberal Democrat
Charlie Maynard (LD - Witney)Liberal Democrat Spokesperson (Chief Secretary to the Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
Lord Altrincham (Con - Excepted Hereditary)Shadow Minister (Treasury)
Richard Fuller (Con - North Bedfordshire)
Shadow Chief Secretary to the Treasury
Baroness Neville-Rolfe (Con - Life peer)
Shadow Minister (Treasury)
Junior Shadow Ministers / Deputy Spokesperson
Conservative
James Wild (Con - North West Norfolk)Shadow Exchequer Secretary (Treasury)
Mark Garnier (Con - Wyre Forest)
Shadow Economic Secretary (Treasury)
Ministers of State
Lord Livermore (Lab - Life peer)Financial Secretary (HM Treasury)
James Murray (LAB - Ealing North)
Chief Secretary to the Treasury
Lord Stockwood (Lab - Life peer)
Minister of State (HM Treasury)
Parliamentary Under-Secretaries of State
Torsten Bell (Lab - Swansea West)Parliamentary Secretary (HM Treasury)
Dan Tomlinson (Lab - Chipping Barnet)
Exchequer Secretary (HM Treasury)
Lucy Rigby (Lab - Northampton North)
Economic Secretary (HM Treasury)
12:05
Estimate Memoranda
This inquiry will examine quantitative tightening, including its impact on the economy and its fiscal costs. It will also investigate …
To ask the Chancellor of the Exchequer, what discussions she has had with the banking sector on the rollout of …
These Regulations revoke and remake the Climate Change Agreements (Energy-Intensive Installations) Regulations 2006 (S.I. 2006/59) (“the EII Regulations”), and amend …
A Bill to Authorise the use of resources for the years ending with 31 March 2025, 31 March 2026 and …
HM Treasury Commons Appearances
Oral Answers to Questions is a regularly scheduled appearance where the Secretary of State and junior minister will answer at the Dispatch Box questions from backbench MPs
Other Commons Chamber appearances can be:- Urgent Questions where the Speaker has selected a question to which a Minister must reply that day
- Adjornment Debates a 30 minute debate attended by a Minister that concludes the day in Parliament.
- Oral Statements informing the Commons of a significant development, where backbench MP's can then question the Minister making the statement.
Westminster Hall debates are performed in response to backbench MPs or e-petitions asking for a Minister to address a detailed issue
Written Statements are made when a current event is not sufficiently significant to require an Oral Statement, but the House is required to be informed.
Bills currently before Parliament
HM Treasury does not have Bills currently before Parliament
Acts of Parliament created in the 2024 Parliament
A Bill to Make provision to amend section 4 of the Social Security Contributions and Benefits Act 1992, and section 4 of the Social Security Contributions and Benefits (Northern Ireland) Act 1992, so that amounts of salary sacrificed for employer pensions contributions pursuant to optional remuneration arrangements are liable to national insurance contributions.
This Bill received Royal Assent on 29th April 2026 and was enacted into law.
A Bill to make provision in connection with finance.
This Bill received Royal Assent on 18th March 2026 and was enacted into law.
A Bill to Authorise the use of resources for the years ending with 31 March 2025, 31 March 2026 and 31 March 2027; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2025 and 31 March 2026.
This Bill received Royal Assent on 18th March 2026 and was enacted into law.
A Bill to Authorise the use of resources for the year ending with 31 March 2026; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2025.
This Bill received Royal Assent on 21st July 2025 and was enacted into law.
A Bill to make provision about secondary Class 1 contributions.
This Bill received Royal Assent on 3rd April 2025 and was enacted into law.
A Bill to make provision about finance.
This Bill received Royal Assent on 20th March 2025 and was enacted into law.
A Bill to amend the Crown Estate Act 1961.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to Authorise the use of resources for the years ending with 31 March 2024, 31 March 2025 and 31 March 2026; to authorise the issue of sums out of the Consolidated Fund for those years; and to appropriate the supply authorised by this Act for the years ending with 31 March 2024 and 31 March 2025.
This Bill received Royal Assent on 11th March 2025 and was enacted into law.
A Bill to make provision for loans or other financial assistance to be provided to, or for the benefit of, the government of Ukraine.
This Bill received Royal Assent on 16th January 2025 and was enacted into law.
A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.
This Bill received Royal Assent on 10th September 2024 and was enacted into law.
A Bill to authorise the use of resources for the year ending with 31 March 2025; to authorise both the issue of sums out of the Consolidated Fund and the application of income for that year; and to appropriate the supply authorised for that year by this Act and by the Supply and Appropriation (Anticipation and Adjustments) Act 2024.
This Bill received Royal Assent on 30th July 2024 and was enacted into law.
HM Treasury - Secondary Legislation
Petitions
e-Petitions are administered by Parliament and allow members of the public to express support for a particular issue.
If an e-petition reaches 10,000 signatures the Government will issue a written response.
If an e-petition reaches 100,000 signatures the petition becomes eligible for a Parliamentary debate (usually Monday 4.30pm in Westminster Hall).
(2,206 in the last 7 days)
(1,445 in the last 7 days)
(114 in the last 7 days)
(57 in the last 7 days)
(53 in the last 7 days)
(8 in the last 7 days)
(2,206 in the last 7 days)
(43 in the last 7 days)
(17 in the last 7 days)
(27 in the last 7 days)
Petition Closed
Raise the income tax personal allowance from £12,570 to £20,000
Gov Responded - 20 Feb 2025 Debated on - 12 May 2025closed 10 months, 1 week ago
Raise the income tax personal allowance from £12570 to £20000. We think this would help low earners to get off benefits and allow pensioners a decent income.
Petition Closed
Don't change inheritance tax relief for working farms
Gov Responded - 5 Dec 2024 Debated on - 10 Feb 2025closed 11 months, 2 weeks ago
We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.
Petition Closed
Don't apply VAT to independent school fees, or remove business rates relief.
Gov Responded - 20 Dec 2024 Debated on - 3 Mar 2025closed 10 months, 4 weeks ago
Prevent independent schools from having to pay VAT on fees and incurring business rates as a result of new legislation.
Departmental Select Committee
Treasury Committee
Commons Select Committees are a formally established cross-party group of backbench MPs tasked with holding a Government department to account.
At any time there will be number of ongoing investigations into the work of the Department, or issues which fall within the oversight of the Department. Witnesses can be summoned from within the Government and outside to assist in these inquiries.
Select Committee findings are reported to the Commons, printed, and published on the Parliament website. The government then usually has 60 days to reply to the committee's recommendations.
11 Members of the Treasury Committee
Treasury Committee Member since 9th September 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 21st October 2024
Treasury Committee Member since 28th October 2024
Treasury Committee Member since 28th October 2024
Treasury Committee Member since 9th December 2024
Treasury Committee Member since 27th October 2025
Treasury Committee Member since 27th October 2025
Treasury Committee Member since 27th October 2025
Treasury Committee: 14 Current Inquiries
Treasury Committee: Previous Inquiries
50 most recent Written Questions
(View all written questions)I refer the noble lord to the Answer on 30 March (HL15584). Consistent with the Macpherson Principles, the Civil Service Code and the Special Advisers’ Code, there are occasions where the Government will trail and/or announce policy ahead of a Budget to provide context and help the public understand major fiscal events.
Any such communications are tightly controlled, respect Parliament, and protect market‑sensitive information
Financial Secretary (HM Treasury)
HMRC undertakes regular Payment Innovation landscape reviews, looking at the UK and international payment ecosystems, emerging payment technologies, and innovations relevant to tax administration and payment systems integration. This includes working with the payments sector and tracking usage of payment types.
HMRC has developed and published its Payment Strategy which sets out how it will keep pace with new and emerging technologies for payments.
Financial Secretary (HM Treasury)
The UK is a world leader in Fintech, and attracted $3.6 billion of investment in 2025, second only to the US. The Government is committed to making the UK the world’s most technologically advanced global financial centre, and remaining a leading jurisdiction for fintech firms to start-up, scale and list.
Over the last decade, fintechs and specialist banks have increased their share amongst part of the retail banking market, and are an essential part of the UK's banking landscape. Over the same period, business models and financial technology have evolved substantially, increasing competitive pressure and expanding the range of products and services available to consumers.
Firms providing regulated banking and payment services are required to meet robust standards of consumer protection and operational resilience. The Government and the financial services regulators keep competition and market concentration in retail banking under review, and ensuring all individuals have access to the appropriate financial services and products is a key priority for the Government.
Financial Secretary (HM Treasury)
Mike Wood
(Conservative - Kingswinford and South Staffordshire)
Across successive governments, Prime Ministers and Chancellors have received allowances to contribute towards the costs associated with maintaining and furnishing of the residency within the Downing Street estate. HM Treasury furnished the Ministerial residence upon entering office, which was empty, on a modest basis. Item choices are restricted to what is available from pre-agreed suppliers and are permanently retained by Government.
The £19,759.61 is inclusive of VAT and was funded from within HMT budgets for 2024-25. The breakdown per item is provided below:
Item type | Cost per item (£ ex. VAT) |
Stools 1 (x4) | 720 |
Sofa 1 | 1950 |
Sofa 2 | 1500 |
Table 1 | 725 |
Rug | 640 |
Table 2 | 850 |
TV unit | 850 |
Chairs 1 (x8) | 1993.33 |
Table 3 | 1040.83 |
Table 4 | 312.08 |
Bed | 450 |
Mattress | 750 |
Table 5 (x2) | 880 |
Table 6 | 900 |
Stool 2 | 295 |
Chair 2 | 695 |
Table 7 (x2) | 440 |
Drawers | 475 |
Installation & handling fee | 750 |
Item total inc. VAT at 20% | 19459.49 |
Additional/delivery fee | 300.12 |
TOTAL | 19759.61 |
Exchequer Secretary (HM Treasury)
Mike Wood
(Conservative - Kingswinford and South Staffordshire)
Across successive governments, Prime Ministers and Chancellors have received allowances to contribute towards the costs associated with maintaining and furnishing of the residency within the Downing Street estate. HM Treasury furnished the Ministerial residence upon entering office, which was empty, on a modest basis. Item choices are restricted to what is available from pre-agreed suppliers and are permanently retained by Government.
The £19,759.61 is inclusive of VAT and was funded from within HMT budgets for 2024-25. The breakdown per item is provided below:
Item type | Cost per item (£ ex. VAT) |
Stools 1 (x4) | 720 |
Sofa 1 | 1950 |
Sofa 2 | 1500 |
Table 1 | 725 |
Rug | 640 |
Table 2 | 850 |
TV unit | 850 |
Chairs 1 (x8) | 1993.33 |
Table 3 | 1040.83 |
Table 4 | 312.08 |
Bed | 450 |
Mattress | 750 |
Table 5 (x2) | 880 |
Table 6 | 900 |
Stool 2 | 295 |
Chair 2 | 695 |
Table 7 (x2) | 440 |
Drawers | 475 |
Installation & handling fee | 750 |
Item total inc. VAT at 20% | 19459.49 |
Additional/delivery fee | 300.12 |
TOTAL | 19759.61 |
Exchequer Secretary (HM Treasury)
The Government recognises the important role that food and drink manufacturers play in growing our economy, accounting for £37 billion in Gross Value Added in 2023.
We understand, and are taking seriously, the possible impacts of the conflict in the Middle East on the food sector.
The Government has been meeting, and will continue to meet, with stakeholders to share intelligence, assess emerging pressures, and agree how we can keep our food sector resilient and stable.
Chief Secretary to the Treasury
Chief Secretary to the Treasury
Treasury Ministers regularly engage with the banking sector on access to banking services, including the rollout of banking hubs.
The Government understands the importance of access to in-person banking services for communities and high streets and is committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. Importantly, this number is a floor, not a ceiling, and Cash Access UK will deliver a banking hub wherever LINK has recommended one.
The Government keeps the effectiveness of current arrangements under review through regular engagement with industry and other stakeholders to ensure they meet the needs of people and communities.
Economic Secretary (HM Treasury)
The Government recognises the important role that venture capital and other private investors play in backing innovation across the economy. The forthcoming Defence Finance Investment Strategy will be the Government’s blueprint for how we increase the capital available to improve warfighting readiness while also driving UK growth.
Chief Secretary to the Treasury
HMRC publish the distribution of total income before tax in Table 3.3 of the Personal Incomes Statistics, linked below.
Personal Incomes Statistics for the tax year 2023 to 2024 - GOV.UK
Exchequer Secretary (HM Treasury)
The Government legislated in February of this year to establish a financial services regulatory regime for cryptoassets, requiring firms to be authorised by the Financial Conduct Authority for providing relevant cryptoasset services in or to the UK. This built on previous regulatory interventions on cryptoasset money laundering and financial promotions. The Government’s approach is ensuring cryptoasset users are protected against detriment, whilst giving firms the certainty needed to invest and grow in the UK.
Economic Secretary (HM Treasury)
Where HMRC identifies an inaccuracy during a compliance check into a Stamp Duty Land Tax (SDLT) return or claim, it is standard practice to also consider whether a penalty is due.
In the vast majority of cases any penalty will be issued at the conclusion of the compliance check, at the same time as when the tax position is decided.
The length of a compliance check depends on multiple factors such as the technical complexity of the issue and whether a customer appeals a decision. HMRC does not record separately the amount of time within compliance checks spent considering whether penalties are due.
Exchequer Secretary (HM Treasury)
HMT Treasury does not collect or hold information on the use of specific cryptoassets in political donations. Oversight of political donations rests with the Electoral Commission.
Economic Secretary (HM Treasury)
HMRC has not published specific guidance on the donation of cryptoassets to political parties or regulated donees.
Exchequer Secretary (HM Treasury)
For the purposes of this answer, “entries” have been interpreted as customs declarations.
The table shows the number of customs declarations logged on the Customs Declaration Service (CDS) under Customs Procedure Code (CPC) 0020 21V, which is used for the Bulk Import Reduced Data Set (BIRDs).
Year | Number of declarations |
2022 | 60,000 |
2023 | 278,000 |
2024 | 368,000 |
2025 | 403,000 |
These figures represent the number of declarations submitted to CDS under CPC 0020 21V only.
It should be noted that the figures are not directly comparable across years. In 2022 and 2023 a substantial proportion of BIRDs declarations were submitted via the legacy CHIEF system, under CPCs 4900003 and 4000003, and are therefore not included in the CDS figures shown above. In 2022 around 21% of BIRDs declarations were submitted via CDS, rising to around 75% in 2023.
The figures also exclude BIRDs declarations submitted using multiple additional procedure codes and therefore do not represent total BIRDs volumes.
Number of customs declarations are rounded to the nearest thousand.
You should note that a BIRDs declaration can cover multiple consignments.
Exchequer Secretary (HM Treasury)
The salary for the DHSC Permanent Secretary was approved as per the rules outlined in the senior pay guidance.
Chief Secretary to the Treasury
Treasury Ministers have meetings with representatives of a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at:
https://www.gov.uk/government/collections/hm-treasury-ministerial-overseas-travel-and-meetings
This Government takes gender equality seriously. We are working to increase women’s participation in the labour market and close the gender pay gap, including funding 30 hours of childcare for working parents of under-fives, so more women can work the hours they choose and build their careers if they want to.
Parliamentary Secretary (HM Treasury)
This property is subject to escheat, meaning it is effectively ownerless. The only action that the Crown Estate may take in relation to such property is to dispose of it to an appropriate person or body.
The Crown Estate is currently in touch with Stoke-on-Trent City Council regarding proposed future disposals of the property.
Chief Secretary to the Treasury
The Government has set an ambition to spend 3 per cent of GDP on defence next Parliament, when economic and fiscal conditions allow. Departmental budgets have been set for the Spending Review period, and will be reviewed at Spending Review 2027.
Chief Secretary to the Treasury
At Autumn Budget 2024, the Government increased the higher rates of SDLT by two percentage points and set out the impacts of this change. This information can be found here on page 130: Autumn Budget 2024 - GOV.UK
Exchequer Secretary (HM Treasury)
At Autumn Budget 2024, the Government increased the higher rates of SDLT by two percentage points and set out the impacts of this change. This information can be found here on page 130: Autumn Budget 2024 - GOV.UK
Exchequer Secretary (HM Treasury)
Pubs rents in business rates valuations are analysed differently to some other sectors. While most hospitality and leisure properties are valued by comparing the size of the property, pubs are valued by comparing their turnover potential. Industry bodies have highlighted concerns with how costs are accounted for in this methodology, particularly during periods of high inflation. The Government agrees this needs to be looked at and is therefore launching a review which will explore how pubs are valued for business rates. In the meantime, pubs are being provided with additional support.
Independent gyms and fitness centres will continue to benefit from the wider £4.3 billion support package announced at Budget, which protects against ratepayers seeing large overnight increases in bills.
The Government has also introduced new permanently lower multipliers for eligible retail, hospitality and leisure properties. These new multipliers are worth nearly £1 billion per year and benefit over 750,000 properties, including gyms and fitness centres.
As a result, over half of ratepayers see no bill increases this year, including 23 per cent whose bills go down. Most properties seeing increases have them capped at 15 per cent or less this year, or £800 for the smallest properties.
Exchequer Secretary (HM Treasury)
The general rules for employment-related benefits are set out in HMRC’s guidance at: www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim20020
Exchequer Secretary (HM Treasury)
I refer the hon member to the answer to UIN 126458, tabled on 10 April 2026.
Exchequer Secretary (HM Treasury)
Where employers reimburse allowable travel expenses, tax relief is available provided the expenses are wholly, exclusively and necessarily incurred for work purposes.
Ordinarily, employers must hold evidence of the employee’s actual expenditure. However, to reduce administrative burdens on employers, HMRC allows expenses for travel outside the UK to be reimbursed without evidence up to the levels contained within the Overseas Scale Rates.
Where the Overseas Scale rates do not cover the expense incurred by employees, employers can still reimburse and provide tax relief provided they have appropriate evidence.
The Government keeps all taxes under review as part of the policy‑making process. Any decisions on future changes in this area will be taken in the context of the wider public finances.
Exchequer Secretary (HM Treasury)
Chief Secretary to the Treasury
The diverse nature of roles in HM Treasury means training is often provided at team-level rather than being centrally managed. As such, a list of all training courses is not readily available centrally and the information requested cannot be obtained without disproportionate cost.
Economic Secretary (HM Treasury)
The Budget confirmed a new £30 million fund to invest in Cornwall’s particular comparative sectoral advantages including critical minerals, marine energy and space. In addition, the government is funding £26m of growth-driving transport investment via the Local Transport Grant (2026/27 – 2029/30), part of the £725 billion of economic and social infrastructure investment across the country over the next decade.
The National Wealth Fund has also invested over £80m into Cornwall, backing firms to support the next generation of good jobs.
Chief Secretary to the Treasury
HM Treasury ministers regularly meet with the Financial Conduct Authority (FCA) to discuss consumers’ experiences of financial products and services. As a member of the Financial Inclusion Committee, the FCA was closely involved in the development of the Financial Inclusion Strategy which I published in November 2025.
The Strategy includes a focus on digital inclusion and access to banking and considers accessibility as a theme across all product areas examined. It includes a range of interventions to address these issues, including the launch of an industry-led inclusive design working group which will examine how to make financial products more accessible. Consumer representatives have been invited to make submissions to the group which will inform its focus going forward.
More widely, the Government works closely with the FCA to ensure that consumers get the right support with financial products and services. FCA guidance highlights the actions firms should take to understand the needs of customers who may be vulnerable and to consider these needs appropriately. This includes offering multiple channels of communication to their customers where possible, to ensure their products are accessible.
The FCA’s Consumer Duty also seeks to raise the standard of care expected from firms for all customers. It aims to deliver products and services that offer fair value and are designed to meet customers’ needs, with a focus on delivering good outcomes and preventing harm.
In addition, under the Equality Act 2010, all service providers must make reasonable adjustments to ensure their services are accessible.
Economic Secretary (HM Treasury)
Revenues raised by the rate increase, that takes effect from 1 July 2026, will depend on gas prices in future months. The OBR will score this in the usual way in the Autumn.
Exchequer Secretary (HM Treasury)
Fuel duty receipts total approximately £8 billion for the period January to April 2025. Tax receipt data is available on GOV.UK, where data for April 2026 will be published in due course.
Fuel duty is charged as a fixed amount per litre, so receipts depend on the volume of fuel sold, as opposed to pump prices.
Since Autumn Budget 2024, the Government's decisions to freeze fuel duty will save hauliers 11 pence per litre compared to the plans inherited from the previous government.
In addition, in order to support the haulage sector, the Government and industry are jointly providing up to £35.7m of investment to enhance truck stops across England, in addition to joint investment by National Highways and industry of up to a further £30 million.
Exchequer Secretary (HM Treasury)
Exchequer Secretary (HM Treasury)
Exchequer Secretary (HM Treasury)
The Government has already taken action on fuel affordability at the pump.
At Budget 2025, the Government extended the 5p-per-litre cut for a further five months, until the end of August this year.
The Government has also cancelled the increase in line with inflation for 2026/27. Instead, rates will only gradually return to early 2022 levels by March 2027.
Since Autumn Budget 2024, the Government's decisions to freeze fuel duty will save the average motorist over £90.
Fuel duty raises approximately £24 billion each year, where this revenue helps fund the vital public services and infrastructure that people across the UK expect.
As with all taxes, the Government keeps fuel duty under review.
Exchequer Secretary (HM Treasury)
The Government recognises the vital role that the Post Office plays in the economy and wider society.
At the Budget, the Government acted to limit increases in business rates bills, announcing a support package worth £4.3 billion. The Government has also introduced new permanently lower tax rates for eligible retail, hospitality and leisure properties. These new tax rates are worth nearly £1 billion per year and benefit over 750,000 properties.
Post offices are also eligible for 100 per cent rural rate relief if they meet certain conditions.
There are a wide range of factors that the Government needs to consider when introducing new tax reliefs, for example whether these support wider Government objectives, or add disproportionate complexity into the tax system. It is likely that a new relief would have to be paid for, at least in part, by increased taxes for other taxpayers or reducing expenditure on public services.
The Government keeps all taxes under review as part of the policy making process. The Chancellor will announce any changes to the tax system at fiscal events in the usual way.
Exchequer Secretary (HM Treasury)
Pubs rents in business rates valuations are analysed differently to some other sectors. While most hospitality and leisure properties are valued by comparing the size of the property, pubs are valued by comparing their turnover potential. Industry bodies have highlighted concerns with how costs are accounted for in this methodology, particularly during periods of high inflation. The Government agrees this needs to be looked at and is therefore launching a review which will explore how pubs are valued for business rates. In the meantime, pubs are being provided with additional support.
Independent gyms and other leisure businesses will continue to benefit from the wider £4.3 billion support package announced at Budget, which protects against ratepayers seeing large overnight increases in bills.
The Government has also introduced new permanently lower multipliers for eligible retail, hospitality and leisure properties. These new multipliers are worth nearly £1 billion per year and benefit over 750,000 properties, including gyms and other leisure businesses.
As a result, over half of ratepayers see no bill increases this year, including 23 per cent whose bills go down. Most properties seeing increases have them capped at 15 per cent or less this year, or £800 for the smallest.
Exchequer Secretary (HM Treasury)
Approved Mileage Allowance Payments (AMAPs) are used by employers to reimburse an employee's expenses for business mileage in their private vehicle. These rates are also used by self-employed drivers to claim tax relief on business mileage (simplified motoring expenses) and can be used by organisations to reimburse volunteers who use their own vehicle for voluntary purposes.
Employees can claim up to 45p/mile for the first 10,000 miles annually, followed by 25p/mile thereafter. An additional 5p/mile can be claimed for each passenger transported.
The Government recognises that, while AMAP rates have not changed since 2011, the motoring landscape has evolved significantly and it is an important issue for many people who claim motoring expenses. As the Chancellor announced in March 2026, the Government will review this issue and will consider this matter further as part of a future fiscal event.
Financial Secretary (HM Treasury)
Vehicle Excise Duty (VED) is a tax on vehicles used or kept on public roads. Different rates apply to cars, vans, and motorcycles, and the rate for each vehicle is calculated according to a range of factors, such as its date of first registration, weight, or CO2 emissions. As of April last year, zero emission and hybrid cars, vans and motorcycles now pay VED in a similar way to petrol and diesel vehicles.
There are no current plans to review how VED is calculated for all road vehicles. The Government regularly reviews the rates and thresholds of taxes and reliefs at fiscal events to ensure that they are appropriate and reflect the current state of the economy.
Financial Secretary (HM Treasury)
Whilst Carbon Price Support and Emissions Trading Scheme comprise the total carbon price applied to electricity generators, this does not translate into a single per kilowatt-hour tax rate on delivered retail electricity. It is therefore not possible to provide a single figure for the total tax received per kWh of delivered retail electricity generated by gas from carbon levies.
Financial Secretary (HM Treasury)
Justin Madders
(Labour - Ellesmere Port and Bromborough)
The government recognises the role that refineries play in energy security and the UK’s industrial base. The Government published a call for evidence (https://www.gov.uk/government/calls-for-evidence/future-of-the-uk-downstream-oil-sector/future-of-the-uk-downstream-oil-sector-call-for-evidence) on the future of the fuel sector on 23rd February 2026 in order to help understand the current state of the refining sector.
Following a strategic and technical assessment by HMG, it has been decided not to expand the Carbon Border Adjustment Mechanism (CBAM) to refined oil products in January 2028. We are continuing to work with the sector to assess the options and case for expanding CBAM to refined oil products at a later date.
We are unable to conclude that expanding the CBAM to refined oil products is technically feasible for January 2028, especially in an uncertain global environment where the potential adverse impacts of inclusion could not necessarily be managed effectively at such accelerated timelines.
Exchequer Secretary (HM Treasury)
The Government implements safeguards to prevent payments to charities associated with illegal activity. Most charities are required to be registered with their local regulator such as the Charity Commission for England and Wales (CCEW), Office of the Scottish Charity Regulator (OSCR), and Charity Commission for Northern Ireland (CCNI). In order to claim Gift Aid, they must also be registered with HMRC. This ensures that only organisations subject to regulatory oversight, trustee accountability and enforcement powers can access tax reliefs such as Gift Aid. HMRC conducts validation and risk-based checks at registration and thereafter.
These checks involve reviewing Gift Aid claims supplied by the charity. Charities must also obtain valid Gift Aid declarations from all donors in respect of whom Gift Aid is claimed. They must maintain records linking each donation to a valid declaration, including donor identity and donation details.
HMRC monitors charities through risk assessments and sector trends to ensure funds are used appropriately and reliefs are granted only where entitled.
The government introduced legislation, enacted in Finance Act 2026, which strengthens HMRC’s ability to challenge illegal and abusive arrangements.
Exchequer Secretary (HM Treasury)
VED, sometimes known as 'road tax' or 'car tax', is a tax on vehicles used or kept on public roads. Different VED rates apply to cars, vans, and motorcycles, and the rate for each vehicle is calculated according to a range of factors, such as its date of first registration, weight, or CO2 emissions. Revenue from motoring taxes helps to fund vital public services and infrastructure, including investment in roads and transport.
VED for motorcycles is currently based on engine size. There are four engine size ranges, with the lowest rate applying to zero emission motorcycles and the smallest engines sized 150cc or less (currently £27). The highest rate applies to engines sized 600cc and above (currently £125). This compares with the standard rate for cars registered on or after 1 April 2017 which is currently £200. Motorcycles also do not pay different rates in the first year of purchase, unlike cars where first year rates vary from £10 to £5,690 for the most polluting vehicles.
The Government annually reviews the rates and thresholds of taxes and reliefs to ensure that they are appropriate and reflect the current state of the economy. The Chancellor makes decisions on tax policy at fiscal events in the context of the public finances.
Exchequer Secretary (HM Treasury)
Sodexo are contracted to deliver facilities management services, including cleaning, in Erskine House and Carne House on an output specification basis. This means it is for Sodexo to determine the level of resourcing required to achieve the contracted standards and specifications.
HMRC regularly audits contract performance and meets on a weekly basis to discuss performance against the contracted standards and key performance indicators.
Exchequer Secretary (HM Treasury)
Sodexo are contracted to deliver facilities management services, including cleaning, in Erskine House and Carne House on an output specification basis. This means it is for Sodexo to determine the level of resourcing required to achieve the contracted standards and specifications.
HMRC regularly audits contract performance and meets on a weekly basis to discuss performance against the contracted standards and key performance indicators.
Exchequer Secretary (HM Treasury)
The UK is a world leader in Fintech, and attracted $3.6 billion of investment in 2025, second only to the US. The Government is committed to making the UK the world’s most technologically advanced global financial centre, and remaining a leading jurisdiction for Fintech firms to start, scale, list, and stay.
In addition to measures announced in the Financial Competitiveness and Growth Strategy and at Budget, the Government set out at UK Fintech Week 2026 further detail on how it intends to modernise payment services regulation and update it to support new innovations in money and payments, ahead of soon publishing a consultation inviting the payments sector to feedback. This includes improving the regulation of payment services and electronic money by better integrating it with the UK’s core regulatory approach for financial services; regulating stablecoins for their use in payments, where these stablecoins have been issued under the forthcoming new regulated activity for stablecoin issuance in the UK; exploring how the regulation of payments services should adapt to payments conducted by AI agents; and providing the FCA new powers to regulate the future of Open Banking. The Government also published as part of the package draft secondary legislation to cut administrative burdens for companies wanting to provide stablecoin payments.
The Government has also appointed Chris Woolard CBE as Wholesale Digital Markets Champion, to provide market leadership and support industry progress on the development of a tokenised wholesale financial markets ecosystem.
Economic Secretary (HM Treasury)
As set out in the government’s previous answer on 31 March, the Financial Conduct Authority (FCA) has clarified that non-financial spread betting products are not financial instruments, and that the FCA’s regulatory framework does not account for gambling activity in relation to events which are not connected to financial markets. The Gambling Commission does not licence products whose name, branding or marketing contain language associated with financial products.
The government and parliament are responsible for setting the remits for the FCA and Gambling Commission, including setting out in legislation what types of activities are regulated. The remits of both regulators are detailed and complex, reflecting the diversity and complexity of products available. Responsibility for determining this is a cross-departmental effort.
Economic Secretary (HM Treasury)
As set out in the government’s previous answer on 31 March, the Financial Conduct Authority (FCA) has clarified that non-financial spread betting products are not financial instruments, and that the FCA’s regulatory framework does not account for gambling activity in relation to events which are not connected to financial markets. The Gambling Commission does not licence products whose name, branding or marketing contain language associated with financial products.
The government and parliament are responsible for setting the remits for the FCA and Gambling Commission, including setting out in legislation what types of activities are regulated. The remits of both regulators are detailed and complex, reflecting the diversity and complexity of products available. Responsibility for determining this is a cross-departmental effort.
Economic Secretary (HM Treasury)
This country is a world leader in financial services because we adhere to high standards. Both the Financial Conduct Authority and the Prudential Regulation Authority have powers to enforce regulation, the ability to apply a range of sanctions to firms and individuals who breach their rules, and to prosecute offences in the criminal courts.
Economic Secretary (HM Treasury)
At the Budget, the Valuation Office (VO) announced updated property values from the 2026 revaluation. This revaluation is the first since the pandemic, which has led to significant increases in rateable values for some properties. The VO are independent and are happy to talk to ratepayers if they have queries about how a rateable value has been assessed. Ratepayers can also challenge their rateable value through the online Check and Challenge process if they believe it is incorrect.
The Government has introduced a support package worth £4.3 billion to protect ratepayers against ratepayers seeing large overnight increases in bills. This means most properties seeing increases have them capped at 15 per cent or less in 2026/27, or £800 for the smallest.
The Government has also introduced new permanently lower multipliers for eligible retail, hospitality and leisure (RHL) properties. These new multipliers are worth nearly £1 billion per year and benefit over 750,000 properties.
In addition, this year, every pub and live music venue is receiving 15 per cent off its business rates bill on top of the support announced at Budget. Bills will then be frozen in real terms for a further two years.
Exchequer Secretary (HM Treasury)