Apr. 30 2024
Source Page: Asset Purchase Facility (APF) ceiling, April 2024Oral Evidence Apr. 30 2024
Committee: Treasury Committee (Department: HM Treasury)Laid - 30 Apr 2024 In Force 21 May 2024
These Regulations extend the applicable sunset date for special tax sites.
Asked by: Robert Buckland (Conservative - South Swindon)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when his Department plans to respond to correspondence from the Chair of the Northern Ireland Assembly Finance Committee dated 21 February 2024, regarding the Northern Ireland Executive Restoration Package Settlement.
Answered by Laura Trott - Chief Secretary to the Treasury
A response has been issued to the Chair of the Northern Ireland Assembly Finance Committee’s letter on the Northern Ireland Executive’s restoration financial package.
Asked by: Christopher Chope (Conservative - Christchurch)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the total value was of (a) cigars, (b) snuff and (c) other tobacco products exported from the UK in (i) 2022 and (ii) 2023; and what were the principal countries of destination for those exports.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HM Revenue & Customs (HMRC) is responsible for the collection and publication of data on imports and exports of goods to and from the UK. HMRC releases this information monthly, as a National Statistic called the Overseas Trade in Goods Statistics (OTS), which is available via their dedicated website (www.uktradeinfo.com). From this website, it is possible to build your own data tables based upon bespoke search criteria.
Classification codes (according to the Harmonised System) are available to assist you in accessing published trade statistics data in the UK Global Tariff. Goods moving to and from the UK are identified by an eight-digit commodity code. These are publicly available from the UK Trade Tariff at https://www.gov.uk/trade-tariff.
The data on these exports and for other tobacco products can be obtained from www.uktradeinfo.com.
If you need help or support in constructing a table from the data on uktradeinfo, please contact uktradeinfo@hmrc.gov.uk.
Asked by: Christopher Chope (Conservative - Christchurch)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the value of imports of (a) vapes and (b) vaping equipment was in (i) 2022 and (ii) 2023; and what proportion of the total value of those imports came from China.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
HM Revenue & Customs (HMRC) is responsible for the collection and publication of data on imports and exports of goods to and from the UK. HMRC releases this information monthly, as a National Statistic called the Overseas Trade in Goods Statistics (OTS), which is available via their dedicated website (www.uktradeinfo.com). From this website, it is possible to build your own data tables based upon bespoke search criteria.
Classification codes (according to the Harmonised System) are available to assist you in accessing published trade statistics data in the UK Global Tariff. Goods moving to and from the UK are identified by an eight-digit commodity code. These are publicly available from the UK Trade Tariff at https://www.gov.uk/trade-tariff.
The data on the import for these items, including country of export can be obtained from www.uktradeinfo.com.
If you need help or support in constructing a table from the data on uktradeinfo, please contact uktradeinfo@hmrc.gov.uk.
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/.