Asked by: Ranil Jayawardena (Conservative - North East Hampshire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of converting the childcare subsidy into an increased tax-free allowance.
Answered by Laura Trott - Chief Secretary to the Treasury
The Government recognises the importance of supporting parents with the costs of childcare and does so through a range of childcare offers.
The Government keeps childcare policy under regular review.
Asked by: Lord Moylan (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government what discussions they had with the "build to rent" sector to understand the impact of the proposed abolition of the Stamp Duty Land Tax Multiple Dwellings Relief announced in the Spring Budget, beyond the consultation from November 2021 to February 2022.
Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)
The abolition of Multiple Dwellings Relief follows an external evaluation which found no strong evidence the relief is meeting its original objectives of supporting investment in the private rented sector.
Larger investors who purchase 6 or more properties in a single transaction can still continue to benefit from the non-residential rates of Stamp Duty Land Tax.
The government will continue to engage with stakeholders in the build to rent sector to understand any concerns.
Asked by: Toby Perkins (Labour - Chesterfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the next round of International Climate Finance from April 2026 has already been allocated under future spending plans.
Answered by Laura Trott - Chief Secretary to the Treasury
The next round of International Climate Finance falls outside of this Spending Review period. Decisions on how spending is allocated after 2024-25, including for International Climate Finance, will be made at a future Spending Review.
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make it his policy to review the (a) rate of and (b) threshold for Stamp Duty Land Tax in Northern Ireland in the context of trends in average house prices.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The government keeps all tax policy under review and changes are announced at a fiscal event as part of the normal tax policy making process.
Asked by: Carla Lockhart (Democratic Unionist Party - Upper Bann)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he (a) has had and (b) plans to have discussions with (i) Cabinet colleagues and (ii) relevant stakeholders on the potential merits of increasing the tax free childcare allowance.
Answered by Laura Trott - Chief Secretary to the Treasury
HM Treasury work closely with other Government departments and relevant stakeholders on all elements of childcare policy, including Tax-Free Childcare.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential economic impact of the European Commission’s proposals on EU customs reform of 17 May 2023 on Northern Ireland, in the context of the Windsor Framework.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.
The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.
The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has had discussions with her relevant EU counterparts on the potential impact of the European Commission’s customs reform proposal of 17 May 2023 on exporters.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.
The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.
The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.
Asked by: Gareth Thomas (Labour (Co-op) - Harrow West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential economic impact of the European Commission’s customs reform proposals of 17 May 2023 on exporters to the EU.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.
The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.
The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.
Asked by: James Murray (Labour (Co-op) - Ealing North)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the value was of (a) Class 1 employee, (b) Class 1 employer, (c) Class 2 and (d) Class 4 self-employed National Insurance Contributions receipts in the 2023-24 financial year.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Office for Budget Responsibility publishes forecast levels of National Insurance receipts in their Economic and Fiscal Outlook report.
Asked by: Ben Bradley (Conservative - Mansfield)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if his Department will make an assessment of the potential merits of seeking views on the potential impact of different VAT rates for private hire vehicle operators on market competition as part of its planned consultation on the impacts of the July 2023 High Court ruling in Uber Britannia Ltd v Sefton MBC.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government has published a consultation on the potential impacts of this court judgment on the PHV sector and its passengers. This consultation explores range of potential options to help mitigate any potential adverse effects that the court judgment could have on PHVOs, drivers, and passengers.