Asked by: Richard Burgon (Labour - Leeds East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the total amount of tax that has been (a) avoided, (b) evaded and (c) uncollected in (i) the last 12 months, (ii) since 2019 and (iii) since 2010.
Answered by Victoria Atkins - Shadow Secretary of State for Environment, Food and Rural Affairs
HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics are published annually and are available on the GOV.UK website here: https://www.gov.uk/government/statistics/measuring-tax-gaps.
Historical figures for the tax gap for taxpayer behaviours can be found in table 7.1 of the online tables on the GOV.UK website here: https://www.gov.uk/government/statistics/measuring-tax-gaps-tables.
Asked by: Richard Burgon (Labour - Leeds East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the the value of (a) suspected benefit fraud in the last 12 months and (b) unpaid benefits in the last 12 months.
Answered by John Glen
Department for Work and Pensions’ (DWP) estimates on the value of both fraud and error in the benefit system can be found in their annually published statistical report on the Monetary Value of Fraud and Error, the latest version of which can be found at https://www.gov.uk/government/statistics/fraud-and-error-in-the-benefit-system-financial-year-2021-to-2022-estimates. The estimates for 2022-23 are due to be published by DWP on 11 May.
Asked by: Richard Burgon (Labour - Leeds East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the Government's Observations made on 7 November 2022 on petition P002765 on the Energy Profits Levy, presented by the hon. Member for Leeds East on 7 September 2022, (a) if he will publish a breakdown of the £28 billion that the Government estimates will be raised by that levy over the period 2025-26 and (b) how much in total does he expect to be raised in Financial Year 2022-23 from taxes on North Sea oil and gas companies including both normal taxes and the Energy Profits Levy.
Answered by James Cartlidge - Shadow Secretary of State for Defence
A breakdown of revenues expected from the Energy Profits Levy (EPL) for the period 2022-23 to 2026-27 is published in the 23 September Growth Plan, Table 4.2.
Estimates for the other North Sea taxes (ring-fence Corporation Tax and Petroleum Revenue Tax) are published in Table 3.4 of the Office for Budget Responsibility’s Economic and Fiscal Outlook (March 2022).
Updated estimates for all of these taxes will be published at the Autumn Statement on 17 November.
Asked by: Richard Burgon (Labour - Leeds East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent estimate he has made of (a) the taxable profits of North Sea oil and gas companies and (b) Government tax revenues derived from North sea oil and gas companies in the Financial Years (i) 2022-3, (ii) 2023-24 and (iii) 2024-25.
Answered by Richard Fuller - Shadow Chief Secretary to the Treasury
HM Treasury does not produce estimates of profits of North Sea oil and gas companies.
Forecasts for Government revenues from oil and gas production are provided by the Office for Budget Responsibility (OBR). Their most recent published forecast, provided for Spring Statement 2022 on 23 March, is available on the OBR website at: https://obr.uk/efo/economic-and-fiscal-outlook-march-2022/.
Asked by: Richard Burgon (Labour - Leeds East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an estimate of the number of people with wealth over £10 million in each of the past 10 years.
Answered by Lucy Frazer
The tax information HMRC holds does not include comprehensive data on the wealth of taxpayers.
The Office for National Statistics undertakes a Wealth and Assets survey biennially, which can be found here: https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/datasets/totalwealthwealthingreatbritain.
Table 2.5 provides a percentage of households estimated to have wealth of over £1 million. The most recent estimate was 17 per cent of households.