Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment the Government has made of the potential merits of increasing Small Business Rate Relief for businesses in London.
Answered by Jane Ellison
The Government announced at Budget 2016 a £6.7 billion business rates reduction package benefitting all ratepayers, and recommitted to this at Autumn Statement 2016. This package includes permanently doubling and increasing the thresholds of Small Business Rate Relief from April 2017.
These reforms mean businesses, including those in London, with a property with a rateable value of £12,000 and below will receive 100% relief. Businesses with a property with a rateable value between £12,000 and £15,000 will receive tapered relief.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to extend the Help to Buy Mortgage Guarantee scheme beyond 31 December 2016.
Answered by Simon Kirby
The Help to Buy: mortgage guarantee scheme is due to close to new loans at the end of year as planned.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many new distilleries have been registered in the UK since 2012.
Answered by Damian Hinds - Minister of State (Education)
HM Revenue and Customs does not hold real time information on the number of distillery licenses issued.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what support his Department is providing to the UK spirits industry.
Answered by Damian Hinds - Minister of State (Education)
The government is committed to supporting the UK spirits industry. The duty on spirits was cut by 2% at March Budget 2015, building on the duty freeze at Budget 2014.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps his Department has taken to prepare for the implementation of the proposed General Data Protection Regulation; which non-departmental public bodies (NDPBs) and agencies overseen by his Department will be affected by that regulation; and what estimate he has made of the potential liability of his Department, its agencies and NDPBs in connection with that proposed regulation.
Answered by Harriett Baldwin
Negotiations on the proposed General Data Protection Regulation are still continuing and our negotiating position has taken into account the likely impact on Government Departments, NDPBs and agencies. Once the outcome of trilogue negotiations between the Council of the European Union, the European Parliament and the Commission are complete, and the Regulation has been adopted, the liabilities will be further assessed. There will then follow a maximum implementation period of two years. Between now and then, Government departments who will be affected by the Regulation are closely involved in work led by the Department for Culture, Media & Sport to consider the implications of the text as it develops through the negotiating process.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent estimate he has made of how much consumers of spirits paid in duty, tax and VAT in the latest period for which figures are avaiable.
Answered by Priti Patel
Receipts from duties on spirits that are released for consumption in the UK are published in our monthly alcohol bulletin:
https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutybulletins.aspx
Information on VAT paid by consumers on spirits is not available. HM Revenue & Customs do not collect data on VAT receipts by individual goods or services.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many jobs are supported by the spirits industry in the UK.
Answered by Priti Patel
Ernst & Young (EY) have recently published its economic impact analysis of the spirits industry in the UK. The EY report which can be found online includes estimates of the spirits industry’s financial contribution to the UK economy, contribution to economic activity and the number of jobs the industry supports.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the contribution of the spirits industry to economic activity in the wider economy.
Answered by Priti Patel
Ernst & Young (EY) have recently published its economic impact analysis of the spirits industry in the UK. The EY report which can be found online includes estimates of the spirits industry’s financial contribution to the UK economy, contribution to economic activity and the number of jobs the industry supports.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent estimate he has made of the financial contribution of the spirits industry to the UK economy.
Answered by Priti Patel
Ernst & Young (EY) have recently published its economic impact analysis of the spirits industry in the UK. The EY report which can be found online includes estimates of the spirits industry’s financial contribution to the UK economy, contribution to economic activity and the number of jobs the industry supports.
Asked by: Stephen Hammond (Conservative - Wimbledon)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to table 4.1 in HM Revenue and Customs report, The Exchequer effect of the 50 per cent additional rate of income tax, published in March 2012, what recent estimate his Department has made of taxable income elasticity for the UK economy.
Answered by David Gauke
i, ii and iii. The estimated impact of the additional rate on tax liabilities is set out in Chapter 5 of the HM Revenue and Customs report “The Exchequer effect of the 50 per cent additional rate of income tax”. This report sets out the latest estimates of the taxable income elasticity, and the forestalling and other behavioural effects. It is available at:
iv. In 1988 the top rate of income tax was reduced from 60 per cent to 40 per cent (the ‘higher rate’). The table below details the tax liabilities for higher rate payers from 1997/98 to 2009/10. Comparable figures are not available for the previous years.
Tax Year | Tax Liability after Deductions £million |
1997/1998 | 32,900 |
1998/1999 | 38,590 |
1999/2000 | 45,700 |
2000/2001 | 54,000 |
2001/2002 | 56,400 |
2002/2003 | 57,000 |
2003/2004 | 57,100 |
2004/2005 | 65,200 |
2005/2006 | 76,400 |
2006/2007 | 84,300 |
2007/2008 | 93,200 |
2008/2009 | 89,700 |
2009/2010 | 82,800 |
v. Current and previous estimates of revenue from the 50% income tax rate can be found in the Office of Budget Responsibility’s March 2012 Economic Fiscal Outlook report, “Box 4.2: The additional rate of income tax”.
£ billion | |||||||
Outturn | Forecast | ||||||
Liabilities Basis | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 |
Underlying Impact of 50p rate: Original Estimate OBR estimate June 2010 (TIE=0.35) | 0.0 | 2.5 | 2.5 | 2.7 | 2.9 | 3.2 | 3.5 |
Current Costing1 | 0.0 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 |
Difference | 0.0 | -1.8 | -1.9 | -2.1 | -2.2 | -2.5 | -2.7 |
1 Based on the current estimates cost of reduction in the rate from 50% to 40%
vi. Chart 5.1 of the HMRC Report details the number of taxpayers with incomes above £150,000 for the years 2000/01 to 2010/11 (see link above).
The estimated number of taxpayers liable to the additional rate of income tax for more recent years is published in the HMRC National Statistics table 2.1 available at:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/306826/Table_2.1.pdf
vii. Estimates of income tax liabilities by income range are published in the HMRC National Statistics table 2.5 available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/306857/Table_2.5.pdf
Shares of income tax liabilities by percentile group are available in table 2.4 at:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/306831/Table_2.4.pdf
These estimates are based on the Survey of Personal Incomes (SPI) outturn data up to 2011-12, and then projected to 2013-14 in line with the Office for Budget Responsibility's latest economic and fiscal outlook.