Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 10 July 2024 to Question 65661 on Wealth: Taxation, whether this will include an exit tax payable upon persons ending their UK tax residency.
Answered by James Murray - Chief Secretary to the Treasury
HMRC publishes estimates of the direct impacts of illustrative tax changes in its Direct effects of illustrative tax changes publication. The Government does not routinely publish costings for hypothetical tax changes outside of this.
The Government is committed to ensuring that the wealthiest in society pay their fair share of tax. The reforms announced at Autumn Budget 2024 were designed to help repair the public finances in a fair and balanced way.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 10 July 2024 to Question 65661 on Wealth: Taxation, whether this will include a wealth tax.
Answered by James Murray - Chief Secretary to the Treasury
I refer the Honourable Member to the answer given to UIN 65661.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when she plans to publish Ministerial transparency data on hospitality in the fourth quarter of 2024.
Answered by James Murray - Chief Secretary to the Treasury
Transparency data on hospitality received by HM Treasury Ministers can be found on gov.uk here: https://www.gov.uk/government/collections/register-of-ministers-gifts-and-hospitality
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an assessment of the fiscal impact of introducing a wealth tax.
Answered by James Murray - Chief Secretary to the Treasury
The Government is committed to making sure the wealthiest in our society pay their fair share of tax. That is why the Chancellor announced a series of reforms at Autumn Budget 2024 to help fix the public finances in as fair a way as possible. These and other decisions announced at the Budget will help repair the public finances and fund public services such as the NHS and education.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential fiscal impact of introducing an exit tax payable upon persons ending their UK tax residency.
Answered by James Murray - Chief Secretary to the Treasury
HMRC publishes regular estimates of the direct impacts of illustrative tax changes in its Direct effects of illustrative tax changes publication. However, the Government does not routinely publish costings for hypothetical tax changes outside of this.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what private businesses she has consulted on the business rates system.
Answered by James Murray - Chief Secretary to the Treasury
The Government published a Discussion Paper at Autumn Budget 2024 setting out priority areas for business rates reform. This paper invited industry to help co-design a fairer business rates system that supports investment and is fit for the 21st century. The Treasury received over 160 written responses to that Discussion Paper and met with over 250 stakeholders from a range of different sectors.
On 17 February, the Government published a ‘forward look’ of the expected timeline for reforms announced at Autumn Budget 2024, and how stakeholders should engage with the Government on business rates reform going forwards.
In the summer, the Government will publish an interim report that sets out a clear direction of travel for the business rates system, with further policy detail to follow at Budget 2025.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the answer of 23 June to Question 61021 on Taxation: Domicil, how many P85 forms have been submitted in each month in the last five years.
Answered by James Murray - Chief Secretary to the Treasury
The table below shows the number of P85 forms submitted to HMRC electronically each month between May 2020 and May 2025.
P85 forms are submitted by taxpayers who are not intending to submit a self-assessment tax return. Individuals who file through Self-Assessment (e.g. those with other sources of income such as self-employment or those claiming non-domiciled status) do not need to submit a P85 form.
Counts of submitted P85 forms in March 2024 and September 2024 are labelled as [x] due to incomplete data.
Month | P85 iForms |
May 2020 | 2,900 |
Jun 2020 | 2,800 |
Jul 2020 | 3,200 |
Aug 2020 | 4,100 |
Sep 2020 | 5,300 |
Oct 2020 | 4,400 |
Nov 2020 | 4,600 |
Dec 2020 | 4,100 |
Jan 2021 | 4,000 |
Feb 2021 | 2,800 |
Mar 2021 | 3,200 |
Apr 2021 | 3,000 |
May 2021 | 2,500 |
Jun 2021 | 2,300 |
Jul 2021 | 2,600 |
Aug 2021 | 2,800 |
Sep 2021 | 3,300 |
Oct 2021 | 3,300 |
Nov 2021 | 2,900 |
Dec 2021 | 2,400 |
Jan 2022 | 3,200 |
Feb 2022 | 2,300 |
Mar 2022 | 2,500 |
Apr 2022 | 2,200 |
May 2022 | 2,000 |
Jun 2022 | 1,900 |
Jul 2022 | 2,200 |
Aug 2022 | 2,700 |
Sep 2022 | 2,900 |
Oct 2022 | 3,000 |
Nov 2022 | 2,800 |
Dec 2022 | 2,300 |
Jan 2023 | 3,700 |
Feb 2023 | 2,800 |
Mar 2023 | 3,200 |
Apr 2023 | 3,100 |
May 2023 | 2,900 |
Jun 2023 | 2,800 |
Jul 2023 | 3,400 |
Aug 2023 | 3,400 |
Sep 2023 | 3,800 |
Oct 2023 | 4,100 |
Nov 2023 | 3,700 |
Dec 2023 | 3,200 |
Jan 2024 | 4,500 |
Feb 2024 | 3,400 |
Mar 2024 | [x] |
Apr 2024 | 4,100 |
May 2024 | 3,400 |
Jun 2024 | 3,400 |
Jul 2024 | 3,900 |
Aug 2024 | 4,300 |
Sep 2024 | [x] |
Oct 2024 | 5,800 |
Nov 2024 | 3,400 |
Dec 2024 | 5,000 |
Jan 2025 | 6,400 |
Feb 2025 | 4,900 |
Mar 2025 | 5,500 |
Apr 2025 | 5,300 |
May 2025 | 4,500 |
Individuals can either use the online system to submit a P85 iForm or fill in a paper form and submit it by post. Postal form data for the last five years is not available. The data provided in the table above contains only customers who have submitted iForms.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate she has made of the number of (a) higher rate and (b) additional rate taxpayers that have left the United Kingdom in the period from 4 July 2024 to 31 May 2025.
Answered by James Murray - Chief Secretary to the Treasury
Taxpayers are not always required to inform HM Revenue and Customs when they leave the UK. Some taxpayers outside of Self Assessment might file a P85 form after leaving the UK, but only where they are seeking to claim a repayment of income tax.
Taxpayers in Self Assessment can indicate that they have become non-resident after leaving the UK, but tax returns for the 2024 to 2025 and the 2025 to 2026 tax years are not due to be received by HMRC until 31 January of 2026 and 2027 respectively.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what representations her Department has made to the Office for National Statistics on the economic classification assessment of British Steel.
Answered by Darren Jones - Minister for Intergovernmental Relations
HM Treasury officials work with the independent Office for National Statistics (ONS) to discuss their forward workplan for economic statistics classifications and the priorities for HM Treasury within that workplan (as set out in the ONS’ website). These discussions have included the review of the classification of British Steel, which the ONS' forward work plan notes they expect to complete in Quarter 2 (April-June) of 2025.
Asked by: Andrew Griffith (Conservative - Arundel and South Downs)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the total stock of UK corporate bonds held by non-resident investors was in each quarter of the last five years for which figures are available.
Answered by James Murray - Chief Secretary to the Treasury
As part of their Balance of Payments release, the Office for National Statistics produce statistics on cross-border transactions and positions. This includes information on the aggregate market value of UK quoted equities held by non-resident investors, net inflows of portfolio and other investment from non-resident investors, as well as the total stock of UK corporate bonds held by non-resident investors.
The ONS published their most recent Balance of Payments release on 28 March 2025, which is available on their website at Balance of Payments, UK - Office for National Statistics. The statistics on inflows and stocks/market values can be found in Table J and in Table K respectively.