Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South and Mid Down)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has had discussions on further fiscal devolution with Ministers in the Northern Ireland Department of Finance during this current Stormont mandate.
Answered by James Murray - Chief Secretary to the Treasury
HM Treasury and Northern Ireland Executive Ministers have regular discussions.
The Northern Ireland Executive’s Interim Fiscal Framework published in May 2024 stated that a full Fiscal Framework would consider the principles of fiscal devolution.
The scope and scale of the full Fiscal Framework will be subject to agreement between the UK Government and the Northern Ireland Executive.
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South and Mid Down)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the Northern Ireland Department of Finance Minister has submitted fiscal devolution plans to her Department in this current Stormont mandate.
Answered by James Murray - Chief Secretary to the Treasury
HM Treasury and Northern Ireland Executive Ministers have regular discussions.
The Northern Ireland Executive’s Interim Fiscal Framework published in May 2024 stated that a full Fiscal Framework would consider the principles of fiscal devolution.
The scope and scale of the full Fiscal Framework will be subject to agreement between the UK Government and the Northern Ireland Executive.
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South and Mid Down)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many families exceeded the tax-free childcare cap in each year since 2017.
Answered by James Murray - Chief Secretary to the Treasury
Families cannot exceed the limits within their Tax Free Childcare accounts because the system automatically restricts government top-ups once the cap for the 3 month period is reached. Families can still make payments to childcare providers from their account without the top-up.
Official statistics on Tax-Free Childcare are published quarterly and further details can be found at:
https://www.gov.uk/government/collections/tax-free-childcare-quarterly-statistics
Asked by: Claire Hanna (Social Democratic & Labour Party - Belfast South and Mid Down)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to to clause 32 in the Windsor Framework relating to VAT and excise, what assessment she has made of the potential merits of reducing the VAT rate in Northern Ireland.
Answered by Dan Tomlinson - Exchequer Secretary (HM Treasury)
VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies consistently across the UK to most goods and services. VAT is the UK’s second largest tax, forecast to raise £180 billion in 2025/26. Exceptions to the standard rate have always been limited and balanced against affordability considerations.