Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans his Department has to extend the financial support offered to businesses for PAYE and National Insurance contributions to include VAT payments; and what assessment he has made of the effect of VAT liability on cashflow where customers enter administration.
Answered by Jesse Norman
The Chancellor has announced an unprecedented economic response to support businesses. This includes deferment of VAT payments. No VAT-registered business will have to make a VAT payment alongside their VAT return to HMRC from now through to June. Businesses will have until the end of the financial year to pay these bills. This is a direct injection of more than £30bn of cash to businesses, equivalent to 1.5% of GDP.
Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the financial effect on the bingo industry of the change to bingo duty in 2014.
Answered by Simon Clarke
No assessment has been made. Bingo Duty was reduced to 10% at Budget 2014 in recognition of bingo halls’ benefits to local community life.
Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent estimate he has made of the rate of gross profit tax levied from (a) the Football Pools and (b) bookmakers; what the rationale is for applying the same rate of duty to the Football Pools and bookmakers; and what recent assessment he has made of reducing the reducing the rate of the Pools Betting Duty to 10 per cent.
Answered by Simon Clarke
No recent estimate has been made. Pool Betting Duty raises around £5m and General Betting Duty raises around £600m in revenue for the Exchequer per annum.
The rate of duty on the Football Pools and Bookmakers was set by the previous Government. Reducing Pool Betting Duty to 10% is likely to have a negligible effect on the Football Pools, but could put revenue at risk particularly through incentivising switching of products from fixed odds bets to pooled bets. HM Treasury however keeps all taxes under active review.
Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the cost to the public purse of was decommissioning projects in the (a) Northern, (b) Central and (c) Southern North Sea in (i) 2016 and (ii) 2017; and what estimate he has made of the cost to the public purse in each North Sea region in 2018.
Answered by Robert Jenrick
We do not hold information that provides a breakdown of decommissioning tax relief by region, or a historic breakdown by year.
HM Revenue and Customs currently estimate that the total cumulative Exchequer cost of decommissioning tax relief (comprised of Petroleum Revenue Tax, Ring Fence Corporation Tax and Supplementary Charge) will be £24 billion out to 2062/63.
Further details can be found in the recently published statistics of government revenues from UK oil and gas: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/721314/Statistics_of_government_revenues_from_UK_oil_and_gas_production__June_2018__.pdf.
Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the change in tax liabilities for shipping companies in the tonnage tax scheme in each financial year from 2015-16 to 2018-19.
Answered by Mel Stride - Secretary of State for Work and Pensions
Information on the cost of Tonnage Tax is published in the HM Revenue and Customs (HMRC) National Statistics table ‘Estimated Cost of Principal Tax Reliefs’, available on GOV.UK, including estimates for 2016-17 and 2017-18. Data are not available for 2018-19.
The full publication can be found at:
Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the change in tax liabilities for shipping companies in the tonnage tax scheme in (a) 2015-16 and (b) 2016 to date.
Answered by David Gauke
HMRC publishes the estimated reduction in tax liabilities accrued by the UK Shipping Industry through the tonnage tax regime for 2012-13 to 2015-16. These are available at the link below:
Tax returns are not yet available for 2016, the estimate for 2015/16 is the latest available.
Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what total (a) gross and (b) net revenue has been collected by HM Revenue and Customs from companies in the tonnage tax scheme since 2000-01.
Answered by David Gauke
The table below shows estimated tax liabilities due to tonnage tax for each year from 2000-01 to 2013-14 (the latest year for which data are currently available):
Tax | Tax Liabilities |
Year | £m Rounded |
2000-01 | 1.4 |
2001-02 | 2.3 |
2002-03 | 2.9 |
2003-04 | 3.1 |
2004-05 | 3.4 |
2005-06 | 3.9 |
2006-07 | 4.3 |
2007-08 | 4.3 |
2008-09 | 4.4 |
2009-10 | 4.6 |
2010-11 | 4.6 |
2011-12 | 4.4 |
2012-13 | 4.2 |
2013-14 | 3.6 |
Notes: 1. The latest data for 2013/14 are provisional and may be subject to change.
Asked by: Ian Mearns (Labour - Gateshead)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) company groups and (b) vessels qualified for the tonnage tax scheme in each year since 2008-09.
Answered by David Gauke
The table below shows the number of tonnage tax groups and vessels that have reported tonnage tax profits in each year since 2008. The latest data available are for 2013.
Year | Tonnage tax groups | Vessels |
2008 | 80 | 1,190 |
2009 | 80 | 1,070 |
2010 | 80 | 1,080 |
2011 | 75 | 1,050 |
2012 | 75 | 1,140 |
2013 | 70 | 1,080 |
Notes: