Business: Tax Allowances

(asked on 28th January 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will publish the annual cost to the to the Exchequer of all subsidies and reliefs for business in the financial years 2010 to 2015.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 5th February 2016

Tax Reliefs

HM Revenue and Customs (HMRC) publishes the Exchequer cost for around 180 reliefs in its annual publication on the cost of tax reliefs. This list includes reliefs provided to both individuals and households as well as businesses.

The data for the years 2012-13 to 2015-16 was published on 31 December 2015 and a link is provided below:

https://www.gov.uk/government/collections/tax-expenditures-and-ready-reckoners

The data for the years 2010-11 and 2011-12 were published in December 2011 and 2012 and a link is provided below:

http://webarchive.nationalarchives.gov.uk/20121103081415/http://hmrc.gov.uk/stats/tax_expenditures/menu.htm

http://webarchive.nationalarchives.gov.uk/20130103073027/http://hmrc.gov.uk/statistics/expenditures.htm

Public Spending Grants and Subsidies

Information on ‘subsidies to private sector companies’ is published in Public Expenditure Statistical Analyses. A link is provided below:

https://www.gov.uk/government/statistics/public-expenditure-statistical-analyses-2015

Table 2.1 on budgetary expenditure by economic category of spend includes this category on page 40 under ‘resource budgets’. Information is published for the last five outturn years.

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