18 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 11 November 2024 to Question 12457 on Music Venues: Business Rates, what the cost of Retail, Hospitality and Leisure business rate relief was in 2024-25.
ReplyDiscretionary relief is given to Retail, Hospitality and Leisure (RHL) properties at 75% for 2024-25, up to a cash cap of £110,000 per business. Based on local authorities’ Non-Domestic Rates form (NNDR1) returns, RHL relief is forecast to cost £2.4bn in ...
18 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 11 November 2024 to Question 12848, on Employers’ Contributions: GP’s, what (a) assessment she has made of the impact of changes to National Insurance contributions on social care providers
ReplyThe government considered the cost pressures facing adult social care and wider local government spending as part of the Spending Review process. The government is providing a real-terms uplift to core local government spending power of around 3.2% which ...
18 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 22 October 2024 to Question 8130 on Public Sector: Pay, what the gross cost was of the pay mandates for rail staff.
ReplyIndicative DfT analysis estimates that the pay award mandates issued since July 2024 for rail staff could cost approximately £135m in FY 24/25. These estimates reflect the cost above prior TOC and Network Rail budgets. Rail strikes under the last governme...
18 Nov 2024·Treasury·Answered
AskedPursuant to the answer of 11 November 2024 to Question 12552 on Employers’ Contributions: Hospices, what definition of the public sector her Department plans to use to decide whether to allocate funding for the cost
ReplyThe UK Government will provide support for departments and other public sector employers for additional employer National Insurance contributions costs. This funding will be allocated to UK Government departments, with the Barnett formula applying in the ...
18 Nov 2024·Treasury·Answered
AskedIf she will make an estimate of the number of estates that will be eligible to pay inheritance tax for each year till 2028.
ReplyThe OBR has published Table 3.13 as a part of the detailed forecast tables from the October 2024 Economic and fiscal outlook at https://obr.uk/download/october-2024-economic-and-fiscal-outlook-detailed-forecast-tables-receipts/?tmstv=1732014425. Table 3.1...
18 Nov 2024·Treasury·Answered
AskedIf she will reimburse women’s domestic violence refuges from the higher cost of employers national insurance contributions.
ReplyTo repair the public finances and help raise the revenue required to increase funding for public services, the government has taken the difficult decision to increase employer National Insurance.The Government recognises the need to protect the smallest b...
18 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 4 October 2024 to Question 4696 on Government Department: Cost Effectiveness, if she will list each efficiency saving and its value for the (a) 2024-25 and (b) 2025-26 financial years.
ReplyIn July the Government published a list of immediate savings for both 2024-25 and 2025-26 within the Fixing the foundations: public spending audit 2024-25. These savings included reducing spending on consultancy, administration budgets, communications, an...
14 Nov 2024·Treasury·Answered
AskedWhat her policy is on (a) the level of the pension annual allowance and (b) the application of a lifetime allowance to pensions.
ReplyThe Government wishes to encourage pension saving, to help ensure that people have an income, or funds on which they can draw, throughout retirement. There is no limit to the total amount you can build up in your lifetime pension savings without incurring...
14 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 1 November 2024 to Question 10443 on Civil Servants, what data her Department holds on the estimated financial impact of previously planned reductions in the size of the civil service in (a
ReplyIn a public statement on 2 October 2023, the previous Chancellor announced a cap on civil service numbers. This statement includes data on the estimated financial impacts of this policy for the remainder of the SR21 Spending Review period, ending in March...
14 Nov 2024·Treasury·Answered
AskedWith reference to paragraph 5.52 of the Autumn Budget 2024, HC 295, whether the application of inheritance tax to unused pension funds and death benefits will apply to the pension scheme established under The Pensio
ReplyAs announced at Autumn Budget 2024, from 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposesThis change will apply to all UK registered pension schemesThe impact thi...
14 Nov 2024·Treasury·Answered
AskedWith reference to paragraph 5.52 of the Autumn Budget 2024, HC 295, whether the application of inheritance tax to unused pension funds and death benefits will apply to the (a) BBC and (b) Channel 4 defined benefit p
ReplyAs announced at Autumn Budget 2024, from 6 April 2027 most unused pension funds and death benefits will be included within the value of a person’s estate for Inheritance Tax purposesThis change will apply to all UK registered pension schemesThe impact thi...
14 Nov 2024·Treasury·Answered
AskedWhat recent estimate she has made of the total revenue from (a) central government and (b) local government taxation in each year from 2023-24 for which projections are available.
ReplyThe Treasury does not publish forecasts of the economy or public finances; the Office for Budget Responsibility (OBR) is the UK’s official forecaster and provides independent analysis of the UK’s public finances.The forecast breakdown of current receipts ...
14 Nov 2024·Treasury·Answered
AskedIf she will publish her Department's contingent liability database.
ReplyThe government recognises the importance of monitoring and managing contingent liabilities, as these are fiscal obligations we need to ensure are consistent with the sustainability of the public finances. The government has taken steps to ensure this by p...
14 Nov 2024·Treasury·Answered
AskedWith reference to paragraph 2.51 of the Autumn Budget 2024, HC295, whether an (a) equality impact assessment, (b) family test assessment, (c) regulatory impact assessment, (d) rural impact assessment, and (e) enviro
ReplyThe government publishes tax information and impact notes (TIINs) for tax policy changes when the policy design is final or near final.TIINS for tax measures with legislation published at Autumn Budget 2024 have been published and can be found here: Tax i...
14 Nov 2024·Treasury·Answered
AskedWhat is the latest estimate by HM Treasury of the total revenue from business rates in England in each year from 2023-24 for which projections are available.
ReplyThe Office for Budget’s Responsibility’s (OBR) October 2024 Economic and Fiscal Outlook includes forecasts for UK business rates receipts. This is available online: https://obr.uk/docs/dlm_uploads/OBR_Economic_and_fiscal_outlook_Oct_2024.pdf.Additionally,...
14 Nov 2024·Treasury·Answered
AskedWhether she plans to replace the business rates system.
ReplyOver this Parliament, we will create a fairer business rates system that protects the high street, supports investment, and is fit for the 21st century.Fulfilling all our manifesto objectives on business rates is a multi-year process. The 2024 Autumn Budg...
14 Nov 2024·Treasury·Answered
AskedWhat her planned timetable is for publishing tax information and impact notes for tax measures announced in the Autumn Budget 2024.
ReplyThe government publishes tax information and impact notes (TIINs) for tax policy changes when the policy design is final or near final.TIINS for tax measures with legislation published at Autumn Budget 2024 have been published and can be found here: Tax i...
13 Nov 2024·Treasury·Answered
AskedWhether the Government plans to allocate additional funding to social care organisations outside the NHS to cover proposed increases in employers national insurance contributions.
ReplyThe Budget will provide support for government departments and other public sector employers for additional Employer NICs costs. Private sector firms or charities, including social care providers, that are contracted by central or local Government will no...
13 Nov 2024·Treasury·Answered
AskedIf she will make it her policy to publish an impact assessment which has been assessed by the Regulatory Policy Committee on the potential impact of the changes to National Insurance contributions announced in the A
ReplyA Tax Information and Impact Note that covers the employer NICs changes was published by HMRC on 13 November.It has not been successive Government’s policy since 2010 for tax policy changes to be assessed by the Regulatory Policy Committee.
13 Nov 2024·Treasury·Answered
AskedWith reference to Item 26 of Table 5.1 of the Autumn Budget 2024, published on 30 October 2024, HC 295, whether the funding includes monies to devolved administrations under the Barnett formula.
ReplyThe allowance for the impact on public sector organisations in item 26 of Table 5.1 of the Autumn Budget 2024 does include funding for the devolved governments, which will be provided via the Barnett formula.The UK Government will provide support for depa...