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 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·Department of Health and Social Care·Answered
AskedPursuant to the Answer of 22 October 2024 to Question 8130 on Public Sector: Pay, what the gross cost was of the doctors pay deal.
ReplyThe resident doctors accepted the Government’s pay offer to provide an additional pay uplift worth an average of 4.05% on top of their existing pay award for 2023/24, which has an estimated gross cost to the Department of approximately £350 million per ye...
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
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
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
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 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 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
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...
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 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
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...
13 Nov 2024·Treasury·Answered
AskedWith reference to paragraph 5.146 of the Autumn Budget 2024, HC 295, what estimate her Department has made of the potential savings to the public purse for changes to the High Income Child Benefit Charge in each of
ReplyIt is estimated that reforming the High Income Child Benefit Charge to be charged on a household income basis, with thresholds set to £120,000-£160,000 so that no families lose out, would cost £1.4 billion in 2029-30. This is an internal HM Treasury estim...
13 Nov 2024·Treasury·Answered
AskedPursuant to the Answers of 1 November 2024 to Question 10988 on Treasury: recruitment, of 14 October 2024 to Question 6117 on Department for Transport: Civil Servants and of 4 October 2024 to Question 2937 on Depart
ReplyAs is the case here, where the number of individuals is fewer than 5, we consider that to provide an exact figure would constitute the disclosure of personal data.
13 Nov 2024·Treasury·Answered
AskedWhether special advisers in her Department have met representatives of Anacta since the general election.
ReplyAll relevant meetings attended by special advisers are declared in the normal way in the department’s quarterly transparency releases.
13 Nov 2024·Treasury·Answered
AskedIf she will list each (a) saving and (b) efficiency planned by her Department for the 2024-25 financial year to help meet the Government's overall savings target.
ReplyThrough Spending Review 2025 Phase 1 HM Treasury received funding in 2024-25 for discrete, new pressures that have arisen since the previous Spending Review, such as the Post Office Enquiry and Extraordinary Revenue Acceleration funding for Ukraine. No ad...
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 agricultural and business property relief announced
ReplyThe Government published information about the reforms to agricultural property relief and business property relief at www.gov.uk/government/publications/agricultural-property-relief-and-business-property-relief-reforms, and further explanatory informatio...
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.