28 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 9 September 2024 to Question 2820 on Private Education: Business Rates, whether a (a) sports playing field and (b) playground is a positive material consideration by the Valuation Office Ag
ReplyAll intrinsic physical characteristics of the school are taken into consideration, and both sports playing fields and playgrounds are material considerations which positively impact the calculated rateable value.
27 Nov 2024·Treasury·Answered
AskedWhat assessment she has made of the potential impact of proposed changes to (a) employer National Insurance contributions and (b) business rate relief on community pubs.
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 ...
21 Nov 2024·Treasury·Answered
AskedWith reference to the Autumn Budget 2024, HC 295, what the revenue effect will be of the combination from 2026-27 of the ending of 75% retail, hospitality and leisure (RHL) rate relief, the new RHL lower multiplier,
ReplyAs set out at Budget, the government intends to introduce permanently lower tax rates for high-street retail, hospitality, and leisure (RHL) properties from 2026-27. However, this plan to provide support for the high street must be sustainable. That is wh...
20 Nov 2024·Treasury·Answered
AskedHow many hereditaments in England have a rateable value over £500,000 broken down by Special Category Code.
ReplyThe VOA publishes official statistics on Non-Domestic Rating on gov.uk. The number of properties over £500,000 in rateable value broken down by property sector is published. This can be found in table 2.2 here:https://assets.publishing.service.gov.uk/medi...
20 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 16 October 2024 to Question 7829 on Council Tax: Wales, what information the Valuation Office Agency plans to publish before April 2025.
ReplyAs outlined in the response to PQ UIN 7829, the Valuation Office Agency (VOA) will publish further information on the model and its use in supporting the Welsh Government’s Council Tax reform ambitions on its website before April 2025. In addition, the VO...
20 Nov 2024·Treasury·Answered
AskedWhat estimate her Department has made of revenues to the Exchequer from business rates in England in each of the next five financial years.
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.
20 Nov 2024·Treasury·Answered
AskedIf she will make an assessment of the potential impact of changes to the level of employer's National Insurance contributions at the Autumn Budget 2024 on the average cost of a pint of beer in a pub.
ReplyA Tax Information and Impact Note on the changes to employer NICs was published on 13 November alongside the legislation when it was introduced to Parliament. The latest forecasts for tax revenues were published alongside the Office for Budget Responsibil...
20 Nov 2024·Treasury·Answered
AskedWhat her Department’s definition of a working person is for the purposes of policy development.
ReplyA working person is someone who goes out to work and works for their income. The government has committed to not increase taxes on working people, protecting their payslips against higher taxes. This means no increase in the basic, higher or additional ra...
20 Nov 2024·Treasury·Answered
AskedWhether value significant codes are used by the Valuation Office Agency in the Automated Valuation Model for Wales.
ReplyValue Significant Codes (VSCs) indicate the existence of specific features that are likely to affect the value of a property either positively or negatively. The Automated Valuation Model utilises some VSCs, as published in PQ UIN 19500.
15 Nov 2024·Treasury·Answered
AskedPursuant to the Answer of 5 November 2024 to Question 11656 on Tax Avoidance, what her timescales are for (a) commissioning and (b) receiving the review.
ReplyI refer the honourable Member to the answer I gave to Question UIN 12606 on 11 November 2024.
31 Oct 2024·Treasury·Answered
AskedWhat estimate her Department has made of the number of farmers who will be affected by the withdrawal of agricultural property relief in Thirsk and Malton constituency.
ReplyThe Government has published information about the reforms to agricultural property relief at https://www.gov.uk/government/news/what-are-the-changes-to-agricultural-property-relief#:~:text=From%206%20April%202026%2C%20the,rather%20than%20the%20standard%2...
29 Oct 2024·Treasury·Answered
AskedWhether it remains her policy to commission an independent review of the Loan Charge.
ReplyThe government announced at Autumn Budget that it will commission an independent review of the Loan Charge to help bring the matter to a close for those affected whilst ensuring fairness for all taxpayers. Further details about the review will be set out ...
10 Sept 2024·Treasury·Answered
AskedWhat assessment she has made of the effectiveness of business relief for Inheritance Tax in supporting family owned businesses.
ReplyHMRC publishes data regularly about the number of claims and the cost of non-structural tax reliefs, such as agricultural property relief and business property relief. The information can be found at www.gov.uk/government/statistics/main-tax-expenditures-...
10 Sept 2024·Treasury·Answered
AskedWhat assessment she has made of the effectiveness of agricultural relief for Inheritance Tax in supporting farming businesses.
ReplyHMRC publishes data regularly about the number of claims and the cost of non-structural tax reliefs, such as agricultural property relief and business property relief. The information can be found at www.gov.uk/government/statistics/main-tax-expenditures-...