Every parliamentary written question tabled by Kevin Hollinrake this session, with the full answer and department. See how every department answers, or back to the MP page.
Showing 21–40 of 274 · Treasury
With reference to the Answer of 20 March 2026 to Question 119948 on Cryptocurrencies, whether any assessment has been made by (a) HM Government and (b) regulators of whether the Tether cryptocurrency is being used t
HM Treasury does not collect or hold information on the use of specific cryptoassets in political donations. Oversight of political donations rests with the Electoral Commission.
What is the average amount of time for HMRC to consider whether to levy a penalty charge against an individual taxpayer for incorrect payment of residential stamp duty.
Where HMRC identifies an inaccuracy during a compliance check into a Stamp Duty Land Tax (SDLT) return or claim, it is standard practice to also consider whether a penalty is due.In the vast majority of cases any penalty will be issued at the conclusion o...
In what circumstances does HMRC suspend a penalty for carelessly paying second homes stamp duty.
HMRC’s approach to charging and suspending penalties is set out in its compliance handbook at the links below: Compliance Handbook “Charging Penalties”https://www.gov.uk/hmrc-internal-manuals/compliance-handbook/ch400000 Compliance Handbook “Charging Pena...
Whether HMRC has issued guidance on whether a donation by an individual taxpayer of a (a) non-cash donation or (b) cryptocurrency to a political party or regulated donee creates a capital gains tax liability for the
HMRC provides guidance on how inheritance tax applies to gifts in the Inheritance Tax Manual. Gifts to qualifying political parties are exempt from Inheritance Tax where certain conditions are met. Guidance on this exemption is available here: IHTM11191 -...
With reference to the answer of 3 March 2026 to Question 114892 on Public Houses: Rural Areas, whether lower drink driving thresholds would constitute a material change of circumstances in relation to the valuation
Drink driving thresholds would not constitute a material change of circumstances (MCC) in relation to the valuation of pubs and restaurants, because such a change in legislation would not meet the requirements set out in the Local Government Finance Act 1...
Whether HMRC has provided guidance on whether (a) political donations and (b) gifts to regulated donees are exempt from inheritance tax.
HMRC provides guidance on how inheritance tax applies to gifts in the Inheritance Tax Manual. Gifts to qualifying political parties are exempt from Inheritance Tax where certain conditions are met. Guidance on this exemption is available here: IHTM11191 -...
Whether HMRC has provided (a) advice and (b) guidance on whether the payment of non-monetary donations crystallises capital gains tax liability for donors.
Capital gains tax is charged for a tax year on chargeable gains accruing in the year to a person on the disposal of assets. Donating an asset is classed as being a disposal of it and a gain may accrue at that time. Whether a capital gains tax liability ar...
What discussions she plans to have with the debt advice sector on the 5-year statutory review of the scheme.
The Debt Respite Scheme (‘the Breathing Space scheme’) was launched in May 2021 to give those in problem debt the space to engage with professional debt advice by providing a temporary relief from creditor enforcement action. Given the link between mental...
Whether HMRC has issued guidance on whether the provision of advice on tax matters by an employer in relation to matters not connected to employment is a benefit in kind.
The general rules for employment-related benefits are set out in HMRC’s guidance at: www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim20020
If she will make an assessment of the adequacy of the regulations governing financial institutions handling Tether cryptocurrency.
The Government legislated in February of this year to establish a financial services regulatory regime for cryptoassets, requiring firms to be authorised by the Financial Conduct Authority for providing relevant cryptoasset services in or to the UK. This built on previous regulatory interventions on cryptoasset money laundering and financial promotions. The Government’s approach is ensuring cryptoasset users are protected against detriment, whilst giving firms the certainty needed to invest and grow in the UK.
Pursuant to the Answer of 18 March 2026 to Question 120381 on Lord Mandelson, whether the Chief Secretary to the Treasury discussed the exit payment with (a) the Foreign, Commonwealth and Development Office and (b) 10 Downing Street.
I did not have any discussions with the Foreign Commonwealth and Development Office or 10 Downing Street on this issue.
What the time was for HMRC to determine whether to levy a penalty charge for the incorrect payment of residential stamp duty in the last 12 months.
Where HMRC identifies an inaccuracy during a compliance check into a Stamp Duty Land Tax (SDLT) return or claim, it is standard practice to also consider whether a penalty is due.In the vast majority of cases any penalty will be issued at the conclusion of the compliance check, at the same time as when the tax position is decided.The length of a compliance check depends on multiple factors such as the technical complexity of the issue and whether a customer appeals a decision. HMRC does not record separately the amount of time within compliance checks spent considering whether penalties are due.
Pursuant to the Answer of 20 March 2026 to Question 119948 on Cryptocurrencies, whether her Department holds information on whether the Tether cryptocurrency is being used to make political donations into the UK from abroad.
HMT Treasury does not collect or hold information on the use of specific cryptoassets in political donations. Oversight of political donations rests with the Electoral Commission.
Whether HMRC has issued guidance on whether a donation of cryptocurrency to a (a) political party and (b) regulated donee creates a capital gains tax liability for the donor.
HMRC has not published specific guidance on the donation of cryptoassets to political parties or regulated donees.
What assessment she has made of the potential impact of recent changes to the treatment of pensions within inheritance tax on the adequacy of the current timeframe for the payment of inheritance tax.
The changes to the inheritance tax treatment of pensions are consistent with the process which already exists for administering estates and paying any tax due. Personal representatives are already responsible for administering the rest of the estate, including non-discretionary pension schemes which are already in scope of inheritance tax. The Government recognises the general difficulties that some personal representatives may face in paying the inheritance tax due and already offers several payment options to help.
When she intends to publish an answer to Question 113817, tabled on 20 February 2026, on Public Houses: Business Rates.
I refer the Hon Member to the answer given to Question UIN113817 on 1 April 2026.
With reference to page 79 of the Budget Policy Costings 2025, published in November 2025, what assessment her Department has made of the potential impact of the reduction of the Cash ISA limit to £12,000 on revenues to the Exchequer, separate to the other measures included in that estimate.
At Autumn Budget 2025, the Government announced that the annual ISA allowance will be kept at £20,000 with the cash ISA limit set at £12,000 from April 2027 for under-65s. This is part of the wider strategy aimed at supporting people to get into investing, including Targeted Support, which will be available from April 2026. In addition, financial services firms will provide new, easily navigable ways for people to find the right UK investment for them. The Government is introducing an age carve out for those aged 65 and above in recognition that they may need more flexibility in how they manage their savings as they approach retirement. Savers over the age of 65 will continue to be able to save up to £20,000 in a cash ISA each year.The Exchequer Impact for the Reduction of the Cash ISA limit to £12,000 for under-65s from April 2027 measure in isolation is: 2026-272027-282028-292029-302030-31Exchequer Impact (£m) 0+5+15+30+45
What her policy is on the annual uprating of fuel duty by inflation.
Rates will only gradually return to early 2022 levels by March 2025. At Budget 2025, the Government extended the 5 pence–per litre cut for a further five months, until the end of August this year. The Government has also cancelled the increase in line with inflation for 2026/27; instead, rates will only gradually return to early 2022 levels by March 2027. The 5p cut was introduced at following Russia’s invasion of Ukraine in 2022, when prices reached a peak of over £1.90 per litre.Since Budget 2024, the Government's decisions to freeze fuel duty will save the average motorist over £90 – or 8-11 pence per litre – compared to the plans inherited from the previous government.
Pursuant to the answer of 21 January 2026 to Question 105914 on Cryptocurrencies, whether the Tether cryptocurrency is audited by any UK body.
HM Treasury is not privy to any information regarding Tether’s auditing arrangements.
Whether she has made an assessment of the potential implications for her policies of changes in Montenegro's money laundering legislation.
The Government is committed to protecting the UK’s financial system and identifying risks to our system. The National Risk Assessment for money laundering and terrorist financing was published in July 2025 and assessed international risks the UK faces, including risks linked to the Western Balkan region.The National Risk Assessment provides up-to-date risk information to enable the UK public and private sector to respond to evolving threats. The Government intends to develop a new public-private strategy focused on anti-money laundering and asset recovery in the coming months to respond to the risks identified.