Every parliamentary written question tabled by Neil Duncan-Jordan this session, with the full answer and department. See how every department answers, or back to the MP page.
Showing 121–128 of 128 · Treasury
How many people are (a) below the threshold for income tax, (b) paying income tax at 20%, (c) paying income tax at 40% and (d) paying income tax at 45%.
The number of individuals with a tax liability, set out by tax band, can be found in Table 2.1 below:https://www.gov.uk/government/statistics/number-of-individual-income-taxpayers-by-marginal-rate-gender-and-ageHMRC does not publish estimates on the numbe...
What steps she is taking to assess the levels of (a) tax avoidance and (b) tax evasion within the economy.
HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics are published annually and are available at: Meas...
If she will make an assessment of the potential savings to the public purse if the higher rate of pension tax relief was reduced to (a) 30 and (b) 20 percent.
The Government does not publish such estimates.
What assessment she has made of the potential merits of hypothecating future tax increases to fund specific public services.
It is right that public spending is sustainably funded through a mix of taxes. The government will ensure that its tax reforms support its wider objectives of making the tax system fairer whilst protecting working people. The Chancellor will set out tax a...
Whether she plans to exempt the children of military families from the proposal to apply VAT to private school fees.
The Government is committed to breaking down barriers to opportunity, ensuring every child has access to high-quality education, which is why we have made the tough decision to end tax breaks for private schools. This will raise revenue for essential public services, including investing in the education system. Recognising the enormous sacrifices our military families make, the Ministry of Defence provide the Continuity of Education Allowance (CEA) to eligible Service Personnel. The government will monitor closely the impact of these policy changes on affected military families and the upcoming Spending Review is the right time to consider any changes to this scheme. The Government has published a technical Note and draft VAT legislation outlining the changes; a technical consultation will be open until 15 September.
What steps her Department is taking to ensure that shared banking hubs help improve access to cash for people who are financially excluded.
The Government is committed to protecting cash and the FCA published its final regulatory rules on 18 July. The Government also is working closely with the financial services sector to roll out at least 350 banking hubs. These will provide individuals, including those who are financially excluded, with critical cash and banking services. Cash Access UK expects to have 100 hubs open by the end of the year.
How many and what proportion of people over State Pension age paid income tax at (a) the basic rate of 20%, (b) the higher rate of 40% and (c) the additional rate of 45% in the last financial year.
The estimated number of people who paid Income Tax by marginal rate in the 2023 to 2024 tax year can be seen in Table 1 below: Table 1: number of Income Tax payers over the State Pension age by marginal rate of Income Tax for 2023-24 Savers Rate taxpayer aged 66 and overBasic Rate taxpayer aged 66 and overHigher Rate taxpayer aged 66 and overAdditional Rate taxpayer aged 66 and overPopulation of SP aged Income Tax Payers84,3007,020,000744,00091,500 A Scottish Income Tax payer with any taxable non-savings non-dividends income within the Scottish starter and intermediate bands is classified as a basic rate Income Tax payer, as this is the top rate they are paying. A Scottish Income Tax payer with only savings and/or dividend income within this band is also classified as a basic rate Income Tax payer. The proportions can be calculated using the 12.4 million estimate of individuals over the State Pension age in the UK. This estimate is based on the latest National population projections: 2021-based interim publication from the Office for National Statistics. The estimates are based upon the 2021 to 2022 Survey of Personal Incomes, projected in line with economic assumptions consistent with the Office for Budget Responsibility’s March 2024 Economic and Fiscal Outlook.
If she will make an estimate of the impact of removing the entitlement to the Winter Fuel Allowance from people over State Pension age who pay tax at (a) the higher rate of 40% and (b) the additional rate of 45% on the public purse in the next financial year.
The Government does not publish estimates of the impacts on the public purse of removing the entitlement to the Winter Fuel Payment from people over State Pension age who pay income tax at the higher rate or additional rate.In face of the substantial pressures faced by the public finances this year and next, the government has had to make hard choices to bring the public finances back under control, including targeting Winter Fuel Payments.Winter Fuel Payments will continue to be paid to pensioner households with someone receiving Pension Credit or certain other income-related benefits. This means that the Winter Fuel Payment will be better targeted to low income pensioners who need it.