Every parliamentary written question tabled by Tom Hayes this session, with the full answer and department. Back to the MP page.
Showing 1–15 of 15 · Treasury
What assessment she has made of the potential merits of donating excess vehicles from the Government estate to Ukraine.
The UK’s commitment to Ukraine is ironclad. We are making a significant commitment to Ukraine in 2026, including $2bn of guarantees for World Bank lending and $1bn of ERA loans. We also have a standing commitment to provide £3bn p.a. in military support, providing Ukraine with a further £6bn of support over the next two years.
What assessment she has made of the adequacy of the OBR's report entitled Economic and fiscal outlook, published in November 2025.
The OBR’s November 2025 Economic and Fiscal Outlook is a detailed document, and plays a key role in our robust and transparent fiscal framework.The report shows that growth is up this year, that living standards are up over the Parliament, and that we are getting borrowing and debt down.
What steps her Department is taking with the financial sector to support the transition to net zero.
The UK’s sustainable finance sector is world leading, and the Government is actively mobilising capital to support the transition and improve our energy independence.Since July 2024, over £50 billion of private investment has been announced in clean energy industries and this summer the Government set out our vision for the UK’s sustainable finance regulatory framework in the Financial Services Growth and Competitiveness Strategy.
With reference to the Institute for Fiscal Studies report entitled, The short- and medium-term effects of Sure Start on children’s outcomes, published in May 2025, what assessment she has made of the impact of Sure Start children's centres on long term potential earnings.
The Government shares the IFS’s assessment that Sure Start made a positive impact on children’s outcomes. To this end, the government recently announced over £500 million investment by the end of 2028 to roll out Family Hubs to every local authority in England over the Spending Review period. The programme aims to reach children in the most disadvantaged areas and draws on the legacy of Sure Start to ensure all children have the best start in life.
What assessment she has made with Cabinet colleagues of the potential impact of the cost of (a) living and (b) housing on the number of families choosing to have a child.
We know increased costs in essential areas worrying and cause hardship and hardship for many families with children. The Government is taking a comprehensive approach—providing support while addressing the structural changes necessary to fix the country's foundations. We are supporting families with everyday costs, including an uplift of over £1.6 billion per year by 2028-29 for government-funded childcare, rolling out Best Start Family Hubs to every LA in England, and extending Free School Meals eligibility to all children in England with a parent receiving Universal Credit. The Government has also extended the Household Support Fund in England which helps households facing the greatest hardship with the cost of essentials such as food, energy and water. At the Spending Review, we committed to continue investing in crisis support to enable a new Crisis and Resilience Fund, including support for housing costs and to fund councils to support some of the poorest households so that their children do not go hungry outside of term time. We also funded the biggest boost to social and affordable housing in a generation through the Affordable Homes Programme.
Whether she has made a recent assessment of the potential merits of exempting DIY loft insultation from VAT.
Installations of qualifying energy-saving materials (ESMs), including insulation materials, in residential accommodation and buildings used solely for a charitable purpose benefit from a temporary VAT zero rate until March 2027. After this, they will revert to the reduced rate of VAT at five per cent. Insulation products purchased for DIY insulation are subject to the standard rate of VAT at 20 per cent, which applies to most goods and services. Tax breaks reduce the revenue available for vital public services and must represent value for money for the taxpayer. Exceptions to the standard rate have always been limited and balanced against affordability considerations. One of the key considerations when assessing a new VAT relief is whether the cost saving is likely to be passed on to consumers. Evidence suggests that businesses only partially pass on any savings from lower VAT rates. The Government has no current plans to introduce a VAT relief on the sale of insulation productions, but the Government keeps all taxes under review.
If she will make an assessment with Cabinet colleagues of the potential merits of introducing tax (a) incentives and (b) subsidies for battery storage solutions.
The installation of qualifying energy-saving materials (ESMs) in residential accommodation and buildings used solely for a relevant charitable purpose benefits from a temporary VAT zero rate until March 2027. Following a Call for Evidence (CfE) last year, electrical storage batteries were one of the technologies added to the relief. However, as set out in the Government response to the CfE, at that time, the Government was unable to identify sufficient independent data regarding the efficiency of heat batteries. As such, they do not currently qualify for VAT relief. EV charge points were also proposed to be added to the ESMs VAT relief by CfE respondents. However, they were not added to the relief, because their primary purpose is not to save energy or reduce carbon emissions, meaning EV charge points don’t meet the objectives of the relief. The Government currently has no plans to add further technologies to this VAT relief. Nevertheless, the Government keeps all taxes under review as part of the policy making process. Changes to the tax system are announced at fiscal events in the usual way.
If she will make it her policy to make localised funding available to support businesses to help local economies.
Sustained economic growth is the only route to improving the prosperity of our country and the living standards of working people, and ensuring growth is realised everywhere across the UK is key to the government’s Growth Mission. The government will therefore work with Mayors and local leaders, giving them to the tools they need to boost their economies and drive local growth, including supporting businesses. The government will also set out its long-term vision for local growth at the muti-year spending review in the Spring, moving away from the short-termist, competitive approach of the past, to better support local leaders to drive growth in the areas that need it most. The government will also set out more detail on its strategy for regional growth alongside, and integrated with, plans for infrastructure, investment, and the Industrial Strategy.
If she will make it her policy to remove VAT for building refurbishment works when energy performance targets are met to incentivise retrofit.
This Government is committed to improving the quality and sustainability of our housing stock, through improvements such as low carbon heating, insulation, solar panels, and batteries. This will be vital to making the UK more energy resilient and meeting our 2050 Net Zero commitment.Installations of qualifying energy-saving materials in residential accommodation and buildings used solely for a charitable purpose benefit from a temporary VAT zero rate until March 2027, after which they will revert to the reduced rate of VAT at five per cent.VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s second largest tax forecast to raise £171 billion in 2024/25. Taxation is a vital source of revenue that helps to fund vital public services.One of the key considerations when assessing a new VAT relief is whether the cost saving is likely to be passed on to consumers. Evidence suggests that businesses only partially pass on any savings from lower VAT rates. In some cases, reliefs do not represent good value for money, as savings will not always be passed on to consumers.The Government has no current plans to formally review the VAT treatment of building works. However, all taxes are kept under review as part of the tax policymaking process. The Chancellor makes decisions on tax policy at fiscal events in the context of the overall public finances.
If she will make it her policy to review the VAT framework to reduce incentives towards (a) demolition and (b) rebuilding of housing.
This Government is committed to improving the quality and sustainability of our housing stock, through improvements such as low carbon heating, insulation, solar panels, and batteries. This will be vital to making the UK more energy resilient and meeting our 2050 Net Zero commitment.Installations of qualifying energy-saving materials in residential accommodation and buildings used solely for a charitable purpose benefit from a temporary VAT zero rate until March 2027, after which they will revert to the reduced rate of VAT at five per cent.VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s second largest tax forecast to raise £171 billion in 2024/25. Taxation is a vital source of revenue that helps to fund vital public services.One of the key considerations when assessing a new VAT relief is whether the cost saving is likely to be passed on to consumers. Evidence suggests that businesses only partially pass on any savings from lower VAT rates. In some cases, reliefs do not represent good value for money, as savings will not always be passed on to consumers.The Government has no current plans to formally review the VAT treatment of building works. However, all taxes are kept under review as part of the tax policymaking process. The Chancellor makes decisions on tax policy at fiscal events in the context of the overall public finances.
If she will bring forward legislative proposals to amend Stamp Duty so that rates of duty depend on the energy performance of the property.
Stamp Duty Land Tax (SDLT) is a transaction tax paid on the purchase of a property or land in England and Northern Ireland. The level at which purchasers of residential property start paying Stamp Duty Land Tax (SDLT) is currently £250,000 and this is due to revert to £125,000 on 1 April 2025. For first-time buyers, the nil-rate band is currently £425,000 and the purchase price limit for accessing the relief is currently £625,000. On 1 April 2025, these rates will revert to £300,000 and £500,000 respectively. Introducing incentives based on the energy performance of properties would add significant complexity to the operation of the current system. The Government therefore has no plans to introduce incentives based on the energy performance of properties.The Government keeps all taxes under review as part of the usual tax policy making process and welcomes representations to help inform future decisions on tax policy. Any changes are generally announced at fiscal events, where decisions are taken in the round.
If she will make it her policy to allow improvements made to increase the energy performance rating of rental properties to be tax deductible against rental income.
The Government currently offers several schemes to support landlords and tenants in improving energy efficiency, including VAT relief on Energy-Saving Materials (ESMs), the Boiler Upgrade Scheme (BUS) and the Home Upgrade Grant (HUG).Repair or maintenance work which also improves the energy efficiency of a rented property is generally already a deductible expense.
Pursuant to the Answer of 7 October 2024 to Question 5458 on Film: Tax Allowances, whether she has a planned timetable for bringing forward legislative proposals on the Audio-Visual Expenditure Credit.
The additional tax relief for visual effects costs has not been legislated. Tax policy announcements are normally made at fiscal events and the Chancellor will set out her Budget on 30 October.
Whether her Department plans to provide (a) tax relief and (b) other fiscal support for the visual effects sector.
Qualifying visual effects costs in film and TV are already eligible for the Audio-Visual Expenditure Credit, which provides a tax credit worth 34% of a film or TV company’s production costs. The previous Government announced that from 1 April 2025, UK visual effects costs in film and high-end TV will receive a 5% increase in Audio-Visual Expenditure Credit (AVEC). The previous Government also announced that the AVEC’s 80% cap on costs that may receive tax relief will be removed for UK visual effects costs. The policy has not been legislated. The Government will provide an update as soon as it is able to do so.
If her Department will bring forward the implementation of the five per cent increase in tax relief for UK visual effects in film and high-end TV, with UK visual effects costs exempt from the 80 per cent cap on qualifying expenditure, announced in the Spring Budget 2024, from 1 April 2025 to 1 January 2025.
Qualifying visual effects costs in film and TV are already eligible for the Audio-Visual Expenditure Credit, which provides a tax credit worth 34% of a film or TV company’s production costs. The previous Government announced that from 1 April 2025, UK visual effects costs in film and high-end TV will receive a 5% increase in Audio-Visual Expenditure Credit (AVEC). The previous Government also announced that the AVEC’s 80% cap on costs that may receive tax relief will be removed for UK visual effects costs. The policy has not been legislated. The Government will provide an update as soon as it is able to do so.