1-20 of 44 results for subject:Taxation
Librarians' tools
- Search time
- 0.277 seconds
- Solr query time
- 0.013 seconds
- Search query
- subject:Taxation
- We searched for
- subject_t:Taxation OR subject_t:Levies OR subject_ses:93208
Type
House
Session
Year
Department
Member
Primary member
More
Answering member
Legislative stage
Legislation
Subject
More
Publisher
We have a long-term rental licensing scheme whereby landlords have to register long-term lets. Why can the Government not devise a scheme for short-term lets on the same basis? That would help HMRC to gather the money due to it.
We have a long-term rental licensing scheme whereby landlords have to register long-term lets. Why can the Government not devise a scheme for short-term lets on the same basis? That would help HMRC to gather the money due to it.
It is an interesting idea. There is a scheme in Newham and there was one in Westminster. We are open to looking at whether more needs to be done. We also recognise however, that short-term letting—the Airbnb-type sharing economy—is filling a useful gap in the market. Schemes such as property allowances and Rent a Room exist to help people take advantage of it.
To ask Her Majesty's Government what assessment they have made of the impact of maintaining company car tax rates on the transition to electric vehicles following the introduction of the Worldwide Harmonised Light Vehicle Test Procedure.
To ask Her Majesty's Government what assessment they have made of the impact of maintaining company car tax rates on the transition to electric vehicles following the introduction of the Worldwide Harmonised Light Vehicle Test Procedure.
The government has engaged with stakeholders as part of the review of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) and vehicle taxes which closed on 17 February.
The review sought evidence on how reported carbon dioxide emissions are impacted by the introduction of WLTP and whether any adjustment should be made to Vehicle Excise Duty and company car tax from April 2020.
Responses to the review are currently being analysed and the government has committed to publishing a response in the spring.
My Lords, how can the Minister possibly say that when Clause 88 of the Housing and Planning Bill will make it possible for HMRC to reveal information to people who are not in the government department? There is an inconsistency in the Government’s position. I am sure that the Minister sitting next to him will explain that what I am saying is correct; I have the Bill here.
My Lords, how can the Minister possibly say that when Clause 88 of the Housing and Planning Bill will make it possible for HMRC to reveal information to people who are not in the government department? There is an inconsistency in the Government’s position. I am sure that the Minister sitting next to him will explain that what I am saying is correct; I have the Bill here.
I do not need the Minister who is sitting next to me to believe that what the noble Lord has said is correct. The fact is that HMRC has a principle of confidentiality. It is obliged under a law passed by the Labour Government in 2005 to respect confidentiality. The only time that it is able to divulge information is when it has statutory authority to do so as passed by Parliament.
To ask Her Majesty’s Government what plans they have to ensure that taxation is paid on rental income on property owned by persons from overseas.
To ask Her Majesty’s Government what plans they have to ensure that taxation is paid on rental income on property owned by persons from overseas.
My Lords, the Government believe that non-resident landlords should pay tax as appropriate, and HMRC operates a withholding scheme to ensure compliance. Tenants and letting agents are required to withhold and pay HMRC basic rate tax. Landlords whose UK tax affairs are up to date may apply not to have tax withheld and be automatically entered into self-assessment. Non-resident landlords in self-assessment are subject to HMRC’s usual rigorous compliance checks.
My Lords, that only applies where a landlord uses an agent—I listened very carefully to the Minister’s response. How is it possible to quantify the scale of evasion on rental income without a means of establishing who owns what, what rents are paid, and to whom those rents are paid? Is there not a real need to establish a local authority-based national register of all domestic and overseas-based landlord rented-out property—a register that is accessible by HMRC? Is it not true that there is vast evasion in this area?
My Lords, that only applies where a landlord uses an agent—I listened very carefully to the Minister’s response. How is it possible to quantify the scale of evasion on rental income without a means of establishing who owns what, what rents are paid, and to whom those rents are paid? Is there not a real need to establish a local authority-based national register of all domestic and overseas-based landlord rented-out property—a register that is accessible by HMRC? Is it not true that there is vast evasion in this area?
It is not true that the scheme just covers letting agents. As I said, there are two other categories of people who should pay tax in this case: one, in the case of tenants, if their non-resident landlord wishes to go that way; and the other for the non-resident landlord to register for self-assessment. Perhaps I may give the noble Lord and the House some sense of the scale of the income generated from this scheme. In 2011-12, companies that held residential property in the UK on which tax was paid paid a total of some £375 million.
What are the Government going to do about Starbucks and its transfer pricing arrangements?
What are the Government going to do about Starbucks and its transfer pricing arrangements?
My Lords, the noble Lord does not expect me for one moment to start commenting on the tax affairs of any individual taxpayer. As a general response, it may interest the House that the 800 or so largest companies that come under the large business service of HMRC to be assessed pay £136 billion in corporation tax, PAYE and VAT each year. Almost 50% of that tax comes from foreign-owned businesses, so I do not think we should have in mind that foreign-owned companies as a group are somehow doing something that we have to be vigilant about. We must keep this in proportion.
My Lords, the Minister did not answer my question on transfer pricing, which is the mechanism used to avoid paying corporation tax. Why will he not answer my question?
My Lords, the Minister did not answer my question on transfer pricing, which is the mechanism used to avoid paying corporation tax. Why will he not answer my question?
Because, forgive me, there are other Peers wanting to get in. I completely agree with the noble Lord that transfer pricing is one of the most serious areas that need to be looked at, which is precisely why each one of those 800 large companies has a dedicated tax professional looking at this area. The focus on transfer pricing has meant that in the past four years £4 billion has been recovered precisely by going after transfer pricing schemes. On average, £1 billion a year is coming in through effective action.
To ask Her Majesty's Government what are the exceptions to the requirement for tax residents of the United Kingdom to pay tax on their income in the Isle of Man.
To ask Her Majesty's Government what are the exceptions to the requirement for tax residents of the United Kingdom to pay tax on their income in the Isle of Man.
To ask Her Majesty's Government whether the tax information exchange agreement with the Isle of Man includes provisions on the withholding of basic rate tax on deposits made by United Kingdom depositors.
To ask Her Majesty's Government whether the tax information exchange agreement with the Isle of Man includes provisions on the withholding of basic rate tax on deposits made by United Kingdom depositors.
asked Her Majesty's Government:Whether agreements between the Manx authorities and Her Majesty's Revenue and Customs provide for the disclosure of the names of all persons residing in the United Kingdom who have deposited money in sterling accounts in banks and building societies in the Isle of Man.
asked Her Majesty's Government:Whether agreements between the Manx authorities and Her Majesty's Revenue and Customs provide for the disclosure of the names of all persons residing in the United Kingdom who have deposited money in sterling accounts in banks and building societies in the Isle of Man.
asked Her Majesty's Government:What tax advantages accrue to a person residing in the United Kingdom who deposits moneys in a sterling account on the Isle of Man or Guernsey.
asked Her Majesty's Government:What tax advantages accrue to a person residing in the United Kingdom who deposits moneys in a sterling account on the Isle of Man or Guernsey.
asked Her Majesty's Government:Whether the registration of residential housing tenancies by local authorities will provide information to Her Majesty's Revenue and Customs on rental income liability.
asked Her Majesty's Government:Whether the registration of residential housing tenancies by local authorities will provide information to Her Majesty's Revenue and Customs on rental income liability.
asked Her Majesty's Government:What information they collect on taxation receipts arising out of rental income from residential development.
asked Her Majesty's Government:What information they collect on taxation receipts arising out of rental income from residential development.
asked Her Majesty's Government:Whether they would prosecute a civil servant who disclosed information without authorisation about a taxpayer's affair for (a) misfeasance of public office; or (b) a breach of the Official Secrets Act.
asked Her Majesty's Government:Whether they would prosecute a civil servant who disclosed information without authorisation about a taxpayer's affair for (a) misfeasance of public office; or (b) a breach of the Official Secrets Act.
Whether file numbered 1211076548K reported to be held by HM Revenue and Customs can be made available to the taxpayers concerned.
Whether file numbered 1211076548K reported to be held by HM Revenue and Customs can be made available to the taxpayers concerned.
asked Her Majesty's Government:Whether file numbered 1211076548K reported to be held by HM Revenue and Customs is to be preserved; and
asked Her Majesty's Government:Whether file numbered 1211076548K reported to be held by HM Revenue and Customs is to be preserved; and
Whether an officer or a former officer of HM Revenue and Customs or the Inland Revenue disclosed information to an unauthorised person in the case of Mr Gray of Preston, Lancashire; and
Whether an officer or a former officer of HM Revenue and Customs or the Inland Revenue disclosed information to an unauthorised person in the case of Mr Gray of Preston, Lancashire; and
Whether an officer or a former officer of HM Revenue and Customs or the Inland Revenue disclosed information to an unauthorised person in the case of Mr McGrath of Preston, Lancashire.
Whether an officer or a former officer of HM Revenue and Customs or the Inland Revenue disclosed information to an unauthorised person in the case of Mr McGrath of Preston, Lancashire.
asked Her Majesty's Government:Whether an officer or a former officer of HM Revenue and Customs or the Inland Revenue disclosed information to an unauthorised person in the case of Mr Allitt of Preston, Lancashire; and
asked Her Majesty's Government:Whether an officer or a former officer of HM Revenue and Customs or the Inland Revenue disclosed information to an unauthorised person in the case of Mr Allitt of Preston, Lancashire; and