The below Parliamentary question was asked by Oliver Heald on 2016-04-25.
To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of income tax paid annually by London taxi drivers, in each of the last three years.
Mr David Gauke
No estimate has been made of the income tax receipts arising from licensed Hackney Carriage drivers. The information is not available and could only be produced at disproportionate cost.
The below Parliamentary question was asked by Oliver Heald on 2016-04-25.
To ask Mr Chancellor of the Exchequer, what estimate he has made of the annual amount of corporation tax paid by minicab businesses, in each of the last three years.
Mr David Gauke
The information requested is set out at:
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The below Parliamentary question was asked by Andrew Rosindell on 2016-04-25.
To ask Mr Chancellor of the Exchequer, what steps he is taking to mitigate the risk posed to the economy by the increased Chinese debt load.
Harriett Baldwin
The Treasury continuously monitors global economic developments, including in China, and their impact on the UK as part of the normal process of policy development.
As one of the most open trading economies in the world with a large financial sector, we have to recognise that the UK is not immune to the continued problems being experienced in the world economy.
Nonetheless, the Bank of England’s 2015 stress tests modelled a severe slowdown in commodities and emerging markets. No banks were required to submit revised capital plans following the stress tests. These results indicate that the UK banking system would have the capacity to continue to lend to the real economy, even under such a severe adverse scenario.
The below Parliamentary question was asked by Andrew Rosindell on 2016-04-25.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the economic security implications of the proposed merger between the London Stock Exchange and Deutsche Borse.
Harriett Baldwin
I refer the honourable Member to my previous written answer 34500 of 25 April 2016.
The below Parliamentary question was asked by Julie Cooper on 2016-04-25.
To ask Mr Chancellor of the Exchequer, how many brokers and traders who work in finance have lost their Financial Industry Regulatory Authority licence as a result of financial misconduct since 2008.
Harriett Baldwin
This is an operational matter for the FCA which is an independent regulator. I have transferred this question across to them and they will respond fully in due course.
The below Parliamentary question was asked by Julie Cooper on 2016-04-25.
To ask Mr Chancellor of the Exchequer, how many financial firms were fined for financial misconduct in (a) 2010, (b) 2011, (c) 2012, (d) 2013, (e) 2014 and (f) 2015; and what the amount of the fine was in each such case.
Harriett Baldwin
This is an operational matter for the FCA which is an independent regulator. I have transferred this question across to them and they will respond fully in due course.
The below Parliamentary question was asked by Henry Bellingham on 2016-04-25.
To ask Mr Chancellor of the Exchequer, how many companies have been prosecuted for tax evasion during the last 10 years; and what revenue has been recovered as a result of those prosecutions.
Mr David Gauke
The information is not held in the form requested.
The below Parliamentary question was asked by Henry Bellingham on 2016-04-25.
To ask Mr Chancellor of the Exchequer, how many people have been prosecuted for tax evasion during the last 10 years; and what revenue has been recovered as a result of those prosecutions.
Mr David Gauke
HM Revenue and Customs (HMRC) holds a central record of the number of individuals subject to criminal investigation for tax evasion, together with subsequent prosecutions covering the period from 2011/12 to 2014/15. HMRC does not hold a central record of the number of prosecutions and convictions broken down in this way for earlier years.
The total number of criminal prosecutions of individuals for tax evasion during the period 2011/12 to 2014/15 was 2404. ‘Revenue Loss Prevented’ is the HMRC management information measure recorded in such cases and the total amount of Revenue Loss Prevented from 2011/12 to 2014/15 was £ 5,070,538,527.
The below Parliamentary question was asked by Jack Lopresti on 2016-04-25.
To ask Mr Chancellor of the Exchequer, what estimate he has made of the UK’s (a) payments to the EU, (b) receipts through EU schemes and (c) receipts through the UK rebate in each year between 2020 and 2030.
Mr David Gauke
HM Treasury’s approach to estimating the net cost of the EU budget to the UK over the long term is set out in Annex B of HM Treasury Analysis: the long-term economic impact of EU membership and the alternatives, publicly available at the following link:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/517415/treasury_analysis_economic_impact_of_eu_membership_web.pdf
The below Parliamentary question was asked by Will Quince on 2016-04-25.
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 21 April 2016 to Question 34465, if HM Revenue and Customs will take steps to enable web-users to include honours when completing government online forms.
Mr David Gauke
HM Revenue and Customs (HMRC) does allow customers to enter their title but it does not allow customers to enter other honours. Major changes would be required to a wide range of internal HMRC IT services to capture and store this information. The cost of making such changes would be disproportionate.