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07 March 2001
In Parliament
Lump sum tax
The Chancellor was asked about the number of taxpayers who have an arrangement with the Revenue whereby in exchange for a lump sum payment of tax they are not required to file tax returns or accounts. Dawn Primarolo replied that a 'small number' of such agreements had been entered into since 1988, although none of the individuals concerned had been 'absolved from the general obligation to file a tax return'. She added that the nationality of such individuals was not in point, and that the policy in relation to the agreements was being reviewed.
Lump sum tax
The Chancellor was asked about the number of taxpayers who have an arrangement with the Revenue whereby in exchange for a lump sum payment of tax they are not required to file tax returns or accounts. Dawn Primarolo replied that a 'small number' of such agreements had been entered into since 1988, although none of the individuals concerned had been 'absolved from the general obligation to file a tax return'. She added that the nationality of such individuals was not in point, and that the policy in relation to the agreements was being reviewed.
In Parliament
Lump sum tax
The Chancellor was asked about the number of taxpayers who have an arrangement with the Revenue whereby in exchange for a lump sum payment of tax they are not required to file tax returns or accounts. Dawn Primarolo replied that a 'small number' of such agreements had been entered into since 1988, although none of the individuals concerned had been 'absolved from the general obligation to file a tax return'. She added that the nationality of such individuals was not in point, and that the policy in relation to the agreements was being reviewed.
The editor has in fact written to the Revenue for more details about these arrangements and its reply will be published when received.
(Source: Hansard, 26 February 2001, Vol 363, No 41, col 510W.)
Self assessment penalties
The Chancellor was asked how the income received as a result of penalties paid by taxpayers for non-submission of tax returns was accounted for and allocated. Dawn Primarolo replied that the penalties are allocated to the corresponding taxpayer's account, and brought to account as self assessment penalties. The income received was handed over as consolidated fund extra receipt and paid to the Treasury. It is reported in the appropriation accounts.
(Source: Hansard, 7 February 2001, Vol 362, No 34, col 619W.)
Bereavement payments
Responding to a written question, Dawn Primarolo said that the new system of bereavement payments would come into force from 9 April 2001. These comprised a lump sum bereavement payment which would not be taxable, a bereavement allowance and a widowed parents allowance, both of which would be taxable. She added that women currently receiving widows' benefits would not be affected by the changes.
(Source: Hansard, 26 February 2001, Vol 363, No 42, col 642W.)
Lump sum tax
The Chancellor was asked about the number of taxpayers who have an arrangement with the Revenue whereby in exchange for a lump sum payment of tax they are not required to file tax returns or accounts. Dawn Primarolo replied that a 'small number' of such agreements had been entered into since 1988, although none of the individuals concerned had been 'absolved from the general obligation to file a tax return'. She added that the nationality of such individuals was not in point, and that the policy in relation to the agreements was being reviewed.
The editor has in fact written to the Revenue for more details about these arrangements and its reply will be published when received.
(Source: Hansard, 26 February 2001, Vol 363, No 41, col 510W.)
Self assessment penalties
The Chancellor was asked how the income received as a result of penalties paid by taxpayers for non-submission of tax returns was accounted for and allocated. Dawn Primarolo replied that the penalties are allocated to the corresponding taxpayer's account, and brought to account as self assessment penalties. The income received was handed over as consolidated fund extra receipt and paid to the Treasury. It is reported in the appropriation accounts.
(Source: Hansard, 7 February 2001, Vol 362, No 34, col 619W.)
Bereavement payments
Responding to a written question, Dawn Primarolo said that the new system of bereavement payments would come into force from 9 April 2001. These comprised a lump sum bereavement payment which would not be taxable, a bereavement allowance and a widowed parents allowance, both of which would be taxable. She added that women currently receiving widows' benefits would not be affected by the changes.
(Source: Hansard, 26 February 2001, Vol 363, No 42, col 642W.)
