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2 Feb 2005 : Column 907W—continued
Inheritance Tax
Tom Cox: To ask the Chancellor of the Exchequer how much has been collected in inheritance tax in each of the last three years. [213383]
Dawn Primarolo: Information on inheritance tax collected and other tax receipts is available at www.inlandrevenue.gov.uk/stats/tax_receipts/table1–2.xls
Prescription Charges
Mr. Burstow: To ask the Chancellor of the Exchequer if he will place the review of prescription charges undertaken in 1998 as part of the Comprehensive Spending Review in the Library. [203066]
Ms Rosie Winterton: I have been asked to reply.
An internal review of prescription charges was undertaken by departmental officials in conjunction with Her Majesty's Treasury as part of the formulation of Government policy for the 1998 Comprehensive Spending Review. This work fed into the outcome of the
2 Feb 2005 : Column 908W
Comprehensive Spending Review, which was published by Her Majesty's Treasury and is available in the Library.
R&D Tax Credits
Mr. Key: To ask the Chancellor of the Exchequer what the total estimated take-up rates were of research and development tax credits by eligible firms in each year since 2000, broken down by (a) size of company and (b) industrial sector. [211928]
John Healey: R&D tax credits were introduced for small and medium-sized companies (SMEs) in April 2000 and for other companies in April 2002. The estimated take-up rates for the two schemes are given in the table.
The figures relate to claims made in Corporation Tax returns received on or before 12 October 2004. Figures, particularly for later periods, are likely to rise as more claims are received.
(1)Estimate of number of eligible companies published in the Regulatory Impact Assessment, March 2000.
(2)Estimate of number of eligible companies published in the Regulatory Impact Assessment, April 2002.
Information is not available by industrial sector.
Mr. Key: To ask the Chancellor of the Exchequer what the value of research and development tax credits has been since 2000, broken down by (a) size of company and (b) industrial sector; and what the estimated value to 2014 is in each case. [211929]
John Healey: R&D tax credits were introduced for small and medium-sized companies (SMEs) in April 2000. The estimated value of support claimed through the SME scheme is published as National Statistics on the Inland Revenue's website (http://www.inlandrevenue.gov.uk/stats/index.htm).
In April 2002, R&D tax credits were extended to other companies. The latest monitoring data show that £160 million of support has so far been claimed through this large company scheme.
Figures on the forecast cost of R&D tax credits were provided in the Paymaster General's written answer to the hon. Member for Yeovil (Mr. Laws) on 2 March 2004, Official Report, column 816W. The table breaks these figures down by scheme.
| 2004–05 | 2005–06 | 2006–07 | |
|---|---|---|---|
| SME scheme | 250 | 260 | 270 |
| Large company scheme | 420 | 440 | 490 |
| Total | 670 | 700 | 760 |
Note: Figures are rounded to the nearest £10 million
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Information on R&D tax credits is not available by industry sector.
Stamp Duty
Dr. Cable:
To ask the Chancellor of the Exchequer if he will estimate the revenue implication of restructuring stamp duty on residential property sales so as to charge marginal rates of (a) 0 per cent. on property sales of £60,000 or less, 2 per cent. on sales revenue between £60,000 and £249,999, 5 per cent. on sales revenue between £250,000 and £499,999, 7 per cent. on sales revenue of £500,000 and above, (b) 0 per cent. on property sales of £60,000 or less, 2 per cent. on sales revenue between £60,000 and £249,999, 5 per cent. on sales revenue between £250,000 and £499,999,
2 Feb 2005 : Column 910W
8 percent. on sales revenue of £500,000 and above, (c) 0 per cent. on property sales of £60,000 or less, 2 percent. on sales revenue between £60,000 and £249,999, 4 per cent. on sales revenue between £250,000 and £499,999, 8 per cent. on sales revenue of £500,000 and above and (d) 0 per cent. on property sales of £60,000 or less, 2 per cent. on sales revenue between £60,000 and £249,999, 4 per cent. on sales revenue between £250,000 and £499,999 and 7 per cent. on sales revenue of £500,000 and above. [212062]
Mr. Timms: The estimated Exchequer effect, in 2005–06 terms, of restructuring stamp duty on residential property sales according to the four schemes described in the question is given in the table. This does not include any allowance for behavioural changes or changes to reliefs.
(3)In 2005–06 accruals terms; negative indicates a cost.
Tax Credits
John Mann: To ask the Chancellor of the Exchequer how many people in (a) Bassetlaw and (b) England were overpaid tax credits in 2004; and of these how many are being pursued for repayment. [213390]
Dawn Primarolo: For the number of tax credits overpayments, I refer my hon. Friend to my reply to the hon. Members for Northavon (Mr. Webb) and Yeovil (Mr. Laws) on 15 November 2004, Official Report, columns 946–48W. Details of how overpayments are recovered are provided in the Inland Revenue's Code of Practice 26 What happens if we have paid you too much tax credit." Wherever practical overpayments are recovered out of future tax credit payments. Where an award of tax credits has ceased and there remains an overpayment to be recovered, the Inland Revenue issues claimants with a Notice to Pay". The claimant has the option to choose to pay back an overpayment over 12months.
John Mann: To ask the Chancellor of the Exchequer how many people are being charged interest on tax credits overpaid to them in 2004 through no fault of their own. [213391]
Dawn Primarolo: None that I am aware of.
John Mann: To ask the Chancellor of the Exchequer what criteria are being used to determine whether to write off tax credits overpaid to people during 2004. [213393]
Dawn Primarolo: The Inland Revenue's Code of Practice 26 (What happens if we have paid you too much tax credit?") sets out their approach to handling overpayments of tax credits.
A claimant will not be asked to pay back an overpayment where it was caused by a mistake by the Inland Revenue and it was reasonable for the claimant to think their award was right.
The Inland Revenue may also decide that a claimant should not be asked to pay back all or part of an overpayment, if this would cause hardship to the claimant and his/her family.
Unallocated Spending
Mr. Laws: To ask the Chancellor of the Exchequer what his latest estimate is of unallocated departmental spending in (a) 2005–06, (b) 2006–07, and (c) 2007–08; and if he will make a statement. [213265]
Mr. Boateng: Plan figures for departmental unallocated provision in 2005–06 were published in Central Government Supply Estimates 2004–05, Supplementary Budget Information (Cm 6133). Plan figures for 2006–07 and 2007–08 will be published in Central Government Supply Estimates 2005–06, Supplementary Budget Information.
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