Canlyniadau 81–100 o 826 ar gyfer speaker:Gareth Davies

Treasury: Regional Economic Inequalities (19 Maw 2024)

Gareth Davies: My hon. Friend is right: we increased the VAT threshold for small businesses, which will benefit 28,000 businesses across the country. We feel that the £90,000 threshold strikes the right balance between managing public finances sustainably and supporting businesses, but as my hon. Friend knows, we keep these things under review.

Treasury: Regional Economic Inequalities (19 Maw 2024)

Gareth Davies: FLOWMIS is an incredibly important scheme in improving and enhancing our ability to expand floating offshore wind. We are a huge supporter of my right hon. Friend’s constituents and of the whole of Wales. If the Chancellor cannot meet him, I would be very happy to do so.

Treasury: Business Investment (19 Maw 2024)

Gareth Davies: At the autumn statement in 2023, the Chancellor set out ambitious growth packages designed to boost business investment, including making full expensing permanent and a tax cut to companies of over £10 billion a year to ensure we have one of the most generous capital allowances in the world. With further growth-enhancing measures set out in spring Budget 2024, the Office for Budget...

Treasury: Business Investment (19 Maw 2024)

Gareth Davies: My hon. Friend comes to this House with significant business experience, so when he talks, we certainly listen, and I am delighted to hear that he was pleased with the VAT threshold increase. I can tell him that, in addition to what I said to my hon. Friend the Member for St Ives (Derek Thomas) about the £90,000 threshold, this level is higher than that of any EU member state and is the...

Treasury: Business Investment (19 Maw 2024)

Gareth Davies: Announcements in each of our last three fiscal events have enhanced our business investment environment for international investors: we have the second highest foreign direct investment stock in the world; we have some of the best universities in the world, which are attracting businesses; we have announced full expensing, which is a £10 billion-a-year tax cut; we have the lowest corporation...

Treasury: Support for Small Businesses (19 Maw 2024)

Gareth Davies: Small businesses drive our economy and we support them to thrive using levers across Government, whether that is through our small business rate relief, by increasing the VAT registration threshold, by providing reliefs such as the annual investment allowance or through various programmes offered by the British Business Bank.

Treasury: Support for Small Businesses (19 Maw 2024)

Gareth Davies: My hon. Friend is right that at the autumn statement, this Government extended the retail, hospitality and leisure relief in England—a tax cut worth £2.5 billion for small businesses. The Barnett formula applies to allow the Welsh Labour Government to offer similar relief if they want to. It is disappointing, if not surprising, that when given the opportunity, Labour decides not to cut...

Treasury: Support for Small Businesses (19 Maw 2024)

Gareth Davies: My hon. Friend is right. Business rate relief is a great way to support small businesses in Eastleigh and across the country. Our small business rate relief means that one third of all properties in England already pay no business rates at all. We have frozen the small business multiplier, protecting more than 1 million properties from a multiplier increase. As I was just saying, we are...

Treasury: Support for Small Businesses (19 Maw 2024)

Gareth Davies: My hon. Friend is right to engage in the way that she is with her small businesses. We believe that the £90,000 threshold, which has just been increased, strikes the right balance between managing the public finances and supporting small businesses. I encourage her to look at the wider package of support that the Government are providing for small businesses, not least the business rate...

Treasury: Support for Small Businesses (19 Maw 2024)

Gareth Davies: I can assure the hon. Gentleman that the Government engage frequently with our counterparts in the Northern Ireland Administration, and that will continue to be the case.

Treasury: Support for Small Businesses (19 Maw 2024)

Gareth Davies: We are acutely aware of this issue, and I have had meetings with the FSB. That is why the Chancellor has announced plans to improve the situation for small businesses. I am happy to outline that in writing to the hon. Gentleman.

Treasury: Support for Small Businesses (19 Maw 2024)

Gareth Davies: We of course support hairdressers, our high streets and women-run businesses, which is why we have extended the retail, hospitality and leisure relief to 75%. Cutting taxes for hard-working people is what the Conservative Government do.

Treasury: Topical Questions (19 Maw 2024)

Gareth Davies: Our support for the Scotch Whisky Association is long-standing, and it was a pleasure to meet its representatives recently. We have frozen or cut duty for Scottish whisky in fiscal events going back many years. We are representing the Scotch Whisky Association in trade agreements, and that support will endure long into the future.

Treasury: Topical Questions (19 Maw 2024)

Gareth Davies: My hon. Friend is talking about the largest and most significant reform of our alcohol duty system in 140 years. We are making it more simple by saying: the stronger the alcohol by volume, the more duty paid. We introduced the wine easement to give the wine industry two years to prepare for the changes. I continue to engage with the industry, and I will continue to engage with him.

Written Answers — Treasury: Treasury: Domestic Visits (18 Maw 2024)

Gareth Davies: The Government publishes on GOV.UK details of the cost of overseas Ministerial travel, including costs of travel, and on other costs (visas, accommodation, meals). But as has been the case under successive administrations, the Government does not publish granular detail on Ministers’ travel at home or abroad.

Written Answers — Treasury: Electric Vehicles: VAT (14 Maw 2024)

Gareth Davies: As with all taxes, the Government keeps the Expensive Car Supplement under review, and any changes will be announced at a future fiscal event.

Written Answers — Treasury: Alcoholic Drinks: Excise Duties (14 Maw 2024)

Gareth Davies: Treasury ministers and officials regularly engage with the Department of Health and Social Care on a variety of issues, including alcohol policy. The Treasury also engaged extensively with external stakeholders and other Government departments, including the Department of Health and Social Care, as part of the policy development and delivery process for the new alcohol reforms. The...

Written Answers — Treasury: Electronic Cigarettes: Excise Duties (14 Maw 2024)

Gareth Davies: Proposals for a Vaping Products Duty which will come in force from October 2026 are set out in the consultation here: https://www.gov.uk/government/consultations/vaping-products- duty-consultation These include measures to tackle non-compliance, including:Declaration and payments via digital channels to minimise fraud and error.The introduction of civil and criminal powers for HMRC to...

Written Answers — Treasury: Landfill Tax (14 Maw 2024)

Gareth Davies: At Spring Budget 2024, the government announced that Landfill Tax rates in England and Northern Ireland will be adjusted from 1 April 2025. This will restore their value following a period of high inflation which was not foreseen by the OBR when rates were pre-announced. The government remains committed to tackling waste crime which is a blight on local communities, harms the environment and...

Written Ministerial Statements — Treasury: Pillar 2: Addition of an anti-abuse rule in the UK (14 Maw 2024)

Gareth Davies: On 15 December 2023, the UK, and over 135 members of the OECD/G20 Inclusive Framework on BEPS, agreed the third set of Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar 2), which was published on 18 December. This guidance includes a technical reform to close off certain transaction-based tax avoidance mechanisms. These avoidance transactions are being marketed...


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