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89474

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many new EU directives and regulations have been transposed into UK law by his Department since May 2010.
tabling member constituency	Wokingham
tabling member printed	Mr John Redwood
uin	207266
answer	answer is ministerial correction date of answer 05/09/2014 answer text <p>Details of all current EU legislation are on the Euro – Lex website:</p><p> </p><p><a href="http://eur-lex.europa.eu/browse/directories/legislation.html" target="_blank">http://eur-lex.europa.eu/browse/directories/legislation.html</a></p><p>We do not hold a central record of the EU directives the Treasury has transposed into UK law since 2010 nor a record of all EU regulations that came into effect during that period.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 05/09/2014 13:08:42 answering member 1529 label Biography information for Mr David Gauke
tabling member	14 label Biography information for Sir John Redwood

89477

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Hotels: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will bring forward proposals to reduce VAT to five per cent on hotel rooms.
tabling member constituency	Crawley
tabling member printed	Henry Smith
uin	207515
answer	answer is ministerial correction date of answer 03/09/2014 answer text <p>I refer my hon, Friend to the answer that I gave on 11 February 2014, Hansard, columns 212-14WH.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 03/09/2014 13:51:03 answering member 1529 label Biography information for Mr David Gauke
tabling member	3960 label Biography information for Henry Smith

89483

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Fracking: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of potential tax revenue to the Exchequer from shale gas and oil products in each region and constituent part of the UK.
tabling member constituency	Lancaster and Fleetwood
tabling member printed	Eric Ollerenshaw
uin	207431
answer	answer is ministerial correction date of answer 04/09/2014 answer text <p>Reports by the British Geological Survey’s clearly demonstrate the potential for shale gas in the UK. Shale gas has the potential to increase our energy security, generate growth and support thousands of jobs, and the government is doing everything it can to support the safe and sustainable development of shale gas. This is why we introduced the onshore allowance, to incentivise investment in onshore oil and gas projects and kick-start exploration. Last year, the industry also announced that local communities would receive £100,000 when a test well is fracked – and a further 1 per cent of revenues if shale gas is discovered.</p><p> </p><p>More work is needed to determine the extent of the gas that can be technically and commercially recovered. While there is clearly potential for shale gas to provide substantial revenue to the Exchequer in the future, no forecasts have been produced on the scale or timing of the revenue.</p> answering member constituency Witham answering member printed Priti Patel question first answered 04/09/2014 13:55:43 answering member 4066 label Biography information for Priti Patel
tabling member	4141 label Biography information for Eric Ollerenshaw

89486

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Objects in Lieu of Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the total value of works of art accepted in lieu of inheritance tax was in each of the last five years.
tabling member constituency	Oxford East
tabling member printed	Mr Andrew Smith
uin	207429
answer	answer is ministerial correction date of answer 09/09/2014 answer text <p> </p><p>I have been asked to reply on behalf of the Minister of State for Culture and the Digital Economy.</p><p>The total value of items accepted under the Acceptance-in-Lieu Scheme for the last five years is as follows:</p><p> </p><p>2009 £19.8m</p><p>2010 £15.7m</p><p>2011 £8.3m</p><p>2012 £31.3m</p><p>2013 £49.4m*</p><p> </p><p> </p><p>*includes the first item accepted under the Cultural Gifts Scheme which operates from the same budget as the Acceptance-in-Lieu Scheme.</p> answering member constituency Wantage answering member printed Mr Edward Vaizey question first answered 09/09/2014 09:57:33 answering member 1580 label Biography information for Lord Vaizey of Didcot
tabling member	95 label Biography information for Mr Andrew Smith

89489

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit: Interest Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of (a) the number of payday firms that will be in operation and (b) the projected consumer demand for payday loans in (i) 2015, (ii) 2016 and (iii) 2017.
tabling member constituency	Wythenshawe and Sale East
tabling member printed	Mike Kane
uin	207342
answer	answer is ministerial correction date of answer 05/09/2014 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market. Responsibility for consumer credit regulation transferred from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) on 1 April 2014.</p><p> </p><p>In the FCA’s consultation paper on the cap on the cost of payday loans, the FCA assesses that its proposals will lead to a risk of contraction in both the online and high-street markets. FCA modelling suggests that its cap proposals would mean at least one high street firm would continue to offer payday loans and at least the three largest online firms continuing in the market, although the FCA expects that more firms will be able to adapt their businesses to operate under the price cap and remain in the market.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 05/09/2014 13:16:20 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4316 label Biography information for Mike Kane

89490

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will take steps to prohibit credit reference agencies from selling payday customer details to marketing agencies and lead generators.
tabling member constituency	Wythenshawe and Sale East
tabling member printed	Mike Kane
uin	207340
answer	answer is ministerial correction date of answer 08/09/2014 answer text <p>The Government has made clear to lenders that credit data sharing is key to proper affordability assessments and promoting a competitive market, and more progress on recording and using payday lending data in real time is vital to addressing problems around multiple loans.</p><p> </p><p>Having access to comprehensive real-time data about their customers’ outstanding commitments may help avoid consumers taking out a loan which they cannot afford to repay.</p><p> </p><p>The FCA has already made clear to payday lenders and credit reference agencies (CRAs) in its policy statement, published in February, that they must identify and remove any data sharing blockages involving payday lenders as a matter of urgency.</p><p> </p><p>In its consultation on the cap on the cost of payday loans, published in July, the FCA stated it expects to see more than 90% of current market participants - by market share and volume of loans - participating in real-time market-wide data sharing by November 2014, and more than 90% of loans being reported in real time. In order to improve the coverage of real-time databases, firms will also need to share data with more than one CRA.</p><p> </p><p>The FCA stated that it will request information from firms and CRAs in order to get an accurate picture of whether the standards it has proposed have been met by November. If the FCA does not see sufficient progress by November or CRA coverage does not improve, it will consult on the introduction of data sharing requirements. It has also placed a requirement on firms to provide product sales data on high-cost short-term credit agreements every three months once they are authorised.</p><p> </p><p> </p><p>Credit reference agencies must ensure that that their use of personal data is compliant with the Data Protection Act 1998 (DPA). The Information Commissioner’s Office is an independent UK supervisory authority that oversees and enforces compliance with the DPA.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 207339 207341 207344 207380 question first answered 08/09/2014 15:45:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4316 label Biography information for Mike Kane

89491

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect on credit scores of increased data sharing by payday lenders.
tabling member constituency	Wythenshawe and Sale East
tabling member printed	Mike Kane
uin	207339
answer	answer is ministerial correction date of answer 08/09/2014 answer text <p>The Government has made clear to lenders that credit data sharing is key to proper affordability assessments and promoting a competitive market, and more progress on recording and using payday lending data in real time is vital to addressing problems around multiple loans.</p><p> </p><p>Having access to comprehensive real-time data about their customers’ outstanding commitments may help avoid consumers taking out a loan which they cannot afford to repay.</p><p> </p><p>The FCA has already made clear to payday lenders and credit reference agencies (CRAs) in its policy statement, published in February, that they must identify and remove any data sharing blockages involving payday lenders as a matter of urgency.</p><p> </p><p>In its consultation on the cap on the cost of payday loans, published in July, the FCA stated it expects to see more than 90% of current market participants - by market share and volume of loans - participating in real-time market-wide data sharing by November 2014, and more than 90% of loans being reported in real time. In order to improve the coverage of real-time databases, firms will also need to share data with more than one CRA.</p><p> </p><p>The FCA stated that it will request information from firms and CRAs in order to get an accurate picture of whether the standards it has proposed have been met by November. If the FCA does not see sufficient progress by November or CRA coverage does not improve, it will consult on the introduction of data sharing requirements. It has also placed a requirement on firms to provide product sales data on high-cost short-term credit agreements every three months once they are authorised.</p><p> </p><p> </p><p>Credit reference agencies must ensure that that their use of personal data is compliant with the Data Protection Act 1998 (DPA). The Information Commissioner’s Office is an independent UK supervisory authority that oversees and enforces compliance with the DPA.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 207340 207341 207344 207380 question first answered 08/09/2014 15:45:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4316 label Biography information for Mike Kane

89492

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to introduce regulation which requires payday lenders and credit reference agencies to contribute data on a real-time basis.
tabling member constituency	Hackney South and Shoreditch
tabling member printed	Meg Hillier
uin	207380
answer	answer is ministerial correction date of answer 08/09/2014 answer text <p>The Government has made clear to lenders that credit data sharing is key to proper affordability assessments and promoting a competitive market, and more progress on recording and using payday lending data in real time is vital to addressing problems around multiple loans.</p><p> </p><p>Having access to comprehensive real-time data about their customers’ outstanding commitments may help avoid consumers taking out a loan which they cannot afford to repay.</p><p> </p><p>The FCA has already made clear to payday lenders and credit reference agencies (CRAs) in its policy statement, published in February, that they must identify and remove any data sharing blockages involving payday lenders as a matter of urgency.</p><p> </p><p>In its consultation on the cap on the cost of payday loans, published in July, the FCA stated it expects to see more than 90% of current market participants - by market share and volume of loans - participating in real-time market-wide data sharing by November 2014, and more than 90% of loans being reported in real time. In order to improve the coverage of real-time databases, firms will also need to share data with more than one CRA.</p><p> </p><p>The FCA stated that it will request information from firms and CRAs in order to get an accurate picture of whether the standards it has proposed have been met by November. If the FCA does not see sufficient progress by November or CRA coverage does not improve, it will consult on the introduction of data sharing requirements. It has also placed a requirement on firms to provide product sales data on high-cost short-term credit agreements every three months once they are authorised.</p><p> </p><p> </p><p>Credit reference agencies must ensure that that their use of personal data is compliant with the Data Protection Act 1998 (DPA). The Information Commissioner’s Office is an independent UK supervisory authority that oversees and enforces compliance with the DPA.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 207339 207340 207341 207344 question first answered 08/09/2014 15:45:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1524 label Biography information for Dame Meg Hillier

89493

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what HM Revenue and Customs' policy is on recovering tax on benefits in kind received by former employees of a corporation for whom legal fees have been met by that corporation.
tabling member constituency	Bassetlaw
tabling member printed	John Mann
uin	207352
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p><strong>Where legal fees are paid by an employer on behalf of a former employee and are taxable, I can confirm that H M Revenue and Customs ensures that income tax and national insurance contributions is paid.</strong></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/10/2014 16:34:43 answering member 1529 label Biography information for Mr David Gauke
tabling member	1387 label Biography information for Lord Mann

89494

registered interest
date	29/08/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will instruct the Financial Conduct Authority to require credit reference agencies to report their data to the Authority for enforcement purposes.
tabling member constituency	Wythenshawe and Sale East
tabling member printed	Mike Kane
uin	207341
answer	answer is ministerial correction date of answer 08/09/2014 answer text <p>The Government has made clear to lenders that credit data sharing is key to proper affordability assessments and promoting a competitive market, and more progress on recording and using payday lending data in real time is vital to addressing problems around multiple loans.</p><p> </p><p>Having access to comprehensive real-time data about their customers’ outstanding commitments may help avoid consumers taking out a loan which they cannot afford to repay.</p><p> </p><p>The FCA has already made clear to payday lenders and credit reference agencies (CRAs) in its policy statement, published in February, that they must identify and remove any data sharing blockages involving payday lenders as a matter of urgency.</p><p> </p><p>In its consultation on the cap on the cost of payday loans, published in July, the FCA stated it expects to see more than 90% of current market participants - by market share and volume of loans - participating in real-time market-wide data sharing by November 2014, and more than 90% of loans being reported in real time. In order to improve the coverage of real-time databases, firms will also need to share data with more than one CRA.</p><p> </p><p>The FCA stated that it will request information from firms and CRAs in order to get an accurate picture of whether the standards it has proposed have been met by November. If the FCA does not see sufficient progress by November or CRA coverage does not improve, it will consult on the introduction of data sharing requirements. It has also placed a requirement on firms to provide product sales data on high-cost short-term credit agreements every three months once they are authorised.</p><p> </p><p> </p><p>Credit reference agencies must ensure that that their use of personal data is compliant with the Data Protection Act 1998 (DPA). The Information Commissioner’s Office is an independent UK supervisory authority that oversees and enforces compliance with the DPA.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 207339 207340 207344 207380 question first answered 08/09/2014 15:45:34 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4316 label Biography information for Mike Kane