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224414

registered interest
date	02/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department has taken to boost the growth of the financial technology industry.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	225806
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>As part of our long term economic plan, the Government is committed to supporting the continued growth of the Financial Technology (FinTech) sector. The Government has taken a number of steps to achieve this, including:</p><p> </p><p> </p><p> </p><ul><li><p>Creating a new Payments Systems Regulator (PSR), which will ensure that smaller banks and alternative providers of finance – including FinTechs – can access payment systems in a fair and transparent way, and thereby contributing to a fairer and more competitive payments industry. The PSR will open its doors on 1 April this year.</p><p> </p></li><li><p>Committing to additional funding of £100m to the British Business Bank’s Investment Programme – including funding for FinTech.</p><p> </p></li><li><p>Launching the GO-Science’s Blackett Review on FinTech Futures, which looks ahead 10 years to the future and identify what the technologies, enablers and barriers are that will shape the future of the UK FinTech sector.</p><p> </p></li></ul><p> </p><ul><li><p>Naming the big banks that will have to share credit data, and refer on SMEs they reject for finance – helping alternative finance providers, including FinTech firms, to lend more effectively;</p></li></ul><p> </p><p> </p><p> </p><ul><li><p>Supporting the development of the peer-to-peer lending and crowdfunding market: consulting on ISA eligibility for crowdfunded debt securities; announcing we will review EU regulations standing in the way of P2P institutional lending; and creating a bespoke regulatory framework for P2P.</p><p> </p></li></ul><p> </p><p>Most recently at budget 2015, we announced a further package of measures to build on the government’s wide-reaching programme of reform to drive competition in banking and FinTech, including announcing that:</p><p> </p><ul><li><p>The Government intends to apply anti-money laundering regulation to digital currency exchanges in the UK, launch a new research initiative into digital currency technology, with £10 million additional funding, and work with the British Standards Institution and the digital currency industry to develop voluntary standards for consumer protection.</p><p> </p></li><li><p>Gocompare will launch the first personal current account comparison tool making use of customers’ bank midata releases on 26 March 2015.</p><p> </p></li><li><p>The Government will work with the banks and FinTech firms to develop an open API (Application Programming Interface) standard for banks, by the end of the year.</p></li></ul><p> </p><p> </p><p> </p><ul><li><p>the Financial Conduct Authority’s (FCA) ‘Project Innovate’ will work with HMT and the Prudential Regulation Authority (PRA) to investigate the feasibility of developing a regulatory ‘sandbox’ for financial services innovators</p><p> </p></li><li><p>Innovate Finance has agreed to deliver its FinTech regional strategy through a series of local partnerships; the first partnership has already been established in Leeds, and further partnerships will be established in Manchester and Edinburgh by April, and in Newcastle, Bristol and other centres before the end of the year.</p></li></ul><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 11:07:37 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1586 label Biography information for Adam Afriyie

224417

registered interest
date	02/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tonnage Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the change in tax liabilities for shipping companies in the tonnage tax scheme was in each (a) calendar and (b) financial year since the scheme was introduced; and what estimate he has made of the change in those liabilities in (i) 2014, (ii) 2013-14, (iii) 2015 and (iv) 2014-15.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	225876
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The tables below provides estimates of the difference between accruals of tax liabilities for the UK Shipping Industry through tonnage tax and what they would otherwise have been under standard UK Corporation Tax since 2000 for (a) calendar year and (b) financial year.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><table><tbody><tr><td><p><strong>Calendar Year</strong></p></td><td><p><strong>Reduction In Tax Liabilities<sup>1, 4</sup></strong></p></td></tr><tr><td><p>2000<sup>3</sup></p></td><td><p>£60m</p></td></tr><tr><td><p>2001<sup>3</sup></p></td><td><p>£65m</p></td></tr><tr><td><p>2002<sup>3</sup></p></td><td><p>£65m</p></td></tr><tr><td><p>2003<sup>3</sup></p></td><td><p>£80m</p></td></tr><tr><td><p>2004<sup>3</sup></p></td><td><p>£90m</p></td></tr><tr><td><p>2005</p></td><td><p>£95m</p></td></tr><tr><td><p>2006</p></td><td><p>£90m</p></td></tr><tr><td><p>2007</p></td><td><p>£135m</p></td></tr><tr><td><p>2008</p></td><td><p>£270m</p></td></tr><tr><td><p>2009</p></td><td><p>£95m</p></td></tr><tr><td><p>2010</p></td><td><p>£95m</p></td></tr><tr><td><p>2011</p></td><td><p>£120m</p></td></tr><tr><td><p>2012<sup>2</sup></p></td><td><p>£100m</p></td></tr><tr><td><p>2013<sup>5</sup></p></td><td><p>£100m</p></td></tr><tr><td><p>2014<sup>5</sup></p></td><td><p>£95m</p></td></tr><tr><td><p>2015<sup>5</sup></p></td><td><p>£95m</p></td></tr></tbody></table><p> </p><p> </p><p> </p><p> </p><p> </p><table><tbody><tr><td><p><strong>Financial Year</strong></p></td><td><p><strong>Reduction In Tax Liabilities<sup>1, 4</sup></strong></p></td></tr><tr><td><p>2000/01<sup>3</sup></p></td><td><p>£60m</p></td></tr><tr><td><p>2001/02<sup>3</sup></p></td><td><p>£65m</p></td></tr><tr><td><p>2002/03<sup>3</sup></p></td><td><p>£70m</p></td></tr><tr><td><p>2003/04<sup>3</sup></p></td><td><p>£80m</p></td></tr><tr><td><p>2004/05<sup>3</sup></p></td><td><p>£90m</p></td></tr><tr><td><p>2005/06</p></td><td><p>£90m</p></td></tr><tr><td><p>2006/07</p></td><td><p>£100m</p></td></tr><tr><td><p>2007/08</p></td><td><p>£170m</p></td></tr><tr><td><p>2008/09</p></td><td><p>£225m</p></td></tr><tr><td><p>2009/10</p></td><td><p>£95m</p></td></tr><tr><td><p>2010/11</p></td><td><p>£100m</p></td></tr><tr><td><p>2011/12<sup>2</sup></p></td><td><p>£115m</p></td></tr><tr><td><p>2012/13<sup>5</sup></p></td><td><p>£100m</p></td></tr><tr><td><p>2013/14<sup>5</sup></p></td><td><p>£100m</p></td></tr><tr><td><p>2014/15<sup>5</sup></p></td><td><p>£95m</p></td></tr></tbody></table><p> </p><p><strong> </strong></p><p> </p><p>Notes to tables:</p><p> </p><ol><li><p>Estimates have been rounded to the nearest £5m,</p></li><li><p>The latest tax returns data available are for 2012,</p></li><li><p>Estimates for 2000-2004 should be treated as indicative only, due to insufficient data being available before 2005,</p></li><li><p>Estimates are based on the assumption that without the introduction of tonnage tax in 2000, the level of affected UK shipping activities would have remained equal to that of 1999,</p></li><li><p>For years after 2012, estimates are projections.</p></li></ol><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/03/2015 17:46:59 answering member 1529 label Biography information for Mr David Gauke
tabling member	178 label Biography information for John McDonnell

224123

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inheritance Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 11 February 2015 to Questions 223142 and 223143, when he expects to publish the breakdown of the estimated numbers of deaths resulting in inheritance tax liabilities by Westminster parliamentary constituencies for years later than 2011-12.
tabling member constituency	Sheffield, Brightside and Hillsborough
tabling member printed	Mr David Blunkett
uin	225708
answer	answer is ministerial correction date of answer 04/03/2015 answer text <p>Updates to Table 12-12 of the Inheritance Tax Official Statistics covering estimated numbers of deaths resulting in Inheritance Tax liabilities for Westminster parliamentary constituencies are published annually at the end of July each year. The July 2015 update will include the estimated number of deaths resulting in Inheritance Tax liabilities in 2012-13.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 04/03/2015 17:13:54 answering member 1529 label Biography information for Mr David Gauke
tabling member	395 label Biography information for Lord Blunkett

224174

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Welfare State: Reform
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will publish an analysis of the effect of welfare reforms since 2010 (a) on welfare recipients, (b) on people with disabilities, (c) by geographical area and (d) on single parents, families, and people of working age compared to pensioners.
tabling member constituency	Sheffield, Brightside and Hillsborough
tabling member printed	Mr David Blunkett
uin	225761
answer	answer is ministerial correction date of answer 10/03/2015 answer text <p>The Government publishes distributional analysis at each fiscal event which shows how households across the income distribution are affected by this Government’s tax, welfare, and public service spending changes.</p><p> </p><p> </p><p> </p><p>The most recent assessment was at Autumn Statement 2014, which showed that the richest 20% of households continue to make the greatest contribution to reducing the deficit, both in cash terms and as a percentage of their income.</p><p> </p><p> </p><p> </p><p>This analysis is not available in breakdowns by categories other than the equivalised income and expenditure distributions.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 10/03/2015 16:42:44 answering member 1529 label Biography information for Mr David Gauke
tabling member	395 label Biography information for Lord Blunkett

224188

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people earn between £10,500 and £13,500; what forecast his Department has made of the average amount of income tax such people will pay in 2015-16; and how much tax such people paid in the last year for which figures are available.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	225791
answer	answer is ministerial correction date of answer 10/03/2015 answer text <p>It is estimated that in the year 2014-15 there are 4.1 million taxpayers earning between £10,500 and £13,500. Estimates of their average income tax liability are not available.</p><p> </p><p> </p><p> </p><p>These estimates are based upon the 2012-13 Survey of Personal Incomes projected to 2014-15 using economic assumptions consistent with the OBR’s December 2014 economic and fiscal outlook.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 10/03/2015 16:23:30 answering member 1529 label Biography information for Mr David Gauke
tabling member	1484 label Biography information for Helen Goodman

224189

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motor Vehicles: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 23 January 2015 to Question 220917 and to the Answer of 26 January 2015 to Question 221596, what the surcharge is for payment by monthly direct debit for each licence administered by his Department.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	225793
answer	answer is ministerial correction date of answer 10/03/2015 answer text <p>The Driver and Vehicle Licensing Agency, an executive agency of the Department for Transport is responsible for administering Vehicle Excise Duty (VED) payments on behalf of HM Treasury. HM Treasury does not administer any other licences. Motorists who elect to pay VED by monthly direct debit pay a 5 per cent surcharge. The 5 per cent surcharge applies to payment of VED for cars, vans and motorcycles by monthly direct debit. No charge applies when paying by annual direct debit.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 10/03/2015 16:29:17 answering member 1529 label Biography information for Mr David Gauke
tabling member	3910 label Biography information for Guto Bebb

224222

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Benefit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many families were paid child benefit for (a) one child, (b) two, (c) three and (d) four children or more in the last year for which figures are available.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	225783
answer	answer is ministerial correction date of answer 04/03/2015 answer text <p>The information can be found on Table 3 of the publication ‘Child Benefit Geographical Analysis Aug 2014’ are available here: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/407549/Child_Benefit_Geographical_Statistics_Aug_2014_formatted.xls" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/407549/Child_Benefit_Geographical_Statistics_Aug_2014_formatted.xls</a>. This publication provides figures accurate as at August 2014 and are the most recent available.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>Weekly rates have been stated as the average rate of Child Benefit as, as this is a fixed rate award, all recipient families with the same number of children will receive the same rate.</p><p> </p><p> </p><p> </p><p>The amount of Child Benefit received is therefore determined by the number of children in a family. Currently, families will receive £20.50 per week for the eldest child and £13.55 for each subsequent child. These rates are fixed until April 2015.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 225784 question first answered 04/03/2015 13:10:55 answering member 1529 label Biography information for Mr David Gauke
tabling member	1484 label Biography information for Helen Goodman

224223

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Benefit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the average value was of child benefit received by families with (a) one child, (b) two, (c) three and (d) four children or more in the last year for which figures are available.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	225784
answer	answer is ministerial correction date of answer 04/03/2015 answer text <p>The information can be found on Table 3 of the publication ‘Child Benefit Geographical Analysis Aug 2014’ are available here: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/407549/Child_Benefit_Geographical_Statistics_Aug_2014_formatted.xls" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/407549/Child_Benefit_Geographical_Statistics_Aug_2014_formatted.xls</a>. This publication provides figures accurate as at August 2014 and are the most recent available.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>Weekly rates have been stated as the average rate of Child Benefit as, as this is a fixed rate award, all recipient families with the same number of children will receive the same rate.</p><p> </p><p> </p><p> </p><p>The amount of Child Benefit received is therefore determined by the number of children in a family. Currently, families will receive £20.50 per week for the eldest child and £13.55 for each subsequent child. These rates are fixed until April 2015.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 225783 question first answered 04/03/2015 13:10:55 answering member 1529 label Biography information for Mr David Gauke
tabling member	1484 label Biography information for Helen Goodman

223406

registered interest
date	24/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Preston
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many staff employed at the Tax Credit Office in Preston are currently paid (a) more and (b) less than the living wage.
tabling member constituency	Preston
tabling member printed	Mark Hendrick
uin	225140
answer	answer is ministerial correction date of answer 04/03/2015 answer text <p>As at 31 January 2015, HMRC employed a total of 2044 staff within its Preston Tax Credit Office site. At that date there were no staff employed at the Tax Credit Office in Preston paid less than the living wage.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 04/03/2015 13:07:22 answering member 4066 label Biography information for Priti Patel
tabling member	473 label Biography information for Sir Mark Hendrick