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419456

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Money Laundering
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 the number of shell companies being used to invest corrupt money in the UK in each of the last 10 years; and what steps he plans to take to tighten related money laundering regulations.
tabling member constituency	West Aberdeenshire and Kincardine
tabling member printed	Stuart Blair Donaldson
uin	10587
answer	answer is ministerial correction date of answer 12/10/2015 answer text <p>The opaque nature of such structures means that we are unable to produce an accurate estimate of how many are used to invest corrupt money in the UK. That is one reason why the Prime Minister put beneficial ownership transparency at the heart of the UK’s G8 Presidency in 2013. The Small Business, Enterprise and Employment Act received Royal Assent earlier this year and established a public register of company beneficial ownership information. This register will be operational from June 2016. The Act also abolished bearer shares and introduced a requirement for all company directors to be natural persons.</p><p>In Europe, we worked hard during the negotiation of the 4<sup>th</sup> Anti-Money Laundering Directive to encourage European partners to match our level of ambition to ensure that criminal activity would not simply be displaced. The Directive was formally adopted in June 2015 and requires all Member States to implement central registers of company beneficial ownership will access for competent authorities, obliged entities and those with a legitimate interest. Member states have until June 2017 to transpose these requirements.</p><p>The Government is continuing to take strong action to make the UK a hostile environment for corrupt money and to make it increasingly difficult for criminals to abuse corporate structures. We will shortly publish the UK’s first National Risk Assessment of Money Laundering and Terrorist Financing and have committed to publishing an Anti-Money Laundering Action Plan to address those issues which are highlighted by the National Risk Assessment.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 12/10/2015 13:44:54 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4377 label Biography information for Stuart Blair Donaldson

419465

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Interest Rate Hedging Products
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effectiveness of the interest rate hedging products redress scheme operated by the Financial Conduct Authority.
tabling member constituency	Redcar
tabling member printed	Anna Turley
uin	10547
answer	answer is ministerial correction date of answer 16/10/2015 answer text <p>The information requested is available on the Financial Conduct Authority’s website:</p><p><a href="http://www.fca.org.uk/consumers/financial-services-products/banking/interest-rate-hedging-products" target="_blank">http://www.fca.org.uk/consumers/financial-services-products/banking/interest-rate-hedging-products</a>.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 16/10/2015 13:29:50 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4449 label Biography information for Anna Turley

419466

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Freezing of Assets: Syria
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assets of (a) President Assad and (b) the Syrian government have been frozen in the UK; and what the value is of those assets.
tabling member constituency	Walsall South
tabling member printed	Valerie Vaz
uin	10552
answer	answer is ministerial correction date of answer 12/10/2015 answer text <p>In view of the situation in Syria, Council Regulation (EU) No 36/2012 of 18 January 2012 imposed an asset freeze against listed Syrian individuals and entities. The EU Regulation, which has direct effect in the UK, requires that all funds and economic resources belonging to, owned, held or controlled by listed persons are frozen.</p><p>Those listed under this regime include natural and legal persons, entities and bodies who have been identified as being responsible for the violent repression against the civilian population in Syria, persons and entities benefiting from or supporting the regime, and natural or legal persons associated with them. These persons and entities include, but are not limited to, President Assad and several members and agencies of the Syrian government.</p><p>The approximate aggregate value of funds frozen in UK jurisdiction under EU Regulation 36/2012 is £151,080,000 (based on an annual audit in September 2014). These funds continue to belong to the individuals and entities listed under the Regulation and are not seized or otherwise held by HM Government.</p><p>The Regulation states that HM Treasury can use this information only for the purpose for which it was provided. In order to comply with this requirement, and to comply with UK data protection law, the figure is provided on an aggregate basis so as not to disclose data relating to funds held by particular individuals or entities.</p><p>HM Treasury publishes the names of those subject to EU financial sanctions on the Consolidated List of Financial Sanctions Targets in the UK, which can be found on the gov.uk website.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 12/10/2015 13:42:04 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4076 label Biography information for Valerie Vaz

419467

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tourism: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the annual VAT take is from tourism businesses in Wales.
tabling member constituency	Vale of Clwyd
tabling member printed	Dr James Davies
uin	10571
answer	answer is ministerial correction date of answer 16/10/2015 answer text <p>HM Revenue and Customs does not collect data on VAT receipts from particular goods and services, and has not estimated the VAT take from tourism businesses in Wales.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 16/10/2015 13:47:57 answering member 1529 label Biography information for Mr David Gauke
tabling member	4476 label Biography information for Dr James Davies

419468

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Opencast Mining: Tax Yields
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much has accrued to the public purse in tax receipts from the extraction of coal from open cast mines over the period 1995 to 2015.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	10607
answer	answer is ministerial correction date of answer 12/10/2015 answer text <p>There are no taxes levied specifically on open cast coal mining. This activity is subject to the UK's general taxation regimes such as VAT and Corporation Tax. However it is not possible to say how much revenue these taxes raise from open cast mines, as the number of companies involved is below the Government’s threshold for disclosing tax liabilities.</p> answering member constituency East Hampshire answering member printed Damian Hinds question first answered 12/10/2015 14:05:17 answering member 3969 label Biography information for Damian Hinds
tabling member	4470 label Biography information for Alan Brown

419469

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Carbon Emissions: Scotland
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 (a) the merits and (b) compatibility with European requirements of a carbon price support exemption scheme in Scotland; and by what process evaluation of that scheme was conducted.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	10605
answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities and ultimately with the Scottish Government. The Treasury has fully considered the two proposals put to them for addressing the shortfall of land restoration on abandoned Scottish coal mines: an exemption from the Carbon Price Support (CPS) tax and a direct grant from the Exchequer. Following discussions with Hargreaves, the UK Coal Authority, the Scotland Office, the Scottish Government and DECC, the Treasury has had to decline both proposals after thorough consideration. The reasons for this include: - Addressing the shortfall in land restoration is not the responsibility of the UK Government. Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities. - The proposals are unaffordable in the current fiscal climate. They would also set a precedent that would risk discouraging companies and local authorities from making proper financial provision for the cost of site restoration and future environmental liabilities. - A CPS exemption would be an inefficient means of addressing the shortfall of land restoration, as the money would not go directly towards this aim and it would incur significant administration costs. - A CPS exemption would distort the market by making non-exempt coal less competitive, and by discouraging investment in low carbon power generation. I have written to the Scottish Government’s Minister for Business, Energy and Tourism informing him of this decision and I would be happy to consider any other options put forward.</p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 10601 10603 10604 10606 10608 10609 10610 10611 10612 10615 11469 question first answered 21/10/2015 13:33:15 answering member 3969 label Biography information for Damian Hinds
tabling member	4470 label Biography information for Alan Brown

419470

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Carbon Emissions: Scotland
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 the potential supplementary income generated from the proposals of a carbon price support exemption scheme in Scotland.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	10606
answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities and ultimately with the Scottish Government. The Treasury has fully considered the two proposals put to them for addressing the shortfall of land restoration on abandoned Scottish coal mines: an exemption from the Carbon Price Support (CPS) tax and a direct grant from the Exchequer. Following discussions with Hargreaves, the UK Coal Authority, the Scotland Office, the Scottish Government and DECC, the Treasury has had to decline both proposals after thorough consideration. The reasons for this include: - Addressing the shortfall in land restoration is not the responsibility of the UK Government. Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities. - The proposals are unaffordable in the current fiscal climate. They would also set a precedent that would risk discouraging companies and local authorities from making proper financial provision for the cost of site restoration and future environmental liabilities. - A CPS exemption would be an inefficient means of addressing the shortfall of land restoration, as the money would not go directly towards this aim and it would incur significant administration costs. - A CPS exemption would distort the market by making non-exempt coal less competitive, and by discouraging investment in low carbon power generation. I have written to the Scottish Government’s Minister for Business, Energy and Tourism informing him of this decision and I would be happy to consider any other options put forward.</p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 10601 10603 10604 10605 10608 10609 10610 10611 10612 10615 11469 question first answered 21/10/2015 13:33:15 answering member 3969 label Biography information for Damian Hinds
tabling member	4470 label Biography information for Alan Brown

419471

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Opencast Mining: Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to paragraph 2.260 of the 2015 Budget, what alternative options his Department has considered to address the environmental liabilities associated with unrestored opencast mines in Scotland; and for what reasons each such option was not chosen.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	10601
answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities and ultimately with the Scottish Government. The Treasury has fully considered the two proposals put to them for addressing the shortfall of land restoration on abandoned Scottish coal mines: an exemption from the Carbon Price Support (CPS) tax and a direct grant from the Exchequer. Following discussions with Hargreaves, the UK Coal Authority, the Scotland Office, the Scottish Government and DECC, the Treasury has had to decline both proposals after thorough consideration. The reasons for this include: - Addressing the shortfall in land restoration is not the responsibility of the UK Government. Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities. - The proposals are unaffordable in the current fiscal climate. They would also set a precedent that would risk discouraging companies and local authorities from making proper financial provision for the cost of site restoration and future environmental liabilities. - A CPS exemption would be an inefficient means of addressing the shortfall of land restoration, as the money would not go directly towards this aim and it would incur significant administration costs. - A CPS exemption would distort the market by making non-exempt coal less competitive, and by discouraging investment in low carbon power generation. I have written to the Scottish Government’s Minister for Business, Energy and Tourism informing him of this decision and I would be happy to consider any other options put forward.</p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 10603 10604 10605 10606 10608 10609 10610 10611 10612 10615 11469 question first answered 21/10/2015 13:33:14 answering member 3969 label Biography information for Damian Hinds
tabling member	4470 label Biography information for Alan Brown

419472

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Employment: Ayrshire
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on employment in (a) Kilmarnock and Loudoun constituency and (b) Ayr, Carrick and Cumnock constituency of his Department's decision to not offer assistance with restoration proposals.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	10603
answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities and ultimately with the Scottish Government. The Treasury has fully considered the two proposals put to them for addressing the shortfall of land restoration on abandoned Scottish coal mines: an exemption from the Carbon Price Support (CPS) tax and a direct grant from the Exchequer. Following discussions with Hargreaves, the UK Coal Authority, the Scotland Office, the Scottish Government and DECC, the Treasury has had to decline both proposals after thorough consideration. The reasons for this include: - Addressing the shortfall in land restoration is not the responsibility of the UK Government. Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities. - The proposals are unaffordable in the current fiscal climate. They would also set a precedent that would risk discouraging companies and local authorities from making proper financial provision for the cost of site restoration and future environmental liabilities. - A CPS exemption would be an inefficient means of addressing the shortfall of land restoration, as the money would not go directly towards this aim and it would incur significant administration costs. - A CPS exemption would distort the market by making non-exempt coal less competitive, and by discouraging investment in low carbon power generation. I have written to the Scottish Government’s Minister for Business, Energy and Tourism informing him of this decision and I would be happy to consider any other options put forward.</p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 10601 10604 10605 10606 10608 10609 10610 10611 10612 10615 11469 question first answered 21/10/2015 13:33:15 answering member 3969 label Biography information for Damian Hinds
tabling member	4470 label Biography information for Alan Brown

419473

registered interest
date	17/09/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Job Creation: Ayrshire
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential number of jobs created in (a) Kilmarnock and Loudoun constituency and (b) Ayr, Carrick and Cumnock constituency of the implementation of a carbon price support exemption scheme.
tabling member constituency	Kilmarnock and Loudoun
tabling member printed	Alan Brown
uin	10604
answer	answer is ministerial correction date of answer 21/10/2015 answer text <p>Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities and ultimately with the Scottish Government. The Treasury has fully considered the two proposals put to them for addressing the shortfall of land restoration on abandoned Scottish coal mines: an exemption from the Carbon Price Support (CPS) tax and a direct grant from the Exchequer. Following discussions with Hargreaves, the UK Coal Authority, the Scotland Office, the Scottish Government and DECC, the Treasury has had to decline both proposals after thorough consideration. The reasons for this include: - Addressing the shortfall in land restoration is not the responsibility of the UK Government. Environmental protection is a devolved matter, and outstanding land restoration liabilities lie with the relevant local authorities. - The proposals are unaffordable in the current fiscal climate. They would also set a precedent that would risk discouraging companies and local authorities from making proper financial provision for the cost of site restoration and future environmental liabilities. - A CPS exemption would be an inefficient means of addressing the shortfall of land restoration, as the money would not go directly towards this aim and it would incur significant administration costs. - A CPS exemption would distort the market by making non-exempt coal less competitive, and by discouraging investment in low carbon power generation. I have written to the Scottish Government’s Minister for Business, Energy and Tourism informing him of this decision and I would be happy to consider any other options put forward.</p> answering member constituency East Hampshire answering member printed Damian Hinds grouped question UIN 10601 10603 10605 10606 10608 10609 10610 10611 10612 10615 11469 question first answered 21/10/2015 13:33:15 answering member 3969 label Biography information for Damian Hinds
tabling member	4470 label Biography information for Alan Brown