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820709

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Income Tax: Scotland
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 effect of the proposal to raise income tax in Scotland on cross-border trade, employment and the location of businesses.
tabling member constituency	Berwickshire, Roxburgh and Selkirk
tabling member printed	John Lamont
uin	122127
answer	answer is ministerial correction date of answer 19/01/2018 answer text <p>The Scottish government announced proposals in December which will raise income tax for many Scottish taxpayers.</p><p> </p><p>These decisions are a matter for the Scottish Government, following devolution of unprecedented income tax powers, giving the Scottish government more autonomy and accountability. Therefore, it is for the Scottish Government to decide whether to increase income taxes for Scottish taxpayers.</p><p> </p><p>Analysis published by the Scottish Government shows nearly all of the benefit for lower earners in Scotland is a result of personal allowance increases, and that if the UK Government had not increased the personal allowance everyone in Scotland earning over £26,000 would pay more because of these changes.</p><p> </p><p>Meanwhile, this UK Government will continue to operate an income tax system that best supports a strong and prosperous UK economy – an economy that has grown continuously for 19 quarters, with a deficit that has been reduced by three quarters since 2010 and an unemployment rate at its lowest in over 40 years.</p><p> </p><p>We also continue to support lower earners by cutting income tax. As a result of successive increases to the personal allowance, 1.2m individuals will be taken out of income tax altogether by 2018-19 (compared to 2015-16), and a typical basic rate taxpayer will pay £1,075 less income tax in 2018-19 than in 2010-11.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/01/2018 12:38:02 answering member 3935 label Biography information for Mel Stride
tabling member	4608 label Biography information for John Lamont

820721

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Imports: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will estimate the cost to the public purse in (a) 2019-2020, (b) 2020-2021 and (c) 2021-2022 of implementing a system of payments of upfront VAT by companies when importing goods into the UK from the EU in the event that the UK leaves the EU VAT area on 29 March 2019.
tabling member constituency	West Ham
tabling member printed	Lyn Brown
uin	122139
answer	answer is ministerial correction date of answer 19/01/2018 answer text <p>The Government recognises the importance of VAT accounting treatment to business, and is exploring options to mitigate any cash-flow impacts for business as a result of potential changes following EU exit. The Government’s aim is to keep VAT processes as close as possible to what they are now.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 122080 122083 122140 question first answered 19/01/2018 12:28:07 answering member 3935 label Biography information for Mel Stride
tabling member	1583 label Biography information for Ms Lyn Brown

820722

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Imports: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the effect on small and medium-sized businesses of implementing a system of payments of upfront VAT by companies when importing goods into the UK from the EU in the event that the UK leaves the EU VAT area on 29 March 2019.
tabling member constituency	West Ham
tabling member printed	Lyn Brown
uin	122140
answer	answer is ministerial correction date of answer 19/01/2018 answer text <p>The Government recognises the importance of VAT accounting treatment to business, and is exploring options to mitigate any cash-flow impacts for business as a result of potential changes following EU exit. The Government’s aim is to keep VAT processes as close as possible to what they are now.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 122080 122083 122139 question first answered 19/01/2018 12:28:07 answering member 3935 label Biography information for Mel Stride
tabling member	1583 label Biography information for Ms Lyn Brown

820724

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Imports: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the effect on small and medium-sized businesses of changes in the costs of importing goods into the UK in the event that the UK leaves the EU customs union on 29 March 2019.
tabling member constituency	West Ham
tabling member printed	Lyn Brown
uin	122142
answer	answer is ministerial correction date of answer 19/01/2018 answer text The Government has been clear that, as we leave the EU, we will also leave the EU customs union. Future customs arrangements are dependent on the outcome of the negotiations with the EU. The Government is engaging with businesses, including small and medium-sized enterprises, in every sector and region of the UK economy to assess the effect of EU Exit on them. answering member constituency Central Devon answering member printed Mel Stride question first answered 19/01/2018 12:24:25 answering member 3935 label Biography information for Mel Stride
tabling member	1583 label Biography information for Ms Lyn Brown

820730

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Cryptocurrencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with officials from the Financial Conduct Authority on consumer protection with respect to (a) the marketing of and (b) the regulatory environment for crypto-currencies; and if he will make a statement.
tabling member constituency	West Ham
tabling member printed	Lyn Brown
uin	122148
answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>Treasury ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. This includes regular meetings with the Financial Conduct Authority to discuss relevant regulatory issues, including the regulation of crypto-currencies.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations are published on a quarterly basis and are available at:</p><p> </p><p><a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 16/01/2018 16:46:10 answering member 4051 label Biography information for John Glen
tabling member	1583 label Biography information for Ms Lyn Brown

820741

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the Answer of 8 February 2016 to Question 25744 and of 6 June 2016 to Question 38400, when he plans to publish the equity return information on all PFI and PF2 projects.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	122159
answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>We plan to publish the equity IRR data for PF2 projects as part of the PFI and PF2 annual summary data, which will be as at 31 March 2017. We expect to publish this data shortly.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 16/01/2018 16:19:57 answering member 4320 label Biography information for Robert Jenrick
tabling member	4088 label Biography information for Stella Creasy

820742

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Infrastructure: Public Sector
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many business cases for public sector infrastructure investment projects which are not financed by the private sector his Department has received by (a) Government department, (b) outcome and (c) year since 1990.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	122160
answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>The information is not held in the form requested and could only be provided at disproportionate cost. The government provides extensive information on the progress of major projects in the <a href="https://www.gov.uk/government/publications/infrastructure-and-projects-authority-annual-report-2017" target="_blank">Annual Report on Major Projects</a>. The government also publishes regular updates to the National Infrastructure and Construction Pipeline of future infrastructure investment, which shows the split between private and public funding. The <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/665332/Analysis_of_National_Infrastructure_and_Construction_Pipeline_2017.pdf" target="_blank">2017 National Infrastructure and Construction Pipeline</a> provided an update on delivery of priority infrastructure projects since 2010.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 16/01/2018 16:10:10 answering member 4320 label Biography information for Robert Jenrick
tabling member	4088 label Biography information for Stella Creasy

820768

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Venture Capital: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the cost to the public purse was of venture capital schemes: tax relief for investors in (a) 2010, (b) 2011, (c) 2012, (d) 2013, (e) 2014, (f) 2015, (g) 2016 and (h) 2017.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	122186
answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>HMRC publishes reports on the estimated cost of the various tax reliefs. Information on the Income Tax relief for investments in Venture Capital Trusts, the Enterprise Investment Scheme and Seed Investment Enterprise Scheme, and Capital Gains Tax relief for the Enterprise Investment Scheme can be found in:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs</a></p><p> </p><p>Information on the Capital Gains Tax relief for investments in Venture Capital Trusts and the Seed Enterprise Investment Scheme can be found in:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/minor-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/minor-tax-expenditures-and-structural-reliefs</a></p><p> </p><p>These tables include the information back to 2012-13.</p><p> </p><p>Combined IT and CGT relief for years prior to this can be found in:</p><p><a href="http://webarchive.nationalarchives.gov.uk/20120207135500/http:/www.hmrc.gov.uk/stats/tax_expenditures/menu.htm" target="_blank">http://webarchive.nationalarchives.gov.uk/20120207135500/http://www.hmrc.gov.uk/stats/tax_expenditures/menu.htm</a></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 122187 question first answered 16/01/2018 17:36:19 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

820769

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Enterprise Investment Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the cost to the public purse was of the enterprise investment scheme in (a) 2010, (b) 2011, (c) 2012, (d) 2013, (e) 2014, (f) 2015, (g) 2016 and (h) 2017.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	122187
answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>HMRC publishes reports on the estimated cost of the various tax reliefs. Information on the Income Tax relief for investments in Venture Capital Trusts, the Enterprise Investment Scheme and Seed Investment Enterprise Scheme, and Capital Gains Tax relief for the Enterprise Investment Scheme can be found in:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs</a></p><p> </p><p>Information on the Capital Gains Tax relief for investments in Venture Capital Trusts and the Seed Enterprise Investment Scheme can be found in:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/minor-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/minor-tax-expenditures-and-structural-reliefs</a></p><p> </p><p>These tables include the information back to 2012-13.</p><p> </p><p>Combined IT and CGT relief for years prior to this can be found in:</p><p><a href="http://webarchive.nationalarchives.gov.uk/20120207135500/http:/www.hmrc.gov.uk/stats/tax_expenditures/menu.htm" target="_blank">http://webarchive.nationalarchives.gov.uk/20120207135500/http://www.hmrc.gov.uk/stats/tax_expenditures/menu.htm</a></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 122186 question first answered 16/01/2018 17:36:19 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

820770

registered interest
date	11/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Income Tax: Tax Rates and Bands
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 potential merits of abolishing the 50p income tax rate.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	122188
answer	answer is ministerial correction date of answer 19/01/2018 answer text <p>The estimated impact of the 50p rate of tax was set out in the HM Revenue and Customs report “The Exchequer effect of the 50 per cent additional rate of income tax”:</p><p> </p><p><a href="http://webarchive.nationalarchives.gov.uk/20140206181159/http:/www.hmrc.gov.uk/budget2012/excheq-income-tax-2042.pdf" target="_blank">http://webarchive.nationalarchives.gov.uk/20140206181159/http://www.hmrc.gov.uk/budget2012/excheq-income-tax-2042.pdf</a></p><p> </p><p>This report showed that the 50p rate was a distortive and economically inefficient way of raising revenue and it did not raise what was expected. It raised at best only £1 billion and at worst could have cost the Exchequer. This is considerably less than the £2.5bn which was expected when introduced by Labour.</p><p> </p><p>There has been no new evidence to suggest the conclusions of this report were incorrect.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/01/2018 12:44:31 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd