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1605878
registered interest false more like this
date less than 2023-03-21more like thismore than 2023-03-21
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Actuaries: Regulation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, for what reason he proposes that the new Audit Regulation and Governance Authority will regulate non-public interest actuarial work. more like this
tabling member constituency East Ham more like this
tabling member printed
Sir Stephen Timms more like this
uin 170528 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>As set out in the Government’s May 2022 response to its White Paper consultation, <em>Restoring trust in audit and corporate governance, </em>the Government intends that the Audit, Reporting and Governance Authority (ARGA) will regulate public interest actuarial work. These activities have the most significant adverse consequences if not carried out and completed to an appropriate standard.</p><p> </p><p>For non-public interest actuarial work, ARGA will have powers to set technical standards, but will not have monitoring or enforcement powers.</p><p> </p><p>This approach maintains the status quo in respect of non-public interest actuarial work, as the Financial Reporting Council currently sets technical actuarial standards. It will also deliver a broader strengthening of the actuarial regime, as recommended in Sir John Kingman’s independent review.</p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
question first answered
less than 2023-03-24T13:26:48.97Zmore like thismore than 2023-03-24T13:26:48.97Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
1605912
registered interest false more like this
date less than 2023-03-21more like thismore than 2023-03-21
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Treasury: Written Questions more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, when he plans to respond to Question 165453 tabled by the hon. Member for Ealing North on 14th March 2023. more like this
tabling member constituency Ealing North more like this
tabling member printed
James Murray more like this
uin 170754 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>PQ UIN 165453 has now been answered.</p> more like this
answering member constituency Louth and Horncastle more like this
answering member printed Victoria Atkins more like this
question first answered
less than 2023-03-24T14:54:32.62Zmore like thismore than 2023-03-24T14:54:32.62Z
answering member
4399
label Biography information for Victoria Atkins more like this
tabling member
4797
label Biography information for James Murray more like this
1606014
registered interest false more like this
date less than 2023-03-21more like thismore than 2023-03-21
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Charities: Tax Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the impact of restricting charitable tax reliefs to UK charities on the number of donations to UK causes from overseas donors. more like this
tabling member constituency Worsley and Eccles South more like this
tabling member printed
Barbara Keeley more like this
uin 170571 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>Restricting charitable tax reliefs to UK charities is not expected to have any impact on the level of donations to UK causes from overseas donors. Overseas donors will be able to continue supporting UK charities and causes in exactly the same way as they have always done.</p> more like this
answering member constituency South Suffolk more like this
answering member printed James Cartlidge more like this
question first answered
less than 2023-03-24T14:23:30.853Zmore like thismore than 2023-03-24T14:23:30.853Z
answering member
4519
label Biography information for James Cartlidge more like this
tabling member
1588
label Biography information for Barbara Keeley more like this
1606023
registered interest false more like this
date less than 2023-03-21more like thismore than 2023-03-21
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Gift Aid more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of trends in the level of uptake of Gift Aid. more like this
tabling member constituency Worsley and Eccles South more like this
tabling member printed
Barbara Keeley more like this
uin 170573 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>Information on trends in the amount of Gift Aid HMRC pays to charities is available in the Charity Tax Relief statistics at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1092066/Tables_1_and_2_-_summary.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1092066/Tables_1_and_2_-_summary.pdf</a>.</p><p> </p><p><strong> </strong><strong>No formal assessment of trend has been made.</strong></p> more like this
answering member constituency South Suffolk more like this
answering member printed James Cartlidge more like this
question first answered
less than 2023-03-24T14:21:06.37Zmore like thismore than 2023-03-24T14:21:06.37Z
answering member
4519
label Biography information for James Cartlidge more like this
tabling member
1588
label Biography information for Barbara Keeley more like this
1606072
registered interest false more like this
date less than 2023-03-21more like thismore than 2023-03-21
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Research: Tax Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to paragraph 4.52 of the Spring Budget Report 2023, HC1183, published on 15 March 2023, what estimate his Department has made of the potential impact of the postponement of restrictions on overseas R&D tax reliefs expenditure on R&D investment in the financial years (a) 2022-23 and (b) 2023-24. more like this
tabling member constituency Newcastle upon Tyne Central more like this
tabling member printed
Chi Onwurah more like this
uin 170595 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>The previously announced restriction on some overseas expenditure will now come into effect from 1 April 2024 instead of 1 April 2023. This will allow the Government to consider the interaction between this restriction and the design of a potential merged R&amp;D relief.</p><p>Overall, R&amp;D reliefs will support an estimated £60 billion of business R&amp;D expenditure in 2027-2028, a 50 per cent increase from £40 billion in 2020-21. Expenditure on R&amp;D reliefs is forecast to increase in every year of the scorecard period.</p><p> </p> more like this
answering member constituency Louth and Horncastle more like this
answering member printed Victoria Atkins more like this
question first answered
less than 2023-03-24T14:52:15.083Zmore like thismore than 2023-03-24T14:52:15.083Z
answering member
4399
label Biography information for Victoria Atkins more like this
tabling member
4124
label Biography information for Chi Onwurah more like this
1605454
registered interest false more like this
date less than 2023-03-20more like thismore than 2023-03-20
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Bank Services more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of introducing a minimum level of access to essential in-person banking services. more like this
tabling member constituency Ealing Central and Acton more like this
tabling member printed
Dr Rupa Huq more like this
uin 169362 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>The way consumers and businesses interact with their banking and make payments continues to develop at pace, bringing significant benefits to those who choose to opt for the convenience, security, and speed of digital services.</p><p> </p><p>In recognition that cash continues to be used by millions of people across the UK, the government is currently taking legislation through Parliament as part of the Financial Services and Markets Bill to protect access to cash. The Bill will establish the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provide it with appropriate powers to seek to ensure reasonable provision of withdrawal and deposit facilities. These powers will allow the FCA to have regard to factors it considers appropriate, which could include cost for users.</p><p> </p><p>Regarding in-person banking services, the government believes that everyone, wherever they live, should have appropriate access to banking services. However, decisions on opening and closing branches, and the provision of in-person services, are a commercial issue for banks and building societies.</p><p> </p><p>Guidance from the FCA sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. The guidance has recently been strengthened and clearly expects firms to put in place alternatives, where this is reasonable, to ensure customer needs are met. Where firms fall short of expectations, the FCA may ask for closures to be paused or other options to be put in place.</p><p> </p><p>Alternative options to access cash and in-person banking services can be via the Post Office and other industry initiatives including cash pods, mobile banking vans and shared banking hubs. The Post Office Banking Framework allows 99% of personal banking and 95% of business customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches across the UK. Meanwhile, industry has committed to shared banking hubs in over 40 locations across the UK to date.</p>
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN 169363 more like this
question first answered
less than 2023-03-24T08:14:57.72Zmore like thismore than 2023-03-24T08:14:57.72Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
4511
label Biography information for Dr Rupa Huq more like this
1605455
registered interest false more like this
date less than 2023-03-20more like thismore than 2023-03-20
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Cash Dispensing: Small Businesses more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of introducing a minimum level of access to free-of-charge cash services for small businesses. more like this
tabling member constituency Ealing Central and Acton more like this
tabling member printed
Dr Rupa Huq more like this
uin 169363 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>The way consumers and businesses interact with their banking and make payments continues to develop at pace, bringing significant benefits to those who choose to opt for the convenience, security, and speed of digital services.</p><p> </p><p>In recognition that cash continues to be used by millions of people across the UK, the government is currently taking legislation through Parliament as part of the Financial Services and Markets Bill to protect access to cash. The Bill will establish the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provide it with appropriate powers to seek to ensure reasonable provision of withdrawal and deposit facilities. These powers will allow the FCA to have regard to factors it considers appropriate, which could include cost for users.</p><p> </p><p>Regarding in-person banking services, the government believes that everyone, wherever they live, should have appropriate access to banking services. However, decisions on opening and closing branches, and the provision of in-person services, are a commercial issue for banks and building societies.</p><p> </p><p>Guidance from the FCA sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. The guidance has recently been strengthened and clearly expects firms to put in place alternatives, where this is reasonable, to ensure customer needs are met. Where firms fall short of expectations, the FCA may ask for closures to be paused or other options to be put in place.</p><p> </p><p>Alternative options to access cash and in-person banking services can be via the Post Office and other industry initiatives including cash pods, mobile banking vans and shared banking hubs. The Post Office Banking Framework allows 99% of personal banking and 95% of business customers to deposit cheques, check their balance and withdraw and deposit cash at 11,500 Post Office branches across the UK. Meanwhile, industry has committed to shared banking hubs in over 40 locations across the UK to date.</p>
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN 169362 more like this
question first answered
less than 2023-03-24T08:14:57.77Zmore like thismore than 2023-03-24T08:14:57.77Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
4511
label Biography information for Dr Rupa Huq more like this
1605541
registered interest false more like this
date less than 2023-03-20more like thismore than 2023-03-20
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Revenue and Customs: Complaints more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what steps his Department is taking to increase the speed of responses to HMRC complaints. more like this
tabling member constituency Leeds North West more like this
tabling member printed
Alex Sobel more like this
uin 169413 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text HMRC is committed to delivering performance improvements to complaints handling and response times for customers. HMRC are working hard to address backlogs across post receipts from customers across various channels as well as customer complaints.<p> </p> more like this
answering member constituency Louth and Horncastle more like this
answering member printed Victoria Atkins more like this
question first answered
less than 2023-03-24T08:19:36.773Zmore like thismore than 2023-03-24T08:19:36.773Z
answering member
4399
label Biography information for Victoria Atkins more like this
tabling member
4658
label Biography information for Alex Sobel more like this
1603138
registered interest false more like this
date less than 2023-03-10more like thismore than 2023-03-10
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Theatres: Tax Allowances more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government, further to the remarks by Baroness Penn on 9 March (HL Deb col 886), whether they will include 50 per cent of marketing spend in the qualifying expenditure for Theatre Tax Relief to match the level of the equivalent scheme in the United States of America. more like this
tabling member printed
Baroness Bull more like this
uin HL6339 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>Whilst the Government keeps all tax reliefs under review, the Government is not planning to expand the scope of Theatre Tax Relief (TTR) to include 50 per cent of marketing spend. The objective of theatre tax relief is to support and incentivise production and that is why eligible expenditure is focussed on the costs that are incurred producing and closing the theatrical production, rather than marketing.</p><p> </p><p>The Government assesses that the equivalent scheme in New York is less generous overall than the UK relief: the amount of relief a production can receive is capped at $3 million and there are additional eligibility criteria and a more limited scope (for example, ballet and opera will not qualify). Whilst the UK scheme excludes marketing, it is uncapped and more generous in scope.</p><p> </p><p>At Spring Budget 2023, the Government went further to support theatres by extending the 45 per cent (for non-touring productions) and 50 per cent (for touring productions) rates of TTR for a further 2 years. The rates will taper to 30 per cent /35 per cent on 1 April 2025 and return to 20 per cent /25 per cent on 1 April 2026.</p><p> </p><p>The extension will continue to offset ongoing pressures and boost investment in our cultural sectors.</p><p> </p>
answering member printed Baroness Penn more like this
question first answered
less than 2023-03-24T13:51:22.017Zmore like thismore than 2023-03-24T13:51:22.017Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
4706
label Biography information for Baroness Bull more like this