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1306848

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanitary Products: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment she has made of the effect on women's income of excluding reusable sanitary underwear from the new zero rate of VAT.
tabling member constituency	Wrexham
tabling member printed	Sarah Atherton
uin	178541
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>A zero rate of VAT has applied to women’s sanitary products since 1 January 2021. This applies to those products which were previously subject to the reduced rate of 5 per cent, for example, tampons and pads, and to reusable menstrual products, such as keepers.</p><p> </p><p>The relief specifically excludes articles of clothing, such as “period pants”. Such exclusions are designed to ensure that the relief is properly targeted, since difficulties in policing the scope of the relief create the potential for litigation, erosion of the tax base and a reduction in revenue. Under existing rules “period pants” may already qualify for the zero rate, if they have been specifically designed to be worn by a child, meet the sizing criteria, and are held out for sale specifically for use by girls under the age of 14 years old.</p><p> </p><p>Details are provided in VAT Notice 714: zero-rating young children's clothing and footwear: <a href="https://www.gov.uk/government/publications/vat-notice-714-zero-rating-young-childrens-clothing-and-footwear/vat-notice-714-zero-rating-young-childrens-clothing-and-footwear#items-suitable-only-for-young-children" target="_blank">https://www.gov.uk/government/publications/vat-notice-714-zero-rating-young-childrens-clothing-and-footwear/vat-notice-714-zero-rating-young-childrens-clothing-and-footwear#items-suitable-only-for-young-children</a>.</p><p> </p><p>The Treasury, along with other relevant departments, carefully considers the impact of its decisions on those sharing protected characteristics, including at Budgets and other fiscal events, in line with both its legal obligations and with its commitment to promoting fairness.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 15:03:53 answering member 3991 label Biography information for Jesse Norman
tabling member	4855 label Biography information for Sarah Atherton

1308448

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Music: SME Brexit Support Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether small and medium sized enterprises trading in the music industry are eligible to apply for the SME Brexit Support Fund.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	180414
answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>Small and medium-sized enterprises that were trading with the EU prior to 1 January are eligible for the SME Brexit Support Fund if they were only trading with the EU and therefore need to adjust to new customs, rules of origin, and VAT rules.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 19/04/2021 14:38:16 answering member 3991 label Biography information for Jesse Norman
tabling member	1400 label Biography information for Kevin Brennan

1308449

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	SME Brexit Support Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential benefits to businesses of the SME Brexit Support Fund.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	180415
answer	answer is ministerial correction date of answer 21/04/2021 answer text <p>The £20 million SME Brexit fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes. It allows smaller businesses to apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. Small and medium-sized enterprises can also use this money to seek professional advice in these areas.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 21/04/2021 13:51:50 answering member 3991 label Biography information for Jesse Norman
tabling member	1400 label Biography information for Kevin Brennan

1308481

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the implementation of changes to the loan charge, what estimate he has made of the number of people that are (a) falling into debt and (b) declaring bankruptcy as a result of those changes; and what assessment he has made of the effect on the mental health of people affected by those changes.
tabling member constituency	Coventry South
tabling member printed	Zarah Sultana
uin	180619
answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>No estimate can be provided for the number of people who have fallen into debt, or who have been declared bankrupt, as a result of the loan charge. Falling into debt or being declared bankrupt can occur for many reasons, not necessarily as a direct result of a loan charge liability.</p><p>HMRC are not always the only creditor; some individuals may fall into debt or are declared bankrupt as a result of a non-HMRC debt and some individuals may choose to enter insolvency themselves based on their overall financial position.</p><p>HMRC only ever consider insolvency as a last resort and encourage taxpayers to get in contact to agree the best way to settle their tax debts. Anyone who is worried about being able to pay what they owe is encouraged to get in touch with HMRC as soon as possible on 03000 599110. Where a taxpayer is unable to pay their debt in full HMRC will work with them to agree an instalment arrangement based on their individual financial circumstances, and there is no maximum length.</p><p>The Government recognises that tax burdens can add significant pressures. HMRC also recognise that some taxpayers need extra help because of their individual needs or circumstances. HMRC are committed to identifying and supporting taxpayers who need extra help with their tax affairs.</p><p>HMRC have signposted the extra help available to taxpayers in correspondence and on calls. Staff look out for indications that a taxpayer may need extra support, and where appropriate will transfer them to an Extra Support adviser who has the skills and knowledge needed to help them.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 15:05:06 answering member 3991 label Biography information for Jesse Norman
tabling member	4786 label Biography information for Zarah Sultana

1308521

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will consider introducing a personal loan scheme similar to the Bounce Back Scheme to provide people in debt with a low interest route to financial wellbeing in the context of increasing household debt levels as a result of the covid-19 outbreak.
tabling member constituency	Upper Bann
tabling member printed	Carla Lockhart
uin	180652
answer	answer is ministerial correction date of answer 21/04/2021 answer text <p>While the total amount of outstanding lending to individuals has increased by 0.9% since February 2020. The growth rate was below pre-pandemic levels and has mostly been driven by an increase in lending for house purchases. Since February 2020, the amount of outstanding consumer credit has fallen by 13.2%.</p><p> </p><p>To support households that have been affected by Covid-19, we have put in place unprecedented support – including the Coronavirus Job Retention Scheme, the Self-Employment Income Support Scheme, and a package of welfare measures on which we spent an additional £7.4 billion in the 2020-21 financial year.</p><p> </p><p>We have also taken specific action to support those in debt or in need of affordable credit as a result of Covid-19. For those facing temporary payment difficulties as a result of the pandemic, we worked with the FCA to introduce mortgage and consumer credit payment holidays. The Government has also agreed to maintain record levels of debt advice funding for the Money and Pension Service in 2021-22. To support access to affordable credit, since 2019, the Government has allocated £96 million of dormant assets funding to Fair4All Finance. Fair4All Finance was founded to improve the financial wellbeing of those who are financially vulnerable through fair and affordable financial products and services.</p><p> </p><p>With respect to setting up a loan scheme, at Budget, HM Treasury announced it would provide up to £3.8 million of funding to deliver a pilot No-Interest Loans Scheme. The scheme will support vulnerable consumers who would benefit from affordable rather than high-cost credit to meet unexpected costs.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/04/2021 12:54:57 answering member 4051 label Biography information for John Glen
tabling member	4857 label Biography information for Carla Lockhart

1308529

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will publish the minutes of the meetings held between officials in his Department and Greensill Capital; and whether there were any meetings that took place that were not minuted and for what reason.
tabling member constituency	Wallasey
tabling member printed	Dame Angela Eagle
uin	180408
answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>HM Treasury has released a range of information relating to this matter both proactively and in response to FOI requests including details of meetings held between Greensill and HM Treasury senior officials between April – June 2020.</p><p> </p><p>Links to these releases can be found online: <a href="https://www.gov.uk/government/publications/hm-treasury-greensill-meetings" target="_blank">https://www.gov.uk/government/publications/hm-treasury-greensill-meetings</a> and <a href="https://www.gov.uk/government/publications/response-to-a-freedom-of-information-request-on-greensill" target="_blank">https://www.gov.uk/government/publications/response-to-a-freedom-of-information-request-on-greensill</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 19/04/2021 08:41:36 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1308530

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greensill: Covid Corporate Financing Facility
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he had any discussions with the Bank of England on the potential to grant Greensill Capital access to its Covid Corporate Financing Facility.
tabling member constituency	Wallasey
tabling member printed	Dame Angela Eagle
uin	180409
answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>In the context of discussions about Covid support schemes, the Bank, as operators of the CCFF, were informed that HM Treasury were not minded to adjust the scheme to include supply chain finance.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/04/2021 14:34:52 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1308544

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	First Time Buyers: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking to support first-time buyers in (a) Coventry North East constituency, (b) Coventry, (c) the West Midlands and (d) England during the covid-19 outbreak.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	180516
answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>The Government is supporting first-time buyers through a range of measures, including those announced at Budget 2021.</p><p> </p><p>At Budget 2015, the Government announced the Help to Buy: ISA to support people saving up for their first home. Savers who opened an account before December 2019 are eligible to claim for a government bonus of up to £3000 towards the purchase of their first home. Since it launched in 2015, 472,702 bonuses have been paid through the scheme supporting 359,250 property completions across the UK with 36,190 completions in the West midlands.</p><p> </p><p>Similarly, the Lifetime ISA (LISA) allows those under 40 to save either towards buying a home or for the long term. Like the Help to Buy: ISA, the Government provides a 25% bonus month on month, meaning that people who save the maximum will receive a £1,000 bonus each year. First-time buyers saving into a LISA can use their tax-free savings, including the government bonus, to buy a home up to the value of £450,000 anywhere in the UK, at any point after the account has been open for 12 months.</p><p> </p><p>The mortgage guarantee scheme announced at Budget and launching on 19 April 2021 will help to increase the supply of 95% loan to value (LTV) mortgages for credit-worthy households. The scheme follows on from the successful 2013 Help to Buy: Mortgage Guarantee Scheme, which helped to restore the high LTV market after the financial crisis, giving those who could afford mortgage repayments but not the larger deposits the chance to buy a new home.</p><p> </p><p>The Government have also amended the Stamp Duty Land Tax (SDLT) meaning for properties costing up to £500,000, first-time buyers will pay no Stamp Duty on the first £300,000 and then only pay Stamp Duty at a rate of 5% on the remaining amount, up to £200,000.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/04/2021 08:45:29 answering member 4051 label Biography information for John Glen
tabling member	4378 label Biography information for Colleen Fletcher

1308587

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Overseas Trade
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what measures the Government has put in place to support businesses that have experienced a decline in (a) exports and (b) imports between December 2020 and March 2021.
tabling member constituency	Coventry South
tabling member printed	Zarah Sultana
uin	180620
answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>The Government has put in place a range of measures to facilitate trade with the EU and to avoid disruption at ports including publishing comprehensive guidance on the new arrangements for trade with the EU and operating a staged approach to customs controls. Until 31 December 2021 most traders importing non-controlled goods from the EU can make a declaration in their own records and defer making a customs declaration to HMRC for 175 days. Further information can be found at <a href="https://www.gov.uk/guidance/delaying-declarations-for-eu-goods-brought-into-great-britain" target="_blank">https://www.gov.uk/guidance/delaying-declarations-for-eu-goods-brought-into-great-britain</a>. The Government has also provided a £20 million Brexit Support Fund to support small and medium sized businesses (SMEs) in adjusting to new customs, rules of origin, and VAT rules when trading with the EU.</p><p> </p><p>In addition, businesses can choose to use customs facilitations to make trading across borders quicker, cheaper and easier. Further information can be found at <a href="https://www.gov.uk/guidance/check-if-you-can-delay-customs-duty-and-import-vat" target="_blank">https://www.gov.uk/guidance/check-if-you-can-delay-customs-duty-and-import-vat</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 180621 question first answered 19/04/2021 14:27:29 answering member 3991 label Biography information for Jesse Norman
tabling member	4786 label Biography information for Zarah Sultana

1308588

registered interest
date	13/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps the Government has taken to support businesses that are unable to purchase essential materials from the EU.
tabling member constituency	Coventry South
tabling member printed	Zarah Sultana
uin	180621
answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>The Government has put in place a range of measures to facilitate trade with the EU and to avoid disruption at ports including publishing comprehensive guidance on the new arrangements for trade with the EU and operating a staged approach to customs controls. Until 31 December 2021 most traders importing non-controlled goods from the EU can make a declaration in their own records and defer making a customs declaration to HMRC for 175 days. Further information can be found at <a href="https://www.gov.uk/guidance/delaying-declarations-for-eu-goods-brought-into-great-britain" target="_blank">https://www.gov.uk/guidance/delaying-declarations-for-eu-goods-brought-into-great-britain</a>. The Government has also provided a £20 million Brexit Support Fund to support small and medium sized businesses (SMEs) in adjusting to new customs, rules of origin, and VAT rules when trading with the EU.</p><p> </p><p>In addition, businesses can choose to use customs facilitations to make trading across borders quicker, cheaper and easier. Further information can be found at <a href="https://www.gov.uk/guidance/check-if-you-can-delay-customs-duty-and-import-vat" target="_blank">https://www.gov.uk/guidance/check-if-you-can-delay-customs-duty-and-import-vat</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 180620 question first answered 19/04/2021 14:27:29 answering member 3991 label Biography information for Jesse Norman
tabling member	4786 label Biography information for Zarah Sultana