Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1668110

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Pay
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to the announcement by the then Chancellor of the Exchequer on 23 September 2022 to remove the cap on bankers' bonuses (HC Deb col 936), what consideration they have given to curbing any risk-taking in the financial sector which may occur as a result of the removal of that cap; and further to the finding in the High Pay Centre report Analysis of UK CEO Pay in 2022, published in August, that FTSE 100 CEO pay rose by 16 per cent in 2022, what consideration they have given to curbing the pay of senior staff in the financial sector, including by implementing the then Prime Minister's plans for the reform of boardroom governance in July 2016 by ensuring worker representation in boardrooms.
tabling member printed	Baroness O'Grady of Upper Holloway
uin	HL64
answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>As the Chancellor set out in the Edinburgh Reforms last year, the government remains committed to high standards and to a robust regulatory environment that safeguards the UK’s financial stability.</p><p> </p><p>The PRA and FCA, who are responsible for rules on remuneration, are operationally independent from government and have statutory objectives to promote safety, soundness, and effective market functioning.</p><p> </p><p>The removal of the bonus cap is entirely a decision by the independent regulators.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 12:34:22 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4977 label Biography information for Baroness O'Grady of Upper Holloway

1668122

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Reclaim Fund
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how much money has been paid out to claimants by The Reclaim Fund in each of the past five years, following enactment of the Dormant Bank and Building Society Accounts Act 2008.
tabling member printed	Lord Young of Cookham
uin	HL81
answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Reclaim Fund Ltd (RFL) has distributed the following amounts in each of the past five years to dormant account owners:</p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>2017</strong></p></td><td><p><strong>2018</strong></p></td><td><p><strong>2019</strong></p></td><td><p><strong>2020</strong></p></td><td><p><strong>2021/22</strong></p></td><td><p><strong>2022/23</strong></p></td></tr><tr><td><p>Reclaims (£m)</p></td><td><p>15.7</p></td><td><p>13.9</p></td><td><p>12.9</p></td><td><p>12.9</p></td><td><p>15.4</p></td><td><p>15.3</p></td></tr></tbody></table><p>In line with its statutory obligation, RFL continues to meet customer reclaims in perpetuity. Reclaim rates have remained broadly consistent since the inception of the Dormant Assets Scheme in 2011.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 17:01:32 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	57 label Biography information for Lord Young of Cookham

1668144

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Training: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to regularise the treatment of training expenses against profits subject to Schedule D income tax and profits subject to corporation tax.
tabling member printed	Lord Allen of Kensington
uin	HL3
answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>In calculating taxable business profits, expenditure on training to update existing skills would be a deductible business expense when the expenditure is incurred wholly and exclusively for the purposes of the business and is not capital in nature. The treatment of these training expenses is the same irrespective of whether the taxpayer pays income tax or corporation tax.</p><p> </p><p>Any changes to tax policy are a matter for future Budgets and it would not be appropriate to comment on tax measures at this stage of the policy development cycle.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 13:55:00 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4304 label Biography information for Lord Allen of Kensington

1668150

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what is the annual amount to date received in value added tax from electric vehicles using public charging points.
tabling member printed	Lord Deben
uin	HL19
answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>The information is not available. HM Revenue and Customs does not hold information on VAT revenue from specific products or services, including VAT on public electric vehicle charging points. This is because businesses are not required to provide figures at a product level within their VAT returns, as this would impose an excessive administrative burden.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 13:54:43 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4154 label Biography information for Lord Deben

1668152

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Aviation: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what tax is levied on private commercial flights (1) taking off, or (2) landing, in the UK.
tabling member printed	Lord Deben
uin	HL20
answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Data on receipts from Air Passenger Duty (APD) and chargeable passengers, including for the higher rate, can be found in the APD Bulletin on GOV.UK. [1]</p><p> </p><p>Data on aircraft movements, including for business aviation and air taxis, are published by the Civil Aviation Authority. [2] These data are not collected from all UK airports, just those handling scheduled and major charter services, and so provide only a partial picture.</p><p> </p><p>APD is the Government’s principal tax on the aviation sector, since tickets are VAT free and aviation fuel incurs no duty. APD is paid by aircraft operators on a per passenger basis for flights departing UK airports; there are different rates according to a passenger's class of travel and the distance of their journey.</p><p> </p><p>Operators with aircraft of over 20 tonnes equipped to carry fewer than 19 passengers must pay the higher rate of APD, equal to £78 per passenger for domestic and short-haul flights and rising to £601 for ultra-long-haul flights. These private and business jets generally provide a higher class of service and so incur more in APD.</p><p> </p><p>As with all taxes, the Government keeps APD under review and any changes are announced by the Chancellor at fiscal events.</p><p> </p><p>[1] <a href="https://www.gov.uk/government/statistics/air-passenger-duty-bulletin" target="_blank">https://www.gov.uk/government/statistics/air-passenger-duty-bulletin</a></p><p> </p><p>[2] <a href="https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623" target="_blank">https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623</a></p> answering member printed Baroness Vere of Norbiton grouped question UIN HL21 question first answered 21/11/2023 17:15:30 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4154 label Biography information for Lord Deben

1668153

registered interest
date	07/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Aviation: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many private flights (1) took off, and (2) landed, in the UK in the most recent year for which figures are complete; and how much tax did those flights incur.
tabling member printed	Lord Deben
uin	HL21
answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Data on receipts from Air Passenger Duty (APD) and chargeable passengers, including for the higher rate, can be found in the APD Bulletin on GOV.UK. [1]</p><p> </p><p>Data on aircraft movements, including for business aviation and air taxis, are published by the Civil Aviation Authority. [2] These data are not collected from all UK airports, just those handling scheduled and major charter services, and so provide only a partial picture.</p><p> </p><p>APD is the Government’s principal tax on the aviation sector, since tickets are VAT free and aviation fuel incurs no duty. APD is paid by aircraft operators on a per passenger basis for flights departing UK airports; there are different rates according to a passenger's class of travel and the distance of their journey.</p><p> </p><p>Operators with aircraft of over 20 tonnes equipped to carry fewer than 19 passengers must pay the higher rate of APD, equal to £78 per passenger for domestic and short-haul flights and rising to £601 for ultra-long-haul flights. These private and business jets generally provide a higher class of service and so incur more in APD.</p><p> </p><p>As with all taxes, the Government keeps APD under review and any changes are announced by the Chancellor at fiscal events.</p><p> </p><p>[1] <a href="https://www.gov.uk/government/statistics/air-passenger-duty-bulletin" target="_blank">https://www.gov.uk/government/statistics/air-passenger-duty-bulletin</a></p><p> </p><p>[2] <a href="https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623" target="_blank">https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623</a></p> answering member printed Baroness Vere of Norbiton grouped question UIN HL20 question first answered 21/11/2023 17:15:30 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4154 label Biography information for Lord Deben