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1301818

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect on economic activity and investment of the corporation tax taper from 2023-24 on profits between £50,000 and £250,000.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	167298
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The taper on profits between £50,000 and £250,000 is designed to ensure that the benefit of the small profits rate is targeted at the smallest businesses, while at the same time minimising economic distortions for those to which it applies.</p><p> </p><p>Companies with profits within the taper will continue to be subject to an effective tax rate on profit that is below the main rate.</p><p> </p><p>The economic impacts of the Corporation Tax rate increase are forecast by the independent Office for Budget Responsibility and contained within its Economic and Fiscal Outlook.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:26:37 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1301819

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employment: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department plans to offer a retention incentive to businesses who continue to employ furloughed workers following the withdrawal of the Job Retention Bonus.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	167299
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The objective of the Job Retention Bonus (JRB) was to incentivise employers to retain employees between November, when the Coronavirus Job Retention Scheme (CJRS) was due to end, and the end of January through a £1,000 bonus paid to the employer. However, the subsequent extension of the CJRS to April (now September) allowed employers to retain their staff during that period by covering 80% of the furloughed employees’ wages. Given this further extension to the end of September, the policy intent of the JRB falls away.</p><p> </p><p>The Government remains committed to redeploying a retention incentive at the appropriate time.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:54:48 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1301827

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-employment Income Support Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Self-Employment Income Support Scheme, what assessment his Department has made of the potential merits of an advance payment system for people who are (a) facing financial hardship and (b) struggling financially following payment of self-assessment tax returns prior to the issuing of the fourth grant under that scheme.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	167261
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The fourth Self-Employment Income Support Scheme (SEISS) grant will be available to claim from late April and HMRC will contact potential claimants from mid-April. This is because HMRC will need to process the data received in millions of 2019/20 Self-Assessment returns prior to making payments.</p><p> </p><p>In recognition of the immense pressures that many people are facing due the pandemic, the Government sought to provide a breathing space by waiving the penalty for the late filing of tax returns received after the 31 January statutory deadline and by 28 February. Self-Assessment returns filed by 2 March can now be taken into account for the fourth and fifth SEISS grant.</p><p> </p><p>For those requiring further support, the SEISS continues to be just one element of a wider package of support for the self-employed. The temporary £20 per week increase to the Universal Credit standard allowance has been extended for six months, and the Government has decided to extend the suspension of the Minimum Income Floor for three months, to the end of July 2021, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition to this, they may also have access to other elements of the package, including Restart Grants, the Recovery Loan scheme, business rates relief, and other business support schemes.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:12:10 answering member 3991 label Biography information for Jesse Norman
tabling member	4467 label Biography information for Drew Hendry

1301832

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business Banking Resolution Service
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Business Banking Resolution Service (BBRS), if he will take steps to (a) encourage the adoption of the BBRS by banks to ensure accessibility, (b) resolve the outstanding terms of reference including eligibility and insolvency, (c) finalise and publish the BBRS process to deliver the service specified by the terms of reference, (d) demonstrate the independence of the BBRS and (e) enable the BBRS to resolve historical complaints.
tabling member constituency	Edinburgh West
tabling member printed	Christine Jardine
uin	167295
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The Government welcomes the Business Banking Resolution Service (BBRS), which launched on the 15th February 2021. The BBRS offers a free, independent service which is designed to settle unresolved complaints from larger SMEs with the seven participating banks, who make up the majority of the business banking market.</p><p> </p><p>The former Chancellor, Philip Hammond wrote to the BBRS in 2018 to make clear that it is right the BBRS does not seek to re-open complaints that have already been settled under a previous independent redress scheme, but instead offers an opportunity for resolution to SMEs who have not had anywhere independent to take their complaint.</p><p> </p><p>Beyond that high-level guidance, I would like to stress the BBRS has been setup as an independent non-governmental body, and this independence is vital to its role. Its credibility, authority and value to SMEs would be undermined if it were possible for the Government to intervene in such matters.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/03/2021 11:08:32 answering member 4051 label Biography information for John Glen
tabling member	4634 label Biography information for Christine Jardine

1301847

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Technology: Capital Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether investment in technology and digital transformation is eligible for super-deduction.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	167199
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Expenditure on the provision of plant and machinery for leasing is not eligible for the new 130% super-deduction capital allowance, as is the case with other first year allowances such as Enhanced Capital Allowances in Enterprise Zones.</p><p> </p><p>The super-deduction applies to investment on qualifying plant and machinery, including where that plant and machinery is for the purposes of digital transformation.</p><p> </p><p>The Government takes fraud, abuse and tax avoidance very seriously, which is why the Government has taken repeated action at fiscal events to tackle fraud, abuse and avoidance in the tax system.</p><p> </p><p>The super-deduction has been designed to safeguard against those risks. The legislation includes an anti-avoidance provision that applies to counteract arrangements which are contrived, abnormal or lacking a genuine commercial purpose. Further, there are existing rules that exclude connected party transactions from first-year allowances.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 167193 167301 question first answered 16/03/2021 13:14:30 answering member 3991 label Biography information for Jesse Norman
tabling member	4124 label Biography information for Chi Onwurah

1301903

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Off-payroll Working
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with relevant stakeholders on the potential merits of establishing an exemption process for freelance workers who will be subject to forthcoming IR35 legislation.
tabling member constituency	Delyn
tabling member printed	Rob Roberts
uin	167339
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The changes to the off-payroll working rules come into effect on 6 April 2021. The changes do not introduce a new tax liability. They ensure that the current rules, which have been in place since 2000, are applied correctly and complied with as originally intended.</p><p> </p><p>The rules only apply to individuals who are working like employees under the current employment status tests, and do not apply to the self-employed. It is fair that two individuals working in a similar way pay broadly the same tax and NICs, even if one of them works through their own company.</p><p> </p><p>Establishing exemptions for a certain group of taxpayers, regardless of whether they are working like employees under existing employment status law, would undermine the key principle of the rules that individuals working in a similar way should pay a similar amount of tax.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:31:35 answering member 3991 label Biography information for Jesse Norman
tabling member	4810 label Biography information for Mr Rob Roberts

1301918

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Freeports: Contracts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will list the participants in each freeport announced in the Budget statement on 3 March 2021; and if he will publish the bid document for each.
tabling member constituency	Middlesbrough
tabling member printed	Andy McDonald
uin	167215
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>At Budget, the Chancellor announced 8 Freeports from 8 regions of England, as selected by the Secretary of State for the Ministry for Housing, Communities &amp; Local Government – this followed the fair, open and transparent assessment process outlined in the Bidding Prospectus. The locations are:</p><p> </p><ol><li>East Midlands Airport,</li><li>Felixstowe &amp; Harwich (Freeport East),</li><li>Humber,</li><li>Liverpool City Region,</li><li>Plymouth and South Devon,</li><li>Solent,</li><li>Teesside,</li><li>Thames</li></ol><p> </p><p>The Ministry for Housing, Communities &amp; Local Government will shortly publish more information on the selection of these Freeport locations according to the process laid out in the Prospectus.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay grouped question UIN 167216 question first answered 16/03/2021 17:19:26 answering member 4095 label Biography information for Steve Barclay
tabling member	4269 label Biography information for Andy McDonald

1301919

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Freeports
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will list the publicly-owned sea ports which are included within the eight freeports announced as part of Budget 2021.
tabling member constituency	Middlesbrough
tabling member printed	Andy McDonald
uin	167216
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>At Budget, the Chancellor announced 8 Freeports from 8 regions of England, as selected by the Secretary of State for the Ministry for Housing, Communities &amp; Local Government – this followed the fair, open and transparent assessment process outlined in the Bidding Prospectus. The locations are:</p><p> </p><ol><li>East Midlands Airport,</li><li>Felixstowe &amp; Harwich (Freeport East),</li><li>Humber,</li><li>Liverpool City Region,</li><li>Plymouth and South Devon,</li><li>Solent,</li><li>Teesside,</li><li>Thames</li></ol><p> </p><p>The Ministry for Housing, Communities &amp; Local Government will shortly publish more information on the selection of these Freeport locations according to the process laid out in the Prospectus.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay grouped question UIN 167215 question first answered 16/03/2021 17:19:26 answering member 4095 label Biography information for Steve Barclay
tabling member	4269 label Biography information for Andy McDonald

1301923

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Infrastructure Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions his Department has had with the Development Bank of Wales ahead of the launch of the UK Infrastructure Bank.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	167288
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The new UK Infrastructure Bank will operate across the whole of the UK, working closely with public and private sectors to support infrastructure investment in every nation. Building strategic relationships with the devolved administrations, local authorities across the UK and relevant institutions such as the Development Bank of Wales, will be a priority for the new Bank. The UK Government will be engaging further with representatives from the devolved administrations and relevant institutions in the next phase of the Bank’s design, before the Bank is launched and begins operations later in the spring.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 16/03/2021 16:44:34 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4630 label Biography information for Ben Lake

1301932

registered interest
date	11/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Coventry
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 businesses affected by the covid-19 outbreak in (a) Coventry North East constituency and (b) Coventry.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	167222
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>In response to the unparalleled economic shock created by COVID-19, the government quickly provided one of the most comprehensive and generous packages of economic support globally, adapting the help offered as the situation evolved. This has provided timely and targeted temporary support to individuals, families and businesses up and down the UK. At the Budget, the Chancellor announced an additional £65 billion of further measures to support the economy this year and next year, taking the total cumulative cost of the COVID-19 rescue package since the start of the pandemic to £352 billion.</p><p> </p><p>Businesses in Coventry which are forced to close have been able to claim grants of up to £3,000 per month, based on their rateable value, through the Local Restrictions Support Grant (Closed). They can also claim a one-off grant of up to £9,000, in addition to the monthly grant. Businesses which are not able to receive these grants for closed businesses may be able to benefit from the Additional Restrictions Grant (ARG). At Budget we announced an additional £425 million of ARG funding, taking the total to over £2 billion. It is up to each local authority to determine eligibility for this scheme based on their assessment of local economic need; however, we encourage local authorities to support businesses which have been impacted by COVID-19 restrictions, but which are ineligible for the other grant schemes. As of 17 January, the LRSG (Closed) had provided £573 million worth of grants and the ARG has provided £143 million worth of grants.</p><p> </p><p>To support businesses through the next stage of the pandemic, the government is providing a Restart Grant of up to £18,000 to over 680,000 business premises, giving them the certainty that they need to plan ahead and safely relaunch trading over the coming months. To replace the Bounce Back Loans and Business Interruption Loans, the government is introducing a new Recovery Loan Scheme.</p><p> </p><p>Businesses are also able to access the Coronavirus Job Retention Scheme (CJRS), which was introduced to help employers whose operations have been affected by COVID-19 retain their employees and protect the UK economy. All businesses across the UK can access the scheme, which will run until the end of September 2021, with employees currently receiving 80% of their usual salary for hours not worked, up to £2,500 per month. As at 31 January, provisional statistics show that there were about 7,300 employments furloughed in the Coventry North East constituency and 20,200 in Coventry.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 16/03/2021 16:45:35 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4378 label Biography information for Colleen Fletcher