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1142701

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Overseas Loans: Registration
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 the Secretary of State for International Development on establishing an Overseas Loan Transparency Register to ensure that people using UK law in loan contracts are not able to make secret loans to governments in the Global South.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284204
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Chancellor of the Exchequer has not discussed proposals to establish an “Overseas Loan Transparency Register” with the Secretary of State for International Development.</p><p> </p><p>The UK Government is concerned about the sustainability and transparency of loans to low income developing countries. Given the complex international nature of sovereign debt, we continue to believe that internationally-agreed approaches are the most effective way to promote sovereign debt transparency.</p><p> </p><p>The UK is working through the G20 to monitor an industry-led initiative by the Institute of International Finance (IIF) to improve the transparency of lending of private creditors. The work of the IIF was acknowledged by finance ministers in June at the G20 finance ministers’ summit in Fukuoka, and the UK government will be closely monitoring its progress.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 11:46:52 answering member 4051 label Biography information for John Glen
tabling member	178 label Biography information for John McDonnell

1142713

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Havens
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has received reports of UK involvement in the tax arrangements disclosed by the Mauritius Leaks in July 2019; and what steps he is taking to tackle the use of tax havens.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284232
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>HMRC have reviewed the data disclosed by the Mauritius leaks and identified limited information relating to UK taxpayers. HMRC will investigate any allegations of wrongdoing identified.</p><p> </p><p>The UK Government is at the forefront of the international tax agenda and driving increased collaboration between tax authorities, including through the ground-breaking Common Reporting Standard that is shedding new light on offshore financial accounts around the world. In March 2019, HMRC refreshed their Offshore strategy, called No Safe Havens which sets out how they will continue to help those who try to get it right and tackle those who go overseas in an attempt to pay less than they should. This builds on HMRC’s success in tackling offshore non-compliance which, since 2010, has secured and protected £2.9 billion through offshore disclosure facilities from those who mistakenly believed they could hide money offshore.</p><p> </p><p>HMRC continue to work alongside UK and international partners to identify and tackle tax and economic crime in all its forms.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:58:20 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell

1142714

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Evasion
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 effectiveness of the Criminal Finances Act 2017 in relation to the offence of failure to prevent facilitation of tax evasion.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284233
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>On 13 March 2019 HMRC published research on the impact of the commencement of the corporate criminal offences introduced in the Criminal Finances Act 2017.</p><p> </p><p>The research is available at: <a href="https://www.gov.uk/government/publications/evaluation-of-corporate-behaviour-change-in-response-to-the-corporate-criminal-offences" target="_blank">https://www.gov.uk/government/publications/evaluation-of-corporate-behaviour-change-in-response-to-the-corporate-criminal-offences</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 11:37:46 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell

1142715

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Investment Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what reports he has received on the level of the practice of dividend arbitrage; and what steps he is taking to end dividend arbitrage.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284235
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Financial Conduct Authority published requirements for firms relating to dividend arbitrage in Market Watch 52, along with a summary of the findings of a review of firms engaged in the practice. These requirements are designed to ensure that firms maintain effective systems and controls to ensure they are not used to facilitate market abuse, or are used for a purpose connected with financial crime.</p><p> </p><p>The UK is taking a leading role internationally in preventing the use of these practices for illicit purposes and I am working closely with the Financial Conduct Authority to ensure that these practices are not used to facilitate market abuse.</p> answering member constituency Salisbury answering member printed John Glen question first answered 09/09/2019 11:31:16 answering member 4051 label Biography information for John Glen
tabling member	178 label Biography information for John McDonnell

1142716

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Trusts: Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what reports he has received on the extent of the use of trusts as tax avoidance vehicles; and what steps he is taking to tackle that use of trusts.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284237
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>While most trusts are used legitimately, some people use them in an attempt to avoid or evade tax. HMRC review and challenge these arrangements as part of their risk based compliance strategy.</p><p> </p><p>Of the avoidance schemes disclosed under the Disclosure of Tax Avoidance Scheme (DOTAS) regime since 2014, analysis at the point of disclosure indicates that around a third of them include trusts. However, the use of a trust may not be a material component of the scheme. The exact use of a trust will in many cases only become clear on further investigation.</p><p> </p><p>Recent reforms have increased the tax transparency of trusts. These include international information exchange under the Common Reporting Standard (which includes financial accounts relevant to trusts) and a UK requirement that all trusts with a UK tax liability must register with HMRC’s Trust Registration Service.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 13:16:21 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell

1142717

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the National Audit Report, The UK border: preparedness for EU exit update, published in February 2019, what recent assessment he has made of the effectiveness of HMRC's preparations for the UK leaving the EU without a deal.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284238
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>EU Exit preparations are HMRC’s absolute top priority. The Government has ensured that HMRC are funded to successfully deliver their EU Exit commitments, and has provided HMRC with over £1 billion from 2017/18 to 2020/21.</p><p><strong> </strong></p><p>By 12 April HMRC had put in place legislation, guidance, systems, new border infrastructure and over 5,000 trained staff, to ensure that the UK would continue to have a functioning tax and customs system. They held hundreds of meetings with industry representatives and communicated with hundreds of thousands of businesses to encourage them to prepare, and have dynamically adjusted their plans to respond the state of business readiness.</p><p> </p><p>HMRC have thorough plans for an October exit, with or without a deal, including a communications campaign to encourage and assist businesses to get ready</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:56:20 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell

1142718

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment HMRC has made of the potential safety risks for staff working near the border with the Irish Republic in the event that the UK leaves the EU without a deal.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284240
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>HMRC treat the safety and security of their employees with the utmost importance and although HMRC will not have people based at the border, there will be some who live and work nearby. HMRC are refreshing their impact assessments as regards people and estates security, and are providing bespoke support to those in Northern Ireland to maintain their safety and security. This includes specialist advisers reviewing Health and Safety risk assessments for operations in Northern Ireland.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:36:44 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell

1142719

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Construction: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment has HMRC has made of its capacity to process the increased volume of VAT pre-credibility checks resulting from reverse charge for building and construction services which comes into effect on 1 October 2019.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284241
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>HMRC has made an assessment of the increased number of repayment claims that may result from the introduction of the VAT reverse charge for building and construction services. Any additional repayment claims will form part of their existing risking processes. They will continue to monitor volumes of repayment claims resulting from this VAT reverse charge.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:48:52 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell

1142720

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Construction: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to HMRC's Measuring Tax Gaps 2019 report, published on 20 June 2019, what estimate HMRC has made of the Construction Industry Scheme tax gap.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284243
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Non-compliance within the Construction Industry Scheme contributes to the overall tax gap estimates that HMRC publishes. However, HMRC do not make a disaggregated estimate of the tax gap related to the Construction Industry Scheme.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:34:03 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell

1142721

registered interest
date	02/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs and UK Border Force: Staff
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether safety committees have been established to cover staff based at the inland pre-clearance Sites in (a) Hayes, and (b) Milton Keynes operated jointly by HMRC and UK Border Force.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	284246
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>HMRC are committed to providing working environments that meet all health and safety requirements.</p><p> </p><p>HMRC have the appropriate Health and Safety Committees operating, covering the activities at both Hayes and Milton Keynes. Local representatives from HMRC, UK Border Force and the commercial contractor are present on these committees.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:56:18 answering member 3991 label Biography information for Jesse Norman
tabling member	178 label Biography information for John McDonnell