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1234271

registered interest
date	15/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Events Industry: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	What fiscal steps he is taking to help companies in the live entertainment industry remain in business during the covid-19 outbreak.
tabling member constituency	Knowsley
tabling member printed	Sir George Howarth
uin	906095
answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>The Government has announced unprecedented support for businesses during the pandemic, including those in the live entertainment industry.</p><p> </p><p>Measures include a £1.57 billion fund to support the cultural sectors including live music, theatre and performing arts, and a temporary reduction in VAT to boost the tourism and hospitality industries, for example by reducing the cost of admission to concerts, theatres, fairs, exhibitions and similar events.</p><p> </p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 15/09/2020 13:08:10 answering member 4597 label Biography information for Kemi Badenoch
tabling member	481 label Biography information for Sir George Howarth

1234272

registered interest
date	15/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to support regional economies.
tabling member constituency	Stockport
tabling member printed	Navendu Mishra
uin	906093
answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>We recognise that every region will be feeling the impacts of this crisis and the Government has responded to the challenges of Covid-19 through unprecedented support for business and workers across the country.</p><p> </p><p>At the Summer Economic Update, the Chancellor announced the Government’s plan to support jobs in every region through upgrades to local infrastructure, boosting skills, and new employment support schemes. This builds on our commitment at Budget to invest in our towns, cities, people and places.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 906079 question first answered 15/09/2020 13:05:20 answering member 4051 label Biography information for John Glen
tabling member	4811 label Biography information for Navendu Mishra

1234273

registered interest
date	15/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
house id	1
legislature	25259 pref label House of Commons
question text	What steps his Department is taking to help ensure that buy now pay later lenders comply with guidance set out by the (a) Financial Conduct Authority and (b) Advertising Standards Agency.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	906085
answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>Where a buy now pay later lender is offering a regulated credit agreement, it must be authorised and regulated by the Financial Conduct Authority. Where an authorised firm breaches FCA rules and guidance, the FCA is able to take action against them.</p><p> </p><p>Where a firm breaks the UK Advertising Codes, the Advertising Standards Authority is able to ban those advertisements.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/09/2020 13:03:09 answering member 4051 label Biography information for John Glen
tabling member	4088 label Biography information for Stella Creasy

1234274

registered interest
date	15/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Situation
house id	1
legislature	25259 pref label House of Commons
question text	What steps he is taking to support regional economies.
tabling member constituency	Cambridge
tabling member printed	Daniel Zeichner
uin	906079
answer	answer is ministerial correction date of answer 15/09/2020 answer text <p>We recognise that every region will be feeling the impacts of this crisis and the Government has responded to the challenges of Covid-19 through unprecedented support for business and workers across the country.</p><p> </p><p>At the Summer Economic Update, the Chancellor announced the Government’s plan to support jobs in every region through upgrades to local infrastructure, boosting skills, and new employment support schemes. This builds on our commitment at Budget to invest in our towns, cities, people and places.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 906093 question first answered 15/09/2020 13:05:20 answering member 4051 label Biography information for John Glen
tabling member	4382 label Biography information for Daniel Zeichner

1233923

registered interest
date	14/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	H2O Asset Management
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of (1) the potential risks for UK investors by H2O Asset Management's approach to valuing unlisted investments held in open-ended funds, and (2) whether any group of investors, including associates and other clients of H2O Asset Management and its executives and owner, have been treated preferentially.
tabling member printed	Lord Myners
uin	HL8079
answer	answer is ministerial correction date of answer 28/09/2020 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL8080 question first answered 28/09/2020 10:56:12 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1233924

registered interest
date	14/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	H2O Asset Management: France
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they have received any requests for information from the Autorité des Marchés Financiers in connection with the Financial Conduct Authority’s supervision of the valuation of investments in public funds managed by H2O Asset Management.
tabling member printed	Lord Myners
uin	HL8080
answer	answer is ministerial correction date of answer 28/09/2020 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the noble Lord by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL8079 question first answered 28/09/2020 10:56:12 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	3869 label Biography information for Lord Myners

1234048

registered interest
date	14/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Coronavirus Job Retention Scheme: Trade Unions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 4 September 2020 to Question 85130, on Trade Unions, if he will publish anonymised figures for (a) the totality of funding given to trade unions, as employers in their own right, to date under the Coronavirus Job Retention Scheme, and (b) how many individual trade unions have claimed under the scheme, according to figures held by HM Revenue and Customs.
tabling member constituency	East Devon
tabling member printed	Simon Jupp
uin	89888
answer	answer is ministerial correction date of answer 22/09/2020 answer text <p>HMRC have published data on Coronavirus Job Retention Scheme claims by three-digit SIC2007 code for all claims for March to June 2020. This shows that PAYE schemes classified in the category SIC2007 94.2 Activities of Trade Unions made claims under the Coronavirus Job Retention Scheme to the value of £2 million for this period. In all, claims were made by about 100 employers in this category.</p><p>The data covers those organisations classified as SIC2007 94.2 Activities of Trade Unions by the Interdepartmental Business Register (IDBR). Amounts are rounded to the nearest million and counts to the nearest hundred.</p><p><br>This data is available on GOV.UK under CJRS claims by detailed sector (three-digit SIC2007): <strong><a href="https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020" target="_blank">https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-august-2020</a>.</strong></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 22/09/2020 10:30:11 answering member 3991 label Biography information for Jesse Norman
tabling member	4862 label Biography information for Simon Jupp

1234066

registered interest
date	14/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what conditions on (a) environmental performance, (b) treatment of employees, (c) continuation as a going concern, (d) tax practices, (e) corporate behaviour including the use of share buybacks and dividend payments and (f) executive remuneration are imposed on companies receiving support through the (a) Coronavirus Job Retention scheme, (b) Coronavirus Business Interruption Loan scheme, c) Coronavirus Large Business Interruption Loan scheme and (d) COVID-19 Corporate Financing Facility.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	89828
answer	answer is ministerial correction date of answer 17/09/2020 answer text <p>The Government support measures are well-targeted at businesses most in need, bearing in mind the need to act very quickly to deliver this unprecedented package. The OBR has said that that the positive actions the Government have taken “should…help to limit any long-term economic ‘scarring’, by keeping workers attached to firms and helping otherwise viable firms stay in business.”. The Coronavirus Job Retention Scheme in particular, has supported more than 1.2 million firms to furlough 9.6 million jobs. We expect everyone to act responsibly and in the spirit of these packages, and only claim and use support as intended. In addition:</p><p>Under the Coronavirus Large Business Interruption Loan Scheme (CLBILS), borrowers are required to restrict dividend payments, which means they are only allowed to make dividends payments which were a) declared before the CLBILS loan was taken out, b) are in keeping with similar dividends payments made in the preceding 12 months, and c) do not have a material negative impact on the borrower’s ability to repay the loan. In addition to restrictions on dividends payments, firms borrowing more than £50m will be required to agree to not make dividend payments or share buybacks, and to restrictions on pay and bonuses for senior management. These restrictions remain in place until the loan has been repaid.</p><p>Issuers participating in the Covid Corporate Financing Facility (CCFF) are required to commit to restraint on their capital distributions (including dividends and share buybacks) and on senior pay. This applies to all commercial paper (CP) maturing after 19 May 2021. Issuers will be required to provide a letter of commitment to HM Treasury in relation to this if a) an increase in an issuer's CCFF limit, over and above that suggested by the issuer’s investment rating, is requested and approved, and/or b) a CCFF transaction is entered into which involves CP maturing on or after 19 May 2021. HM Treasury reserves the right to publish this letter, should it become aware that the terms of the letter have not been complied with.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 17/09/2020 10:37:58 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4657 label Biography information for Anneliese Dodds

1234069

registered interest
date	14/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insolvency
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 effect of the return of HMRC preferential creditor status on (a) the willingness of retail banks to extend credit and loans, and (b) the ability of retail banks to renew the facilities of existing borrowers.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	89829
answer	answer is ministerial correction date of answer 17/09/2020 answer text <p>The recent legislative change gives HMRC second preferential creditor status for certain taxes. This change ensures that when a business enters insolvency, more of the taxes paid in good faith by its employees and customers, but held temporarily by the business, go to fund public services as intended, rather than be distributed to other creditors.</p><p>This change is not expected to have a significant impact on financial institutions, the lending market or wider economy. This measure is forecast to raise up to £220 million a year. To put this into perspective, bank lending to small and medium-sized businesses alone in 2019 was £57 billion.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/09/2020 14:49:58 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1234071

registered interest
date	14/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Shipping: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans his Department has to inform UK seafarers who have been unable to work due to covid-19 travel restrictions that they may face a tax bill as a result of not qualifying for the Seafarers Earnings Deduction.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	89830
answer	answer is ministerial correction date of answer 17/09/2020 answer text <p>The Seafarers Earnings Deduction (SED) offers a 100 per cent reduction in income tax on maritime employment income for UK and EEA resident seafarers who have a qualifying period of time absent from the UK. The qualifying period must be made up of at least 365 days, but return visits to the UK during that time up to a maximum of 183 consecutive days can count towards the qualifying period. This is among the most generous reliefs available to seafarers worldwide.</p><p> </p><p>In addition, the Government has introduced a broad range of support to help meet this challenge. This includes the Coronavirus Job Retention Scheme, the Self-Employment Income Support Scheme and mortgage holidays for homeowners and landlords.</p><p> </p><p>Guidance is available on GOV.UK for seafarers to check whether they are eligible for SED and what steps they need to take to claim, including a worksheet which seafarers can use each year to determine their eligibility.</p><p> </p><p>As with other areas of tax policy, the Government is keeping this under review in light of the pandemic.</p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/09/2020 14:48:07 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds