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967497
star this property registered interest false more like this
star this property date less than 2018-09-04more like thismore than 2018-09-04
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Inheritance Tax: Families more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what consideration they have given to deferring the date that inheritance tax becomes payable on the home of two blood-related joint owners until the death of the second of those two persons. more like this
star this property tabling member printed
Lord Lexden more like this
star this property uin HL9987 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-09-14more like thismore than 2018-09-14
star this property answer text <p>All individuals benefit from a £325,000 tax free threshold for inheritance tax. On certain assets, inheritance tax can be paid in instalments over a ten-year period. This includes situations where the estate contains a house, provided that the house remains unsold.</p><p> </p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-09-14T11:50:19.97Zmore like thismore than 2018-09-14T11:50:19.97Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4202
unstar this property label Biography information for Lord Lexden more like this
947642
star this property registered interest false more like this
star this property date less than 2018-07-24more like thismore than 2018-07-24
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to advance the UK’s position as an international financial centre. more like this
star this property tabling member printed
Viscount Waverley more like this
star this property uin HL9898 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The UK is home to the world’s preeminent financial centre and the government is committed to maintaining and enhancing this position. In addition to our natural advantages, such as a central time zone and the English language, we have strengths across all the major sectors – banking, asset management, and insurance – alongside a globally respected regulatory system, and world-class legal and professional services.</p><p> </p><p>As the Chancellor of the Exchequer set out in his Mansion House speech in June, the government has a long-term vision for the future of UK financial services, based on ensuring the continued innovation, resilience, and openness of the sector. This includes strengthening the UK’s already world-leading positions in the markets of the future, whether in Fintech, green and sustainable finance, or rupee and renminbi products.</p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:10:45.843Zmore like thismore than 2018-08-02T12:10:45.843Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1744
unstar this property label Biography information for Viscount Waverley more like this
947599
star this property registered interest false more like this
star this property date less than 2018-07-24more like thismore than 2018-07-24
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Taxation: Disclosure of Information more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the consultation paper, Amending HMRC’s Civil Information Powers, published on 10 July, which contained the proposal to remove the "requirement to seek approval from the tribunal or the taxpayer before a third-party notice could be issued", what protection and oversight they intend to introduce for taxpayers with regard to the provision of information from third parties. more like this
star this property tabling member printed
The Marquess of Lothian more like this
star this property uin HL9870 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The Government believes that every HMRC information power should have an appropriate and proportional safeguard. The ongoing consultation asks for views on the appropriate safeguard to allow HMRC to use a third party information power effectively whilst still protecting taxpayers’ rights. All responses will be considered before any final decisions are taken.</p><p> </p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:07:49.053Zmore like thismore than 2018-08-02T12:07:49.053Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
259
unstar this property label Biography information for The Marquess of Lothian more like this
947558
star this property registered interest false more like this
star this property date less than 2018-07-24more like thismore than 2018-07-24
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Child Tax Credit more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the report by HMRC, Child and Working Tax Credits Statistics: Provisional Awards Geographical Analysis April 2018, published on 28 June, in relation to the policy to provide support via Child Tax Credit for a maximum of two children, whether they have undertaken an analysis to determine why the total number of affected household in the first year of the policy is substantially lower than the estimate published in their impact assessment of July 2015; and if so, what are the reasons for the difference between the projected and actual outcomes. more like this
star this property tabling member printed
The Lord Bishop of Durham more like this
star this property uin HL9843 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The difference between the estimate in the Impact Assessment and the statistic published in “Child Tax Credit and Universal Credit claimants: statistics related to the policy to provide support for a maximum of 2 children, April 2018” is due to a combination factors, including improvements to the methodology used to identify the affected population, divergences between the economic determinants used to model the policy and actual outturn, and changes in the underlying claimant population. No formal analysis of the separate impact of these factors has been made.</p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:07:13.99Zmore like thismore than 2018-08-02T12:07:13.99Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4312
unstar this property label Biography information for The Lord Bishop of Durham more like this
947541
star this property registered interest false more like this
star this property date less than 2018-07-24more like thismore than 2018-07-24
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Bank Services more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government how many working people in the UK they estimate do not have bank accounts; and what steps they are taking to assist such people; and what particular measures they are taking relating to those of this total who are homeless or sleeping rough or may previously have been such. more like this
star this property tabling member printed
Lord Bird more like this
star this property uin HL9833 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The Government does not make estimates of the number of working people who do not have access to bank accounts. However, in 2017, the FCA published the results of the Financial Lives Survey which estimated that 1.3 million UK adults (3% of the UK adult population) were unbanked, i.e. have no current account or alternative e-money account. The Financial Lives Survey report contains further information on the characteristics of the unbanked and their preferences to have a bank account. The FCA intend to repeat the Financial Lives Survey on a regular basis in future.</p><p> </p><p>The Government takes financial inclusion very seriously and is working to ensure everyone can have access to financial services. With regards to those who are sleeping rough or are homeless, the Government recognises that it can be difficult for such individuals to access bank accounts due to their lack of permanent address.</p><p> </p><p>Under the Payment Accounts Regulations 2015, the 9 largest UK current account providers are required to offer fee-free basic bank accounts to consumers who are either unbanked or who are not eligible for a standard current account. Regulation 23 specifically states that consumers with no fixed address are to be considered eligible and in Regulation 18 specifies that firms must not discriminate against consumers by reason of their place of residence.</p><p> </p><p>As these accounts are particularly suitable for more vulnerable customers, Government encourages the banks who provide them to be flexible with identification and verification checks, within the remit of the Joint Money Laundering Steering Group (JMLSG) guidance. The JMLSG guidance encourages firms to consider a wide range of evidence to prove identification and to act reasonably where customers do not have more conventional forms of identification.</p><p> </p>
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:05:10.89Zmore like thismore than 2018-08-02T12:05:10.89Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4564
unstar this property label Biography information for Lord Bird more like this
947540
star this property registered interest false more like this
star this property date less than 2018-07-24more like thismore than 2018-07-24
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Bank Services: Rural Areas more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to ensure continued access to (1) free automated teller machines, and (2) bank branches, particularly in rural communities. more like this
star this property tabling member printed
Lord Bird more like this
star this property uin HL9832 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses across the UK. Government has been engaging and will continue to engage with the regulators and industry, including LINK (the scheme that runs the UK’s ATM system), to ensure that it is maintained.</p><p> </p><p>The Government established the Payment Systems Regulator (PSR) in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users. As part of this, the PSR is closely monitoring developments within ATM provision and has committed to using its powers to act should LINK behave in a way that conflicts with its statutory objectives.</p><p> </p><p>Regarding bank branches, the decision to close a branch is a commercial issue for the management team of the bank involved. However, Government believes it is important the impact on communities must be understood, considered and mitigated where possible.</p><p> </p><p>The Government supports the industry’s Access to Banking Standard which commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing. It also helps customers to understand the options they have locally to continue to access banking services, including specialist assistance for customers who need more help. The Access to Banking Standard is monitored and enforced by the independent Lending Standards Board.</p><p> </p><p>Government also considers it important that all customers, wherever they live and especially those who are vulnerable, can still access over the counter services. That is why we support the Post Office’s Banking Framework Agreement, which enables 99% of banks’ personal and 95% of banks’ small business customers to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches.</p>
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:09:17.51Zmore like thismore than 2018-08-02T12:09:17.51Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4564
unstar this property label Biography information for Lord Bird more like this
947538
star this property registered interest false more like this
star this property date less than 2018-07-24more like thismore than 2018-07-24
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Debts more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what steps they are taking to meet their timetable for implementing the breathing space debt scheme as announced by the Economic Secretary to HM Treasury in October 2017. more like this
star this property tabling member printed
Lord Bird more like this
star this property uin HL9831 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The government is currently undertaking a detailed policy design process on the introduction of breathing space and a statutory debt repayment plan. The government is working in close conjunction with stakeholders to design a scheme that works for all those who would benefit from the scheme’s protections.</p><p> </p><p>The government will consult on a single policy proposal based on this work later this summer, and then intends to lay regulations to establish the scheme in 2019.</p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:05:42.59Zmore like thismore than 2018-08-02T12:05:42.59Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4564
unstar this property label Biography information for Lord Bird more like this
947126
star this property registered interest false more like this
star this property date less than 2018-07-23more like thismore than 2018-07-23
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Trade Competitiveness more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what plans they have, if any, to ensure that the City of London remains a truly competitive, global financial hub after Brexit; and if they do, whether such plans would involve cuts to corporation tax. more like this
star this property tabling member printed
Lord Taylor of Warwick more like this
star this property uin HL9816 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The UK is home to the world’s preeminent financial centre and the government is committed to maintaining and enhancing this position post-Brexit. In addition to our natural advantages, such as a central time zone and the English language, we have strengths across all the major sectors – banking, asset management, and insurance – alongside a globally respected regulatory system, and world-class legal and professional services.</p><p>Alongside these strengths, we also already have a competitive tax offer. The UK corporation tax rate is the lowest in the G20 at just 19 per cent, and is legislated to fall to 17 per cent in 2020. All together, these factors have made the City of London the world’s leading financial centre and will continue to do so.</p><p>As the Chancellor of the Exchequer set out in his Mansion House speech in June, the government has a long-term vision for the future of UK financial services, based on ensuring the continued innovation, resilience, and openness of the sector. This includes strengthening the UK’s already world-leading positions in the markets of the future, whether in Fintech, green and sustainable finance, or rupee and renminbi products.</p><p> </p>
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:00:38.963Zmore like thismore than 2018-08-02T12:00:38.963Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
1796
unstar this property label Biography information for Lord Taylor of Warwick more like this
947065
star this property registered interest false more like this
star this property date less than 2018-07-23more like thismore than 2018-07-23
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Inheritance Tax: Siblings more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, further to the answer by Baroness Williams of Trafford on 20 July (HL Deb, col 1413), what estimate they have made of (1) the savings in social and other state costs of free care provided for siblings living in sibling-couple households, and (2) the annual income to HM Treasury as a result of the tax applied to siblings when one sibling-couple partner dies. more like this
star this property tabling member printed
Lord Alton of Liverpool more like this
star this property uin HL9755 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-08-02more like thismore than 2018-08-02
star this property answer text <p>The government does not have an estimate of the savings in social care from free care provided by siblings living in these circumstances.</p><p>The government has not assessed the inheritance tax liabilities in these circumstances. All individuals benefit from a £325,000 tax free threshold for inheritance tax.</p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-08-02T12:01:08.703Zmore like thismore than 2018-08-02T12:01:08.703Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
738
unstar this property label Biography information for Lord Alton of Liverpool more like this
945619
star this property registered interest false more like this
star this property date less than 2018-07-20more like thismore than 2018-07-20
star this property answering body
Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Government Securities more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what UK Treasury Bills are available for purchase on any given day. more like this
star this property tabling member printed
Lord Kennedy of Southwark more like this
star this property uin HL9748 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-07-31more like thismore than 2018-07-31
star this property answer text <p>Treasury bills are typically sold by the UK Debt Management Office (DMO) via regular tenders each Friday morning. Maturities currently offered for sale are one-month, three-month and six-month bills. Alongside the results of each Friday morning’s tender, the DMO also announces the amounts for sale via tender for the following Friday.</p><p> </p><p>In addition, on any business day, the DMO can sell either new or existing Treasury bills (which match those previously sold at a tender) bilaterally on request from its counterparties, provided that such issuance is consistent with the DMO’s cash management operational requirements.</p><p> </p><p>Finally, Treasury Bill Primary Participants (banks) may also offer a market-making service in all Treasury bills to their own counterparties on any business day.</p> more like this
unstar this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-07-31T12:07:57.37Zmore like thismore than 2018-07-31T12:07:57.37Z
star this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4153
unstar this property label Biography information for Lord Kennedy of Southwark more like this