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1138081

	registered interest
	date	10/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have invested in a Lifetime ISA since its introduction.
	tabling member constituency	Brigg and Goole
	tabling member printed	Andrew Percy
	uin	275729
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>The Lifetime ISA was introduced to help younger generations save both for their first home and later life. It has been available since April 2017. Individuals can subscribe up to £4,000 a year into a Lifetime ISA, receiving a 25% government bonus.</p><p> </p><p>Since its introduction, monthly digital reporting to HMRC by Lifetime ISA providers indicate that over 330,000 people have invested in a Lifetime ISA.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/07/2019 13:20:57 answering member 4051 label Biography information for John Glen
	tabling member	3939 label Biography information for Andrew Percy

1138085

	registered interest
	date	10/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Buy Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the average age is of people who have taken up a Help to Buy ISA.
	tabling member constituency	Brigg and Goole
	tabling member printed	Andrew Percy
	uin	275733
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>The average age of people who have taken up a Help to Buy: ISA is 26. Other key statistics on the Help to Buy ISA can be found here; <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/798122/H2B_ISA_official_statistics_December_2018.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/798122/H2B_ISA_official_statistics_December_2018.pdf</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 18/07/2019 13:17:53 answering member 4051 label Biography information for John Glen
	tabling member	3939 label Biography information for Andrew Percy

1138559

	registered interest
	date	11/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the implications of recent changes to the Lifetime Allowance for pension benefits for those in (1) the legal profession, (2) the medical profession, and (3) other professions; and of the case for reviewing those changes.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL17117
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2017/18 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers. As confirmed at Autumn Budget 2017, from April 2018 the lifetime allowance will increase in line with CPI, in order that the value of this benefit is able to keep pace with inflation. This means from April 2019 the lifetime allowance has risen to £1,055,000.</p><p> </p><p>The same tax rules must apply identically to everyone in the same situation, regardless of their employer.</p><p> </p><p>However, across all public service workforces the Government looks at remuneration in the round and takes action when required to ensure delivery of world class public services. Where there is evidence that the delivery of services is being impacted, the Government takes appropriate action to address this, in line with our principles for pay and pensions policy. This is why we have introduced a temporary, taxable, Recruitment and Retention allowance for a small section of the judiciary, and will shortly bring forward a consultation on a new 50:50 pensions flexibility for senior clinicians in the NHS pension scheme.</p><p> </p><p>All aspects of the tax system are kept under review and are subject to change through the annual Budget, in the context of the wider public finances. Any future changes to the tax system will be announced through this process.</p><p> </p> answering member printed Lord Young of Cookham question first answered 18/07/2019 11:12:10 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1138861

	registered interest
	date	15/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Children: Day Care
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the adequacy of the level of funding for the 30 hours' childcare policy for three- and four-year-olds.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	277237
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>The government recognizes how important an issue childcare is to families with young children. That is why we will be spending almost £6 billion a year on childcare support in 2019/20 – a record amount. This includes an initial allocation of around £3.5 billion for free childcare. Spending decisions beyond 2019/20 will be a matter for the Spending Review.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 18/07/2019 08:23:08 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4518 label Biography information for Tulip Siddiq

1138862

	registered interest
	date	15/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Children: Day Care
	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 appropriateness of the level of business rates for private childcare providers; and if he will make a statement.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	277238
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Business rates are an annual tax on non-domestic property, based on rateable value as assessed by the Valuation Office Agency.</p><p> </p><p>Private childcare providers may be eligible for up to 100% Small Business Rate Relief.</p><p> </p><p>The Government has taken repeated action to reduce the burden of business rates for all ratepayers, worth more than £13 billion over the next five years.</p><p> </p><p>Local Authorities continue to have powers to offer business rates discounts beyond pre-defined reliefs at their discretion.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/07/2019 15:39:42 answering member 3991 label Biography information for Jesse Norman
	tabling member	4518 label Biography information for Tulip Siddiq

1138909

	registered interest
	date	15/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Savings
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will meet with (a) banks and (b) other financial institutions on recent reports of personal savings accounts with £170 billion and for which no interest is paid.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	277117
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors, including banks and other financial institutions, as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p>Interest rates on savings accounts are set by the institution providing the account. As this is a commercial decision, the Government does not seek to intervene. If a customer is not content with the interest rate they receive, Government encourages them to shop around to find the best savings account for their needs.<p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 18/07/2019 13:04:01 answering member 4051 label Biography information for John Glen
	tabling member	1409 label Biography information for Mr Gregory Campbell

1138953

	registered interest
	date	15/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has undertaken a recent assessment of the potential effects on businesses in the UK of leaving the EU VAT area.
	tabling member constituency	Orkney and Shetland
	tabling member printed	Mr Alistair Carmichael
	uin	277127
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Leaving the EU without a negotiated settlement is not the Government’s preferred outcome, but it is essential that the UK is prepared for all possible eventualities on customs, VAT and excise arrangements.</p><p> </p><p>As part of the no deal preparations, HMRC have published guidance and technical notices for businesses and their advisors on customs, excise and VAT, as well as a collection of letters and guides.</p><p> </p><p>HMRC have published a collection of impact assessments on GOV.UK which are available at <a href="https://www.gov.uk/government/collections/customs-vat-and-excise-regulations-leaving-the-eu-with-no-deal#impact-assessments" target="_blank">https://www.gov.uk/government/collections/customs-vat-and-excise-regulations-leaving-the-eu-with-no-deal#impact-assessments</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/07/2019 15:35:21 answering member 3991 label Biography information for Jesse Norman
	tabling member	1442 label Biography information for Mr Alistair Carmichael

1138962

	registered interest
	date	15/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Benefit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the equity of means-testing for child benefit in relation to couples in which one parent is entitled to child benefit and the other is not.
	tabling member constituency	Bristol North West
	tabling member printed	Darren Jones
	uin	277264
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>The Government introduced the High Income Child Benefit Charge (HICBC) from January 2013 to ensure that support is targeted at those who need it most. It applies to anyone with an individual income over £50,000, who claims Child Benefit or whose partner claims it. The charge increases gradually for taxpayers with incomes between £50,000 and £60,000.</p><p> </p>If total household income was taken into account, information on the incomes of everyone in each of the eight million households receiving Child Benefit would need to be collected and would effectively introduce a new means test. The Government’s approach withdraws Child Benefit from those on higher incomes, whilst having no impact on the majority of claimants. answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 18/07/2019 10:05:22 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4621 label Biography information for Darren Jones

1139038

	registered interest
	date	15/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Roadchef: Pension Funds
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if HMRC will ensure the immediate release of Roadchef pension fund monies to Christine Slack and other former Roadchef employees; and if he will make a statement.
	tabling member constituency	Congleton
	tabling member printed	Fiona Bruce
	uin	277314
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>The administration of the tax system is a matter for HM Revenue and Customs. It would not be appropriate for Treasury Ministers to become involved in the administration of the tax system in specific cases.</p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/07/2019 15:37:38 answering member 3991 label Biography information for Jesse Norman
	tabling member	3958 label Biography information for Fiona Bruce

1137076

	registered interest
	date	04/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insurance Companies: Investment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to promote investment by the insurance industry into applied research, new technologies, and infrastructure; whether information about any such investments will be published on an annual basis; and if so, where.
	tabling member printed	Lord Hunt of Chesterton
	uin	HL16940
	answer	answer is ministerial correction date of answer 17/07/2019 answer text <p>The treatment of infrastructure investment by insurance undertakings for the purposes of prudential regulation is set by the Solvency II Directive. In March 2019, the EU adopted new Solvency II rules to help insurers to invest in equity and private debt and to provide long-term capital financing. This means that insurers will be able to hold less capital for such investments and will therefore find such investments more attractive. The Government does not collect information about such investments, but individual insurance firms often include such details in their annual reports.</p><p><em> </em></p>The government provides competitive R&amp;D tax reliefs to support businesses to invest. Support for businesses through R&amp;D tax reliefs rose to £3.7 billion in 2015-16, up by almost a quarter from the previous year. The government is also carrying out the Infrastructure Finance Review, to support private infrastructure investment and ensure that infrastructure projects, including those using new technologies, are able to access the finance they need. The review will conclude alongside the National Infrastructure Strategy in the Autumn.<p> </p>In 2018, the UK Government provided £20m of ‘pioneer funding’ through the Next Generation Services Industrial Strategy Challenge Fund to explore how new technologies could transform the UK accountancy, insurance and legal services industries<p> </p> answering member printed Lord Young of Cookham question first answered 17/07/2019 16:31:26 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	2543 label Biography information for Lord Hunt of Chesterton