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1300142

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Protective Clothing: VAT Zero Rating
	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 potential merits of extending the VAT exemption on personal protective equipment available for (a) funeral homes and (b) other businesses.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	164644
	answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>The temporary zero rate was an extraordinary measure introduced to help affected sectors such as hospitals and care homes during the initial acute period of the COVID-19 crisis, when global supply of PPE did not meet demand and PPE was procured directly from the open market.</p><p> </p><p>Companies in the funeral sector source their own PPE through their normal supply routes. In extreme circumstances, there is provision for them to approach their Local Resilience Forum (LRF) or local authority, where the LRF has stood down, to discuss access to an emergency supply. Given this, there are no plans to review the VAT treatment of PPE.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/03/2021 12:47:18 answering member 3991 label Biography information for Jesse Norman
	tabling member	4786 label Biography information for Zarah Sultana

1300182

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Packaging: Taxation
	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 potential merits of publishing an exhaustive list of the items to be included in the Plastic Packaging Tax that will take effect from April 2022.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	164650
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>The Government is currently in the early stages of implementing the tax via the primary legislation, which by its nature, only provides relatively high-level definitions as a foundation for the tax. As the Government moves to the next stage of implementing the tax, it will work with industry to develop regulations and guidance to provide clarity on how businesses determine the types of product that will be taxable.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 16/03/2021 16:42:04 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4786 label Biography information for Zarah Sultana

1300184

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax: Coronavirus
	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 potential merits of increasing corporation tax now for those companies with a higher profit margin during the covid-19 outbreak.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	164652
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>It is right that businesses share in the burden of restoring the public finances to a sustainable footing; that is why the Government announced an increase in the rate of Corporation Tax at Budget. The rate increase will not come into force until April 2023, by which time GDP is forecast to have recovered to its pre-pandemic level.</p><p> </p><p>Companies that have made profits during the pandemic have continued to pay Corporation Tax on those profits as normal. Corporation Tax is charged in line with the level of a company’s profits, so more profitable companies will have contributed more.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:20:51 answering member 3991 label Biography information for Jesse Norman
	tabling member	4786 label Biography information for Zarah Sultana

1300136

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Levelling Up Fund and UK Community Renewal Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he had sight of the lists of areas for priority funding from the (a) Levelling Up Fund and (b) UK Community Renewal Fund prior to the publication of those lists.
	tabling member constituency	Croydon North
	tabling member printed	Steve Reed
	uin	164492
	answer	answer is ministerial correction date of answer 12/03/2021 answer text <p>On the Levelling Up Fund, Ministers approved metrics at the design stage based on alignment with the policy goals of the Fund. Ministers did not see a list of specific places before agreeing the list of metrics. At no point did Ministers make changes to the index, weightings or metrics recommended by officials.</p><p>On the Community Renewal Fund, the design of the fund, including the allocation process was led by the Ministry of Housing, Communities and Local Government.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 12/03/2021 14:37:10 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4268 label Biography information for Steve Reed

1300388

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when he plans to respond to the letter from the hon. Member for West Lancashire of 27 November 2020 on business rates, reference ZA54614.
	tabling member constituency	West Lancashire
	tabling member printed	Rosie Cooper
	uin	164401
	answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>HM Treasury has no record of receiving the letter of 27 November from the Honourable Member. The Member's follow up correspondence of 18 February is now receiving attention. HM Treasury apologises for the delay in responding and will respond to the Member as soon as possible.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/03/2021 12:41:47 answering member 3991 label Biography information for Jesse Norman
	tabling member	1538 label Biography information for Rosie Cooper

1300396

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Savings and Investments: Interest Rates
	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 effect on savers of NS&I’s reduction in interest rates for savings.
	tabling member constituency	Stockport
	tabling member printed	Navendu Mishra
	uin	164665
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>NS&amp;I must balance the interests of savers, taxpayers and the broader financial services sector. And decisions on interest rates will heavily depend on how NS&amp;I is fairing against its Net Financing target for that financial year.</p><p> </p><p>In July 2020, NS&amp;I’s Net Financing target for 2020-21 was revised from £6 billion (+/- £3 billion) to £35 billion (+/- £5 billion) to reflect the Government’s funding requirements during the Covid-19 pandemic. In the first six months of 2020-21, NS&amp;I had raised a total of £38.3 billion of Net Financing for the Government, so it was necessary to revise the interest rates offered on its products to reduce inflows.</p><p> </p><p>It is important that HM Treasury takes into account taxpayer value considerations when making financing decisions. With gilt yields currently at low levels, government financing raised through NS&amp;I is more expensive than that raised through gilt issuance.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/03/2021 11:12:33 answering member 4051 label Biography information for John Glen
	tabling member	4811 label Biography information for Navendu Mishra

1300397

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Savings and Investments: Complaints
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will take steps to investigate the level of customer complaints received by the NS&I in respect of attempting to withdraw funds in the financial year 2020-2021.
	tabling member constituency	Stockport
	tabling member printed	Navendu Mishra
	uin	164666
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>NS&amp;I has seen exceptionally high customer demand since the Covid-19 outbreak, and this was amplified by a requirement for NS&amp;I to raise additional funding from savers to support the Government’s response to the pandemic.</p><p> </p><p>In order to return customer service levels to the high standards NS&amp;I is accustomed to, they have put a number of measures in place to improve its operational performance. These include expanding its UK contact centres by opening additional sites and recruiting additional staff to process customer enquiries. NS&amp;I is working hard to return to delivering its usual high standard of customer service.</p><p> </p><p> </p><p>In January 2021, the Economic Secretary to the Treasury (EST), as the Minister responsible for NS&amp;I, met with NS&amp;I senior managers and its outsourced provider, to discuss their operational recovery plans and progress against their targets. The Treasury continues to support NS&amp;I’s recovery programme.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/03/2021 11:11:22 answering member 4051 label Biography information for John Glen
	tabling member	4811 label Biography information for Navendu Mishra

1300398

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Savings and Investments: Standards
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the average time taken by NS&I to facilitate customer requests to transfer funds away from the NS&I; and what proportion of those requests fell outside NS&I’s policy.
	tabling member constituency	Stockport
	tabling member printed	Navendu Mishra
	uin	164667
	answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>Approximately 90% of customer withdrawals from NS&amp;I are made online or by telephone. The payments normally reach the customer’s nominated bank account within two banking days after the day that NS&amp;I has received the customer’s instruction. This service performance is within NS&amp;I’s usual service level of two working days. Approximately 10% of customer withdrawals from NS&amp;I are made by post. The payments normally reach the customer’s nominated bank account within three banking days after the day that NS&amp;I has received the customer’s instruction.</p><p> </p><p>Postal withdrawals from NS&amp;I are currently taking longer to process than their normal timescale due to operational constraints caused by the Covid-19 pandemic. As of 9 March 2021, the proportion of customer withdrawals that fell outside NS&amp;I’s usual service level of two working days was approximately 10%. However, NS&amp;I has prioritised these withdrawals and is currently processing straightforward cases by the fourth working day from receipt.</p> answering member constituency Salisbury answering member printed John Glen question first answered 16/03/2021 11:14:04 answering member 4051 label Biography information for John Glen
	tabling member	4811 label Biography information for Navendu Mishra

1300073

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Age
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, for what reason the Government plans to raise the private pension age.
	tabling member constituency	Slough
	tabling member printed	Mr Tanmanjeet Singh Dhesi
	uin	164592
	answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>The normal minimum pension age is the minimum age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge (unless they are retiring due to ill-health). The normal minimum pension age was set at 50 in 2006 when it was introduced and since then, life expectancy at birth for both men and women increased significantly. According to the latest data from the Office for National Statistics, life expectancy has also continued to increase since 2014, when the Coalition Government announced it would increase the normal minimum pension age from 55 to 57 in 2028.</p><p> </p><p>Increasing the normal minimum pension age reflects increases in longevity and changing expectations of how long individuals will remain in work and in retirement. Raising the normal minimum pension age to age 57 keeps it around 10 years behind state pension age, and could encourage individuals to save longer for their retirement, and so help ensure that individuals will have financial security in later life.</p><p> </p><p>In 2014 the Coalition Government announced that the normal minimum pension age would increase from age 55 to 57 in 2028, following a consultation on the appropriate normal minimum pension age for individuals to access their private pensions without incurring an unauthorised payments tax charge. On 11 February the Government published a consultation on the appropriate protection regime for individuals who have unqualified rights to access their pension before the minimum age. The consultation is open until 22 April 2021. The normal minimum pension age increase will not apply to the public service pension schemes for firefighters, police and the armed forces.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 164593 question first answered 11/03/2021 10:08:55 answering member 4051 label Biography information for John Glen
	tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1300074

	registered interest
	date	08/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Age
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of lowering the private pension age.
	tabling member constituency	Slough
	tabling member printed	Mr Tanmanjeet Singh Dhesi
	uin	164593
	answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>The normal minimum pension age is the minimum age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge (unless they are retiring due to ill-health). The normal minimum pension age was set at 50 in 2006 when it was introduced and since then, life expectancy at birth for both men and women increased significantly. According to the latest data from the Office for National Statistics, life expectancy has also continued to increase since 2014, when the Coalition Government announced it would increase the normal minimum pension age from 55 to 57 in 2028.</p><p> </p><p>Increasing the normal minimum pension age reflects increases in longevity and changing expectations of how long individuals will remain in work and in retirement. Raising the normal minimum pension age to age 57 keeps it around 10 years behind state pension age, and could encourage individuals to save longer for their retirement, and so help ensure that individuals will have financial security in later life.</p><p> </p><p>In 2014 the Coalition Government announced that the normal minimum pension age would increase from age 55 to 57 in 2028, following a consultation on the appropriate normal minimum pension age for individuals to access their private pensions without incurring an unauthorised payments tax charge. On 11 February the Government published a consultation on the appropriate protection regime for individuals who have unqualified rights to access their pension before the minimum age. The consultation is open until 22 April 2021. The normal minimum pension age increase will not apply to the public service pension schemes for firefighters, police and the armed forces.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 164592 question first answered 11/03/2021 10:08:55 answering member 4051 label Biography information for John Glen
	tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi