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1002244

	registered interest
	date	05/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Overseas Loans: Republic of Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much they have loaned to the Republic of Ireland during the past decade; and of those loans, (1) what capital has been repaid, and (2) how much interest has been received.
	tabling member printed	Lord Kilclooney
	uin	HL11265
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>I refer the noble Lord to the most recent statutory report under section 2 of the Loans to Ireland Act 2010, which was laid in Parliament on 15 October 2018. The report shows that the outstanding principal is £3,226,960,000, with repayments due in tranches from 15 April 2019 until 26 March 2021. Interest payments have been paid twice-yearly since 15 December 2011 and payments received so far total £483,359,983.93. The government expects the loan to be repaid on time and in full.</p><p> </p><p>[1] The statutory report is available here: <a href="https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018" target="_blank">https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018</a></p><p> </p><p> </p> answering member printed Lord Bates question first answered 21/11/2018 15:45:58 answering member 1091 label Biography information for Lord Bates attachment 1 file name Ireland_loan_statutory_report_September_2018_web.pdf title Loans to Ireland
	tabling member	657 label Biography information for Lord Kilclooney

166647

	registered interest
	date	27/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether the devolution of corporation tax is proposed for (1) Scotland, (2) Wales, and (3) Northern Ireland.
	tabling member printed	Lord Kilclooney
	uin	HL3238
	answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>The Smith Commission reported on 27 November and the Government has announced it will now prepare draft legislative clauses to implement the Heads of Agreement by the end of January. The Smith Commission did not agree that corporation tax would be devolved to Scotland.</p><p> </p><p> </p><p> </p><p>The Wales Bill, currently in Parliament, provides the legislative framework to support the implementation of the recommendations made in the first report of the Commission on Devolution in Wales (Silk Commission). The Wales Bill does not feature any devolution of corporation tax powers to Wales.</p><p> </p><p> </p><p> </p><p>At Autumn Statement 2014, the Government announced that the devolution of a corporation tax rate-setting power to Northern Ireland could be implemented provided that the Northern Ireland Executive is able to manage the financial implications. The parties in the Northern Ireland Executive are continuing talks aimed at resolving a number of issues including agreeing budgets for 2015-16 and putting the Executive’s finances on a sustainable footing for the future.</p><p> </p><p> </p><p> </p><p>Northern Ireland faces unique cross-border challenges from the very low corporation tax rate in the Republic, significant over-reliance on public sector employment and the challenging legacy of the Troubles. The devolution of corporation tax to Northern Ireland recognises those factors and is consistent with the UK’s asymmetrical approach to devolution.</p><p> </p><p> </p><p> </p><p>Any devolution of tax powers, such as corporation tax rate-setting powers, would require a corresponding reduction in the block grant to reflect the tax revenues that the UK Government would forego.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3239 question first answered 16/12/2014 16:29:28 answering member 4262 label Biography information for Lord Deighton
	tabling member	657 label Biography information for Lord Kilclooney

166648

	registered interest
	date	27/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Corporation Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they consider that the devolution of corporation tax to Scotland, Wales, or Northern Ireland would cause a reduction in the block grant under the Barnett Formula to any of those devolved administrations.
	tabling member printed	Lord Kilclooney
	uin	HL3239
	answer	answer is ministerial correction date of answer 16/12/2014 answer text <p>The Smith Commission reported on 27 November and the Government has announced it will now prepare draft legislative clauses to implement the Heads of Agreement by the end of January. The Smith Commission did not agree that corporation tax would be devolved to Scotland.</p><p> </p><p> </p><p> </p><p>The Wales Bill, currently in Parliament, provides the legislative framework to support the implementation of the recommendations made in the first report of the Commission on Devolution in Wales (Silk Commission). The Wales Bill does not feature any devolution of corporation tax powers to Wales.</p><p> </p><p> </p><p> </p><p>At Autumn Statement 2014, the Government announced that the devolution of a corporation tax rate-setting power to Northern Ireland could be implemented provided that the Northern Ireland Executive is able to manage the financial implications. The parties in the Northern Ireland Executive are continuing talks aimed at resolving a number of issues including agreeing budgets for 2015-16 and putting the Executive’s finances on a sustainable footing for the future.</p><p> </p><p> </p><p> </p><p>Northern Ireland faces unique cross-border challenges from the very low corporation tax rate in the Republic, significant over-reliance on public sector employment and the challenging legacy of the Troubles. The devolution of corporation tax to Northern Ireland recognises those factors and is consistent with the UK’s asymmetrical approach to devolution.</p><p> </p><p> </p><p> </p><p>Any devolution of tax powers, such as corporation tax rate-setting powers, would require a corresponding reduction in the block grant to reflect the tax revenues that the UK Government would forego.</p><p> </p> answering member printed Lord Deighton grouped question UIN HL3238 question first answered 16/12/2014 16:29:28 answering member 4262 label Biography information for Lord Deighton
	tabling member	657 label Biography information for Lord Kilclooney

347252

	registered interest
	date	28/05/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Block Grant
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what are their latest estimates of the block grant amounts transferred to (1) Wales, (2) Scotland, and (3) Northern Ireland in each of the three most recent financial years.
	tabling member printed	Lord Kilclooney
	uin	HL116
	answer	answer is ministerial correction date of answer 09/06/2015 answer text <p>The combined Resource and Capital Departmental Expenditure Limits for each of the Devolved Administrations for the years in question is as follows:</p><p> </p><p> </p><p> </p><table><tbody><tr><td><p>£ million</p></td><td><p>2013-14</p></td><td><p>2014-15</p></td><td><p>2015-16</p></td></tr><tr><td><p>Scottish Government</p></td><td><p>29,008</p></td><td><p>30,220</p></td><td><p>30,090</p></td></tr><tr><td><p>Welsh Government</p></td><td><p>15,791</p></td><td><p>15,896</p></td><td><p>15,935</p></td></tr><tr><td><p>Northern Ireland Executive</p></td><td><p>11,105</p></td><td><p>11,365</p></td><td><p>11,193</p></td></tr></tbody></table><p> </p><p> </p><p> </p><p>These data do not include the changes made for 2015-16 as part of the Main Estimates round or the estimated outturn for 2014-15.</p><p> </p><p> </p><p> </p><p>Updated information will be published in Public Expenditure Statistical Analyses later this summer.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 09/06/2015 14:25:27 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	657 label Biography information for Lord Kilclooney

968803

	registered interest
	date	05/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Air Passenger Duty: Northern Ireland
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether air passenger duty is applied to flights from Northern Ireland to other parts of the UK; and if so, what plans they have to introduce a rate of 0 per cent.
	tabling member printed	Lord Kilclooney
	uin	HL10087
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Flights between regions of the UK are subject to the short haul rate of Air Passenger Duty. Under State aid rules, it is not possible to vary tax rates for domestic flights only.</p><p> </p><p>The government has made a number of reforms to reduce the effect of APD on consumers, including exempting children on economy flights. This could save a family of four £52 on a roundtrip within the UK.</p><p> </p><p>Like all taxes, Air Passenger Duty remains under review. In June we closed a call for evidence on ‘VAT, Air Passenger Duty and tourism in Northern Ireland’. It is the government’s intention to report at Budget.</p> answering member printed Lord Bates question first answered 14/09/2018 13:35:00 answering member 1091 label Biography information for Lord Bates
	tabling member	657 label Biography information for Lord Kilclooney

990155

	registered interest
	date	17/10/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Block Grant
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they consider that the annual block grant payments to the devolved administrations in Northern Ireland, Wales and Scotland represent a subsidy from taxpayers in England or a transfer of the shares of national income due to those devolved administrations.
	tabling member printed	Lord Kilclooney
	uin	HL10777
	answer	answer is ministerial correction date of answer 05/11/2018 answer text <p>The devolved administrations' block grants are generally linked to changes in comparable spending by UK Government in devolved areas. This is achieved by means of the Barnett Formula and supports the principles underlying inter-administration financial relations including accountability, autonomy, transparency, economic efficiency, stability and predictability, discipline and consent. More information on HM Treasury’s policy on funding the devolved administrations is set out in the Statement of Funding Policy<strong>. </strong></p> answering member printed Lord Bates question first answered 05/11/2018 12:50:56 answering member 1091 label Biography information for Lord Bates
	tabling member	657 label Biography information for Lord Kilclooney