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968408

	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	New Enterprise Allowance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the dynamic effect on tax receipts of the New Enterprise Allowance.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	170735
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The New Enterprise Allowance (NEA) supports people on eligible benefits who want to move into self-employment. The NEA, alongside all government policies, are costed with a central estimate of the impact on the Exchequer where possible. In the case of the NEA, responsibility for this assessment is with the Department for Work and Pensions as the lead department who are also responsible for evaluating the impact of the policy.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 09:37:09 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1586 label Biography information for Adam Afriyie

969050

	registered interest
	date	06/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Consumer Prices Index
	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 use the Consumer Prices Index in preference to RPI as a measurement in all government transactions, negotiations and agreements.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	171374
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The problems with RPI are well known. The Government has made progress in moving away from the use of RPI, for instance through bringing forward the planned switch in indexation of business rates from RPI to CPI by two years to April 2018.</p><p> </p><p>However, any further decisions to stop using RPI must also consider the fiscal costs associated. The Government has committed to reviewing the use of RPI for indirect taxes once its fiscal consolidation plans are complete.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 10:03:57 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4006 label Biography information for Dr Matthew Offord

969227

	registered interest
	date	06/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Controlled Companies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, in which companies the Government has a more than 50 per cent ownership stake; whether he (a) receives a copy of the audited accounts of Government-owned companies in each financial year and (b) keeps a record of the (i) auditors of such companies and (ii) reporting frameworks that those companies use to produce their accounts where they differ from the public sector IFRS standard; and which Government-owned companies lay their accounts before Parliament and share a copy with the Comptroller and Auditor General.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	171482
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The accounts of non-profit making companies included within the Government Resources and Accounts Act 2000 (Audit of non-profit making companies) Order 2009 (SI 2009/476) and as amended by subsequent Orders must be examined and certified by the Comptroller and Audit General. The C&amp;AG must then send a copy of the accounts and the report to the relevant departmental Secretary of State, usually this is the SoS of the sponsor department, or any other minister of the Crown who must then lay them before Parliament.</p><p> </p><p>Companies must also comply with applicable requirements in the Companies Act 2006 and follow the financial reporting principles of the HM Treasury Financial Reporting Manual (except for public corporations that are not trading funds). Companies that have charitable status should comply with applicable charities legislation and where relevant, the Statement of Recommended Practice (SORP) Accounting for Charities, issued by the Charity Commission.</p><p> </p><p>The Whole of Government accounts consolidates organisations that have been classified to the public sector by the Office for National Statistics (ONS) which may include government owned companies.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 10:09:17 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4518 label Biography information for Tulip Siddiq

969228

	registered interest
	date	06/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Accountancy
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many companies in each Government Department of which the Government owns more than 50 per cent do not lay their accounts before Parliament.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	171483
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Details of those companies of which there is no requirement to lay their accounts before Parliament is maintained by individual sponsor departments.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 10:05:06 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4518 label Biography information for Tulip Siddiq

969229

	registered interest
	date	06/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	International Military Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the (a) assets and (b) liabilities of International Military Services Ltd are exempt from consolidation in the whole of Government accounts.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	171484
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The Whole of Government accounts consolidates organisations that have been classified as public sector by the Office of National Statistics (ONS).</p><p>The classification guidance can be found at:</p><p><a href="https://www.ons.gov.uk/methodology/classificationsandstandards/economicstatisticsclassifications/introductiontoeconomicstatisticsclassifications" target="_blank">https://www.ons.gov.uk/methodology/classificationsandstandards/economicstatisticsclassifications/introductiontoeconomicstatisticsclassifications</a></p><p> </p><p>The assets and liabilities of International Military Services Ltd have been consolidated into the Whole of Government accounts in the form of a prepayment and payables, which feeds through from the accounts of Ministry of Defence.</p><p> </p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/727618/CCS207_CCS0318104056-1_MOD_ARA_2017-18_-_Web_PDF.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/727618/CCS207_CCS0318104056-1_MOD_ARA_2017-18_-_Web_PDF.pdf</a></p><p> </p><p>Disclosure can be found in ‘Note 12 Trade receivables and other assets’ page 186, and ‘Note 14 Trade payables and other liabilities’ page 188.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 11:27:58 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4518 label Biography information for Tulip Siddiq

969231

	registered interest
	date	06/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Controlled Companies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish the number of Government controlled companies that report as small companies under the Generally Accepted Accounting Practice.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	171486
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Government controlled companies must comply with the applicable requirements in the Companies Act 2006 and follow the financial reporting principles of the HM Treasury Financial Reporting Manual (except for public corporations that are not trading funds). This includes the provision of the additional disclosures required by the Manual where these go beyond the Companies Act. The Manual applies EU adopted international financial reporting standards (IFRS) as adapted or interpreted for the public sector.</p><p> </p><p>Government controlled companies that have charitable status should comply with the applicable charities legislation and where relevant, the Statement of Recommended Practice (SORP) Accounting for Charities, issued by the Charity Commission.</p><p> </p><p>Sections within the Companies Act 2006 define the qualifying criteria for small companies’ regime. The disclosure exemptions permitted under the small companies’ regime do not generally apply to government owned companies unless specific approval has been sought by the relevant authority.</p><p> </p><p>Departments, in the first instance, will exercise oversight of such companies, through the monitoring of these companies and consolidation within their annual report and accounts or recognition as investments.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 10:20:22 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4518 label Biography information for Tulip Siddiq

969232

	registered interest
	date	06/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Controlled Companies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what his policy is on Government controlled companies being exempt from laying their accounts before Parliament.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	171487
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Laying of annual reports and accounts before Parliament is a fundamental part of the accountability process and any requirement to lay the accounts of government controlled companies is set out in relevant legislation. The accounts of non-profit making companies included within the Government Resources and Accounts Act 2000 (Audit of non-profit making companies) Order 2009 (SI 2009/476) and as amended by subsequent Orders must be examined and certified by the Comptroller and Audit General. The C&amp;AG must then send a copy of the accounts and the report to the relevant departmental Secretary of State, usually this is the SoS of the sponsor department, or any other minister of the Crown who must then lay them before Parliament.</p><p> </p><p>Government controlled companies are also subject to the Companies Act 2006 and must submit their accounts to Companies House.</p><p> </p><p>The sponsor department of each government controlled company will either consolidate the entity in full or incorporated as investments within their own group consolidated accounts which are subject to audit by the C&amp;AG and laid before Parliament.</p><p> </p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 10:23:01 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4518 label Biography information for Tulip Siddiq

969233

	registered interest
	date	06/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Controlled Companies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will publish the Government controlled companies in each Department that do not have their assets and liabilities consolidated into the Whole of Government Accounts.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	171488
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Every year the Whole of Government Accounts publishes the following annexes:</p><p> </p><p>Annex 1: List of entities consolidated in WGA</p><p>Annex 2: Entities that are not consolidated in WGA</p><p>Annex 3: Minor entities excluded from the consolidation</p><p> </p><p>The latest annexes can be found using the following link:</p><p><a href="https://www.gov.uk/government/publications/whole-of-government-accounts-2016-to-2017" target="_blank">https://www.gov.uk/government/publications/whole-of-government-accounts-2016-to-2017</a></p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 14/09/2018 11:29:04 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4518 label Biography information for Tulip Siddiq