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1668086

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Funerals: Pre-Payment
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what is their estimate of the number of pre-paid funeral plan customers who lost the money they had invested prior to the sector becoming fully regulated by the Financial Conduct Authority in July 2022.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL34
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>The government recognises the difficulty and challenges facing those who have lost money because their funeral plan providers have been shown to be unable to fulfil the promises they made to their customers.</p><p> </p><p>In January 2021, the government legislated to bring all pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA) from 29 July 2022. This has ensured that 1.6 million funeral plan customers are, for the first time, protected by compulsory and robust regulation.</p><p> </p><p>The two largest providers that have gone into administration since the government legislated are Safe Hands, with approximately 46,000 customers and One Life, with approximately 14,000 customers. We also understand that some smaller providers have entered administration.</p><p> </p><p>During a wide-ranging meeting with industry in July 2017 to discuss pre-paid funeral plans, some concerns about Safe Hands funeral plans were raised with HM Treasury.</p><p> </p><p>In response, officials advised that such concerns should be reported to the FCA, reflecting the fact that HM Treasury has no investigatory or enforcement powers of its own.</p> answering member printed Baroness Vere of Norbiton grouped question UIN HL35 question first answered 21/11/2023 12:10:33 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1668087

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Safe Hands Plans: Insolvency
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what action they took in respect of Safe Hands Funeral Plans following concerns raised in 2017 by Fairer Finance and the Funeral Planning Authority.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL35
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>The government recognises the difficulty and challenges facing those who have lost money because their funeral plan providers have been shown to be unable to fulfil the promises they made to their customers.</p><p> </p><p>In January 2021, the government legislated to bring all pre-paid funeral plan providers and intermediaries within the regulatory remit of the Financial Conduct Authority (FCA) from 29 July 2022. This has ensured that 1.6 million funeral plan customers are, for the first time, protected by compulsory and robust regulation.</p><p> </p><p>The two largest providers that have gone into administration since the government legislated are Safe Hands, with approximately 46,000 customers and One Life, with approximately 14,000 customers. We also understand that some smaller providers have entered administration.</p><p> </p><p>During a wide-ranging meeting with industry in July 2017 to discuss pre-paid funeral plans, some concerns about Safe Hands funeral plans were raised with HM Treasury.</p><p> </p><p>In response, officials advised that such concerns should be reported to the FCA, reflecting the fact that HM Treasury has no investigatory or enforcement powers of its own.</p> answering member printed Baroness Vere of Norbiton grouped question UIN HL34 question first answered 21/11/2023 12:10:32 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

1668110

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Pay
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to the announcement by the then Chancellor of the Exchequer on 23 September 2022 to remove the cap on bankers' bonuses (HC Deb col 936), what consideration they have given to curbing any risk-taking in the financial sector which may occur as a result of the removal of that cap; and further to the finding in the High Pay Centre report Analysis of UK CEO Pay in 2022, published in August, that FTSE 100 CEO pay rose by 16 per cent in 2022, what consideration they have given to curbing the pay of senior staff in the financial sector, including by implementing the then Prime Minister's plans for the reform of boardroom governance in July 2016 by ensuring worker representation in boardrooms.
	tabling member printed	Baroness O'Grady of Upper Holloway
	uin	HL64
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>As the Chancellor set out in the Edinburgh Reforms last year, the government remains committed to high standards and to a robust regulatory environment that safeguards the UK’s financial stability.</p><p> </p><p>The PRA and FCA, who are responsible for rules on remuneration, are operationally independent from government and have statutory objectives to promote safety, soundness, and effective market functioning.</p><p> </p><p>The removal of the bonus cap is entirely a decision by the independent regulators.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 12:34:22 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4977 label Biography information for Baroness O'Grady of Upper Holloway

1668122

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Reclaim Fund
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government how much money has been paid out to claimants by The Reclaim Fund in each of the past five years, following enactment of the Dormant Bank and Building Society Accounts Act 2008.
	tabling member printed	Lord Young of Cookham
	uin	HL81
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Reclaim Fund Ltd (RFL) has distributed the following amounts in each of the past five years to dormant account owners:</p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>2017</strong></p></td><td><p><strong>2018</strong></p></td><td><p><strong>2019</strong></p></td><td><p><strong>2020</strong></p></td><td><p><strong>2021/22</strong></p></td><td><p><strong>2022/23</strong></p></td></tr><tr><td><p>Reclaims (£m)</p></td><td><p>15.7</p></td><td><p>13.9</p></td><td><p>12.9</p></td><td><p>12.9</p></td><td><p>15.4</p></td><td><p>15.3</p></td></tr></tbody></table><p>In line with its statutory obligation, RFL continues to meet customer reclaims in perpetuity. Reclaim rates have remained broadly consistent since the inception of the Dormant Assets Scheme in 2011.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 17:01:32 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	57 label Biography information for Lord Young of Cookham

1668141

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	VAT: Registration
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what plans they have to increase the threshold for compulsory registration for VAT; and what plans they have to reinstate the policy of annually updating the threshold in line with inflation.
	tabling member printed	Lord Allen of Kensington
	uin	HL1
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Views on the VAT registration threshold are divided and the case for change has been regularly reviewed over the years.</p><p>In 2018, the Government consulted on how the design of the VAT registration threshold could better incentivise growth. However, there was no clear option for reform.</p><p>While the Government keeps all taxes under review, it was announced at Autumn Budget 2022 that the VAT threshold will be maintained at its current level of £85,000 until 31 March 2026.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 12:00:13 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4304 label Biography information for Lord Allen of Kensington

1668142

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Exports: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what assessment they have made of the impact of the withdrawal of the VAT Retail Export Scheme; and if they have any plans to reintroduce the scheme.
	tabling member printed	Lord Allen of Kensington
	uin	HL2
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>The Government’s assessment of the anticipated impact of the withdrawal of the VAT Retail Export Scheme (VAT RES) was set out in the original policy costing note which can be found in the Policy costings document from November 2020 p42-43.</p><p>Government analysis conducted in 2022 found that introducing a worldwide scheme could come at a fiscal cost of around £2 billion each year. This figure consists of the cost from EU and non-EU visitors and is calculated based on methodology signed off and certified by the OBR in 2020.</p><p>Whilst there are no current plans to re-introduce VAT RES, this Government keeps all tax policy under review, and we are very grateful to industry for their contribution to our invitation to provide evidence on this matter.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 12:28:43 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4304 label Biography information for Lord Allen of Kensington

1668144

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Training: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what plans they have to regularise the treatment of training expenses against profits subject to Schedule D income tax and profits subject to corporation tax.
	tabling member printed	Lord Allen of Kensington
	uin	HL3
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>In calculating taxable business profits, expenditure on training to update existing skills would be a deductible business expense when the expenditure is incurred wholly and exclusively for the purposes of the business and is not capital in nature. The treatment of these training expenses is the same irrespective of whether the taxpayer pays income tax or corporation tax.</p><p> </p><p>Any changes to tax policy are a matter for future Budgets and it would not be appropriate to comment on tax measures at this stage of the policy development cycle.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 13:55:00 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4304 label Biography information for Lord Allen of Kensington

1668150

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Electric Vehicles: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what is the annual amount to date received in value added tax from electric vehicles using public charging points.
	tabling member printed	Lord Deben
	uin	HL19
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>The information is not available. HM Revenue and Customs does not hold information on VAT revenue from specific products or services, including VAT on public electric vehicle charging points. This is because businesses are not required to provide figures at a product level within their VAT returns, as this would impose an excessive administrative burden.</p> answering member printed Baroness Vere of Norbiton question first answered 21/11/2023 13:54:43 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4154 label Biography information for Lord Deben

1668152

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Aviation: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what tax is levied on private commercial flights (1) taking off, or (2) landing, in the UK.
	tabling member printed	Lord Deben
	uin	HL20
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Data on receipts from Air Passenger Duty (APD) and chargeable passengers, including for the higher rate, can be found in the APD Bulletin on GOV.UK. [1]</p><p> </p><p>Data on aircraft movements, including for business aviation and air taxis, are published by the Civil Aviation Authority. [2] These data are not collected from all UK airports, just those handling scheduled and major charter services, and so provide only a partial picture.</p><p> </p><p>APD is the Government’s principal tax on the aviation sector, since tickets are VAT free and aviation fuel incurs no duty. APD is paid by aircraft operators on a per passenger basis for flights departing UK airports; there are different rates according to a passenger's class of travel and the distance of their journey.</p><p> </p><p>Operators with aircraft of over 20 tonnes equipped to carry fewer than 19 passengers must pay the higher rate of APD, equal to £78 per passenger for domestic and short-haul flights and rising to £601 for ultra-long-haul flights. These private and business jets generally provide a higher class of service and so incur more in APD.</p><p> </p><p>As with all taxes, the Government keeps APD under review and any changes are announced by the Chancellor at fiscal events.</p><p> </p><p>[1] <a href="https://www.gov.uk/government/statistics/air-passenger-duty-bulletin" target="_blank">https://www.gov.uk/government/statistics/air-passenger-duty-bulletin</a></p><p> </p><p>[2] <a href="https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623" target="_blank">https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623</a></p> answering member printed Baroness Vere of Norbiton grouped question UIN HL21 question first answered 21/11/2023 17:15:30 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4154 label Biography information for Lord Deben

1668153

	registered interest
	date	07/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Aviation: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government how many private flights (1) took off, and (2) landed, in the UK in the most recent year for which figures are complete; and how much tax did those flights incur.
	tabling member printed	Lord Deben
	uin	HL21
	answer	answer is ministerial correction date of answer 21/11/2023 answer text <p>Data on receipts from Air Passenger Duty (APD) and chargeable passengers, including for the higher rate, can be found in the APD Bulletin on GOV.UK. [1]</p><p> </p><p>Data on aircraft movements, including for business aviation and air taxis, are published by the Civil Aviation Authority. [2] These data are not collected from all UK airports, just those handling scheduled and major charter services, and so provide only a partial picture.</p><p> </p><p>APD is the Government’s principal tax on the aviation sector, since tickets are VAT free and aviation fuel incurs no duty. APD is paid by aircraft operators on a per passenger basis for flights departing UK airports; there are different rates according to a passenger's class of travel and the distance of their journey.</p><p> </p><p>Operators with aircraft of over 20 tonnes equipped to carry fewer than 19 passengers must pay the higher rate of APD, equal to £78 per passenger for domestic and short-haul flights and rising to £601 for ultra-long-haul flights. These private and business jets generally provide a higher class of service and so incur more in APD.</p><p> </p><p>As with all taxes, the Government keeps APD under review and any changes are announced by the Chancellor at fiscal events.</p><p> </p><p>[1] <a href="https://www.gov.uk/government/statistics/air-passenger-duty-bulletin" target="_blank">https://www.gov.uk/government/statistics/air-passenger-duty-bulletin</a></p><p> </p><p>[2] <a href="https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623" target="_blank">https://www.caa.co.uk/Documents/Download/9116/47a460b2-0592-4ef7-b24b-aa5e27ccfce4/5623</a></p> answering member printed Baroness Vere of Norbiton grouped question UIN HL20 question first answered 21/11/2023 17:15:30 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4154 label Biography information for Lord Deben