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1700697

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK-EU Trade and Cooperation Agreement
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to remarks by Baroness Vere of Norbiton on 21 February (HL Deb col 666) with regard to the Trade and Cooperation Agreement in the context of engaging with the EU for approval for extending the enterprise investment scheme (EIS) and venture capital trust (VCT) scheme, whether the subsidy control provisions of the Trade and Cooperation Agreement apply to EIS and VCT relief, in particular the requirement under Article 363 of that agreement that a subsidy must be selective.
	tabling member printed	Lord Leigh of Hurley
	uin	HL3766
	answer	answer is ministerial correction date of answer 25/04/2024 answer text <p>The government is extending the sunset clause for the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) scheme to 2035.</p><p>The UK-EU Trade and Cooperation Agreement is now the primary framework governing subsidy control between the UK and EU. As such, EU State aid rules no longer apply to the UK, save for the limited circumstances covered by the Windsor Framework.</p><p>For the EIS and VCT schemes, the government is engaging with the EU, under the Windsor Framework, due to Northern Ireland’s unique access to the EU Single Market.</p> answering member printed Baroness Vere of Norbiton question first answered 25/04/2024 10:33:32 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4295 label Biography information for Lord Leigh of Hurley

1700718

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Premium Bonds
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what is their estimate for each of the past three years of their returns from retaining the proceeds of cashed-in Premium Bonds for up to six days before they are transferred to the holder’s bank account.
	tabling member printed	Lord Wills
	uin	HL3827
	answer	answer is ministerial correction date of answer 29/04/2024 answer text <p>NS&amp;I raises cost effective finance for government from the retail savings market. It does this through offering savings products to consumers, including Premium Bonds. Funds raised by NS&amp;I from these products, including Premium Bonds, flow to the National Loans Fund (NLF). The NLF is the government’s main borrowing and lending account, and to this end, it undertakes borrowing (primarily by issuing gilts via the Debt Management Office) and uses proceeds and other central government surplus balances, including funds from NS&amp;I’s Premium Bonds, to manage its cash needs day-to-day.</p><p> </p><p>The Exchequer’s cash needs are managed on an aggregate basis, meaning funds raised from Premium Bonds are not held in a separate account and do not receive a separate rate of return (which in any case is determined by the market as the government is ultimately a price taker). Therefore, there is not a single rate of return on NS&amp;I proceeds and it would not be possible to provide an estimate of returns from retaining the proceeds of Premium Bonds.</p><p> </p><p>When a customer divests their holdings of Premium Bonds, these repayments are also funded via the NLF’s activities and are typically processed within three working days. However, in exceptional circumstances, such as Bank Holidays, this may take longer. This process allows HM Treasury to manage Exchequer cashflows in a cost effective manner.</p> answering member printed Baroness Vere of Norbiton question first answered 29/04/2024 14:32:57 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	260 label Biography information for Lord Wills

1700735

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 8 April (HL3589), whether they will now answer the question put; namely, what is their assessment of the implications for calculating entitlement to contributory working age benefits and pensions of abolishing, rather than cutting, national insurance contributions.
	tabling member printed	Baroness Lister of Burtersett
	uin	HL3770
	answer	answer is ministerial correction date of answer 25/04/2024 answer text <p>The Government already cut employee NICs by 4p, self-employed NICs by 3p and abolished the requirement to pay Class 2 for self-employed people across Autumn and Spring without increasing borrowing or cutting spending. That is the model the Government wants to follow when it is prudent to go further.</p><p> </p><p>The ambition to abolish NICs is about reducing tax and rewarding work, not about reforming the contributory benefits system. It is a long-term ambition, and the Government has been clear, this cannot be done overnight and this can only be done in a fiscally responsible way.</p><p> </p><p>Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.</p> answering member printed Baroness Vere of Norbiton question first answered 25/04/2024 10:35:56 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4234 label Biography information for Baroness Lister of Burtersett

1700747

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Fishing Vessels: Subsidies
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what amount of fuel subsidy is received by the UK pelagic fishing fleet.
	tabling member printed	Lord Randall of Uxbridge
	uin	HL3787
	answer	answer is ministerial correction date of answer 29/04/2024 answer text Qualifying fishing vessels are eligible for two fuel duty reliefs: entitlement to use red diesel, taxed at a reduced rate of 10.18p per litre, and marine voyages relief. The government does not consider either of these to be fossil fuel subsidies. answering member printed Baroness Vere of Norbiton question first answered 29/04/2024 10:26:47 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	209 label Biography information for Lord Randall of Uxbridge

1700761

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Savings
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government, following the findings of the Financial Conduct Authority survey indicating a decrease in savings and investing among UK adults, what steps they are taking to help individuals and families save and invest.
	tabling member printed	Lord Taylor of Warwick
	uin	HL3813
	answer	answer is ministerial correction date of answer 24/04/2024 answer text <p>The Government is committed to incentivising greater saving and investment, to help hard working people save for their future goals and build greater financial resilience.</p><p> </p><p>The Help to Save scheme was launched in September 2018 and is intended to promote financial resilience among working households on low incomes by supporting them to kickstart a regular, long-term savings habit and build a financial buffer for a rainy day.</p><p>Individuals can also save up to £20,000 into an Individual Savings Account (ISA) each year, and any savings income received within an ISA is tax free. This, along with the Personal Savings Allowance of up to £1,000 for basic rate taxpayers means that around 85% of people with savings income pay no tax on that income.</p><p> </p><p>However, the Government also recognises that people need support to make effective investment decisions. This is why the Government and FCA are working on a joint review of the boundary between financial advice and guidance to ensure people can access appropriate support with their financial decision-making.</p> answering member printed Baroness Vere of Norbiton question first answered 24/04/2024 14:44:04 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	1796 label Biography information for Lord Taylor of Warwick

1700781

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Multiple Occupation: Stamp Duty Land Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what discussions they had with the "build to rent" sector to understand the impact of the proposed abolition of the Stamp Duty Land Tax Multiple Dwellings Relief announced in the Spring Budget, beyond the consultation from November 2021 to February 2022.
	tabling member printed	Lord Moylan
	uin	HL3777
	answer	answer is ministerial correction date of answer 23/04/2024 answer text <p>The abolition of Multiple Dwellings Relief follows an external evaluation which found no strong evidence the relief is meeting its original objectives of supporting investment in the private rented sector.</p><p>Larger investors who purchase 6 or more properties in a single transaction can still continue to benefit from the non-residential rates of Stamp Duty Land Tax.</p><p>The government will continue to engage with stakeholders in the build to rent sector to understand any concerns.</p> answering member printed Baroness Vere of Norbiton question first answered 23/04/2024 11:35:03 answering member 4580 label Biography information for Baroness Vere of Norbiton
	tabling member	4883 label Biography information for Lord Moylan

1700816

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Conferences
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will list the organisations that attended HMRC Stakeholder Conference 2024.
	tabling member constituency	Barking
	tabling member printed	Dame Margaret Hodge
	uin	21500
	answer	answer is ministerial correction date of answer 23/04/2024 answer text <p>The HMRC Stakeholder Conference was attended by 184 external stakeholders from a range of sectors and organisations, including professional bodies, agents, business representative organisations, businesses, customs, and the voluntary and community sector.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 23/04/2024 10:38:24 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	140 label Biography information for Dame Margaret Hodge

1700937

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Landlords: Income Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the report entitled Property income review: simplifying income tax for residential landlords, published by the Office for Tax Simplification on 25 October 2022, if he will take steps to introduce legislative proposals for a brightline test to clarify when property letting activities subject to income tax would qualify as a trade.
	tabling member constituency	Torridge and West Devon
	tabling member printed	Sir Geoffrey Cox
	uin	21603
	answer	answer is ministerial correction date of answer 22/04/2024 answer text <p>I refer my hon. Friend to the answer I gave on 21 March 2024 to question <a href="https://questions-statements.parliament.uk/written-questions/detail/2024-03-15/18911/" target="_blank">UIN 18911</a>.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 22/04/2024 08:59:43 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	1508 label Biography information for Sir Geoffrey Cox

1700946

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debt Respite Scheme
	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 potential merits of extending the Breathing Space (Debt Respite Scheme) to 180 days.
	tabling member constituency	Stockton North
	tabling member printed	Alex Cunningham
	uin	21658
	answer	answer is ministerial correction date of answer 18/04/2024 answer text <p>The government launched the Breathing Space scheme on 4 May 2021, and as of February 2024, over 216,000 people in problem debt have benefited from Breathing Space protections.</p><p> </p><p>In developing the scheme, the government took the decision that sixty days is an appropriate period for breathing space to last to give individuals the time to engage with debt advice, whilst maintaining fairness and certainty for creditors.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 18/04/2024 13:21:26 answering member 4639 label Biography information for Bim Afolami
	tabling member	4122 label Biography information for Alex Cunningham

1701017

	registered interest
	date	15/04/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Treasury: Marketing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what proportion of his Department’s (a) advertising and (b) marketing expenditure was on (i) local newspapers in print and online, (ii) national newspapers in print and online, (iii) social media, (iv) search engines, (v) broadcast and on-demand television and (vi) other channels in the most recent year for which data is available.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	21752
	answer	answer is ministerial correction date of answer 23/04/2024 answer text <p>HMT’s expenditure on these related areas are all published in the public domain and can be found across the below links</p><p> </p><p>a) <a href="https://www.gov.uk/government/collections/gpc-spend" target="_blank">https://www.gov.uk/government/collections/gpc-spend</a></p><p>b) <a href="https://www.gov.uk/government/collections/25000-spend" target="_blank">https://www.gov.uk/government/collections/25000-spend</a></p><p>c) <a href="https://www.gov.uk/government/collections/hmt-annual-report" target="_blank">https://www.gov.uk/government/collections/hmt-annual-report</a></p><p> </p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 23/04/2024 10:36:05 answering member 4850 label Biography information for Gareth Davies
	tabling member	4607 label Biography information for Stephanie Peacock