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1659700

	registered interest
	date	11/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collective Investment Schemes: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to identify and prevent entities and individuals promote unregulated collective investment schemes.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	198844
	answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The UK’s financial promotions regime, underpinned by Section 21 and Section 238 of the Financial Services and Markets Act 2000 (FSMA), seeks to ensure that consumers are provided with clear and accurate information that enables them to make appropriate decisions for their individual circumstances. Under this regime, the FCA has imposed rules on the promotion of unregulated collective investment schemes, including that such schemes cannot be promoted to ordinary members of the public.</p><p> </p><p>Enforcement relating to the promotion of unregulated collective investment schemes is generally a matter for the FCA, which is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the honourable Member by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 198845 198846 198847 question first answered 18/09/2023 15:50:23 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4793 label Biography information for Scott Benton

1659701

	registered interest
	date	11/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collective Investment Schemes: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what measures his Department has in place to protect investors from the promotion of unregulated collective investment schemes; and what penalties or enforcement action is being pursued against those found promoting such schemes.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	198845
	answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The UK’s financial promotions regime, underpinned by Section 21 and Section 238 of the Financial Services and Markets Act 2000 (FSMA), seeks to ensure that consumers are provided with clear and accurate information that enables them to make appropriate decisions for their individual circumstances. Under this regime, the FCA has imposed rules on the promotion of unregulated collective investment schemes, including that such schemes cannot be promoted to ordinary members of the public.</p><p> </p><p>Enforcement relating to the promotion of unregulated collective investment schemes is generally a matter for the FCA, which is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the honourable Member by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 198844 198846 198847 question first answered 18/09/2023 15:50:24 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4793 label Biography information for Scott Benton

1659702

	registered interest
	date	11/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collective Investment Schemes: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what data his Department holds on he number of (a) cases investigated and (b) enforcement actions taken against individuals and entities involved in the promotion of unregulated collective investment schemes in each of the last five years.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	198846
	answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The UK’s financial promotions regime, underpinned by Section 21 and Section 238 of the Financial Services and Markets Act 2000 (FSMA), seeks to ensure that consumers are provided with clear and accurate information that enables them to make appropriate decisions for their individual circumstances. Under this regime, the FCA has imposed rules on the promotion of unregulated collective investment schemes, including that such schemes cannot be promoted to ordinary members of the public.</p><p> </p><p>Enforcement relating to the promotion of unregulated collective investment schemes is generally a matter for the FCA, which is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the honourable Member by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 198844 198845 198847 question first answered 18/09/2023 15:50:24 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4793 label Biography information for Scott Benton

1659703

	registered interest
	date	11/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collective Investment Schemes: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what regulatory framework is in place to supervise (a) unregulated collective investment schemes and (b) the promotion of those schemes.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	198847
	answer	answer is ministerial correction date of answer 18/09/2023 answer text <p>The UK’s financial promotions regime, underpinned by Section 21 and Section 238 of the Financial Services and Markets Act 2000 (FSMA), seeks to ensure that consumers are provided with clear and accurate information that enables them to make appropriate decisions for their individual circumstances. Under this regime, the FCA has imposed rules on the promotion of unregulated collective investment schemes, including that such schemes cannot be promoted to ordinary members of the public.</p><p> </p><p>Enforcement relating to the promotion of unregulated collective investment schemes is generally a matter for the FCA, which is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the honourable Member by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 198844 198845 198846 question first answered 18/09/2023 15:50:24 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4793 label Biography information for Scott Benton

1584364

	registered interest
	date	06/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Gaming Machines: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of allowing businesses in the land-based gambling sector that pay Machine Games Duty to reclaim VAT.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	140291
	answer	answer is ministerial correction date of answer 09/02/2023 answer text <p>The takings from gaming machines that are subject to Machine Games Duty are exempt from VAT. This means that businesses do not have to charge any VAT on the machine takings but, in line with the normal VAT rules, they cannot reclaim VAT on related costs.</p><p> </p>There are no plans to review the VAT liability of this income.<p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 09/02/2023 12:27:08 answering member 4399 label Biography information for Victoria Atkins
	tabling member	4793 label Biography information for Scott Benton

1507810

	registered interest
	date	23/09/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme: Blackpool South
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the costs to the public purse of the (a) Coronavirus Job Retention Scheme and (b) Self-Employment Income Support Scheme for claims made in Blackpool South constituency.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	54709
	answer	answer is ministerial correction date of answer 11/10/2022 answer text <p>HMRC published statistics on the Coronavirus Job Retention Scheme (CJRS) and Self Employment Income Support Scheme (SEISS) are available at: <a href="https://www.gov.uk/government/collections/hmrc-coronavirus-covid-19-statistics" target="_blank">https://www.gov.uk/government/collections/hmrc-coronavirus-covid-19-statistics</a>.</p><p> </p><p>For the CJRS, the total value of claims is not available for individual constituencies. By the end of the scheme, a total of 15,500 employments benefitted from CJRS in the Blackpool South constituency.</p><p> </p>For the SEISS, 13,700 claims were made at a cost of £30,500,000 in the Blackpool South constituency. answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 11/10/2022 07:04:31 answering member 3912 label Biography information for Richard Fuller
	tabling member	4793 label Biography information for Scott Benton

1365070

	registered interest
	date	01/11/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Gaming Machines: Business Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the amusement machine industry will be eligible for the 50 per cent business rates relief discount available to the retail, leisure, and hospitality industry.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	67286
	answer	answer is ministerial correction date of answer 08/11/2021 answer text <p>Guidance setting out eligibility for the 2022-23 retail, hospitality and leisure relief will be published by the Department for Levelling Up, Housing and Communities in due course.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 67242 question first answered 08/11/2021 14:10:03 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4793 label Biography information for Scott Benton

1365071

	registered interest
	date	01/11/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business Rates: Tax Allowances
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he plans to increase the cap on the 50 per cent reduction in business rates for the retail, leisure and hospitality sector to support businesses with larger numbers of sites.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	67287
	answer	answer is ministerial correction date of answer 09/11/2021 answer text <p>Together with Small Business Rates Relief, over 90 per cent of retail, hospitality and leisure businesses will receive at least a 50 per cent reduction in their business rates bills in 2022-23.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 09/11/2021 16:14:44 answering member 4517 label Biography information for Lucy Frazer
	tabling member	4793 label Biography information for Scott Benton

1355709

	registered interest
	date	15/09/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Regional Airports
	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 (a) reducing or (b) removing Air Passenger Duty on two-way domestic UK flights to assist the growth of (i) regional and (ii) Blackpool airports.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	50159
	answer	answer is ministerial correction date of answer 22/09/2021 answer text <p>As part of its recent consultation on aviation tax, the Government outlined its initial view that the effective rate of Air Passenger Duty (APD) on domestic flights should be reduced in order to support Union and regional connectivity and that the number of international distance bands should be increased in order to align APD more closely with our environmental objectives.</p><p> </p><p>The consultation sought evidence on the potential impacts of these proposals, including on regional air routes. As part of the consultation process the Government engaged with airports in all parts of the UK.</p><p> </p><p>The Government is currently reviewing responses to the consultation and will update in due course.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 22/09/2021 09:54:59 answering member 4527 label Biography information for Helen Whately
	tabling member	4793 label Biography information for Scott Benton

1279666

	registered interest
	date	22/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Gaming Machines: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reducing Machine Games Duty for high street arcades to mitigate the financial effects of covid-19 restrictions.
	tabling member constituency	Blackpool South
	tabling member printed	Scott Benton
	uin	142066
	answer	answer is ministerial correction date of answer 01/02/2021 answer text <p>The Government has no current plans to reduce Machine Games Duty. High street arcade operators will have been able to benefit from the package of measures introduced to mitigate the financial impact of Covid-19 worth over £280 billion, including the Job Retention Scheme, which has been extended until April, the Coronavirus Business Interruption Loan Scheme, the bounce back loan and payment deferral schemes.</p><p> </p><p>HM Treasury keeps all taxes, including Machine Games Duty, under active review.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 01/02/2021 12:40:45 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	4793 label Biography information for Scott Benton