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764308

	registered interest
	date	02/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Federation Internationale de L'Automobile: Sudan
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of grants from the Federation Internationale de l’Automobile paid to Sudanese motoring organisations; and whether they intend to ask the Serious Fraud Office to investigate the possibility that corrupt payments were made in relation to those grants.
	tabling member printed	Baroness Cox
	uin	HL1645
	answer	answer is ministerial correction date of answer 16/10/2017 answer text <p>HM Government takes any reports of suspected breaches of the law very seriously.</p><p> </p><p>Information relating to this matter has been received by HM Treasury via its Office of Financial Sanctions Implementation (OFSI). OFSI are engaging with relevant government agencies as appropriate to ensure the information is properly considered.</p><p> </p><p>HM Treasury does not comment further on individual cases.</p> answering member printed Lord Bates question first answered 16/10/2017 13:58:31 answering member 1091 label Biography information for Lord Bates
	tabling member	3364 label Biography information for Baroness Cox

764316

	registered interest
	date	02/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Insurance
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assurances they have given regarding the future of long-term insurance contracts in the light of Brexit.
	tabling member printed	Baroness Hayter of Kentish Town
	uin	HL1653
	answer	answer is ministerial correction date of answer 16/10/2017 answer text <p>The government recognises the issues the UK’s departure from the EU creates for firms ability to service long-term contracts in force at EU exit. We are considering in particular risks arising from any change of passporting arrangements and the impact on cross-border contracts, including long-term insurance contracts.</p><p><strong> </strong></p><p>Much of the detail of these arrangements remains a matter for the EU exit negotiation process, but we will continue to provide information to help firms deal with the challenges and take advantage of the opportunities as we move towards our future relationship with the EU.</p><p><strong> </strong></p> answering member printed Lord Bates question first answered 16/10/2017 13:32:37 answering member 1091 label Biography information for Lord Bates
	tabling member	4159 label Biography information for Baroness Hayter of Kentish Town

764318

	registered interest
	date	02/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Brexit
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what Sterling to Euro exchange rate they are using to calculate the value of any financial settlement arising from the Brexit negotiations.
	tabling member printed	Lord Higgins
	uin	HL1655
	answer	answer is ministerial correction date of answer 16/10/2017 answer text <p>The arrangements for withdrawal from the EU, including determining the sterling and euro values of the financial settlement, will be a matter for the withdrawal agreement as part of the Article 50 process. The UK government is committed to working with the EU to determine a fair settlement for Britain’s exit and the best deal for UK taxpayers.</p><p><strong> </strong></p> answering member printed Lord Bates question first answered 16/10/2017 13:23:42 answering member 1091 label Biography information for Lord Bates
	tabling member	1067 label Biography information for Lord Higgins

764335

	registered interest
	date	02/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Tobacco: Smuggling
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their assessment of the Tobacco Manufacturing Association's recent survey finding that over 70 per cent of tobacco used in the UK is obtained from illicit sources abroad; and what is their assessment of the impact of that finding on health and tax revenues.
	tabling member printed	Lord Maginnis of Drumglass
	uin	HL1672
	answer	answer is ministerial correction date of answer 16/10/2017 answer text <p>The Tobacco Manufacturers’ Association survey reports that 72.5% of smokers purchased tobacco from non-UK duty paid sources. This included legitimate cross-border shopping, which provided it is for personal use, is not subject to UK duty. Therefore, this is not a direct measurement of the illicit market or tax gap.</p><p> </p><p>HMRC publishes annual estimates of the tobacco illicit market on the GOV.UK website. Its latest estimate of revenue losses associated with illicit tobacco was £2.4 billion in 2015-16.</p><p> </p><p>Tackling illicit tobacco, which undermines government taxation and public health policy is a government priority. Since 2000, when the government launched its first strategy to tackle illicit tobacco, the percentage tax gap for cigarettes has reduced in 2015-16 from 22% to 13% and for hand-rolling tobacco from 61% to 32%.</p> answering member printed Lord Bates question first answered 16/10/2017 13:29:57 answering member 1091 label Biography information for Lord Bates
	tabling member	648 label Biography information for Lord Maginnis of Drumglass

764336

	registered interest
	date	02/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Tobacco: Smuggling
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many cases of illegal tobacco trading, and illegal tobacco purchase and use, have been brought before the courts in each of the past three years; what was the maximum, and the mean, penalty imposed; and what was the total gross cost of those prosecutions.
	tabling member printed	Lord Maginnis of Drumglass
	uin	HL1673
	answer	answer is ministerial correction date of answer 16/10/2017 answer text <p>Prosecutions for illegal tobacco can be brought for a range of offences from dealing in illicit product, on which UK duty has not been paid, to breaches of the Department of Health’s regulations for tobacco control. Prosecutions can also be brought by a range of organisations including the Crown Prosecution Service and Local Authorities. Data on the total number of cases brought before the courts; the cost of those prosecutions; and the costs or penalties related to all tobacco related offences is not held centrally.</p><p>HMRC is unable to provide specific data relating to ‘illegal tobacco trading’ and ‘illegal tobacco purchase and use’, as this split is not recorded in our data. The table below shows the total number of tobacco cases dealt with by HMRC’s Fraud Investigation Service over the past three financial years.</p><table><tbody><tr><td><p><strong>Financial Year</strong></p></td><td><p><strong>Operations Adopted</strong></p></td><td><p><strong>Revenue Loss Protected (at date of intervention)</strong></p></td><td><p><strong>Number of Individuals Convicted</strong></p></td><td><p><strong>Number of Individuals Acquitted</strong></p></td></tr><tr><td><p>2014/15</p></td><td><p>406</p></td><td><p>£988,677,013</p></td><td><p>237</p></td><td><p>26</p></td></tr><tr><td><p>2015/16</p></td><td><p>324</p></td><td><p>£1,004,101,439</p></td><td><p>268</p></td><td><p>26</p></td></tr><tr><td><p>2016/17</p></td><td><p>365</p></td><td><p>£1,140,300,083</p></td><td><p>318</p></td><td><p>39</p></td></tr></tbody></table><p> </p><p>Please note that the above data do not correlate to each other - they are separate occurrences in a particular financial year.</p> answering member printed Lord Bates question first answered 16/10/2017 13:58:07 answering member 1091 label Biography information for Lord Bates
	tabling member	648 label Biography information for Lord Maginnis of Drumglass

764339

	registered interest
	date	02/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Utilities: Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they intend to examine the rate of interest charged on loans from shareholders to UK utilities to establish (1) whether the terms, including rates of interest, are commercial, and (2) the tax deductibility of such interest is legitimate.
	tabling member printed	Lord Myners
	uin	HL1676
	answer	answer is ministerial correction date of answer 16/10/2017 answer text <p>The capital structure of a business and the terms of any loan agreements is a commercial decision for the business and its investors or lenders.</p><p> </p><p>Interest expense incurred by a business is generally deductible in calculating taxable profits, but a number of tax rules limit such deductions. These tax rules apply to utilities just as to other sectors. In particular, transfer pricing rules disallow interest deductions in excess of what would be paid to an independent lender. And an unallowable purpose rule prevents deductions for interest on a loan that does not have a commercial purpose. HMRC robustly enforces these rules to ensure they are applied correctly.</p><p> </p><p>Furthermore, in line with OECD recommendations and following extensive consultation, the government is introducing new corporate interest restriction rules in the current Finance Bill to limit the deductions that a business can obtain for financing costs based on the amount of its earnings taxable in the UK.</p> answering member printed Lord Bates question first answered 16/10/2017 13:23:24 answering member 1091 label Biography information for Lord Bates
	tabling member	3869 label Biography information for Lord Myners