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967561

	registered interest
	date	04/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Charitable Donations: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the annual cost to the Exchequer of the tax foregone due to tax relief on charitable donations (1) in the last year, and (2) over the last five years.
	tabling member printed	Lord Vinson
	uin	HL10042
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Tax relief is available on donations to charity by individuals and organisations, and to charities for their activities, including investment income.</p><p>Information about tax relief on charities’ investment income, and on charitable donations by organisations is not readily available.</p><p>Estimates for tax reliefs on charitable donations by individuals are published in “UK charity tax relief statistics”. The table below is an extract from the latest edition.</p><p>Extract from Table 2<strong>:</strong> Estimates for UK charities tax reliefs. Updated June 2018. Restricted to those reliefs for which accurate figures can be estimated</p><p> </p><table><tbody><tr><td><p>£m</p></td><td colspan="2"><p>Reliefs paid to charities</p></td><td colspan="4"><p>Reliefs paid to individuals</p></td></tr><tr><td><p>Tax Year</p></td><td><p>Gift Aid</p></td><td><p>Gift Aid Small Donations Scheme</p></td><td><p>Inheritance Tax</p></td><td><p>Payroll Giving</p></td><td><p>Gifts of shares and property</p></td><td><p>Higher Rate Relief on Gift Aid</p></td></tr><tr><td><p>2013-14</p></td><td><p>1060</p></td><td><p>10</p></td><td><p>660</p></td><td><p>40</p></td><td><p>60</p></td><td><p>410</p></td></tr><tr><td><p>2014-15</p></td><td><p>1210</p></td><td><p>20</p></td><td><p>700</p></td><td><p>40</p></td><td><p>60</p></td><td><p>480</p></td></tr><tr><td><p>2015-16</p></td><td><p>1300</p></td><td><p>30</p></td><td><p>800</p></td><td><p>40</p></td><td><p>70</p></td><td><p>500</p></td></tr><tr><td><p>2016-17</p></td><td><p>1280</p></td><td><p>30</p></td><td><p>840</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr><tr><td><p>2017-18</p></td><td><p>1270</p></td><td><p>30</p></td><td><p>860</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr></tbody></table><p> </p><p> </p> answering member printed Lord Bates grouped question UIN HL10043 question first answered 14/09/2018 11:56:13 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

967562

	registered interest
	date	04/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Charities: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is the annual cost to the Exchequer of the tax foregone due to tax relief on charity investment income (1) in the last year, and (2) over the last five years; and what is the breakdown of the total cost over the last five years per taxpayer, per year.
	tabling member printed	Lord Vinson
	uin	HL10043
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>Tax relief is available on donations to charity by individuals and organisations, and to charities for their activities, including investment income.</p><p>Information about tax relief on charities’ investment income, and on charitable donations by organisations is not readily available.</p><p>Estimates for tax reliefs on charitable donations by individuals are published in “UK charity tax relief statistics”. The table below is an extract from the latest edition.</p><p>Extract from Table 2<strong>:</strong> Estimates for UK charities tax reliefs. Updated June 2018. Restricted to those reliefs for which accurate figures can be estimated</p><p> </p><table><tbody><tr><td><p>£m</p></td><td colspan="2"><p>Reliefs paid to charities</p></td><td colspan="4"><p>Reliefs paid to individuals</p></td></tr><tr><td><p>Tax Year</p></td><td><p>Gift Aid</p></td><td><p>Gift Aid Small Donations Scheme</p></td><td><p>Inheritance Tax</p></td><td><p>Payroll Giving</p></td><td><p>Gifts of shares and property</p></td><td><p>Higher Rate Relief on Gift Aid</p></td></tr><tr><td><p>2013-14</p></td><td><p>1060</p></td><td><p>10</p></td><td><p>660</p></td><td><p>40</p></td><td><p>60</p></td><td><p>410</p></td></tr><tr><td><p>2014-15</p></td><td><p>1210</p></td><td><p>20</p></td><td><p>700</p></td><td><p>40</p></td><td><p>60</p></td><td><p>480</p></td></tr><tr><td><p>2015-16</p></td><td><p>1300</p></td><td><p>30</p></td><td><p>800</p></td><td><p>40</p></td><td><p>70</p></td><td><p>500</p></td></tr><tr><td><p>2016-17</p></td><td><p>1280</p></td><td><p>30</p></td><td><p>840</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr><tr><td><p>2017-18</p></td><td><p>1270</p></td><td><p>30</p></td><td><p>860</p></td><td><p>40</p></td><td><p>70</p></td><td><p>490</p></td></tr></tbody></table><p> </p><p> </p> answering member printed Lord Bates grouped question UIN HL10042 question first answered 14/09/2018 11:56:13 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

1020319

	registered interest
	date	05/12/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Shares: Sales
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of (1) the practice whereby shares lent for short selling are sold without the explicit knowledge of the beneficial owner, and (2) whether regulatory authorities are able to ensure that those using this practice comply with relevant legislation.
	tabling member printed	Lord Vinson
	uin	HL12097
	answer	answer is ministerial correction date of answer 19/12/2018 answer text <p>This practice is regulated under the terms of the EU’s Securities Financing Transactions Regulation and the UK Money Markets Code. The European Supervisory Authorities, Financial Conduct Authority and Bank of England are responsible for enforcing the Securities Financing Transactions Regulation.</p><p> </p> answering member printed Lord Bates question first answered 19/12/2018 17:08:21 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

598916

	registered interest
	date	11/10/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Markets
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what assessment they have made of whether high frequency trading has utility and is in the national interest.
	tabling member printed	Lord Vinson
	uin	HL2223
	answer	answer is ministerial correction date of answer 24/10/2016 answer text <p>The Government sponsored the Foresight Project, which reported in 2012, to analyse the role, development, and impact of computer-based trading – including high frequency trading – in financial markets. The Future of Computer Trading in Financial Markets report highlighted the benefits of computer-based trading for the operation of markets, in particular relating to liquidity, transaction costs, and the efficiency of market prices, while also considering the implications for financial stability.</p><p> </p><p> </p> answering member printed Lord Young of Cookham question first answered 24/10/2016 14:21:10 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1807 label Biography information for Lord Vinson

642863

	registered interest
	date	23/11/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, in the light of the fact that most small businesses assess their profits annually in arrears, whether it is the intention of HM Revenue and Customs to make small businesses report their income and expenditure quarterly; and what assessment they have made of the feasibility of this requirement.
	tabling member printed	Lord Vinson
	uin	HL3465
	answer	answer is ministerial correction date of answer 05/12/2016 answer text <p>HM Revenue and Customs published a consultation document setting out the Government’s proposals on 15 August 2015 entitled “Making Tax Digital: Bringing business tax into the digital age”. The consultation included an initial assessment of the impacts on businesses. The consultation closed on 7 November. The government is currently considering the responses to the Making Tax Digital consultations and will publish its response and draft legislation in January, together with an updated Tax Impact Assessment.</p> answering member printed Lord Young of Cookham question first answered 05/12/2016 16:37:28 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	1807 label Biography information for Lord Vinson

796027

	registered interest
	date	28/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Shares: Sales
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the extent to which the beneficial owners of shares held in collective investments are fully aware when those shares have been lent for shorting purposes and have given their permission accordingly.
	tabling member printed	Lord Vinson
	uin	HL3675
	answer	answer is ministerial correction date of answer 05/12/2017 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from government.</p><p> </p><p>This question has been passed on to the FCA. They will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Bates grouped question UIN HL3676 question first answered 05/12/2017 16:19:22 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

796028

	registered interest
	date	28/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Shares: Sales
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they intend to make it a condition of listing that administrators of collective investments declare their shorting positions, and have been fully authorised by the beneficial owners of those shares before lending those shares for shorting purposes.
	tabling member printed	Lord Vinson
	uin	HL3676
	answer	answer is ministerial correction date of answer 05/12/2017 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from government.</p><p> </p><p>This question has been passed on to the FCA. They will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.</p> answering member printed Lord Bates grouped question UIN HL3675 question first answered 05/12/2017 16:19:22 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

177964

	registered interest
	date	04/02/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector Debt
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government what is the annual cost (1) per taxpayer, and (2) per household, of servicing the United Kingdom national debt.
	tabling member printed	Lord Vinson
	uin	HL4675
	answer	answer is ministerial correction date of answer 13/02/2015 answer text <p>In 2013 central government debt interest payments were £49.1 billion. Using the relevant household and population numbers the annual cost of servicing the national debt in 2013 was:</p><p> </p><p> </p><p> </p><ol><li><p>£1,841 per household; and</p><p> </p></li><li><p>£766 per person.</p></li></ol><p> </p> answering member printed Lord Deighton question first answered 13/02/2015 15:36:44 answering member 4262 label Biography information for Lord Deighton
	tabling member	1807 label Biography information for Lord Vinson

444448

	registered interest
	date	13/01/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Shares: Sales
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government whether they will consider making it an offence to lend shares for short-selling without permission of the beneficial owners.
	tabling member printed	Lord Vinson
	uin	HL4999
	answer	answer is ministerial correction date of answer 27/01/2016 answer text <p>The short selling of securities is a legitimate and longstanding investment technique that can provide a positive contribution to efficient market functioning through supporting price formation and providing liquidity to markets.</p><br /><p>It is already illegal to lend any property, including shares, without the consent of the beneficial owner. However, there are limited circumstances in which fund managers are able to lend shares on behalf of investors (including for purposes such as facilitating a short sale). Under the Financial Conduct Authority’s rules, fund managers are able to do so if they have explicitly set out that they will do this in fund documentation, including the prospectus. This documentation forms part of the contract, which the investors agree to when they invest in the fund. FCA supervisors monitor compliance with applicable rules in this regard. These existing rules allow the FCA to take action, where appropriate, if shares are lent without the permission of the beneficial owner.</p> answering member printed Lord O'Neill of Gatley question first answered 27/01/2016 16:21:55 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	1807 label Biography information for Lord Vinson

449690

	registered interest
	date	02/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Shares: Sales
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty’s Government, further to the Written Answer by Lord O’Neill of Gatley on 27 January (HL4999), when the Financial Conduct Authority (FCA) last monitored or audited the procedures that require institutions explicitly to set out that they may lend shares on behalf of investors for the purpose of short selling; and what assessment they or the FCA have made of whether beneficial owners of shares are fully aware of the consequences to them of their shares being lent for short selling.
	tabling member printed	Lord Vinson
	uin	HL5772
	answer	answer is ministerial correction date of answer 09/02/2016 answer text <p>This is an operational matter for the Financial Conduct Authority (FCA), who are operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 09/02/2016 16:03:15 answering member 4536 label Biography information for Lord O'Neill of Gatley
	tabling member	1807 label Biography information for Lord Vinson