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967497

	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	Inheritance Tax: Families
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what consideration they have given to deferring the date that inheritance tax becomes payable on the home of two blood-related joint owners until the death of the second of those two persons.
	tabling member printed	Lord Lexden
	uin	HL9987
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>All individuals benefit from a £325,000 tax free threshold for inheritance tax. On certain assets, inheritance tax can be paid in instalments over a ten-year period. This includes situations where the estate contains a house, provided that the house remains unsold.</p><p> </p> answering member printed Lord Bates question first answered 14/09/2018 11:50:19 answering member 1091 label Biography information for Lord Bates
	tabling member	4202 label Biography information for Lord Lexden

753309

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what steps they have taken, if any, to engage with the European Parliament's inquiry into Money Laundering, Tax Avoidance and Tax Evasion.
	tabling member printed	Lord Kennedy of Southwark
	uin	HL997
	answer	answer is ministerial correction date of answer 28/07/2017 answer text <p>The Government has engaged constructively with the European Parliament's Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion‎.</p><p> </p><p>In February 2017, the previous Financial Secretary to the Treasury and the previous Economic Secretary to the Treasury wrote to the Chair of the European Parliament to set out the extensive recent steps the UK had taken in these areas. In the same month, Members of the Committee visited London and met with senior officials from the UK's cross-agency Panama Papers Taskforce to discuss their important work.</p> answering member printed Lord Bates question first answered 28/07/2017 12:33:37 answering member 1091 label Biography information for Lord Bates
	tabling member	4153 label Biography information for Lord Kennedy of Southwark

753308

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what progress have they made in reducing the national debt.
	tabling member printed	Lord Kennedy of Southwark
	uin	HL996
	answer	answer is ministerial correction date of answer 28/07/2017 answer text <p>In 2010 the government inherited the largest deficit since the Second World War at 9.9% of GDP in 2009-10. Since then the government has reduced the deficit by three quarters to 2.4% of GDP last year. Without this reduction the level of debt would be even higher than its level of 86.8% of GDP at the end of March 2017.</p><p> </p><p>The government has committed to ensure Public Sector Net Debt as a share of GDP is falling in 2020-21. In their March 2017 forecast the Office for Budget Responsibility forecast that the government will meet this target two years early in 2018-19.</p> answering member printed Lord Bates question first answered 28/07/2017 12:33:52 answering member 1091 label Biography information for Lord Bates
	tabling member	4153 label Biography information for Lord Kennedy of Southwark

947642

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to advance the UK’s position as an international financial centre.
	tabling member printed	Viscount Waverley
	uin	HL9898
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The UK is home to the world’s preeminent financial centre and the government is committed to maintaining and enhancing this position. In addition to our natural advantages, such as a central time zone and the English language, we have strengths across all the major sectors – banking, asset management, and insurance – alongside a globally respected regulatory system, and world-class legal and professional services.</p><p> </p><p>As the Chancellor of the Exchequer set out in his Mansion House speech in June, the government has a long-term vision for the future of UK financial services, based on ensuring the continued innovation, resilience, and openness of the sector. This includes strengthening the UK’s already world-leading positions in the markets of the future, whether in Fintech, green and sustainable finance, or rupee and renminbi products.</p> answering member printed Lord Bates question first answered 02/08/2018 12:10:45 answering member 1091 label Biography information for Lord Bates
	tabling member	1744 label Biography information for Viscount Waverley

947599

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation: Disclosure of Information
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the consultation paper, Amending HMRC’s Civil Information Powers, published on 10 July, which contained the proposal to remove the "requirement to seek approval from the tribunal or the taxpayer before a third-party notice could be issued", what protection and oversight they intend to introduce for taxpayers with regard to the provision of information from third parties.
	tabling member printed	The Marquess of Lothian
	uin	HL9870
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The Government believes that every HMRC information power should have an appropriate and proportional safeguard. The ongoing consultation asks for views on the appropriate safeguard to allow HMRC to use a third party information power effectively whilst still protecting taxpayers’ rights. All responses will be considered before any final decisions are taken.</p><p> </p> answering member printed Lord Bates question first answered 02/08/2018 12:07:49 answering member 1091 label Biography information for Lord Bates
	tabling member	259 label Biography information for The Marquess of Lothian

753297

	registered interest
	date	18/07/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	2
	legislature	25277 pref label House of Lords
	question text	Her Majesty's Government what is the HMRC budget for national minimum wage enforcement for 2017–18; how many staff are expected to be employed by HMRC in national minimum wage enforcement in 2017–18; and how many staff were employed in each of the last five years.
	tabling member printed	Baroness Jolly
	uin	HL985
	answer	answer is ministerial correction date of answer 25/07/2017 answer text <p>The Government has more than trebled annual funding of minimum wage enforcement since 2014, providing a total budget of £25.3m in 2017-18. As at 1 April 2017, there were 399 staff in post in HMRC’s NMW teams. HMRC are 90% staffed against current recruitment plans for the year.</p><p> </p><p>For the previous 5 years NMW staff figures I refer the honourable member to UIN 58599 and UIN 16938.</p> answering member printed Lord Bates question first answered 25/07/2017 10:03:45 answering member 1091 label Biography information for Lord Bates
	tabling member	4203 label Biography information for Baroness Jolly

947558

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Tax Credit
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the report by HMRC, Child and Working Tax Credits Statistics: Provisional Awards Geographical Analysis April 2018, published on 28 June, in relation to the policy to provide support via Child Tax Credit for a maximum of two children, whether they have undertaken an analysis to determine why the total number of affected household in the first year of the policy is substantially lower than the estimate published in their impact assessment of July 2015; and if so, what are the reasons for the difference between the projected and actual outcomes.
	tabling member printed	The Lord Bishop of Durham
	uin	HL9843
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The difference between the estimate in the Impact Assessment and the statistic published in “Child Tax Credit and Universal Credit claimants: statistics related to the policy to provide support for a maximum of 2 children, April 2018” is due to a combination factors, including improvements to the methodology used to identify the affected population, divergences between the economic determinants used to model the policy and actual outturn, and changes in the underlying claimant population. No formal analysis of the separate impact of these factors has been made.</p> answering member printed Lord Bates question first answered 02/08/2018 12:07:13 answering member 1091 label Biography information for Lord Bates
	tabling member	4312 label Biography information for The Lord Bishop of Durham

947541

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many working people in the UK they estimate do not have bank accounts; and what steps they are taking to assist such people; and what particular measures they are taking relating to those of this total who are homeless or sleeping rough or may previously have been such.
	tabling member printed	Lord Bird
	uin	HL9833
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The Government does not make estimates of the number of working people who do not have access to bank accounts. However, in 2017, the FCA published the results of the Financial Lives Survey which estimated that 1.3 million UK adults (3% of the UK adult population) were unbanked, i.e. have no current account or alternative e-money account. The Financial Lives Survey report contains further information on the characteristics of the unbanked and their preferences to have a bank account. The FCA intend to repeat the Financial Lives Survey on a regular basis in future.</p><p> </p><p>The Government takes financial inclusion very seriously and is working to ensure everyone can have access to financial services. With regards to those who are sleeping rough or are homeless, the Government recognises that it can be difficult for such individuals to access bank accounts due to their lack of permanent address.</p><p> </p><p>Under the Payment Accounts Regulations 2015, the 9 largest UK current account providers are required to offer fee-free basic bank accounts to consumers who are either unbanked or who are not eligible for a standard current account. Regulation 23 specifically states that consumers with no fixed address are to be considered eligible and in Regulation 18 specifies that firms must not discriminate against consumers by reason of their place of residence.</p><p> </p><p>As these accounts are particularly suitable for more vulnerable customers, Government encourages the banks who provide them to be flexible with identification and verification checks, within the remit of the Joint Money Laundering Steering Group (JMLSG) guidance. The JMLSG guidance encourages firms to consider a wide range of evidence to prove identification and to act reasonably where customers do not have more conventional forms of identification.</p><p> </p> answering member printed Lord Bates question first answered 02/08/2018 12:05:10 answering member 1091 label Biography information for Lord Bates
	tabling member	4564 label Biography information for Lord Bird

947540

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Rural Areas
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure continued access to (1) free automated teller machines, and (2) bank branches, particularly in rural communities.
	tabling member printed	Lord Bird
	uin	HL9832
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses across the UK. Government has been engaging and will continue to engage with the regulators and industry, including LINK (the scheme that runs the UK’s ATM system), to ensure that it is maintained.</p><p> </p><p>The Government established the Payment Systems Regulator (PSR) in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users. As part of this, the PSR is closely monitoring developments within ATM provision and has committed to using its powers to act should LINK behave in a way that conflicts with its statutory objectives.</p><p> </p><p>Regarding bank branches, the decision to close a branch is a commercial issue for the management team of the bank involved. However, Government believes it is important the impact on communities must be understood, considered and mitigated where possible.</p><p> </p><p>The Government supports the industry’s Access to Banking Standard which commits banks to ensure personal and business customers are better informed about branch closures and the reasons for them closing. It also helps customers to understand the options they have locally to continue to access banking services, including specialist assistance for customers who need more help. The Access to Banking Standard is monitored and enforced by the independent Lending Standards Board.</p><p> </p><p>Government also considers it important that all customers, wherever they live and especially those who are vulnerable, can still access over the counter services. That is why we support the Post Office’s Banking Framework Agreement, which enables 99% of banks’ personal and 95% of banks’ small business customers to withdraw cash, deposit cash and cheques, and make balance enquiries at a Post Office counter via its network of 11,600 branches.</p> answering member printed Lord Bates question first answered 02/08/2018 12:09:17 answering member 1091 label Biography information for Lord Bates
	tabling member	4564 label Biography information for Lord Bird

947538

	registered interest
	date	24/07/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debt Respite Scheme
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to meet their timetable for implementing the breathing space debt scheme as announced by the Economic Secretary to HM Treasury in October 2017.
	tabling member printed	Lord Bird
	uin	HL9831
	answer	answer is ministerial correction date of answer 02/08/2018 answer text <p>The government is currently undertaking a detailed policy design process on the introduction of breathing space and a statutory debt repayment plan. The government is working in close conjunction with stakeholders to design a scheme that works for all those who would benefit from the scheme’s protections.</p><p> </p><p>The government will consult on a single policy proposal based on this work later this summer, and then intends to lay regulations to establish the scheme in 2019.</p> answering member printed Lord Bates question first answered 02/08/2018 12:05:42 answering member 1091 label Biography information for Lord Bates
	tabling member	4564 label Biography information for Lord Bird