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1461897

	registered interest
	date	11/05/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Business Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he is taking steps to reduce the burden of business rates on small and medium businesses.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	686
	answer	answer is ministerial correction date of answer 19/05/2022 answer text With the conclusion of the Business Rates Review at Autumn Budget 2021, the Government has delivered meaningful reform and cuts worth £7 billion to business over the next five years. This includes a multiplier freeze in 2022-23 which will support all ratepayers, large and small, and a new temporary relief for retail, hospitality, and leisure businesses worth almost £1.7 billion in 2022-23. In addition, over a third of properties (700,000) already pay no business rates as a result of 100 per cent relief through Small Business Rates Relief, with an additional 121,000 in the taper. answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 19/05/2022 15:59:03 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1586 label Biography information for Adam Afriyie

1130450

	registered interest
	date	06/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment the Government has made of the potential merits of cryptocurrencies as a means of payment.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	261180
	answer	answer is ministerial correction date of answer 13/06/2019 answer text The Government established the Cryptoassets Taskforce – comprised of HM Treasury, the Financial Conduct Authority and the Bank of England – in 2018 to explore the risks and potential benefits of cryptoassets and the underlying distributed ledger technology (DLT). The Taskforce’s final report<sup><sup>[1]</sup></sup> concluded that benefits associated with the use of cryptoassets may arise in the future, but that the most immediate priorities for the authorities are to mitigate the risks posed by cryptoassets to consumers and markets, and to prevent the use of cryptoassets for illicit activity. As part of this, the Government will consult on its approach to cryptoassets this year. In addition, the authorities continue to encourage the responsible development of legitimate DLT and cryptoasset-related activity in the UK.<p> </p><p>[1] Full version of the report is available at: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 13/06/2019 13:40:32 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1082272

	registered interest
	date	05/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Individual Savings Accounts
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have invested in an Innovative Finance ISA; and what assessment he has made of the level of uptake of that ISA.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	228624
	answer	answer is ministerial correction date of answer 11/03/2019 answer text According to HMRC statistics, 31,000 innovative finance ISA accounts were subscribed to during the 2017-18 tax year.<p> </p>The Innovative Finance ISA increases the investment options available to investors and forms part of the wider ISA family. An attractive market for peer to peer lending within ISA already exists, with sufficient providers offering a product which meets the needs of lenders and investors. answering member constituency Salisbury answering member printed John Glen question first answered 11/03/2019 14:11:56 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1435292

	registered interest
	date	24/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stocks and Shares: Blockchain
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if his Department will take steps with the Financial Conduct Authority to ensure that securities issued on blockchain can be clearly distinguished from crypto asset service providers.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	129097
	answer	answer is ministerial correction date of answer 04/03/2022 answer text <p>Under the Money Laundering and Terrorist Financing (Information on the Payer) Regulations 2017, a cryptoasset business will be required to register with the Financial Conduct Authority if it is a firm or sole practitioner that provides cryptoasset exchange or custodian wallet services by way of business.</p><p> </p><p>Securities are financial instruments giving rise to claims against the issuer, and are not businesses in and of themselves. Therefore, although a cryptoasset business may issue securities on the blockchain that confer an ownership interest in the business, these securities would be legally distinct from the business itself.</p> answering member constituency Salisbury answering member printed John Glen question first answered 04/03/2022 13:41:41 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

1467419

	registered interest
	date	01/06/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cryptocurrencies: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will allow UK FCA regulated firms, such as brokers, to be exempt from the FCA Cryptoasset Register as they already have equivalent approved processes in place.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	11630
	answer	answer is ministerial correction date of answer 13/06/2022 answer text <p>Under the Money Laundering Regulations (MLRs), any firm operating as a cryptoasset exchange provider or custodian wallet provider must be registered with the FCA for anti-money laundering supervision as a cryptoasset business. It is the responsibility of the FCA, as the independent supervisor for these firms, to assess whether firms have appropriate anti-money laundering controls in place for the kinds of activity they carry out, prior to admitting them to the register. There is no statutory exemption to this requirement for firms that are already registered with the FCA for another activity.</p><p> </p><p>It is necessary for firms dealing with cryptoassets to demonstrate that their controls are adequate to deal with the specific nature of the cryptoasset ecosystem. Having adequate AML controls for one type of business activity does not guarantee that these controls are suitable for another.</p><p> </p><p>The government is committed to supporting the safe and sustainable growth of the cryptoasset sector. The MLRs established a risk-based approach to the supervision of cryptoasset businesses, and the assessment which each firm must undergo should therefore be proportionate to the risks generated by the kind of activities it engages in. The processes that a broker is expected to put in place will therefore likely be different from those that a large cryptoasset exchange is expected to demonstrate.</p><p><strong> </strong></p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 13/06/2022 12:38:43 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

964048

	registered interest
	date	03/09/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: USA
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has had discussions with the US Administration on establishing a FinTech bridge agreement between the UK and the USA.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	169242
	answer	answer is ministerial correction date of answer 11/09/2018 answer text <p>UK and US government officials and regulators continue to engage on a range of financial services policy, including FinTech. There are no current plans for a UK-US FinTech Bridge.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 11/09/2018 16:03:18 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

47167

	registered interest
	date	07/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how many meetings he held with the Office of Tax Simplification in (a) 2011-12 and (b) 2012-13.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	195455
	answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>Treasury Ministers regularly meet with the Office of Tax Simplification and other parts of Treasury group as part of normal departmental and Government business. As was the case with previous Administrations, it is not the Government's practice to provide details of all such meetings and discussions<em>.</em></p><p> </p><p>Details of Ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:</p><p><a href="http://www.hm-treasury.gov.uk/minister_hospitality.htm" target="_blank">http://www.hm-treasury.gov.uk/minister_hospitality.htm</a>.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 28/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

50009

	registered interest
	date	06/05/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the Home Office on the economic effect of the Tier 1 (Investor) visa; and if he will make a statement.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	197732
	answer	answer is ministerial correction date of answer 12/05/2014 answer text <p>Treasury Ministers and officials have regular discussions with the Home Office on a wide variety of topics as part of the process of policy development and delivery.</p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 12/05/2014 12:00:00 answering member 1535 label Biography information for Danny Alexander
	tabling member	1586 label Biography information for Adam Afriyie

453650

	registered interest
	date	22/02/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Food: Imports
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what revenue was received by the Exchequer from the total amount of food imported by the UK from other member states of the EU in the last 10 years.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	27726
	answer	answer is ministerial correction date of answer 01/03/2016 answer text <p>This level of detail is not collected on VAT or any other tax return.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 01/03/2016 15:32:39 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie

100107

	registered interest
	date	21/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent steps he has taken to simplify the rates of employees' National Insurance contributions.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	211325
	answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>This Government is committed to a competitive tax regime and has introduced a range of measures to reduce the burden of National Insurance Contributions (NICs), as part of our long term economic plan to back business and create jobs.</p><p> </p><p> </p><p> </p><p>The Employment Allowance, introduced in April this year, means that around 450,000 employers– one third of all employers – are expected to be taken out of paying employer NICs altogether in 2014-15 and from April 2015, employer NICs for under 21 year olds will be abolished, helping to support jobs for almost 1.5 million young people currently in employment.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/10/2014 16:16:49 answering member 1529 label Biography information for Mr David Gauke
	tabling member	1586 label Biography information for Adam Afriyie