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1139767

	registered interest
	date	17/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business and Consumers: Payments
	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 effect of two-factor payment authentication on (a) consumers and (b) businesses.
	tabling member constituency	Streatham
	tabling member printed	Chuka Umunna
	uin	278491
	answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>The implementation of Strong Customer Authentication, which mandates two-factor authentication for some online payments, will introduce more secure payments for individuals and businesses.</p><p> </p><p>This was introduced by the second Payment Services Directive. HM Treasury published an impact assessment on the implementation of this EU directive in 2017.</p><p> </p><p>In an Opinion published on 21 June, the European Banking Authority acknowledged the complexity of payments markets and the practical challenges arising from the changes that are required by Strong Customer Authentication across the EU, which may lead to some actors in the payments chain not being ready by 14 September 2019.</p><p> </p><p>The FCA is therefore working closely with industry to develop a migration plan to implement Strong Customer Authentication in a timely and effective manner.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 22/07/2019 13:24:49 answering member 4051 label Biography information for John Glen
	tabling member	4128 label Biography information for Chuka Umunna

1140228

	registered interest
	date	18/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	UK Trade with EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many (a) businesses and (b) companies (i) have an Economic Operator Registration and Identification (EORI) number, (ii) require an EORI number but do not have one and (iii) have applied for an EORI number and not received one.
	tabling member constituency	Streatham
	tabling member printed	Chuka Umunna
	uin	279012
	answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>Approximately 479,000 traders hold a live Economic Operator Registration and Identification (EORI) number issued by HM Revenue and Customs (HMRC). It is not possible to provide a breakdown of this data.</p><p> </p><p>Data on the number of traders that would need a UK EORI number is not readily available.</p><p> </p><p>HMRC have issued UK EORI numbers to all traders who registered for a number and did not already possess one at the time of their registration.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 23/07/2019 12:24:54 answering member 3991 label Biography information for Jesse Norman
	tabling member	4128 label Biography information for Chuka Umunna

1140616

	registered interest
	date	19/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by the Department for Exiting the European Union, what parts of the plan for banking, insurance and other financial services in the event that the UK leaves the EU without a deal have been implemented.
	tabling member constituency	Streatham
	tabling member printed	Chuka Umunna
	uin	279465
	answer	answer is ministerial correction date of answer 24/07/2019 answer text <p>The Government has done the necessary work to make sure that we continue to have a stable and functioning financial services regime at the point of leaving the EU in a no deal scenario.</p><p> </p><p>The Government has delivered a programme of legislation under the EU Withdrawal Act in order to provide continuity for UK citizens and businesses and to ensure the UK regulatory regime can function effectively outside of the EU.</p><p> </p><p>This legislation includes temporary permissions for EEA firms currently passporting into the EU, and temporary permissions to allow UK firms to continue using Central Counterparties (CCPs) and Central Securities Depositories (CSDs) in the EEA. It also includes a transitional power for regulators to phase in post-exit regulatory requirements for firms where they have changed as a result of the UK leaving the EU.</p><p> </p><p>Following the six-month Article 50 extension, new EU financial services legislation will become applicable between now and 31 October 2019 and will therefore form part of UK law on exit day. We are laying further Statutory Instruments under the EU Withdrawal Act to ensure this new legislation is workable in the UK at exit.</p><p> </p><p>However, it should be noted that the UK authorities are not able through unilateral action to fully address all the risks. For example, the risks to EEA customers of UK firms currently providing services into the EEA using the financial services passport also require action from the EU or individual member states.</p><p> </p><p>We therefore welcome the steps taken by the EU and some individual member states to mitigate some of the risks. This includes: the EU’s temporary equivalence and recognition for UK CCPs and CSDs; ESMA’s decision to approve Memoranda of Understanding (MoUs) that include provisions to allow cross-border delegation of portfolio management between the UK and the EEA; and EIOPA recommendations which call on relevant member state regulators to put in place measures which aim to minimise detriment to insurance policyholders.</p><p> </p><p>As a result of all these actions, the Bank of England’s Financial Policy Committee said in its Financial Stability Report (July 2019): ‘Most risks to UK financial stability from disruption to cross-border financial services in a no-deal Brexit have been mitigated.’ But they also note that ‘in the absence of further action by EU authorities, some disruption to cross-border financial services is possible.’</p> answering member constituency Salisbury answering member printed John Glen question first answered 24/07/2019 10:57:17 answering member 4051 label Biography information for John Glen
	tabling member	4128 label Biography information for Chuka Umunna

1140617

	registered interest
	date	19/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by the Department for Exiting the European Union, what parts of the plan for VAT for businesses in the event that the UK leaves the EU without a deal have been implemented.
	tabling member constituency	Streatham
	tabling member printed	Chuka Umunna
	uin	279466
	answer	answer is ministerial correction date of answer 23/07/2019 answer text <p>As a responsible government, the Government has been preparing plans to minimise any disruption in the event of no deal for nearly three years.</p><p> </p><p>HM Revenue and Customs and HM Treasury are aware of the VAT policies that need to be delivered for exit day and the Government remains confident that all required SIs will be brought forward in good time.</p><p> </p><p>In light of the extension that has now been agreed, departments continue to advance their ‘no deal’ preparations and are making sensible adjustments on the timing and pace at which certain work is progressing, so that the Government is ready to implement necessary work in the lead-up to 31 October if needed.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 23/07/2019 16:09:01 answering member 3991 label Biography information for Jesse Norman
	tabling member	4128 label Biography information for Chuka Umunna

1142125

	registered interest
	date	25/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: UK Relations with EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the EU has agreed to implement (a) temporary equivalence and recognition for UK central counterparties and central securities depositories, (b) the European Securities and Markets Authority’s decision to approve Memoranda of Understanding on allowing cross-border delegation of portfolio management between the UK and the EEA and (c) the European Insurance and Occupational Pensions Authority's recommendations on relevant member state regulators to minimise detriment to insurance policyholders in the in the event the UK leaves the EU without an agreement.
	tabling member constituency	Streatham
	tabling member printed	Chuka Umunna
	uin	282348
	answer	answer is ministerial correction date of answer 03/09/2019 answer text <p>I refer the Hon. Member to the answer that I gave on 24 July 2019 under UIN 279465.</p><p> </p><p>We welcome the steps taken by the EU and some individual member states to help mitigate cliff-edge risks to financial services. This includes:</p><ul><li>The EU’s temporary equivalence and recognition for UK central counterparties (CCPs) and central securities depositories (CSDs). This follows similar action from HMT to legislate for a process to facilitate continued access for EU and global CCPs and CSDs to the UK market.</li><li>The European Securities and Markets Authority and the FCA have agreed MoUs that include provisions to allow cross-border delegation of portfolio management between the UK and the EEA. This provides the asset management industry with certainty that portfolio delegation services between themselves and clients in the EEA can continue in any exit scenario.</li><li>Recommendations from the European Insurance and Occupational Pensions Authority which call on relevant Member State regulators to put in place measures which aim to minimise detriment to insurance policyholders. It is a matter for national regulators whether they choose to comply with this guidance.</li></ul> answering member constituency Salisbury answering member printed John Glen question first answered 03/09/2019 08:14:29 answering member 4051 label Biography information for John Glen
	tabling member	4128 label Biography information for Chuka Umunna

1186194

	registered interest
	date	18/03/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Garages and Petrol Stations: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has to provide assistance with (a) business rates, (b) VAT relief and (c) PAYE relief to independent motoring garages that (i) must temporarily close and (ii) have fewer customers as a result of self-isolation following the covid-19 outbreak.
	tabling member constituency	Streatham
	tabling member printed	Bell Ribeiro-Addy
	uin	31585
	answer	answer is ministerial correction date of answer 26/03/2020 answer text <p>The Government has announced an unprecedented package of support for businesses and individuals affected by Covid-19, and remains committed to doing whatever it takes to support the economy as necessary.</p><p> </p><p>At the Budget it announced that businesses in the retail, hospitality and leisure sectors with a rateable value of less than £51,000 would pay no business rates this year. On 17 March the Government went further, and extended the business rates holiday so that all eligible businesses in retail, hospitality or leisure will pay no business rates for 12 months, irrespective of rateable value. Those eligible businesses will also have access to additional cash grants of up to £25,000. The smallest businesses, those eligible for Small Business Rate Relief, will receive a cash grant of £10,000.</p><p> </p><p>Since then, the Government has announced that UK VAT registered businesses can defer VAT payments due with their VAT returns between now and the end of June. No UK VAT registered business will have to make a VAT payment alongside their VAT return to HMRC in that period. These businesses will have until the end of the financial year to repay.</p><p> </p><p>Under the Coronavirus Job Retention Scheme, employers can put workers on temporary leave and the Government will pay them cash grants of 80% of their wages up to a cap of £2,500 per month, providing they keep the worker employed. They will receive the grant from HMRC, and the scheme will be backdated to 1 March 2020.</p><p> </p><p>For Income Tax Self-Assessment, payments due on 31 July 2020 will be deferred until 31 January 2021.</p><p> </p><p>HMRC have also scaled up their Time to Pay service by setting up a new Covid-19 Helpline with more staff to support it. Time to Pay is available to all taxpayers in temporary financial distress and with outstanding tax liabilities. Taxpayers can contact the dedicated Covid-19 helpline to get practical help and advice on 0800 0159 559.</p><p> </p><p>The Chancellor will continue to review and make further announcements as events unfold if required.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 26/03/2020 09:43:27 answering member 3991 label Biography information for Jesse Norman
	tabling member	4764 label Biography information for Bell Ribeiro-Addy

1188667

	registered interest
	date	20/04/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme
	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 ensure that all new starters including people who were due to be on payroll after 19 March 2020 are eligible for the Coronavirus Job Retention Scheme.
	tabling member constituency	Streatham
	tabling member printed	Bell Ribeiro-Addy
	uin	37961
	answer	answer is ministerial correction date of answer 28/04/2020 answer text <p>On 15 April, the Government announced it would extend the cut-off date for the CJRS to 19 March, to include employees whose payroll information was notified to HMRC by 19 March. Processing claims for the Coronavirus Job Retention Scheme in cases where HMRC did not have RTI data by 19 March would require much greater manual handling by HMRC, which would significantly slow down the system while risking substantial levels of fraud. It would also require greater resource for HMRC when they are already under significant pressure to deliver the system designed. Those not eligible for the scheme may be able to access the other support Government is providing, including a package of temporary welfare measures and up to three months’ mortgage payment holidays for those struggling with their mortgage payments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 37431 37460 37461 37797 37806 38001 question first answered 28/04/2020 16:26:41 answering member 3991 label Biography information for Jesse Norman
	tabling member	4764 label Biography information for Bell Ribeiro-Addy

1193244

	registered interest
	date	05/05/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Agriculture: Government Assistance
	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 include agricultural businesses in the support packages introduced by the Government.
	tabling member constituency	Streatham
	tabling member printed	Bell Ribeiro-Addy
	uin	43756
	answer	answer is ministerial correction date of answer 13/05/2020 answer text <p>The Government has announced unprecedented support for business and workers to protect them against the current economic emergency including an initial £330 billion of guarantees – equivalent to 15% of UK GDP.</p><p> </p><p>On 6 May the Government announced a new fund which will enable eligible dairy farmers in England to access up to £10,000 each to help them overcome the impact of the coronavirus outbreak. This will cover 70% of their lost income during April and May to ensure they can continue to operate and sustain production capacity without impacts on animal welfare.</p><p> </p><p>Businesses in the agricultural sector may benefit from the range of support measures made available, which includes:</p><p> </p><ul><li>The Coronavirus Business Interruption Loan Scheme (CBILS)</li><li>The Bounce Back Loan Scheme (BBL) for small and micro enterprises</li><li>The Coronavirus Job Retention Scheme (CJRS).</li><li>VAT deferral for up to 12 months</li><li>The Time To Pay scheme, through which businesses and self-employed individuals in financial distress, and with outstanding tax liabilities, can receive support with their tax affairs</li><li>Protection for commercial leaseholders against automatic forfeiture for non-payment until June 30, 2020</li></ul><p> </p><p>The Business Support website provides further information about how businesses can access the support that has been made available, who is eligible, when the schemes open and how to apply - <a href="https://www.businesssupport.gov.uk/coronavirus-business-support" target="_blank">https://www.businesssupport.gov.uk/coronavirus-business-support</a>.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 13/05/2020 14:55:23 answering member 4095 label Biography information for Steve Barclay
	tabling member	4764 label Biography information for Bell Ribeiro-Addy

1196070

	registered interest
	date	15/05/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pay: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure that (a) furloughed workers who are usually paid (i) variable salaries and (ii) tronc and (b) other furloughed workers receive a level of income at least equivalent to the minimum wage.
	tabling member constituency	Streatham
	tabling member printed	Bell Ribeiro-Addy
	uin	47458
	answer	answer is ministerial correction date of answer 21/05/2020 answer text <p>The National Minimum Wage (NMW) is calculated on the basis of hours worked, and furloughed workers will not be working any hours for their employer, although they will remain employed by them. Furloughed workers will be paid the lower of 80% of their salary or £2,500, even if, based on their usual working hours, this would be below the NMW. Employers can top up these payments voluntarily.</p><p> </p><p>The Government is also supporting people on low incomes who need to rely on the welfare system through a significant package of temporary measures. These include a £20 per week increase to the Universal Credit standard allowance and Working Tax Credit basic element, and a nearly £1bn increase in support for renters through increases to the Local Housing Allowance rates for Universal Credit and Housing Benefit claimants. These changes will benefit new and existing claimants. Anyone can check their eligibility and apply for Universal Credit by visiting <a href="https://www.gov.uk/universal-credit" target="_blank">https://www.gov.uk/universal-credit</a>.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 47504 question first answered 21/05/2020 20:15:25 answering member 3991 label Biography information for Jesse Norman
	tabling member	4764 label Biography information for Bell Ribeiro-Addy

1247336

	registered interest
	date	30/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Buildings: VAT
	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 the rate of VAT on refurbishment, repair and maintenance of buildings from 20 per cent to five per cent or below.
	tabling member constituency	Streatham
	tabling member printed	Bell Ribeiro-Addy
	uin	109672
	answer	answer is ministerial correction date of answer 09/11/2020 answer text <p>Reducing the rate of VAT on refurbishment, repair and maintenance of buildings from twenty per cent to five per cent would be very expensive. For example, such a rate for repair and renovations of buildings would cost the Exchequer approximately £4 billion per year. This would have to be balanced by a reduction in public spending, increased borrowing or increased taxation elsewhere. While the Government keeps all taxes under review, there are no plans to change the VAT treatment of the repair and renovation of buildings.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/11/2020 16:08:55 answering member 3991 label Biography information for Jesse Norman
	tabling member	4764 label Biography information for Bell Ribeiro-Addy