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100109

	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	Motor Vehicles: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount that will be saved by the non-issuing of vehicle excise discs.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	211358
	answer	answer is ministerial correction date of answer 28/10/2014 answer text <p>It has been a long standing feature that Vehicle Excise Duty licences are issued from the first day of each month. Licensing on a date other than the first of the month would add administrative complexity and cost to the tax system.</p><p> </p><p> </p><p> </p><p>As a consequence of the abolition of the tax disc, from 1 October 2014 there will be around 2.5 million motorists that will now receive automatic refunds upon selling their vehicle that would not have done so previously. The Tax Information and Impact Note published on 10 December 2013 estimated that the abolition of the tax disc would have no Exchequer revenue impact. We expect the revenue impact of the introduction of automatic refunds and the non-transferability of the vehicle licence to cancel each other out.</p><p> </p><p> </p><p> </p><p>The administrative cost savings from the abolition of the tax disc are estimated to be £13.8m per year as set out in the Impact Assessment published by the Driver and Vehicle Licensing Agency (DVLA) on 8 September 2014. These savings reflect the costs associated with producing, issuing and posting the tax disc.</p><p> </p><p> </p><p> </p> answering member constituency Witham answering member printed Priti Patel grouped question UIN 211359 211360 question first answered 28/10/2014 16:26:45 answering member 4066 label Biography information for Priti Patel
	tabling member	1200 label Biography information for Sir Greg Knight

100111

	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	Motor Vehicles: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount of additional revenue will be raised by the recent change to the law that results in both the vendor and the purchaser of a motor vehicle paying vehicle excise duty on that vehicle for the whole month in which it is sold.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	211360
	answer	answer is ministerial correction date of answer 28/10/2014 answer text <p>It has been a long standing feature that Vehicle Excise Duty licences are issued from the first day of each month. Licensing on a date other than the first of the month would add administrative complexity and cost to the tax system.</p><p> </p><p> </p><p> </p><p>As a consequence of the abolition of the tax disc, from 1 October 2014 there will be around 2.5 million motorists that will now receive automatic refunds upon selling their vehicle that would not have done so previously. The Tax Information and Impact Note published on 10 December 2013 estimated that the abolition of the tax disc would have no Exchequer revenue impact. We expect the revenue impact of the introduction of automatic refunds and the non-transferability of the vehicle licence to cancel each other out.</p><p> </p><p> </p><p> </p><p>The administrative cost savings from the abolition of the tax disc are estimated to be £13.8m per year as set out in the Impact Assessment published by the Driver and Vehicle Licensing Agency (DVLA) on 8 September 2014. These savings reflect the costs associated with producing, issuing and posting the tax disc.</p><p> </p><p> </p><p> </p> answering member constituency Witham answering member printed Priti Patel grouped question UIN 211358 211359 question first answered 28/10/2014 16:26:45 answering member 4066 label Biography information for Priti Patel
	tabling member	1200 label Biography information for Sir Greg Knight

820014

	registered interest
	date	10/01/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Motorways: Speed Limits
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much money has been raised by average speed cameras, installed on a temporary basis because of roadworks on motorways in England during the last 12 months for which figures are available.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	122086
	answer	answer is ministerial correction date of answer 19/01/2018 answer text <p>All revenue generated from speed cameras – through fixed penalty notices issued by local police forces or speeding fines issued by the courts are transferred into the Consolidated Fund, which is regarded as central Government’s current account. Fines are considered a tax-type revenue and Government departments and their agencies are legally obliged to surrender these receipts to the Treasury. Revenue surrendered to this account is usually transferred in bulk and not ring-fenced for any specific area of government spending but will be used towards general government expenditure. This includes Supply payments to government departments which are drawn from the Consolidated Fund in line with amounts voted by Parliament to finance their net expenditure. As a result, we are unable to provide the information you have requested.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/01/2018 10:30:48 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1200 label Biography information for Sir Greg Knight

1544815

	registered interest
	date	23/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Remote Working
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and proportion of people were working from home (a) one, (b) two, (c) three, (d) four and (e) five days a week (i) as of 16 November 2022 and (ii) in November 2021; if he will make an assessment of the potential impact of trends in the number of people working from home on the economy; and if he will make a statement.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	94692
	answer	answer is ministerial correction date of answer 28/11/2022 answer text According to ONS Annual Population Survey and Opinions and Lifestyle Survey data, the pandemic resulted in an increase in the proportion of workers that worked at least partially from home: from an average of 19 per cent of workers across 2019 to a peak of around 50 per cent in June 2020. This proportion fell to 30 per cent in November 2021. The latest data indicates that 38 per cent of workers were working at least partly from home in the period between 26 October and 6 November 2022.<p> </p>The long-term economic impacts of greater remote working are still highly uncertain. The Government is committed to supporting individuals and businesses to work flexibly. answering member constituency South Suffolk answering member printed James Cartlidge question first answered 28/11/2022 16:16:14 answering member 4519 label Biography information for James Cartlidge
	tabling member	1200 label Biography information for Sir Greg Knight

167305

	registered interest
	date	02/12/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent assessment his Department has made of the level of unauthorised overdraft fees charged by banks in the UK.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	216762
	answer	answer is ministerial correction date of answer 09/12/2014 answer text <p>The Government has not made an assessment of the level of unauthorised overdraft fees charged by banks in the United Kingdom.</p><p> </p><p> </p><p> </p><p>In November 2011, the Government announced an agreement with the major current account providers to enable customers to control their account and to take action to avoid unarranged overdraft charges.</p><p> </p><p> </p><p> </p><p>The Office of Fair Trading found in January 2013 that there had been a significant reduction in bank fees and charges since their 2008 market study, and estimated that there had been an annual saving of £928million for consumers as a result.</p><p> </p><p> </p><p> </p><p>On 6 November 2014, the Competition and Markets Authority (CMA) announced its decision to launch an in-depth market investigation into the supply of retail banking services to personal current account customers and to small and medium-sized enterprises in the UK. The CMA have indicated that they will obtain information and analyse the level of transparency in relation to pricing including on penalty charges, quality and service across banks.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 09/12/2014 16:59:24 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1200 label Biography information for Sir Greg Knight

1387844

	registered interest
	date	14/12/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Evasion: Cryptocurrencies
	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 adequacy of the existing HMRC enforcement regime with regards to tax evasion using cryptocurrencies; and if he will make a statement.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	92829
	answer	answer is ministerial correction date of answer 05/01/2022 answer text <p>Cryptoassets present unique challenges to HMRC as they can be easily acquired and transferred, including across borders, but do not usually record the identity of their owners.</p><p> </p><p>HMRC has used powers provided by Parliament to gather information from cryptoasset exchanges. HMRC has written to customers where data shows they own, or have owned, cryptoassets. They have advised them of the tax consequences of common transactions.</p><p> </p><p>HMRC also applies traditional enforcement approaches, such as enquiring into tax returns.</p><p> </p><p>The UK continues to work with international partners, including multinational organisations such as the Organisation for Economic Co-operation and Development, to cooperate, share information, and develop responses.</p><p> </p><p>The majority of individuals and businesses wish to pay the tax that is due, and the Government wants to help them get their tax affairs right. HMRC has published guidance on the taxation of cryptoassets, which is among the most detailed guidance released by any tax administration, on what is a complex topic.</p><p> </p><p>HMRC has developed its capability to deal with risks arising from cryptoassets through the development of in-house training and the use of blockchain forensic tools.</p><p> </p><p>HMRC will continue to actively monitor the compliance risks as this technology develops and the uses and users of cryptoassets change.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 05/01/2022 14:15:05 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1200 label Biography information for Sir Greg Knight

1437132

	registered interest
	date	01/03/2022
	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 assessment he has made of the potential impact of the use of cryptocurrencies on tax receipts to his Department.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	132171
	answer	answer is ministerial correction date of answer 07/03/2022 answer text <p>The Government is committed to retaining its global leadership position in fintech and to creating a regulatory environment that allows people to use innovative technologies reliably and safely, while protecting against the risks of them being exploited by criminals.</p><p> </p><p>Businesses trading in or using cryptoassets are taxed on their trading profits. Where a person realises Chargeable Gains from increases in the value of cryptoassets, Capital Gains Tax (CGT) or Corporation Tax on Chargeable Gains may be due. If CGT applies, only Chargeable Gains above the Annual Exempt Amount are taxed.</p><p> </p><p>Cryptoassets can be easily acquired and transferred, including across borders, and while the blockchain provides a transparent and immutable record of transactions, it does not usually record the identity of the owners of cryptoassets. HMRC has developed its capability to take advantage of opportunities that the blockchain offers for forensic compliance work in order to identify those that have failed to declare their gains. HMRC continues to actively monitor the compliance risks as the use of cryptoassets develops.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 07/03/2022 16:02:42 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1200 label Biography information for Sir Greg Knight

1464258

	registered interest
	date	18/05/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Events Industry: 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 in this financial year of what impact the current level of VAT being levied on ticket sales for cultural events is having on that industry; if he will make an assessment of the potential merits of reducing the VAT level thereon; and if he will make a statement.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	4489
	answer	answer is ministerial correction date of answer 24/05/2022 answer text VAT has been designed as a broad-based tax on consumption and the twenty per cent standard rate applies to the vast majority of goods and services, including tickets for cultural events. While there are exceptions to the standard rate, these have always been strictly limited by both legal and fiscal considerations. The Government keeps all taxes under review, but there are no plans to change the current VAT treatment on ticket sales.<p> </p><p>Tickets were within the scope of the temporary reduced rate of VAT for hospitality and tourism, which was introduced on 15 July 2020 to support the cash flow and viability of around 150,000 businesses and protect over 2.4 million jobs during the Coronavirus pandemic. This relief ended on 31 March 2022. It is right that as Coronavirus restrictions were lifted and demand for goods and services in these sectors increased, the temporary tax reliefs were first reduced and then removed in order to rebuild and strengthen the public finances.</p><p> </p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 24/05/2022 12:59:31 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1200 label Biography information for Sir Greg Knight

1134573

	registered interest
	date	25/06/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing: Rural Areas
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor for the Exchequer, what discussions he has had with banks on the potential effect on rural communities of the removal of free cash machines from high streets.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	268990
	answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Government-established Payment Systems Regulator (PSR) is closely monitoring developments in ATM provision. The PSR regulates LINK, the scheme which runs the UK’s ATM network, and has used its powers to hold LINK to account over LINK’s commitments to preserve the broad geographic spread of the ATM network.</p><p> </p><p>LINK has put in place specific arrangements to protect free-to-use ATMs more than 1 kilometre away from the next nearest free-to-use ATM. LINK has also enhanced its Financial Inclusion Programme, increasing the funding available for free ATMs in the most remote rural and deprived areas of the UK.</p><p> </p><p>The wider banking and finance industry is committed to helping local communities identify and secure appropriate free access to cash for customers. Regarding specific discussions, Treasury Ministers and Officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/07/2019 15:28:36 answering member 4051 label Biography information for John Glen
	tabling member	1200 label Biography information for Sir Greg Knight

1346349

	registered interest
	date	13/07/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to help ensure that (a) vulnerable people, (b) the elderly and (c) people living in rural areas continue to have access to cash.
	tabling member constituency	East Yorkshire
	tabling member printed	Sir Greg Knight
	uin	32286
	answer	answer is ministerial correction date of answer 19/07/2021 answer text <p>The Government recognises that cash is important to the daily lives of millions of individuals and businesses across the UK, including those who may be in vulnerable groups, elderly or living in rural areas.</p><p> </p><p>Therefore, the Government has committed to protecting access to cash for those who need it and ensuring that the UK's cash infrastructure is sustainable for the long term.</p><p> </p><p>The Government made legislative changes via the Financial Services Act 2021 to support the widespread offering of cashback without a purchase, which will allow shops and other businesses to offer a new form of cash withdrawal service to local communities.</p><p> </p><p>On 1 July, the Government published a consultation on broader legislative proposals to protect access to cash. These proposals seek to ensure that people only need to travel reasonable distances to pay in or take out cash, and that the right regulatory oversight for cash access is in place for the future. The consultation is available at: https://www.gov.uk/government/consultations/access-to-cash-consultation</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/07/2021 08:30:37 answering member 4051 label Biography information for John Glen
	tabling member	1200 label Biography information for Sir Greg Knight