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1006003

	registered interest
	date	13/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Motorways: Speed Limits
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the news report entitled Raising motorway speed limit could boost economy, Treasury Minister says on Tory conference fringe, published by the Mirror in October 2018, whether the Chief Secretary's comments that raising the speed limit to 80 mph would increase national productivity represented Government policy.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	190758
	answer	answer is ministerial correction date of answer 21/11/2018 answer text <p>These comments did not represent current government policy. The government is committed to increasing national productivity, and is exploring transport’s full potential to enable this.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 21/11/2018 15:55:43 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	318 label Biography information for John Spellar

1061081

	registered interest
	date	14/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cars: Leasing and Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the value of current car loans and car-leasing schemes in the UK.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	221565
	answer	answer is ministerial correction date of answer 20/02/2019 answer text <p>On 1 April 2014, regulation of the consumer credit market, including high-cost lenders, was transferred to the Financial Conduct Authority (FCA).</p><p><strong> </strong></p><p>We have passed the Honourable Members question on to the FCA, who will reply directly by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/02/2019 15:31:51 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1087100

	registered interest
	date	12/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the interest rate charged by HMRC is on back taxes incurred through reassessment of loan charge schemes.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	231361
	answer	answer is ministerial correction date of answer 20/03/2019 answer text <p>Disguised Remuneration (DR) schemes are contrived arrangements that pay loans in place of ordinary remuneration, with the sole purpose of avoiding income tax and National Insurance contributions. The loans are provided on terms that mean they are not repaid in practice, so they are no different to normal income and are, and always have been, taxable.</p><p> </p><p>For both employers and individuals, late payment interest will be applied in the normal way, and is payable at the rates which are published by HMRC, currently 3.25%. However, where people settle with HMRC, and have taken reasonable care, they will not pay any penalties for inaccuracies on their tax returns.</p><p> </p><p>The charge on DR loans is expected to raise £3.2bn for the exchequer. The majority, 75%, is expected to come from employers rather than individuals. The best option for those individuals who are worried about the introduction of the charge on Disguised Remuneration loans is to come forward and speak to HMRC as soon as possible. They will work with all individuals to reach a manageable and sustainable payment plan wherever possible.</p><p> </p><p>HMRC has put special arrangements in place so that they are able to agree a payment plan of up to five years automatically for those with income below £50,000 and seven years for those with income below £30,000 where those scheme users are no longer engaging in tax avoidance. HMRC may be able to offer a longer payment plan for those that need more than five or seven years, or with income over £50,000, where further information is provided.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/03/2019 17:13:47 answering member 3935 label Biography information for Mel Stride
	tabling member	318 label Biography information for John Spellar

1088254

	registered interest
	date	13/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Foreign Companies: VAT
	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 prevent VAT evasion by overseas companies using internet platforms with fake VAT numbers.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	231905
	answer	answer is ministerial correction date of answer 21/03/2019 answer text <p>The government has led the way in tackling this complex and international problem. A package of measures were announced at Budget 2016 to disrupt and deter abuse by some overseas businesses selling goods to UK customers through online marketplaces. This included holding online marketplaces jointly liable for the future unpaid VAT of non-compliant overseas businesses, including where the overseas business uses a fake VAT number. These rules were extended in 2018 to require an online marketplace to display a valid VAT number for businesses on its platform if provided with one. Up to 31 December 2018, HMRC has issued 4,800 notices to online marketplaces notifying them of these non-compliant businesses resulting in their removal from those platforms.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 21/03/2019 14:49:34 answering member 3935 label Biography information for Mel Stride
	tabling member	318 label Biography information for John Spellar

1088727

	registered interest
	date	14/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Boilers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he had with (a) the Secretary of State for Business, Energy and Industrial Strategy, (b) the boiler manufacturing industry and (c) trade unions prior to his announcement on 13 March 2019 of a ban on gas boilers in new dwellings from 2025.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	232519
	answer	answer is ministerial correction date of answer 19/03/2019 answer text <p>As part of its preparations for Spring Statement, HM Treasury engages with a wide range of stakeholders and other government departments. The government will consult on the detail of the Future Homes Standard as part of its review of the Building Regulations energy efficiency standards in 2019, and input from stakeholders will be welcomed.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 19/03/2019 11:38:07 answering member 4320 label Biography information for Robert Jenrick
	tabling member	318 label Biography information for John Spellar

1091397

	registered interest
	date	19/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Boilers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, which stakeholders and other Government Departments he consulted with prior to his announcement of a ban on gas boilers in new dwellings from 2025.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	234098
	answer	answer is ministerial correction date of answer 25/03/2019 answer text <p>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, and the Future Homes Standard went through the usual approvals process for Spring Statement measures. 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 Newark answering member printed Robert Jenrick question first answered 25/03/2019 12:51:43 answering member 4320 label Biography information for Robert Jenrick
	tabling member	318 label Biography information for John Spellar

1135816

	registered interest
	date	01/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Juan Guaidó
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has taken steps to release assets held by the Bank of England to the Official Representative to the UK of interim Venezuelan President Juan Guaidó; and if he will make a statement.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	271357
	answer	answer is ministerial correction date of answer 08/07/2019 answer text <p>Assets held on behalf of foreign central banks are a matter for the Bank of England. HM Treasury only has direct control over the UK Government’s own holdings of gold within its official reserves, which are held at the Bank of England.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/07/2019 12:12:26 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1176741

	registered interest
	date	06/02/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts: China
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect of trends in the level of debt in China on the world financial system.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	13414
	answer	answer is ministerial correction date of answer 13/02/2020 answer text <p>As highlighted by several institutions, including the International Monetary Fund, there are material risks associated with indebtedness in China.</p><p> </p><p>The Financial Policy Committee of the Bank of England, which is responsible for monitoring risks to financial stability in the UK, reflected the risk of a severe recession in China, which would encompass factors such as its debt levels, in its 2019 stress tests of UK banks. The FPC concluded that the UK banking system would be resilient to this risk.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 13/02/2020 12:11:46 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1193671

	registered interest
	date	06/05/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	European Central Bank: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential effect on the (a) UK and (b) world economy of the decision of the German Constitutional Court on funding for the European Central Bank bailout package.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	43834
	answer	answer is ministerial correction date of answer 12/05/2020 answer text <p>HM Treasury regularly monitors global economic developments, including those in the euro area, and their impact on the UK as part of the normal process of policy development. It is not for the UK Government to comment on euro area monetary policy issues.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/05/2020 11:37:18 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1193672

	registered interest
	date	06/05/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	European Central Bank: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions (a) he, (b) Ministers in his Department and (c) officials in his Department have had with their counterparts in the German Finance Ministry on the decision of the German Constitutional Court on funding for the European Central Bank bailout package.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	43835
	answer	answer is ministerial correction date of answer 12/05/2020 answer text <p>HM Treasury Ministers and Officials regularly speak with their counterparts in Germany. We have been in regular touch regarding our respective countries' response to COVID-19 and will continue to work closely in the weeks to come. It is not for the UK Government to comment on euro area monetary policy issues.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/05/2020 11:38:29 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1196794

	registered interest
	date	18/05/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts: China
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 13 February 2020 to Question 13414 on Debts: China, whether his Department has made a revised assessment of that risk level since the answer was given.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	48268
	answer	answer is ministerial correction date of answer 27/05/2020 answer text <p>Recent data suggests that Chinese debt increased further in the first quarter of 2020, as the Covid-19 shock is pushing public and private borrowing even higher.</p><p>Several institutions, including the International Monetary Fund, raised concerns prior to the Covid-19 outbreak on the risks high levels of Chinese debt could pose to global financial stability. The Covid-19 shock is likely to exacerbate these risks.</p><p>In its interim Financial Stability Report published on 7 May 2020, the Bank of England’s Financial Policy Committee found that major UK banks should remain resilient to the Covid-19 shock to both UK and global economies, including China. HMT will continue to work alongside both the Bank of England and global institutions in monitoring the risks posed by Chinese indebtedness.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/05/2020 10:40:42 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1200614

	registered interest
	date	04/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Riot Control Weapons: USA
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the value was of (a) tear gas, (b) rubber bullets and (c) riot shields exported to the US in each of the last five years.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	54854
	answer	answer is ministerial correction date of answer 09/06/2020 answer text <p>HM Revenue &amp; Customs (HMRC) are responsible for the collection and publication of data on UK imports and exports of goods to and from the UK. HMRC release this information monthly, as a National Statistic: the Overseas Trade in Goods Statistics.</p><p><strong> </strong></p><p>The trade data collected does not enable HMRC to distinguish exports of tear gas from other spring, air or gas guns and pistols or truncheons. The trade data collected also does not enable HMRC to distinguish exports of rubber bullets from other ammunition and projectiles or riot shields from other plastic articles.</p><p> </p><p>However, there is aggregated trade data available for the goods and periods requested on the uktradeinfo website, under ‘Build your own data tables’. The site also contains a ‘Help’ function with information on how to extract trade data.</p><p> </p><p>Trade data relating to all spring, air and gas guns and pistols and truncheons exported to the US can be found using commodity code 9304000000. Trade data relating to the value of all ammunition and projectiles can be searched for using commodity code 9306909000. Trade data relating to riot shields and other plastic articles can be found using commodity code 3926909790.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/06/2020 12:17:31 answering member 3991 label Biography information for Jesse Norman
	tabling member	318 label Biography information for John Spellar

1201744

	registered interest
	date	09/06/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Treasury: Social Distancing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the effect of distanced working during the covid-19 lockdown on the proposals for the closure of local branches of his Department's offices.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	57080
	answer	answer is ministerial correction date of answer 17/06/2020 answer text <p>HMRC remain committed to their locations strategy of moving to regional centres and specialist sites. Timescales for some existing office closures are currently under review due to the impact of COVID-19 on the construction of some regional centres. As is always the case, if there are ways in which HMRC can improve how they deliver their vital public services then they will seek to implement those improvements. This includes reviewing how HMRC have been able to respond to COVID-19 and determining whether and how they might be able to sustain any changes to ways of working that are proven to lead to better outcomes for both HMRC and taxpayers.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/06/2020 13:16:33 answering member 3991 label Biography information for Jesse Norman
	tabling member	318 label Biography information for John Spellar

1221200

	registered interest
	date	06/07/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when he plans to reply to the letter of 3 April 2020 from the right hon. Member for Warley regarding Ms Foley.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	69426
	answer	answer is ministerial correction date of answer 14/07/2020 answer text <p>The letter the Rt Hon. Member for Warley refers to was passed to HM Revenue and Customs and a response was issued on 4 May 2020. HMRC have confirmed that a further copy of that reply was sent to the Rt Hon. Member on 8 July 2020.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 14/07/2020 13:36:05 answering member 3991 label Biography information for Jesse Norman
	tabling member	318 label Biography information for John Spellar

1241431

	registered interest
	date	07/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Money
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what his Department's policy is on the right of customers to pay in cash.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	100286
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>The Government recognises that cash remains important to millions of people across the UK, which is why it has committed to legislate to protect access to cash and to ensure that the UK’s cash infrastructure is sustainable long term.</p><p>The Government remains closely engaged with the financial regulators, including through the Treasury-chaired Joint Authorities Cash Strategy Group, to monitor and assess risks around cash relating to COVID-19. In order to help control the virus, all businesses and individuals are encouraged to follow the latest Government advice. To work safely during COVID-19, retailers have been recommended to minimise contact around transactions, for example, considering using contactless payments. However, it remains the individual retailer’s choice as to whether to accept or decline any form of payment, including cash or card.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2020 10:40:14 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1241432

	registered interest
	date	07/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insurance: Prices
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what plans he has to respond to the Financial Conduct Authority's report, General insurance pricing practices: Final report, published in September 2020.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	100287
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>Consumers should be able to get a fair deal when purchasing insurance. The FCA has set out proposals to deliver this in its report on General Insurance Pricing Practices. We are engaging with the regulator and the sector on next steps and will be interested in the outcome of the FCA’s consultation due in early 2021.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2020 10:37:57 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1259217

	registered interest
	date	08/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance Investigation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when he plans to publish the report by Dame Elizabeth Gloster on London Capital and Finance.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	126777
	answer	answer is ministerial correction date of answer 15/12/2020 answer text <p>As set out in a Written Ministerial Statement on 24 November the Treasury is working with the FCA so that the government can lay before Parliament (and publish online) Dame Elizabeth’s report and the FCA’s response before the December recess. This remains the government’s intention.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 15/12/2020 14:23:12 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1284160

	registered interest
	date	04/02/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Coronavirus
	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 equity of companies (a) maintaining or (b) increasing (i) dividends and (ii) management bonuses while receiving financial support during the covid-19 outbreak.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	149160
	answer	answer is ministerial correction date of answer 11/02/2021 answer text <p>The Government acted quickly to deliver an unprecedented package of support measures, well-targeted at businesses in genuine need. It is our expectation that everyone should act responsibly and in the spirit of the package, and only claim and use support as intended.</p><p> </p><p>Under the Coronavirus Large Business Interruption Loan Scheme (CLBILS), borrowers are required to restrict dividend payments and are only allowed to make dividends payments which were a) declared before the CLBILS loan was taken out, b) are in keeping with similar dividends payments made in the preceding 12 months, and c) do not have a material negative impact on the borrower’s ability to repay the loan. Firms borrowing more than £50m will be required to agree to defer dividend payments and share buybacks, alongside restrictions on pay and bonuses for senior management. These restrictions remain in place until the loan has been repaid.</p><p> </p><p>Additionally, Companies accessing the Covid Corporate Financing Facility (CCFF) beyond 19 May 2021, are required to defer capital distributions, pay rises and cash bonuses to senior management. The Government continues to keep all measures under constant review.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 11/02/2021 14:17:32 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1284162

	registered interest
	date	04/02/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance: Netherlands
	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 prevent companies funnelling profits into low tax subsidiaries in the Netherlands.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	149161
	answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The UK has led international efforts to tackle avoidance by multinationals, including through the OECD Base Erosion and Profit Shifting (“BEPS”) Project which looks at aggressive tax planning strategies that exploit tax rules to artificially shift profits to low tax jurisdictions where there is little or no economic activity.</p><p> </p><p>This international collaboration has led to the introduction of hybrid mismatch rules that prevent multinationals exploiting differences in the tax systems of different countries, a requirement for UK headed large businesses to provide HMRC with a country-by-country report, detailing their global profits, tax and assets to ensure they are paying the correct tax on all their UK activity, and a Corporate Interest Restriction that protects against companies using intra-group loans to shift profits overseas.</p><p> </p><p>Alongside these multilateral efforts are UK domestic rules that have complemented these changes.</p><p> </p><p>In April 2015, the UK Government introduced the Diverted Profits Tax (‘DPT’). DPT was designed to counter contrived arrangements used by multinational corporations to shift their profits offshore and avoid paying tax in the UK on their economic activities here.</p><p> </p><p>In January 2019 HMRC launched a new Profit Diversion Compliance Facility (‘PDCF’) to encourage businesses to stop diverting profits and pay what is due. About two-thirds of the large businesses targeted so far have decided to use the facility to bring their tax affairs up to date quickly and efficiently, enabling HMRC to focus even more resources on investigating businesses which continue to divert profits.</p><p> </p><p>Multinationals can often have complicated tax affairs and HMRC are determined to ensure that their profits are correctly attributed, and they are paying all the tax they owe.</p><p> </p><p>Additional information about HMRC’s work to tackle profit diversion by multinational companies is available on GOV.UK along with the most recent Transfer Pricing and Diverted Profits Tax statistics:</p><p> </p><p><a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020/tackling-profit-diversion-by-multi-national-companies" target="_blank">https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020/tackling-profit-diversion-by-multi-national-companies</a></p><p> </p><p><a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020" target="_blank">https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 13:51:40 answering member 3991 label Biography information for Jesse Norman
	tabling member	318 label Biography information for John Spellar

1293362

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	International Transport: Republic of Ireland
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the effectiveness of TIR procedures for vehicles crossing the UK from Ireland to travel onward to the EU since the end of the transition period.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	160526
	answer	answer is ministerial correction date of answer 09/03/2021 answer text <p>HMRC have not carried out any assessments of effectiveness of TIR procedures for vehicles crossing the UK.</p><p> </p><p>The UK is a member of both the Common Transit Convention (CTC) and Transports Internationaux Routiers (TIR) conventions. Depending on preferences and suitability, a trader can choose to use the TIR or CTC process to move goods across borders using transit.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/03/2021 14:15:31 answering member 3991 label Biography information for Jesse Norman
	tabling member	318 label Biography information for John Spellar

1308940

	registered interest
	date	14/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bitcoin: Electricity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what environmental impact assessment his Department has made of the electricity demand of Bitcoin mining.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	180918
	answer	answer is ministerial correction date of answer 23/04/2021 answer text <p>I refer the Hon. Member to the answer given on 14 April.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 23/04/2021 11:14:25 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	318 label Biography information for John Spellar

1309030

	registered interest
	date	14/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bitcoin: Electricity
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the environmental impact of the electricity demand of bitcoin mining will be on the COP26 agenda.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	180919
	answer	answer is ministerial correction date of answer 23/04/2021 answer text <p>The Government’s private finance objective for the upcoming COP26 climate change forum is to ensure that every professional financial decision takes climate change into account. The recovery from COVID-19 will determine the mitigation and adaptation pathways for decades to come.</p><p> </p><p>The finance campaign will provide the conditions for a future that is genuinely greener, more resilient and more sustainable than the past. Action on finance underpins all the other COP campaigns: adaptation and resilience, energy transition, nature and zero-emission vehicles. Without the right levels of finance, the rest is not possible.</p><p> </p><p>The Government has already taken action to ensure the UK is the world-leading centre for green finance including through announcing an intention to make disclosures aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) fully mandatory across the economy by 2025, making the UK the first country to do so.</p><p> </p><p>Additionally, the Government has committed to the implementation of a green taxonomy. This will allow us to accelerate our work towards a greener financial sector, by providing a common definition for environmentally sustainable economy activities.</p><p>The Cryptoasset Taskforce, comprising HM Treasury, the Financial Conduct Authority, and the Bank of England, considers the impact of cryptoassets and assesses what, if any, regulation is required in response. The Government stands ready to respond to emerging risks or changes in the market and will continue to monitor developments in cryptoassets.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 23/04/2021 11:15:49 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	318 label Biography information for John Spellar

1316417

	registered interest
	date	19/05/2021
	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, with reference to the Answer of 23 April 2021 to Question 180919 on Bitcoin: electricity, what his planned timescale is for providing a common definition for environmentally sustainable economy activities for (a) Bitcoin and (b) other crypto-currencies.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	3796
	answer	answer is ministerial correction date of answer 26/05/2021 answer text <p>The Cryptoasset Taskforce, comprising HM Treasury, the Financial Conduct Authority, and the Bank of England, considers the impact of cryptoassets and assesses what, if any, regulation is required in response. The Government stands ready to respond to emerging risks or changes in the market and will continue to monitor developments in cryptoassets.</p><p> </p><p>In November 2020, the Chancellor announced that the UK will implement a green taxonomy – a common framework for determining which activities can be defined as environmentally sustainable – which will improve understanding of the impact of firms’ activities and investments on the environment and support our transition to a sustainable economy. More details on the green taxonomy will be announced in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/05/2021 11:47:34 answering member 4051 label Biography information for John Glen
	tabling member	318 label Biography information for John Spellar

1505290

	registered interest
	date	06/09/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	England Illegal Money Lending Team: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will provide additional resources to the England Illegal Money Lending Team to tackle the threat of illegal money lending.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	48217
	answer	answer is ministerial correction date of answer 14/09/2022 answer text <p>The Government recognises the dangers of illegal money lending, and that is why the Treasury funds the Illegal Money Lending Teams (IMLTs) across the UK via an industry levy collected by the Financial Conduct Authority (FCA).</p><p> </p><p>Since taking over funding of the IMLTs in 2017, the Treasury has increased their annual funding by 37%. For the 2022/23 financial year, the Treasury increased funding for the England Illegal Money Lending Team by over 6% compared to 2021/22.</p><p> </p><p>HMT officials regularly meet the IMLTs to understand the latest intelligence and monitor how funding is being deployed. These discussions will inform decisions about the appropriate levels of funding for the next financial year.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 14/09/2022 16:31:49 answering member 4874 label Biography information for Andrew Griffith
	tabling member	318 label Biography information for John Spellar

1563740

	registered interest
	date	20/12/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Credit Rating
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the number of people who have (a) no credit record, (b) an insufficient credit record and (c) no recent credit history.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	114534
	answer	answer is ministerial correction date of answer 09/01/2023 answer text <p>The Government does not hold information on the number of people who have limited or no credit history on their credit files.</p><p> </p><p>However, the Financial Conduct Authority (FCA) recently published an interim report on its Credit Information Market Study, which may include information and insights relevant to this question. It can be found at: <a href="https://www.fca.org.uk/publications/market-studies/ms19-1-credit-information-market-study" target="_blank">https://www.fca.org.uk/publications/market-studies/ms19-1-credit-information-market-study</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 09/01/2023 14:01:29 answering member 4874 label Biography information for Andrew Griffith
	tabling member	318 label Biography information for John Spellar