Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

870281

	registered interest
	date	23/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Trade Barriers
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how they intend to protect the economy from the effects of any trade war, following the UK's withdrawal from the EU.
	tabling member printed	Viscount Waverley
	uin	HL6615
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The UK is a global advocate for free trade and continues to work with global partners and as part of multilateral discussions at the WTO to tackle protectionism and protectionist measures.</p><p> </p><p>When the UK leaves the EU, we will play a full part in promoting compliance with the rules-based trading system and, if necessary, make use of the WTO’s dispute resolution procedures in defence of our national interests.</p><p> </p><p>As part of preparations for the UK’s exit from the EU, we are also committed to creating a trade remedies framework which is able to react efficiently and effectively to tackle unfair trade where necessary.</p> answering member printed Lord Bates question first answered 29/03/2018 14:57:07 answering member 1091 label Biography information for Lord Bates
	tabling member	1744 label Biography information for Viscount Waverley

868225

	registered interest
	date	20/03/2018
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	UNRWA
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what action they are taking to support the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in its work and to address its current financial crisis; and what representations they have made to the government of the United States following that government's decision to withhold more than half its funding to UNRWA in 2018.
	tabling member printed	The Marquess of Lothian
	uin	HL6497
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The UK remains unequivocally committed to supporting the UN Relief and Works Agency for Palestine Refugees (UNRWA), and has so far provided around £50 million in 2017/18 to help the Agency provide key services to Palestinian refugees across the region including basic education and health. On 15 March 2018 the Minister of State for the Middle East and North Africa, Alistair Burt, announced that the UK has offered to deliver its next round of financial support earlier than originally planned, to help alleviate the pressure that UNRWA is currently facing. Minister Burt has spoken to United States (US) counterparts to discuss how best to ensure the sustainable delivery of UNRWA’s services, and UK officials are also in discussion with US representatives.</p> answering member printed Lord Bates question first answered 29/03/2018 15:55:03 answering member 1091 label Biography information for Lord Bates
	tabling member	259 label Biography information for The Marquess of Lothian

868247

	registered interest
	date	20/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation: Standards
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their estimate of the cost to the UK economy of the universal application of the Common Reporting Standards and consequent obligations on individuals, entities and controlling persons to complete tax residency self-certification forms, including for multiple institutions.
	tabling member printed	Lord Vinson
	uin	HL6519
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6520 HL6521 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

868248

	registered interest
	date	20/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their estimate of the costs to (1) banks, (2) insurance companies, (3) charities, and (4) other financial institutions, of the universal application of the Common Reporting Standards and consequent obligations on individuals, entities and controlling persons to complete tax residency self-certification forms, including for multiple institutions.
	tabling member printed	Lord Vinson
	uin	HL6520
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6519 HL6521 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

868249

	registered interest
	date	20/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their estimate of the number of tax residency self-certification forms completed by (1) individuals, (2) entities, and (3) controlling persons, since the introduction in the UK of the Common Reporting Standards; and how many such forms they estimate will be completed annually in future.
	tabling member printed	Lord Vinson
	uin	HL6521
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6519 HL6520 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
	tabling member	1807 label Biography information for Lord Vinson

864520

	registered interest
	date	15/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Foreign Companies: USA
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the impact of taxing the revenue from large United States technology companies operating and investing in the UK, and in particular, on investment by such companies in the UK.
	tabling member printed	Lord Taylor of Warwick
	uin	HL6421
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The government has set out its receptiveness to exploring interim measures with like-minded countries, such as a tax on revenues, to tax certain digital businesses which generate value from UK users. Any such tax would be designed to compensate for unrecognised user-created value pending wider reform of the international corporate tax system. The effects of any such tax would depend on its scope, rate and detailed design.</p> answering member printed Lord Bates question first answered 29/03/2018 14:41:50 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

864521

	registered interest
	date	15/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cash Dispensing
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the effect of LINK’s proposed cut in ATM funding, with particular regard to the impact on local high streets.
	tabling member printed	Lord Taylor of Warwick
	uin	HL6422
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry, including LINK, to ensure that it is maintained.</p><p>The Government established the Payment Systems Regulator (PSR) in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users.</p><p>As part of this, the PSR is monitoring developments within ATM provision. The PSR recently commissioned work to understand the impact on the provision of free-to-use ATMs that a reduction in interchange fees may have. They have also set out three requirements of LINK: that LINK must maintain the current geographical spread of ATMs; that any changes made to interchange fees must be incremental to allow LINK to monitor the impact and take action if the impact is not as expected; and for a greater focus on LINK’s financial inclusion programme, to continue to fill gaps in the network. The PSR has committed to using its powers to act should LINK behave in a way that conflicts with its statutory objectives. The PSR has recently published a summary of their work to date, which can be found on their website.</p><p>Following the publication of these three criteria, LINK committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. To do this, LINK will bolster its Financial Inclusion Programme, which ensures the provision of ATMs in certain areas where demand would not otherwise make one viable. LINK will also protect all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM, and ensure that any community that loses ATM access because of a branch closure has a free ATM provided.</p><p>Furthermore, LINK will do an annual review the impact of the interchange fee reduction as it is phased in over the next four years. In addition, LINK will set up publicly available monitoring on its website of every area of the country showing free ATM availability, and highlight any areas where free ATM availability is lost.</p> answering member printed Lord Bates question first answered 29/03/2018 14:23:59 answering member 1091 label Biography information for Lord Bates
	tabling member	1796 label Biography information for Lord Taylor of Warwick

868233

	registered interest
	date	20/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions: Older People
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue they estimate would be raised if a national insurance charge of one per cent were applied to the employment, pension, savings, and rental income of those over retirement age, assuming the same national insurance allowance as for those below retirement age.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL6505
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The revenue raised from increasing Class 1 national insurance rates on employment income by 1% may be approximated using the “Direct effects of illustrative tax changes”<sup>1</sup>.</p><p> </p><p>This shows the yield from a change in the Class 1 employee main rate by 1 percentage point and the Class 1 employee additional rate by 1 percent point in 2018-19 through to 2020-21.</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>(£m)</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td><td><p><strong>2020-21</strong></p></td></tr><tr><td><p><strong>Change Class 1 employee main rate by 1 percent point</strong></p></td><td><p>4050</p></td><td><p>4200</p></td><td><p>4300</p></td></tr><tr><td><p><strong>Change Class 1 employee additional rate by 1 percent point</strong></p></td><td><p>890</p></td><td><p>910</p></td><td><p>940</p></td></tr></tbody></table><ol><li><strong>Extract of the table as published at the following address: </strong><a href="https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes</a></li></ol><p><strong> </strong></p>An estimate of the impact of introducing a NICs charge for those over state pension age or a surcharge for those below state pension age on rental, savings, and pensions income is not available. National Insurance is not currently payable on these income streams and therefore a number of policy design decisions would need to be taken in order to estimate how much would be raised from introducing such a charge. answering member printed Lord Bates question first answered 29/03/2018 16:01:14 answering member 1091 label Biography information for Lord Bates
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

868234

	registered interest
	date	20/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	National Insurance Contributions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue they estimate would be raised if a national insurance surcharge of one per cent were applied to the employment, rental, savings, and pensions income of those below retirement age.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL6506
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The revenue raised from increasing Class 1 national insurance rates on employment income by 1% may be approximated using the “Direct effects of illustrative tax changes”<sup>1</sup>.</p><p> </p><p>This shows the yield from a change in the Class 1 employee main rate by 1 percentage point and the Class 1 employee additional rate by 1 percent point in 2018-19 through to 2020-21.</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>(£m)</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td><td><p><strong>2020-21</strong></p></td></tr><tr><td><p><strong>Change Class 1 employee main rate by 1 percent point</strong></p></td><td><p>4050</p></td><td><p>4200</p></td><td><p>4300</p></td></tr><tr><td><p><strong>Change Class 1 employee additional rate by 1 percent point</strong></p></td><td><p>890</p></td><td><p>910</p></td><td><p>940</p></td></tr></tbody></table><ol><li><strong>Extract of the table as published at the following address: </strong><a href="https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes</a></li></ol><p><strong> </strong></p>An estimate of the impact of introducing a NICs charge for those over state pension age or a surcharge for those below state pension age on rental, savings, and pensions income is not available. National Insurance is not currently payable on these income streams and therefore a number of policy design decisions would need to be taken in order to estimate how much would be raised from introducing such a charge. answering member printed Lord Bates question first answered 29/03/2018 14:45:32 answering member 1091 label Biography information for Lord Bates
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

864512

	registered interest
	date	15/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Brexit
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their response to reports that industry representatives in the UK have been asked by Her Majesty's Government to sign non-disclosure agreements before meetings with HM Treasury relating to the UK's departure from the EU.
	tabling member printed	Lord Kinnock
	uin	HL6413
	answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The government believes that businesses from across the UK have an important role to play in the policymaking process.</p><p> </p><p>It is standard practice for the Government to use Non-Disclosure Agreements when appropriate. Non-Disclosure Agreements with industry representatives are crucial to open exchange of information on options and scenarios. They ensure that planning, negotiations and decisions are based on what is achievable and in the best interests of the UK when we leave the EU.</p> answering member printed Lord Bates question first answered 29/03/2018 14:25:23 answering member 1091 label Biography information for Lord Bates
	tabling member	693 label Biography information for Lord Kinnock