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1176731

	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	Cash Dispensing
	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 access to cash is maintained in (a) Brighton and Hove and (b) England.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	13551
	answer	answer is ministerial correction date of answer 11/02/2020 answer text <p>The Government is committed to supporting digital payments while safeguarding access to cash for those who need it across the UK.</p><p> </p><p>To support this, the Government has launched the Joint Authorities Cash Strategy (JACS) Group – which is chaired by HM Treasury and brings together the Payment Systems Regulator, Financial Conduct Authority and Bank of England – to ensure a comprehensive oversight of the UK’s overall cash infrastructure.</p><p> </p><p>The Government-established Payment Systems Regulator regulates LINK, the scheme that runs the UK’s largest ATM network, and is holding LINK to account over their commitments to maintain the broad geographic spread of free-to-use ATMs.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/02/2020 15:28:56 answering member 4051 label Biography information for John Glen
	tabling member	4505 label Biography information for Peter Kyle

1174911

	registered interest
	date	30/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when his Department plans to respond to the Office for Tax Simplification’s Review, Taxation and Life Events: Simplifying tax for individuals, published 10 October 2019.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	10421
	answer	answer is ministerial correction date of answer 04/02/2020 answer text <p>The OTS undertook the review of ‘Taxation and Life Events’ as an own initiative review.</p><p> </p><p>Officials will continue to consider the recommendations made in ‘Taxation and Life Events’ carefully.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 04/02/2020 11:47:24 answering member 3991 label Biography information for Jesse Norman
	tabling member	4505 label Biography information for Peter Kyle

1174914

	registered interest
	date	30/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Child Benefit
	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 implications for his policies of the Office for Tax Simplification recommendation in its October 2019 publication, Taxation and Life Events: Simplifying tax for individuals, to review the administrative arrangements linked to the operation of Child Benefit.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	10422
	answer	answer is ministerial correction date of answer 04/02/2020 answer text <p>The Government has always urged parents to claim Child Benefit, in order to receive the associated National Insurance credits and help protect their future right to the State Pension. Parents are advised to do this on the Child Benefit claim form which is included in information packs that go to new parents, through the HMRC helpline, online at GOV.UK, and through partners such as Citizens Advice.</p><p> </p><p>Since April 2019 the Child Benefit claim form and accompanying notes have been updated, with a prominent message on the front page to help people make a decision on whether they should claim and be paid Child Benefit, and to explain the importance of claiming even if they opt not to receive payments.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 04/02/2020 17:04:47 answering member 3991 label Biography information for Jesse Norman
	tabling member	4505 label Biography information for Peter Kyle

1145767

	registered interest
	date	25/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal savings: Fees and charges
	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 merits of capping (a) all charges, (b) custody charges and (c) transfer charges on (i) SIPPs and (ii) ISAs.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	291041
	answer	answer is ministerial correction date of answer 30/09/2019 answer text <p>Government and regulators have undertaken a range of initiatives in relation to charges on investment products.</p><p> </p><p>The Financial Conduct Authority (FCA) has conducted an extensive market study into the asset management sector, including the examination of costs and charges. They have introduced a range of remedies to address the issues they found. In particular, the FCA have strengthened and clarified the duty on managers of investment funds to act in the best interests of their investors. New rules will require asset managers to assess the value for money of each fund against a non-exhaustive list of prescribed elements, including whether charges are reasonable in relation to the costs incurred in delivering the service, and the quality of the service provided. The managers must conclude that each fund offers good VfM or take corrective action if it does not and explain the assessment annually in a report made available to the public.</p><p>The FCA also identified concerns that charges might not always be visible to investors and that investors might not pay sufficient attention to charges or understand what they represent. In response, the FCA introduced a single all-in fee to increase the visibility of all charges taken from the fund and impose more discipline on overspend relative to charging estimates.</p><p> </p><p>The FCA has also considered the role of charges as part of its work on competition in non-workplace pensions, including self-invested pension plans (SIPPs). They found that charges in this market are often too complex for consumers to be able to compare and that similar customers can pay very different charges. The FCA concluded that it would not be appropriate to recommend direct price intervention such as a cap at this stage, but it is considering next steps in the context of its upcoming work on driving value for money across the pensions sector. The FCA’s Feedback Statement on this topic is seeking views on what remedies would be appropriate and will close in October 2019.</p><p> </p><p>Early exit charges were banned or capped in personal pension schemes, including SIPPs, from March 2017. Information obtained by the FCA and the Pensions Regulator (TPR) showed that early exit charges presented a barrier to accessing the pension freedoms for a significant minority of people in personal and occupational pension schemes. Following consultation, the Government took steps to remove these barriers by capping early exit charges at 1% for existing scheme members and banning them for new members.</p><p> </p><p>The charges imposed in respect of investments held within Stocks and Shares ISAs are a matter for individual ISA managers. ISA managers must allow investors to transfer existing Stocks and Shares ISAs to an alternative manager.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/09/2019 12:36:59 answering member 4051 label Biography information for John Glen
	tabling member	4505 label Biography information for Peter Kyle

1143127

	registered interest
	date	02/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Solar Power: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if the Government will make an assessment of the potential merits of exempting solar panels from VAT.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	284792
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>There may be flexibility to amend VAT rules on solar panels in the future, but while the UK is a member of the EU, it is required to comply with EU VAT rules.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 13:12:45 answering member 3991 label Biography information for Jesse Norman
	tabling member	4505 label Biography information for Peter Kyle

1143130

	registered interest
	date	02/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Buildings: Solar Power
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what his policy is on making solarized buildings eligible for business rates relief.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	284795
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government is continuing to support the take up of solar panels by maintaining the business rates exemption for solar power generating equipment of less than 50kW, between the time of its installation and the next business rates revaluation.</p><p> </p><p>Where energy generated is not for self-consumption, solar panels benefit from the tools of the trade exemption and are not rateable.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 13:15:25 answering member 3991 label Biography information for Jesse Norman
	tabling member	4505 label Biography information for Peter Kyle

1143204

	registered interest
	date	02/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	High Income Child Benefit Tax Charge
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what feedback he has received from families affected by the High Income Child Benefit Charge.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	284878
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government introduced the High Income Child Benefit Charge (HICBC) from January 2013 to ensure that support is targeted at those who need it most. It applies to anyone with an individual income over £50,000, who claims Child Benefit or whose partner claims it, regardless of the make-up of their household.</p><p>HM Revenue and Customs (HMRC) continue to consider ways in which they can improve communications to raise awareness of HICBC. HMRC recently undertook external research and used the findings to make changes to their guidance and communications on HICBC. They also improved the Child Benefit claim form to make clearer what choices people have on HICBC when they claim the benefit.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/09/2019 14:28:27 answering member 3991 label Biography information for Jesse Norman
	tabling member	4505 label Biography information for Peter Kyle

1138429

	registered interest
	date	11/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Older People and Vulnerable Adults
	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 banks provide sufficient support to elderly and vulnerable customers to access their services.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	276248
	answer	answer is ministerial correction date of answer 16/07/2019 answer text <p>The Government believes that everyone, wherever they live and especially the most vulnerable, should have access to essential banking services. Since 2017, the Post Office has had an agreement with the main high street banks, which enables 99% of personal banking customers and 95% of SME banking customers to carry out their everyday banking at any one of their 11,500 branches across the UK. The Government has invested over £2bn in the Post Office since 2010 to protect and maintain the network.</p><p>The Government also believes that having a bank account is key to enabling people to manage their money on a day-to-day basis effectively, securely and confidently. The nine largest personal current account providers in the UK must offer basic bank accounts to customers who do not have a bank account or who are not eligible for a bank's standard current account.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 276249 question first answered 16/07/2019 10:34:10 answering member 4051 label Biography information for John Glen
	tabling member	4505 label Biography information for Peter Kyle

1138430

	registered interest
	date	11/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: Older People and Vulnerable Adults
	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 banking services are accessible to (a) elderly customers, (b) vulnerable customers and (c) customers without internet access.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	276249
	answer	answer is ministerial correction date of answer 16/07/2019 answer text <p>The Government believes that everyone, wherever they live and especially the most vulnerable, should have access to essential banking services. Since 2017, the Post Office has had an agreement with the main high street banks, which enables 99% of personal banking customers and 95% of SME banking customers to carry out their everyday banking at any one of their 11,500 branches across the UK. The Government has invested over £2bn in the Post Office since 2010 to protect and maintain the network.</p><p>The Government also believes that having a bank account is key to enabling people to manage their money on a day-to-day basis effectively, securely and confidently. The nine largest personal current account providers in the UK must offer basic bank accounts to customers who do not have a bank account or who are not eligible for a bank's standard current account.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 276248 question first answered 16/07/2019 10:34:10 answering member 4051 label Biography information for John Glen
	tabling member	4505 label Biography information for Peter Kyle

1126946

	registered interest
	date	15/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	London Capital & Finance: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the terms of reference are for the investigation by the Financial Conduct Authority into the failure of London Capital & Finance.
	tabling member constituency	Hove
	tabling member printed	Peter Kyle
	uin	254850
	answer	answer is ministerial correction date of answer 20/05/2019 answer text <p>Further details of this investigation will be published shortly.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 254851 254852 question first answered 20/05/2019 15:59:43 answering member 4051 label Biography information for John Glen
	tabling member	4505 label Biography information for Peter Kyle