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46855

	registered interest
	date	03/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will put arrangements in place to enable telephone callers to the Tax Credit Office in Preston to raise queries with an official rather than through the automatic telephone system.
	tabling member constituency	Walsall North
	tabling member printed	Mr David Winnick
	uin	195176
	answer	answer is ministerial correction date of answer 28/04/2014 answer text <p>The introduction of HMRC's Intelligent Telephony Automation (ITA) system has enabled HMRC to significantly reduce call handling and call waiting times and increase satisfaction.</p><p> </p><p>The speech recognition technology system reacts to what the caller says instead of selecting an option by pushing a button on their phone. ITA allows customers to say what they want to discuss when they telephone HMRC. For the majority of customers, this means their queries are answered by tailored informational messages, without the need to speak to an adviser. If a customer still wants to speak to someone, ITA ensures the adviser is already aware of the customer's reason for calling, offering a more effective customer service.</p><p> </p><p>This enables HMRC to offer a more efficient and tailored customer service and where necessary, give the customer extra support.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 28/04/2014 12:00:00 answering member 1529 label Biography information for Mr David Gauke
	tabling member	316 label Biography information for Mr David Winnick

479524

	registered interest
	date	17/03/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will arrange for HM Revenue and Customs to acknowledge or reply to the letter of 24 February 2016 from the hon. Member for Walsall North concerning a constituent.
	tabling member constituency	Walsall North
	tabling member printed	Mr David Winnick
	uin	31532
	answer	answer is ministerial correction date of answer 22/03/2016 answer text <p>HM Revenue and Customs replied to the hon. Member’s letter on 14 March 2016.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 22/03/2016 17:37:36 answering member 1529 label Biography information for Mr David Gauke
	tabling member	316 label Biography information for Mr David Winnick

578766

	registered interest
	date	08/09/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, when his Department plans to respond to the letter from the hon. Member for Walsall North of 17 August 2016 to the Director General, Benefits and Credits, on tax credits and Concentrix related to a constituency case.
	tabling member constituency	Walsall North
	tabling member printed	Mr David Winnick
	uin	45596
	answer	answer is ministerial correction date of answer 13/09/2016 answer text <p>HM Revenue and Customs replied to the hon. Member’s letter on 12<sup>th</sup> September 2016.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 13/09/2016 14:50:03 answering member 3918 label Biography information for Jane Ellison
	tabling member	316 label Biography information for Mr David Winnick

670067

	registered interest
	date	09/01/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, when the hon. Member for Walsall North will receive a reply to his letter of 28 November 2016 to the Chief Executive of the Valuation Office Agency, ref 11780517.1/CEO; and what the reasons are for the delay in responding to that letter.
	tabling member constituency	Walsall North
	tabling member printed	Mr David Winnick
	uin	59040
	answer	answer is ministerial correction date of answer 12/01/2017 answer text <p>The Valuation Office Agency (VOA) aims to respond to correspondence from Members within 15 working days of receipt, however certain cases may take longer. The VOA apologises for the delay in responding to the correspondence while they investigated the issues raised in the letter. The Chief Executive has sent a reply.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 12/01/2017 13:48:09 answering member 3918 label Biography information for Jane Ellison
	tabling member	316 label Biography information for Mr David Winnick

804333

	registered interest
	date	11/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what holdings of Bitcoin and other crypto-currencies are held by the Government.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	118575
	answer	answer is ministerial correction date of answer 19/12/2017 answer text <p>HM Treasury does not have any holdings of Bitcoin or other crypto-currencies. HM Treasury and the Bank of England publish details of the UK’s current international reserves, including foreign currency assets, on a monthly basis.</p> answering member constituency Harrogate and Knaresborough answering member printed Andrew Jones question first answered 19/12/2017 14:01:00 answering member 3996 label Biography information for Andrew Jones
	tabling member	4635 label Biography information for Eddie Hughes

804334

	registered interest
	date	11/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has been made of the risks to the UK economy of the potential failure of Bitcoin and other crypto-currencies.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	118577
	answer	answer is ministerial correction date of answer 19/12/2017 answer text <p>The independent Financial Policy Committee (FPC), established by the Government, aims to ensure the UK financial system is resilient to, and prepared for, the wide range of risks it could face — so that the system could support the real economy, even in difficult conditions.</p><p> </p><p>The Bank of England continues to monitor developments, and provided its latest assessment of the risks to financial stability in the Financial Stability Report, published in November 2017.</p><p> </p><p>In addition, the Financial Conduct Authority (FCA) has stated that it will continue to monitor distributed ledger technology (DLT)-related market developments, working collaboratively with industry, HM Treasury, the Bank of England, the Information Commissioner’s Office, and other UK bodies to ensure a coordinated approach towards DLT in the UK.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 19/12/2017 15:36:16 answering member 4095 label Biography information for Steve Barclay
	tabling member	4635 label Biography information for Eddie Hughes

804335

	registered interest
	date	11/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cryptocurrencies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has been made of the value to the UK economy of Bitcoin and other cryptocurrencies.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	118579
	answer	answer is ministerial correction date of answer 19/12/2017 answer text <p>The government has not made any formal assessment of the value to the UK of Bitcoin or other cryptocurrencies.</p><p> </p><p>The government is currently negotiating amendments to the European Anti-Money Laundering Directive which will extend regulation to virtual currency exchange platforms and custodian wallet providers. These amendments will enable competent authorities to ensure these firms are mitigating the risks regarding money laundering and terrorist financing, and enable the legitimate sector to grow. We expect these negotiations to conclude at EU level by early 2018, with a year for Member States to then implement the Directive.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 118581 question first answered 19/12/2017 14:05:17 answering member 4095 label Biography information for Steve Barclay
	tabling member	4635 label Biography information for Eddie Hughes

804336

	registered interest
	date	11/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Cryptocurrencies: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans his Department has to regulate the use of cryptocurrencies in the UK.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	118581
	answer	answer is ministerial correction date of answer 19/12/2017 answer text <p>The government has not made any formal assessment of the value to the UK of Bitcoin or other cryptocurrencies.</p><p> </p><p>The government is currently negotiating amendments to the European Anti-Money Laundering Directive which will extend regulation to virtual currency exchange platforms and custodian wallet providers. These amendments will enable competent authorities to ensure these firms are mitigating the risks regarding money laundering and terrorist financing, and enable the legitimate sector to grow. We expect these negotiations to conclude at EU level by early 2018, with a year for Member States to then implement the Directive.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 118579 question first answered 19/12/2017 14:05:17 answering member 4095 label Biography information for Steve Barclay
	tabling member	4635 label Biography information for Eddie Hughes

834762

	registered interest
	date	01/02/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Football: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of trends in the level of tax that professional football clubs have paid on player transfers in each of the last five years.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	126184
	answer	answer is ministerial correction date of answer 09/02/2018 answer text <p>The information requested cannot be provided as it is not collated centrally by HMRC. Football transfer fees are subject to VAT according to the normal rules. Any profits made by football clubs are subject to Corporation Tax in the usual way. Payments made to players as part of their transfer, such as signing-on fees, are taxable as earnings.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 09/02/2018 14:01:28 answering member 3935 label Biography information for Mel Stride
	tabling member	4635 label Biography information for Eddie Hughes

843877

	registered interest
	date	19/02/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Customs: Distributed Ledger Technology
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the merits of using distributed ledger technology for any new customs system after the UK leaves the EU.
	tabling member constituency	Walsall North
	tabling member printed	Eddie Hughes
	uin	128296
	answer	answer is ministerial correction date of answer 27/02/2018 answer text <p>HMRC are actively considering the use of distributed ledger technologies alongside other technical options for both tax and the Customs and Excise systems. The department is currently running a proof of concept exercise in support of one of their Customs initiatives and will provide further updates as this work progresses.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 27/02/2018 14:37:02 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	4635 label Biography information for Eddie Hughes