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224414

registered interest
date	02/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department has taken to boost the growth of the financial technology industry.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	225806
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>As part of our long term economic plan, the Government is committed to supporting the continued growth of the Financial Technology (FinTech) sector. The Government has taken a number of steps to achieve this, including:</p><p> </p><p> </p><p> </p><ul><li><p>Creating a new Payments Systems Regulator (PSR), which will ensure that smaller banks and alternative providers of finance – including FinTechs – can access payment systems in a fair and transparent way, and thereby contributing to a fairer and more competitive payments industry. The PSR will open its doors on 1 April this year.</p><p> </p></li><li><p>Committing to additional funding of £100m to the British Business Bank’s Investment Programme – including funding for FinTech.</p><p> </p></li><li><p>Launching the GO-Science’s Blackett Review on FinTech Futures, which looks ahead 10 years to the future and identify what the technologies, enablers and barriers are that will shape the future of the UK FinTech sector.</p><p> </p></li></ul><p> </p><ul><li><p>Naming the big banks that will have to share credit data, and refer on SMEs they reject for finance – helping alternative finance providers, including FinTech firms, to lend more effectively;</p></li></ul><p> </p><p> </p><p> </p><ul><li><p>Supporting the development of the peer-to-peer lending and crowdfunding market: consulting on ISA eligibility for crowdfunded debt securities; announcing we will review EU regulations standing in the way of P2P institutional lending; and creating a bespoke regulatory framework for P2P.</p><p> </p></li></ul><p> </p><p>Most recently at budget 2015, we announced a further package of measures to build on the government’s wide-reaching programme of reform to drive competition in banking and FinTech, including announcing that:</p><p> </p><ul><li><p>The Government intends to apply anti-money laundering regulation to digital currency exchanges in the UK, launch a new research initiative into digital currency technology, with £10 million additional funding, and work with the British Standards Institution and the digital currency industry to develop voluntary standards for consumer protection.</p><p> </p></li><li><p>Gocompare will launch the first personal current account comparison tool making use of customers’ bank midata releases on 26 March 2015.</p><p> </p></li><li><p>The Government will work with the banks and FinTech firms to develop an open API (Application Programming Interface) standard for banks, by the end of the year.</p></li></ul><p> </p><p> </p><p> </p><ul><li><p>the Financial Conduct Authority’s (FCA) ‘Project Innovate’ will work with HMT and the Prudential Regulation Authority (PRA) to investigate the feasibility of developing a regulatory ‘sandbox’ for financial services innovators</p><p> </p></li><li><p>Innovate Finance has agreed to deliver its FinTech regional strategy through a series of local partnerships; the first partnership has already been established in Leeds, and further partnerships will be established in Manchester and Edinburgh by April, and in Newcastle, Bristol and other centres before the end of the year.</p></li></ul><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 11:07:37 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1586 label Biography information for Adam Afriyie

224418

registered interest
date	02/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Remploy
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 26 February 2015 to Question 224963, on which dates since May 2010 Ministers in his Department met a former Remploy employee.
tabling member constituency	Airdrie and Shotts
tabling member printed	Pamela Nash
uin	225889
answer	answer is ministerial correction date of answer 09/03/2015 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.</p><p> </p><p> </p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:</p><p> </p><p><a href="http://www.hm-treasury.gov.uk/minister_hospitality.htm" target="_blank">http://www.hm-treasury.gov.uk/minister_hospitality.htm</a>.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 09/03/2015 17:03:53 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3909 label Biography information for Pamela Nash

224127

registered interest
date	27/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Markets
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make representations to the Bank of England and the Financial Conduct Authority to encourage them to take sustainability issues into account in the regulatory frameworks governing financial markets.
tabling member constituency	Stoke-on-Trent North
tabling member printed	Joan Walley
uin	225717
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The Bank of England, its subsidiary the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA) operate independently within the statutory remit agreed by Parliament.</p><p> </p><p> </p><p> </p><p>The statutory principles of good regulation to which the PRA and FCA must have regard, provided for at section 3B of the Financial Services and Markets Act 2000 include “the desirability of sustainable growth in the economy of the United Kingdom in the medium or long term”.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 09/03/2015 17:04:58 answering member 4117 label Biography information for Andrea Leadsom
tabling member	286 label Biography information for Joan Walley

223557

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank of Credit and Commerce International
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will publish in full Lord Justice Bingham's report, Inquiry into the Supervision of the Bank of Credit and Commerce International, on the closure of the Bank of Credit and Commerce International, completed in 1992.
tabling member constituency	Great Grimsby
tabling member printed	Austin Mitchell
uin	225460
answer	answer is ministerial correction date of answer 05/03/2015 answer text <p>The information in this document was released in 2011 and is now in the public domain.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 224763 question first answered 05/03/2015 16:48:25 answering member 4117 label Biography information for Andrea Leadsom
tabling member	372 label Biography information for Austin Mitchell

223560

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	HSBC
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, on what dates he has met which representatives of HSBC bank since taking office.
tabling member constituency	Bassetlaw
tabling member printed	John Mann
uin	225487
answer	answer is ministerial correction date of answer 05/03/2015 answer text <p>Treasury Minsters meet with a wide range of banks and other firms, including HSBC, on a regular basis and to discuss numerous issues. Given that since 2010 this Government has introduced the most far-reaching reform of British banking in recent history, this number of meetings is not unusual.</p><p> </p><p> </p><p> </p><p>Details of Ministerial meetings are available online:</p><p> </p><p> </p><p> </p><p><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><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 05/03/2015 16:51:05 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1387 label Biography information for Lord Mann

223210

registered interest
date	24/02/2015
answering body	HM 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 Mr Chancellor of the Exchequer, what the tax yield was from BN66 legislation in (a) the UK, (b) Scotland, (c) England, (d) Wales and (e) Northern Ireland in each of the last five years for which figures are available.
tabling member constituency	Airdrie and Shotts
tabling member printed	Pamela Nash
uin	225152
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>UK residents are taxable on their worldwide income wherever it arises including situations where it arises by way of foreign partnerships. Budget Note 66 (BN66) did not change this position, but announced new legislation to put this position beyond doubt and to close down a wholly artificial tax avoidance scheme. This scheme involved foreign partnerships comprised of foreign trustees that sought to exploit a perceived loophole.</p><p> </p><p>As section 58 of the Finance Act 2008, the legislation announced by BN66, retrospectively clarified existing legislation its introduction had no effect on any taxpayer’s tax position.</p><p> </p><p>The information is not available to answer Question 225153. HMRC records are not collated so as to aggregate all enforcement actions taken in respect of all taxpayers.</p><p> </p><p>The information is not available to answer Question 225154. HMRC systems do not separately identify cases with status issues from the generality of Section 58 cases.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 225153 225154 225200 question first answered 25/03/2015 17:46:02 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3909 label Biography information for Pamela Nash

223211

registered interest
date	24/02/2015
answering body	HM 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 Mr Chancellor of the Exchequer, how many enforcement actions in respect of BN66 legislation there have been in (a) the UK, (b) Scotland, (c) England, (d) Wales and (e) Northern Ireland in each year since 2010.
tabling member constituency	Airdrie and Shotts
tabling member printed	Pamela Nash
uin	225153
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>UK residents are taxable on their worldwide income wherever it arises including situations where it arises by way of foreign partnerships. Budget Note 66 (BN66) did not change this position, but announced new legislation to put this position beyond doubt and to close down a wholly artificial tax avoidance scheme. This scheme involved foreign partnerships comprised of foreign trustees that sought to exploit a perceived loophole.</p><p> </p><p>As section 58 of the Finance Act 2008, the legislation announced by BN66, retrospectively clarified existing legislation its introduction had no effect on any taxpayer’s tax position.</p><p> </p><p>The information is not available to answer Question 225153. HMRC records are not collated so as to aggregate all enforcement actions taken in respect of all taxpayers.</p><p> </p><p>The information is not available to answer Question 225154. HMRC systems do not separately identify cases with status issues from the generality of Section 58 cases.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 225152 225154 225200 question first answered 25/03/2015 17:46:02 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3909 label Biography information for Pamela Nash

223212

registered interest
date	24/02/2015
answering body	HM 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 Mr Chancellor of the Exchequer, how many BN66 status enquiries HM Revenue and Customs has made in (a) the UK, (b) Scotland, (c) England, (d) Wales and (e) Northern Ireland in each of the last five years for which figures are available.
tabling member constituency	Airdrie and Shotts
tabling member printed	Pamela Nash
uin	225154
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>UK residents are taxable on their worldwide income wherever it arises including situations where it arises by way of foreign partnerships. Budget Note 66 (BN66) did not change this position, but announced new legislation to put this position beyond doubt and to close down a wholly artificial tax avoidance scheme. This scheme involved foreign partnerships comprised of foreign trustees that sought to exploit a perceived loophole.</p><p> </p><p>As section 58 of the Finance Act 2008, the legislation announced by BN66, retrospectively clarified existing legislation its introduction had no effect on any taxpayer’s tax position.</p><p> </p><p>The information is not available to answer Question 225153. HMRC records are not collated so as to aggregate all enforcement actions taken in respect of all taxpayers.</p><p> </p><p>The information is not available to answer Question 225154. HMRC systems do not separately identify cases with status issues from the generality of Section 58 cases.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 225152 225153 225200 question first answered 25/03/2015 17:46:02 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3909 label Biography information for Pamela Nash

223213

registered interest
date	24/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Accounts Committee: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when he next plans to publish Treasury minutes: progress report on implementing recommendations of Public Accounts Committee.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	225106
answer	answer is ministerial correction date of answer 27/02/2015 answer text <p>Treasury Minutes: progress report on the implementation of Government accepted recommendations of the Committee of Public Accounts – Sessions 2010-12, 2012-13 and 2013-14 will be published on Thursday 19 March 2015.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 27/02/2015 14:40:50 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4124 label Biography information for Chi Onwurah

223216

registered interest
date	24/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	North West
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the cost was to his Department of the visits and press conferences for the (a) long term economic plans for Yorkshire and (b) long term economic plan for the north-west events.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	225243
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p><strong>The total cost for the Long Term Economic Plan visit to Yorkshire and the North-West was met through the existing departmental budgets.</strong></p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 26/03/2015 14:37:51 answering member 4117 label Biography information for Andrea Leadsom
tabling member	308 label Biography information for Mr Jim Cunningham