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651815

registered interest
date	05/12/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Landlords: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they intend to take steps to ensure that limited companies are not better placed than other landlords in relation to the taxation of profits engendered by letting residential properties.
tabling member printed	Lord Beecham
uin	HL3797
answer	answer is ministerial correction date of answer 19/12/2016 answer text <p>Using actual self-assessment data, HM Revenue and Customs estimate that only 1 in 5 landlords will pay more tax as a result of this measure. Given that only a small proportion of the housing market is affected by these changes, the Government does not expect them to have a large impact on rent levels.</p><p> </p><p> </p><p> </p><p>Incorporated businesses will continue to receive relief at the corporate tax rate. However, the rate of relief (currently 20%) is not more generous than the rate of income tax relief once these changes are fully in place by 2020-21.</p><p> </p> answering member printed Lord Young of Cookham grouped question UIN HL3798 question first answered 19/12/2016 15:37:06 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4181 label Biography information for Lord Beecham

651816

registered interest
date	05/12/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Landlords: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they intend to introduce plans to prevent landlords of residential properties from recouping the cost of changes to the taxation of rents of such properties which will come into force next year; and if so, how.
tabling member printed	Lord Beecham
uin	HL3798
answer	answer is ministerial correction date of answer 19/12/2016 answer text <p>Using actual self-assessment data, HM Revenue and Customs estimate that only 1 in 5 landlords will pay more tax as a result of this measure. Given that only a small proportion of the housing market is affected by these changes, the Government does not expect them to have a large impact on rent levels.</p><p> </p><p> </p><p> </p><p>Incorporated businesses will continue to receive relief at the corporate tax rate. However, the rate of relief (currently 20%) is not more generous than the rate of income tax relief once these changes are fully in place by 2020-21.</p><p> </p> answering member printed Lord Young of Cookham grouped question UIN HL3797 question first answered 19/12/2016 15:37:06 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4181 label Biography information for Lord Beecham

651827

registered interest
date	05/12/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Debts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what plans they have to address the level of household debt, the rate at which it is increasing, and the multiple it represents of annual household income.
tabling member printed	Lord Myners
uin	HL3809
answer	answer is ministerial correction date of answer 12/12/2016 answer text <p>In Q2 2016 household debt relative to income fell to 142%, down from its peak of 160 percent in Q1 2008. Unsecured debt as a proportion of household income was 39 per cent in Q2 2016, down from a peak of 44 percent in Q1 2007. The government recognises that there is more to be done to help those in problem debt. The Money Advice Service (MAS), an arms-length body of the Treasury coordinates the provision of publicly-funded free to client debt advice. In 2015-2016 MAS had a £75m budget and in that financial year made 300,000 money guidance sessions and 380,000 debt advice sessions available to consumers<strong>. </strong>In October 2016 the government announced plans to bring publicly-funded debt advice, money guidance, and pensions guidance together in a single guidance body, responsible for providing impartial, free-to-client guidance and for promoting financial capability.</p><p> </p><p>Additionally, we have created the independent Financial Policy Committee within the Bank of England, to ensure emerging risks and vulnerabilities across the financial system as a whole, including in relation to household debt, are identified, monitored and effectively addressed.</p> answering member printed Lord Young of Cookham question first answered 12/12/2016 15:11:50 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

651830

registered interest
date	05/12/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have any plans to regulate further the granting of residential mortgages at high multiples of income.
tabling member printed	Lord Myners
uin	HL3812
answer	answer is ministerial correction date of answer 19/12/2016 answer text <p>The Government has no plans to regulate mortgages at high multiples of income.</p><p> </p><p>The Government has granted the Financial Policy Committee (FPC) powers of direction with regard to owner-occupied mortgages. The Government recently brought forward secondary legislation to grant the FPC powers of direction with regard to buy to let mortgages as well. This instrument has been debated and approved in this House and the other place.</p><p> </p><p>The FPC is a policy committee of the independent Bank of England. It is for the Committee to decide if, when and how to use its powers.</p><p> </p> answering member printed Lord Young of Cookham question first answered 19/12/2016 15:43:31 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

651859

registered interest
date	05/12/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Overseas Students
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 financial contribution of overseas students to the UK economy.
tabling member printed	The Lord Bishop of Winchester
uin	HL3840
answer	answer is ministerial correction date of answer 14/12/2016 answer text <p>The Government estimated in 2013 that overseas students (EU and non-EU) in higher education in the UK contributed £9.7 billion to the UK economy in 2011, through tuition fees and living expenditure.</p><p> </p><p>The Department for Education will publish a new estimate of the total value of education exports to the UK economy shortly, based on data from 2014. This will include updated estimates on the financial contribution of overseas students.</p> answering member printed Lord Young of Cookham question first answered 14/12/2016 16:49:04 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4256 label Biography information for The Lord Bishop of Winchester

650400

registered interest
date	02/12/2016
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Voting Rights: British Nationals Abroad
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government, further to the announcement on 7 October that they intend to remove the 15-year rule on British citizens living overseas voting in parliamentary elections, whether expatriate UK citizens would also be entitled to participate in any future referendums.
tabling member printed	Viscount Waverley
uin	HL3790
answer	answer is ministerial correction date of answer 24/01/2017 answer text <p>The franchise for any future referendum would be determined by Parliament in the primary legislation which provides for that referendum.</p> answering member printed Lord Young of Cookham question first answered 24/01/2017 15:54:22 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1744 label Biography information for Viscount Waverley

647939

registered interest
date	29/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Child Tax Credit: Disability
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government who was responsible for the processing error that resulted in families whose children qualified for Disability Living Allowance not receiving additional tax credits during 2011–14; what was the average total loss per family affected; and why restitution has not been backdated to cover the full period affected.
tabling member printed	Lord Alton of Liverpool
uin	HL3636
answer	answer is ministerial correction date of answer 13/12/2016 answer text <p>Claimants were able to claim the higher rate of Child Tax Credits (CTC) by informing HM Revenue and Customs (HMRC) of eligibility at the time an initial claim for or renewal of CTC was made. Accompanying guidance provided details of the eligibility requirements for this. In addition, claimants could call the relevant HMRC helpline at any time. Between April 2011 and April 2014, the number of working families claiming the disabled child element increased from 145,000 to 152,000, and has since risen to 169,000.</p><p> </p><p>It is the claimants’ responsibility to inform HMRC of their eligibility to the higher element of CTC. To help claimants claim the right amount, HMRC’s backup practice is to take information from Department for Work and Pensions to automatically update tax credit awards. However, for the period in question, this information sharing process proved unreliable. Although legally HMRC are only required to backdate claims for 31 days on receipt of a notification or claim, at the Autumn Statement, the Government announced that HMRC would make corrections for this year for the customers it has identified who have not claimed. Customers will receive a lump sum payment to reflect entitlement since 6 April 2016, and an on-going higher award.</p><p> </p><p>A higher level of CTC is awarded to parents of disabled children. The disabled child part of CTC is worth up to £3,140 per year on top of the standard child element, and the severely disabled element is an additional £1,275. The maximum amount a family receives is dependent on their personal circumstances and household income.</p> answering member printed Lord Young of Cookham grouped question UIN HL3637 question first answered 13/12/2016 14:30:00 answering member 57 label Biography information for Lord Young of Cookham
tabling member	738 label Biography information for Lord Alton of Liverpool

647940

registered interest
date	29/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Child Tax Credit: Disability
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 on the families affected by the underpayment of tax credits to families whose children qualified for Disability Living Allowance during 2011–14.
tabling member printed	Lord Alton of Liverpool
uin	HL3637
answer	answer is ministerial correction date of answer 13/12/2016 answer text <p>Claimants were able to claim the higher rate of Child Tax Credits (CTC) by informing HM Revenue and Customs (HMRC) of eligibility at the time an initial claim for or renewal of CTC was made. Accompanying guidance provided details of the eligibility requirements for this. In addition, claimants could call the relevant HMRC helpline at any time. Between April 2011 and April 2014, the number of working families claiming the disabled child element increased from 145,000 to 152,000, and has since risen to 169,000.</p><p> </p><p>It is the claimants’ responsibility to inform HMRC of their eligibility to the higher element of CTC. To help claimants claim the right amount, HMRC’s backup practice is to take information from Department for Work and Pensions to automatically update tax credit awards. However, for the period in question, this information sharing process proved unreliable. Although legally HMRC are only required to backdate claims for 31 days on receipt of a notification or claim, at the Autumn Statement, the Government announced that HMRC would make corrections for this year for the customers it has identified who have not claimed. Customers will receive a lump sum payment to reflect entitlement since 6 April 2016, and an on-going higher award.</p><p> </p><p>A higher level of CTC is awarded to parents of disabled children. The disabled child part of CTC is worth up to £3,140 per year on top of the standard child element, and the severely disabled element is an additional £1,275. The maximum amount a family receives is dependent on their personal circumstances and household income.</p> answering member printed Lord Young of Cookham grouped question UIN HL3636 question first answered 13/12/2016 14:30:01 answering member 57 label Biography information for Lord Young of Cookham
tabling member	738 label Biography information for Lord Alton of Liverpool

647991

registered interest
date	29/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Economic Growth: Forecasts
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what were the growth forecasts made by the Office for Budget Responsibility since 2010; and what assessment they have made of the accuracy of each of those forecasts.
tabling member printed	Lord Grocott
uin	HL3687
answer	answer is ministerial correction date of answer 12/12/2016 answer text <p>The Office for Budget Responsibilities (OBR) forecasts for the economy and public finances are available in the Economic and Fiscal Outlook publications. The OBR regularly publishes Forecast Evaluation Reports, in which they compare their forecasts to subsequent outturns and explain any forecast errors.</p> answering member printed Lord Young of Cookham question first answered 12/12/2016 14:59:26 answering member 57 label Biography information for Lord Young of Cookham
tabling member	276 label Biography information for Lord Grocott

646550

registered interest
date	28/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Social Rented Housing: Rural Areas
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have plans to reform the income tax relief system to encourage the building of social housing on rural exception sites; and if so, what are those plans.
tabling member printed	Lord Kennedy of Southwark
uin	HL3569
answer	answer is ministerial correction date of answer 05/12/2016 answer text <p>The Government currently has no plans to reform the income tax relief system or rollover relief provisions for Capital Gains Tax in order to encourage the building of social housing on rural exception sites.</p> answering member printed Lord Young of Cookham grouped question UIN HL3570 question first answered 05/12/2016 16:41:46 answering member 57 label Biography information for Lord Young of Cookham
tabling member	4153 label Biography information for Lord Kennedy of Southwark