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1142431
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Taxation: Electronic Government more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what plans they have, if any, to continue with the rollout of their Simple Assessment and dynamic coding projects, which were paused in May 2018. more like this
tabling member printed
Baroness Altmann more like this
uin HL17505 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>HM Revenue &amp; Customs (HMRC) delivered Simple Assessment to a small number of customers in 2017. Due to the need to prioritise EU exit, HMRC temporarily suspended further work to extend the service to a larger number of customers. The service remains active for the original user base, and further enhancements are being made this financial year. HMRC are reviewing whether to make further investments into the service in the context of the Spending Review.</p><p> </p><p>HMRC have long had a delivery plan for the dynamic coding-out of debt project. The service was successfully introduced for a number of taxation scenarios that cause an over- or under-payment of PAYE.</p><p> </p><p>After the closure of the Making Tax Digital for Individuals Programme, which included a wider dynamic coding option, and resource reallocation to EU exit, a new IT solution was required for this Budget 2017 project. HMRC remain committed to delivering this project. Further work on the wider dynamic coding activities will be considered as part of wider Spending Review planning.</p>
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T14:08:44.993Zmore like thismore than 2019-08-06T14:08:44.993Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
4533
label Biography information for Baroness Altmann more like this
1142433
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading PAYE more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the use of Real Time Information (RTI) to ensure low earners receive the tax relief they are due; and what plans they have to require all employers to use RTI. more like this
tabling member printed
Baroness Altmann more like this
uin HL17507 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>Information filed by employers through RTI is applied equally to all relevant customer records. HM Revenue &amp; Customs (HMRC) do not make a distinction between low and high earners when applying rules within tax calculations.</p><p> </p><p>Employers who pay all of their employees under the Lower Earnings Limit for National Insurance Contributions (NICs) and have no tax deducted are not required to register with HMRC. The employer is not required to report information to HMRC until there is a tax or NICs deduction payable to HMRC.</p><p> </p><p>There are no plans to mandate employers who pay small amounts of wages to all of their employees to register with HMRC.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:38:40.563Zmore like thismore than 2019-08-06T13:38:40.563Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
4533
label Biography information for Baroness Altmann more like this
1142436
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading VAT: Tax Evasion more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the amount lost to the Exchequer due to VAT fraud perpetrated by online traders based outside the EU; and what estimate they have made of the proportion of that fraud originating in China. more like this
tabling member printed
Lord Clement-Jones more like this
uin HL17510 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>The information requested is not held. HM Revenue &amp; Customs (HMRC) estimate the tax gap, which encompasses fraud for VAT, excise duties and customs duty. However, it is not possible to produce these estimates for online traders based outside the EU, and for fraud originating in China. Tax gaps for VAT, excise duties and other taxes overall are provided in HMRC’s publication ‘Measuring Tax Gaps’.</p><p> </p><p>HMRC estimate that the tax loss from VAT fraud and error on online marketplaces was between £1 billion and £1.5 billion in 2016/17. The department estimates that overseas sellers contributed to approximately 60% of the VAT loss.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:37:53.7Zmore like thismore than 2019-08-06T13:37:53.7Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
3396
label Biography information for Lord Clement-Jones more like this
1142437
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading VAT: Tax Evasion more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what discussions they have had with the government of China in relation to addressing online VAT fraud; and what steps they are taking as a result. more like this
tabling member printed
Lord Clement-Jones more like this
uin HL17511 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>HM Revenue &amp; Customs (HMRC) have increased their engagement with China Customs through the Fiscal Crime Liaison Officer in Beijing. The engagement is designed to tackle undervaluation fraud, including online VAT fraud, with the help of the Chinese authorities. This has included a memorandum of understanding, set up in 2018, leading to a joint working group and a series of commodity-focused exercises.</p><p> </p><p>In addition, HMRC’s primary focus in tackling the VAT issue has been with the online marketplaces through which those sellers operate, as this has proven to be an effective way of improving their compliance. The Fulfilment House Due Diligence Scheme supports this compliance activity by regulating the sites where overseas sellers store imported goods prior to their sale.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:38:21.057Zmore like thismore than 2019-08-06T13:38:21.057Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
3396
label Biography information for Lord Clement-Jones more like this
1142438
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading VAT: Tax Evasion more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government how many penalties they have issued to online traders based outside the EU for VAT fraud; and what was the total value of such penalties. more like this
tabling member printed
Lord Clement-Jones more like this
uin HL17512 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>The information requested is not held. HM Revenue &amp; Customs (HMRC) record the total number and amount of penalties issued to sellers based overseas who operate on online marketplaces, but do not hold separate figures for EU and non-EU sellers.</p><p> </p><p>Up to 29 July 2019, HMRC have issued VAT penalties to a total of 1,059 overseas sellers; the total penalty amount is £34,056,356.39.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:36:05.967Zmore like thismore than 2019-08-06T13:36:05.967Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
3396
label Biography information for Lord Clement-Jones more like this
1142466
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Public Buildings: Art Works more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what procedures are in place to process any complaint about the display of images of the Royal Family in publicly funded buildings; and what steps they take to determine the level of any compensation paid as a result of such a complaint. more like this
tabling member printed
Lord Rogan more like this
uin HL17540 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>No further assessment has been made of how and where portraits of the Royal Family are displayed across the UK.</p><p>Civil Servants are free to raise concerns about any issue and should follow their departmental procedures to resolve disputes and grievances. Compensation payments are not routinely paid as part of this process.</p> more like this
answering member printed Lord Young of Cookham more like this
grouped question UIN HL17480 more like this
question first answered
less than 2019-08-06T13:55:45.96Zmore like thismore than 2019-08-06T13:55:45.96Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
2478
label Biography information for Lord Rogan more like this
1142475
registered interest false more like this
date less than 2019-07-25more like thismore than 2019-07-25
answering body
Department for International Trade more like this
answering dept id 202 more like this
answering dept short name International Trade more like this
answering dept sort name International Trade more like this
hansard heading Overseas Trade more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what plans they have to publish their Regional Trade Plans. more like this
tabling member printed
Viscount Waverley more like this
uin HL17549 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-16more like thismore than 2019-08-16
answer text <p>Regional Trade Plans (RTPs), set out an overseas region’s overarching strategy, key objectives and priorities, which will drive the delivery of Her Majesty’s Government’s trade objectives overseas. Currently, the RTPs are internal documents, but the Department for International Trade intends to publish executive summaries of the RTPs in due course.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-16T10:52:52.403Zmore like thismore than 2019-08-16T10:52:52.403Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
1744
label Biography information for Viscount Waverley more like this
1141932
registered interest false more like this
date less than 2019-07-24more like thismore than 2019-07-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Lendy more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what steps they took to stop Lendy from declaring dividends to pay capital to that firm’s owners when Lendy was under review by the Financial Conduct Authority (FCA); and whether the FCA intends to compensate any lenders who did not receive full remediation payments as a result of a shortfall in capital. more like this
tabling member printed
Lord Myners more like this
uin HL17476 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>The Financial Conduct Authority (FCA) is responsible for the authorisation and regulation of peer to peer (P2P) platforms, and is currently carrying out an enforcement investigation into the circumstances that led to the administration of Lendy. It would be inappropriate for Government to pre-empt its findings.</p><p> </p><p>The FCA is operationally independent from Government. The question as it relates to the FCA has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:36:33.113Zmore like thismore than 2019-08-06T13:36:33.113Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
3869
label Biography information for Lord Myners more like this
1141933
registered interest false more like this
date less than 2019-07-24more like thismore than 2019-07-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment, if any, they have made of the case for specifying a higher liquidity test for UK-managed Undertakings for Collective Investment in Transferable Securities than is required by EU Directive 2009/65/EC; and what discussions they have had with the Financial Conduct Authority about that test. more like this
tabling member printed
Lord Myners more like this
uin HL17477 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text <p>Following the suspension of the Woodford Equity Income Fund (WEIF), HM Treasury has discussed the liquidity rules for UK UCITS funds with the Financial Conduct Authority (FCA), which is responsible for the ongoing supervision and regulation of the UK’s financial services sector, including investment funds.</p><p> </p><p>The FCA have launched an investigation into the events leading up to the suspension of the WEIF. The investigation will determine the facts of the case, including whether any rules have been broken, and inform any future decision on whether rule changes are required.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:37:13.733Zmore like thismore than 2019-08-06T13:37:13.733Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
3869
label Biography information for Lord Myners more like this
1141934
registered interest false more like this
date less than 2019-07-24more like thismore than 2019-07-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Banks: Loans more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they or the Prudential Regulation Authority monitor loans by smaller banks to related parties; and what assessment, if any, they have made of how Wyelands Bank complies in this respect with regulatory limits. more like this
tabling member printed
Lord Myners more like this
uin HL17478 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-08-06more like thismore than 2019-08-06
answer text This is a matter for the Prudential Regulation Authority (PRA), which is operationally independent from Government. The question has been passed on to the PRA. The PRA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House. more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-08-06T13:37:27.17Zmore like thismore than 2019-08-06T13:37:27.17Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
3869
label Biography information for Lord Myners more like this