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520658

registered interest
date	23/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Individual Savings Accounts
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the Answer of 11 May 2016 to Question 36241, what assumptions were made about the number of people (a) taking up a Lifetime ISA and (b) subscribing the maximum annual amount to an ordinary ISA in calculating the estimated Exchequer impacts set out in that Answer.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	37929
answer	answer is ministerial correction date of answer 26/05/2016 answer text <p>The Lifetime ISA is a voluntary product. For further information on the costing of this policy, please see page 9 of the Budget 2015 Policy Costings document: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf</a></p><p> </p><p>ISA statistics are published on the GOV.UK website. Table 9.7 sets out the number of individuals subscribing to ISAs by income and amount subscribed: <a href="https://www.gov.uk/government/statistics/number-of-individuals-subscribing-to-an-individual-savings-account-isa-by-income" target="_blank">https://www.gov.uk/government/statistics/number-of-individuals-subscribing-to-an-individual-savings-account-isa-by-income</a>.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 26/05/2016 10:53:56 answering member 1529 label Biography information for Mr David Gauke
tabling member	4031 label Biography information for Rachel Reeves

520660

registered interest
date	23/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Supply Teachers: Tax Allowances
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 potential effect on supply teachers of new restrictions on tax relief for travel and subsistence expenses for workers engaged through an employment intermediary.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	37899
answer	answer is ministerial correction date of answer 26/05/2016 answer text <p>The changes to tax relief for travel and subsistence only affect those who work through an employment intermediary. The planned changes will put supply teachers employed through an intermediary on the same terms as other supply teachers, either contracted directly, or through an agency contract.</p><p> </p><p>The Government’s general assessment of the effects of the measure can be found in the Tax Information and Impact Note: <a href="https://www.gov.uk/government/publications/income-tax-employment-intermediaries-and-relief-for-travel-and-subsistence/income-tax-employment-intermediaries-and-relief-for-travel-and-subsistence" target="_blank">https://www.gov.uk/government/publications/income-tax-employment-intermediaries-and-relief-for-travel-and-subsistence/income-tax-employment-intermediaries-and-relief-for-travel-and-subsistence</a></p><p> </p><p>The Government undertook detailed consultation on these proposals. Further assessment can be found in the summary of responses to the consultation document published on this change: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/483389/Employment_Intermediaries_and_Tax_Relief_for_Travel_and_Subsistence_-_Summary_of_Responses__M7057_.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/483389/Employment_Intermediaries_and_Tax_Relief_for_Travel_and_Subsistence_-_Summary_of_Responses__M7057_.pdf</a></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 26/05/2016 13:03:06 answering member 1529 label Biography information for Mr David Gauke
tabling member	4243 label Biography information for Dan Jarvis

520661

registered interest
date	23/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mossack Fonseca
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what representations his Department have received from the International Consortium of Investigative Journalists (ICIJ) on the list of addresses of British entities registered with the Mossack Fonseca law firm in Panama published by the ICIJ on their website on 9 May 2016.
tabling member constituency	Glasgow South
tabling member printed	Stewart Malcolm McDonald
uin	37976
answer	answer is ministerial correction date of answer 26/05/2016 answer text <p>We welcome the statement from the source of the Panama Papers that they are willing to speak to law enforcement bodies. Tax evasion and money laundering are global issues, which is why the HM Revenue and Customs (HMRC) and National Crime Agency (NCA) taskforce is working with international tax and law enforcement partners to take up this offer, and develop as many leads as possible from the data that is currently available.</p><p> </p><p>HMRC has been in regular contact with the International Consortium of Investigative Journalists (ICIJ), who have refused to share their full data with HMRC, stating that their policy is not to hand over such material. While we welcome the steps the ICIJ has taken in exposing this issue, its decision not to release the full set of information is disappointing.</p><p> </p><p>HMRC has begun analytical work on all the data published by the ICIJ, in addition to a wide range of other intelligence. As a result of this, the HMRC and NCA taskforce has opened a number of detailed and forensic enquiries.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 26/05/2016 10:48:06 answering member 1529 label Biography information for Mr David Gauke
tabling member	4461 label Biography information for Stewart Malcolm McDonald

520663

registered interest
date	23/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Revenue and Customs: Bradford
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will publish the business case on the closure of the HM Revenue and Customs offices in Bradford.
tabling member constituency	Bradford South
tabling member printed	Judith Cummins
uin	38067
answer	answer is ministerial correction date of answer 26/05/2016 answer text <p>HM Revenue and Customs has based its decisions on the locations of the future regional centres on a number of key principles including retention of its current staff and skills, access to a pipeline of talent and local and national transport links. In this context it will be locating its Regional Centre for Yorkshire and the Humber in Leeds.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 26/05/2016 10:44:59 answering member 1529 label Biography information for Mr David Gauke
tabling member	4391 label Biography information for Judith Cummins

520747

registered interest
date	23/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Workplace Pensions: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what discussions his Department has had with other government departments on building greater consideration and transparency of climate risk for pension funds into Articles 20, 26 and 32 of the EU's revised Directive on Institutions for Occupational Retirement Provision.
tabling member constituency	Brent North
tabling member printed	Barry Gardiner
uin	37846
answer	answer is ministerial correction date of answer 26/05/2016 answer text <p>The Government’s priority for the draft Directive is ensuring sound and proportionate regulation of occupational pension schemes, which respects differences in the national arrangements between Member States.</p><p> </p><p>As is usual practice, an overall impact assessment for the draft Directive has been prepared by the EU institutions, and a national-level impact assessment will be prepared as and when the Directive is transposed into UK law.</p><p> </p><p>The Government has approached negotiations on the Directive in line with the usual co-ordination process across departments.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 37902 37925 question first answered 26/05/2016 13:05:10 answering member 1529 label Biography information for Mr David Gauke
tabling member	146 label Biography information for Barry Gardiner

520943

registered interest
date	23/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Workplace Pensions: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the Government's priorities are for the negotiations on the revised EU Directive on Institutions for Occupational Retirement Provisions.
tabling member constituency	Brent North
tabling member printed	Barry Gardiner
uin	37925
answer	answer is ministerial correction date of answer 26/05/2016 answer text <p>The Government’s priority for the draft Directive is ensuring sound and proportionate regulation of occupational pension schemes, which respects differences in the national arrangements between Member States.</p><p> </p><p>As is usual practice, an overall impact assessment for the draft Directive has been prepared by the EU institutions, and a national-level impact assessment will be prepared as and when the Directive is transposed into UK law.</p><p> </p><p>The Government has approached negotiations on the Directive in line with the usual co-ordination process across departments.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 37846 37902 question first answered 26/05/2016 13:05:09 answering member 1529 label Biography information for Mr David Gauke
tabling member	146 label Biography information for Barry Gardiner

519626

registered interest
date	19/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	State Retirement Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent estimate he has made of the (a) potential effect on the triple lock pension policy and (b) the value of state pensions for people who retired before 6 April 2016 of a potential reduction in economic growth in the event of the UK voting to leave the EU.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	37689
answer	answer is ministerial correction date of answer 24/05/2016 answer text <p>The Treasury has published its analysis of the impact that leaving the EU would have on GDP, CPI inflation and on average real wages in <em>HM Treasury analysis: the immediate economic impact of leaving the EU.</em></p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 24/05/2016 13:52:44 answering member 1529 label Biography information for Mr David Gauke
tabling member	298 label Biography information for Steve McCabe

519627

registered interest
date	19/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the potential effect of reductions in capital gains tax rates announced in the Budget 2016 on (a) the prevalence of converting income into capital gains and (b) income tax receipts.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	37705
answer	answer is ministerial correction date of answer 24/05/2016 answer text <p>Budget 2016 announced reductions in the basic rate of Capital Gains Tax (CGT) to 10% and the main rate to 20%, excluding gains on residential property and carried interest. The purpose of these changes is to encourage individuals to invest in companies, helping them to access the capital they need to expand and create jobs.</p><p> </p><p>The estimated cost of this measure was published at Budget 2016 and provided in the table below:</p><p> </p><p>Table 1: Total estimated Exchequer impact of Budget 2016 CGT basic and main rate reductions</p><table><tbody><tr><td><p> </p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td></tr><tr><td><p>£m</p></td><td><p>-105</p></td><td><p>-630</p></td><td><p>-605</p></td><td><p>-670</p></td><td><p>-735</p></td></tr></tbody></table><p> </p><p> </p><p>The costing in Table 1 includes an estimate of the impacts on CGT, Income Tax and Stamp Duty Land Tax receipts. The total estimated Exchequer cost accounts for behavioural responses, including greater realisation of gains, and increased incentive to take capital gains relative to income. This can include a wide range of behavioural changes. The impact on Income Tax is only one aspect of this costing.</p><p> </p><p>No separate estimate was made of the impact on CGT receipts of converting income into capital gains. Finance Bill 2016 contains provisions to strengthen anti-avoidance rules to prevent opportunities for people to shift income to capital in order to gain a tax advantage, through making changes to the Transactions in Securities Rules and introducing a new Targeted Anti Avoidance Rule.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 24/05/2016 13:53:55 answering member 1529 label Biography information for Mr David Gauke
tabling member	4031 label Biography information for Rachel Reeves

519628

registered interest
date	19/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mossack Fonseca
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will request that HM Revenue and Customs investigate the legality of the operations of those British Offshore entities registered with the Mossack Fonseca law firm in Panama whose identity was made public by the International Consortium of Investigative Journalists on 9 May 2016.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	37611
answer	answer is ministerial correction date of answer 24/05/2016 answer text <p>On April 10, The Prime Minister announced a new taskforce to obtain, analyse and take action on the information contained in the Panama Papers.</p><p> </p><p>It is being jointly led by HM Revenue and Customs (HMRC) and the National Crime Agency (NCA) and draws on investigators, compliance specialists and analysts from HMRC, the NCA, the Serious Fraud Office and Financial Conduct Authority. The four organisations are working in close partnership to take rapid action on evidence of tax evasion and avoidance, economic crime, regulatory breaches and misconduct identified within the material.</p><p> </p><p>The Prime Minister has committed to provide resources to ensure that the material is fully investigated, including initial new funding of up to £10 million to support the taskforce’s work.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 24/05/2016 14:00:01 answering member 1529 label Biography information for Mr David Gauke
tabling member	545 label Biography information for Paul Flynn

518877

registered interest
date	18/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Iron and Steel: Non-domestic Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will undertake a comparative assessment of levels of business rates applying to steel producers in the UK and in other EU member states.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	37170
answer	answer is ministerial correction date of answer 24/05/2016 answer text <p>The government concluded the Business Rates Review at Budget 2016. The government consulted with stakeholders, including the steel industry.</p><p> </p><p>From April 2020, business rates for all businesses, including the steel industry, will be cut through a switch in the indexation of business rates from RPI to the main measure of inflation currently CPI.</p><p> </p><p>The government has worked hard to deliver on the steel industry’s key asks. We (a) secured state aid approval to compensate for energy costs, (b) secured flexibility over EU emissions regulations, (c) published guidance so that the true value of UK steel can be taken into account in major procurement decisions, and (d) continue to tackle unfair trading practices at an EU and an international level</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 37180 question first answered 24/05/2016 14:05:06 answering member 1529 label Biography information for Mr David Gauke
tabling member	1400 label Biography information for Kevin Brennan