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1019927

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment the Government has made of the effect of Transferable Tax History on the incentives for buying companies to increase oil and gas production and generate further revenues.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198899
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>The Government, with technical advice from the Oil and Gas Authority (OGA) and representations from the industry via the trade body Oil and Gas UK, assesses that there will be instances when companies hoping to purchase mature fields will be in a position to extract more value from the field through investment than their current owner.</p><p> </p><p>However, there is a barrier to these deals taking place due to the uncertainty around whether the buyer will obtain equivalent decommissioning tax relief.</p><p> </p><p>Transferable Tax History (TTH) overcomes this uncertainty, enabling companies to complete asset deals on mature fields and allowing new investment to take place. Without TTH, transactions for mature assets are expected to be less common and the increased revenue from production is not realised.</p><p> </p><p>More details can be found in the published policy paper, <em>“Oil and gas taxation: transferable tax history and retention of decommissioning expenditure”</em>.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 14/12/2018 08:50:27 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019935

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the effect of trends in the level of oil prices on the cost to the public purse of the Transferable Tax History.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198900
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Transferable tax history (TTH) is expected to increase tax receipts from the oil and gas sector by £65 million between tax years 2018-19 and 2023-24. This is based on forecast oil and gas prices as set by the independent Office for Budget Responsibility.</p><p> </p><p>A higher oil price will encourage investment in oil and gas extraction, facilitating more transactions for oil and gas fields and increasing the use of the TTH mechanism. Therefore, TTH would help increase revenues from oil and gas through increased production.</p><p> </p><p>A lower oil price will reduce the incentive for investment and decrease the likelihood that mature oil and gas fields will be sold. In this scenario the yield from new investment as a result of TTH will be lower. However, a low oil price is unlikely to result in TTH having a negative impact on tax receipts.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 14/12/2018 08:51:28 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019939

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has put in place to maintain job security for workers on North Sea oil rigs when Transferable Tax History is implemented.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198901
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Transferable tax history will encourage new investment into the North Sea and prolong the productive life of the basin. This will help protect the 280,000 jobs across the UK that are supported by the industry.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 198904 question first answered 14/12/2018 08:54:00 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019944

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of limiting Transferable Tax History claims to incoming companies’ investment in (a) infrastructure, (b) maintenance, (c) retraining and (d) methane reduction.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198902
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Restricting the use of transferable tax history (TTH) in this way will make it an unattractive tool for new entrants to the basin.</p><p> </p><p>TTH has been carefully designed to put new entrants in the same tax position as current licensees. Creating a two-tier system where new entrants must meet stricter criteria than existing operators to receive tax relief will discourage much needed new investment into the basin.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 14/12/2018 08:55:11 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1016267

registered interest
date	28/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: Charging Points
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to page 46 of Autumn Budget 2017, how much and what proportion of the charging investment infrastructure fund has been invested in charging infrastructure.
tabling member constituency	Middlesbrough
tabling member printed	Andy McDonald
uin	196790
answer	answer is ministerial correction date of answer 03/12/2018 answer text <p>The Charging Infrastructure Investment Fund will consist of £200m government investment to be matched by the private sector. The fund will be managed and invested in on a commercial basis by a private sector fund manager who will make independent, commercial decisions on how to invest, within parameters set by government. The Request for Proposals to select a fund manager recently closed, and government are in the final stages of selecting a preferred bidder(s). The selected fund manager(s) will raise the match funding from the private sector and the fund will start investing in early 2019.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 196791 question first answered 03/12/2018 12:55:53 answering member 4320 label Biography information for Robert Jenrick
tabling member	4269 label Biography information for Andy McDonald

1016268

registered interest
date	28/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: Charging Points
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer,with reference to page 46 of Autumn Budget 2017, how much and what proportion of the £200 million of private investment for the charging investment infrastructure fund has been raised.
tabling member constituency	Middlesbrough
tabling member printed	Andy McDonald
uin	196791
answer	answer is ministerial correction date of answer 03/12/2018 answer text <p>The Charging Infrastructure Investment Fund will consist of £200m government investment to be matched by the private sector. The fund will be managed and invested in on a commercial basis by a private sector fund manager who will make independent, commercial decisions on how to invest, within parameters set by government. The Request for Proposals to select a fund manager recently closed, and government are in the final stages of selecting a preferred bidder(s). The selected fund manager(s) will raise the match funding from the private sector and the fund will start investing in early 2019.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 196790 question first answered 03/12/2018 12:55:53 answering member 4320 label Biography information for Robert Jenrick
tabling member	4269 label Biography information for Andy McDonald

1016339

registered interest
date	28/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Buckingham Palace: Honours
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 November to Question 192869 on Buckingham Palace: Honours, which organisations are contracted to (a) create and (b) sell the items; and when each of the tendering processes took place for those contracts.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	196743
answer	answer is ministerial correction date of answer 03/12/2018 answer text <p>The contracted organisations are British Ceremonial Arts and the Press Association. HM Treasury does not hold the details of when the last tendering process took place.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 03/12/2018 13:04:11 answering member 4320 label Biography information for Robert Jenrick
tabling member	1536 label Biography information for Emily Thornberry

1016340

registered interest
date	28/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Buckingham Palace: Honours
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 November to Question 192869 on Buckingham Palace: Honours, in which of the three categories of items listed in the Income section of the table on Page 53 of the Annual Report and Accounts of the Sovereign Grant 2017-18 is the income deriving from the contract to create and sell the items.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	196744
answer	answer is ministerial correction date of answer 03/12/2018 answer text <p>It is recorded under the category: “Recharges for functions and other income&quot;.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 03/12/2018 13:05:45 answering member 4320 label Biography information for Robert Jenrick
tabling member	1536 label Biography information for Emily Thornberry

1016341

registered interest
date	28/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Buckingham Palace: Honours
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 November to Question 192869, what other sources of income are included in the same category of items listed in the Income section of the table on Page 53 of the Annual Report and Accounts of the Sovereign Grant 2017-18 as the income deriving from the contract to create and sell the items mentioned in that answer; and where not constrained by commercial sensitivity, how much income was derived from each of those other sources in 2017-18.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	196745
answer	answer is ministerial correction date of answer 03/12/2018 answer text <p>The information that answers this question is set out in note 16 on page 86 of the Annual Report and Accounts 2017-18</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 03/12/2018 13:06:47 answering member 4320 label Biography information for Robert Jenrick
tabling member	1536 label Biography information for Emily Thornberry