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1019927
registered interest false more like this
date less than 2018-12-04more like thismore than 2018-12-04
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 Offshore Industry: Taxation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Norwich South more like this
tabling member printed
Clive Lewis more like this
uin 198899 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-12-14more like thismore than 2018-12-14
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 remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-12-14T08:50:27.2Zmore like thismore than 2018-12-14T08:50:27.2Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4500
label Biography information for Clive Lewis more like this
1019935
registered interest false more like this
date less than 2018-12-04more like thismore than 2018-12-04
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 Offshore Industry: Taxation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Norwich South more like this
tabling member printed
Clive Lewis more like this
uin 198900 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-12-14more like thismore than 2018-12-14
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> more like this
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-12-14T08:51:28.883Zmore like thismore than 2018-12-14T08:51:28.883Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4500
label Biography information for Clive Lewis more like this
1010260
registered interest false more like this
date less than 2018-11-19more like thismore than 2018-11-19
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 Buckingham Palace: Honours more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the ,Chancellor of the Exchequer what estimate he has made of the contribution to the public purse from sales of (a) digital versatile discs and (b) photographs of the presentation of official honours at Buckingham Palace in the financial years (i) 2015-16, (ii) 2016-17, (iii) 2017-18 and (iv) 2018-19 to date. more like this
tabling member constituency Islington South and Finsbury more like this
tabling member printed
Emily Thornberry more like this
uin 192869 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-27more like thismore than 2018-11-27
answer text <p>The Royal Household receives income from granting access to organisations who create and sell the items mentioned in the question. This is in line with the Royal Household’s framework agreement with HM Treasury, under which it seeks to optimise income from non-Treasury sources where this is consistent with the main functions of the Sovereign Grant. Information on the income is commercially sensitive. However, income supplementing the Sovereign Grant is summarised in the Annual Report and Accounts of the Sovereign Grant.</p><p> </p> more like this
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN 192870 more like this
question first answered
less than 2018-11-27T13:37:24.66Zmore like thismore than 2018-11-27T13:37:24.66Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
1536
label Biography information for Emily Thornberry more like this
1010261
registered interest false more like this
date less than 2018-11-19more like thismore than 2018-11-19
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 Buckingham Palace: Honours more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what net profit has accrued to the public purse from (a) the filming and sale of digital versatile discs and (b) the capture and sale of photographs whose images were taken during the presentation of official honours at Buckingham Palace in the financial years (i) 2015-16, (ii) 2016-17, (iii) 2017-18 and (iv) 2018-19 to date. more like this
tabling member constituency Islington South and Finsbury more like this
tabling member printed
Emily Thornberry more like this
uin 192870 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-27more like thismore than 2018-11-27
answer text <p>The Royal Household receives income from granting access to organisations who create and sell the items mentioned in the question. This is in line with the Royal Household’s framework agreement with HM Treasury, under which it seeks to optimise income from non-Treasury sources where this is consistent with the main functions of the Sovereign Grant. Information on the income is commercially sensitive. However, income supplementing the Sovereign Grant is summarised in the Annual Report and Accounts of the Sovereign Grant.</p><p> </p> more like this
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN 192869 more like this
question first answered
less than 2018-11-27T13:37:24.707Zmore like thismore than 2018-11-27T13:37:24.707Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
1536
label Biography information for Emily Thornberry more like this
1006913
registered interest false more like this
date less than 2018-11-14more like thismore than 2018-11-14
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 Natural England: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what recent (a) assessments and (b) reports have been produced by UK Government Investments on the financial management of Natural England; and if he will place a copy of those documents in the Library. more like this
tabling member constituency Brighton, Pavilion more like this
tabling member printed
Caroline Lucas more like this
uin 191370 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-23more like thismore than 2018-11-23
answer text <p><strong></strong>UK Government Investments have been asked to carry out an internal governance review of Natural England. The findings of this review are currently being discussed with the Department for the Environment, Food and Rural Affairs and Natural England.</p> more like this
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-11-23T14:30:18.09Zmore like thismore than 2018-11-23T14:30:18.09Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
3930
label Biography information for Caroline Lucas more like this
1006991
registered interest false more like this
date less than 2018-11-14more like thismore than 2018-11-14
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 Wines: Excise Duties more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to the Answer of 17 September to Question 172413 on Public Houses: Non-domestic Rates, what evaluation has been made of the effect of increasing the duty on wine on (a) pubs and (b) the wine industry. more like this
tabling member constituency Birmingham, Selly Oak more like this
tabling member printed
Steve McCabe more like this
uin 191272 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-23more like thismore than 2018-11-23
answer text <p>When considering changes in alcohol duty rates, the Government models changes in consumption driven by those duty-changes, but it does not explicitly model other effects on pubs and the wine industry. The Treasury takes all issues into account when setting alcohol duty rates.</p><p> </p><p>At Budget 2018, we froze duty on beer, cider and spirits. Pubs, and other businesses, with a rateable value below £51,000 will also benefit from the business rates discount announced.</p> more like this
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-11-23T14:49:59.617Zmore like thismore than 2018-11-23T14:49:59.617Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
298
label Biography information for Steve McCabe more like this
1006208
registered interest false more like this
date less than 2018-11-13more like thismore than 2018-11-13
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 Tobacco: Excise Duties more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what effect has plain packaging had on the tax received from tobacco duty receipts in each financial year since that policy was introduced. more like this
tabling member constituency Romford more like this
tabling member printed
Andrew Rosindell more like this
uin 190817 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-21more like thismore than 2018-11-21
answer text <p>There has been a long term reduction in annual tobacco duty receipts, driven by above-RPI increases in duty and changing attitudes to smoking. As shown in the published Tobacco Bulletin July 2018.</p><p> </p><p>In their November 2016 Economic and fiscal outlook the Office of Budget Responsibility revised their estimates of the underlying downward trend in clearances of tobacco. This was to account for various factors including weakness in tobacco receipts and the expected effects of the Tobacco Products Directive. Paragraph 4.75 noted that the effect on receipts from the introduction of standardised tobacco packaging is assumed to be captured by this downward trend in clearances across the forecast period.</p> more like this
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-11-21T16:48:12.13Zmore like thismore than 2018-11-21T16:48:12.13Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
1447
label Biography information for Andrew Rosindell more like this
1003657
registered interest false more like this
date less than 2018-11-09more like thismore than 2018-11-09
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 Treasury: Energy more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what the quantity was of (a) electricity and (b) natural gas used by (i) his Department, (ii) the Crown Estate, (iii) the Financial Conduct Authority, (iv) the Infrastructure and Projects Authority, (v) the National Infrastructure Commission, (vi) the Payment Systems Regulator and (vii) the Royal Mint in each of the last three years for which figures are available. more like this
tabling member constituency Cumbernauld, Kilsyth and Kirkintilloch East more like this
tabling member printed
Stuart C. McDonald more like this
uin 189706 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>The Treasury’s spend on electricity and natural gas between 1 April and 31 March 2018 was £1,506,000. The quantity consumed for electricity and natural gas was 8,170,000 kwh and 85,000 kwh respectively. The other entities are split below:</p><p> </p><table><tbody><tr><td rowspan="2"><p> </p></td><td><p>Electricity</p></td><td><p>Gas</p></td><td><p>Cost</p></td></tr><tr><td><p>kWh</p></td><td><p>kWh</p></td><td><p>£’000</p></td></tr><tr><td><p>HM Treasury (1)</p></td><td><p>8,174,000</p></td><td><p>85,000</p></td><td><p>1,506</p></td></tr><tr><td><p>Crown Estate (2)</p></td><td><p>Nil</p></td><td><p>Nil</p></td><td><p>81</p></td></tr><tr><td><p>Infrastructure and Projects Authority (3)</p></td><td><p>Nil</p></td><td><p>Nil</p></td><td><p>Nil</p></td></tr><tr><td><p>National Infrastructure Commission (4)</p></td><td><p>Nil</p></td><td><p>Nil</p></td><td><p>Nil</p></td></tr><tr><td><p>Royal Mint Ltd (5)</p></td><td><p>130,000,000</p></td><td><p>61,000,000</p></td><td><p>13,657</p></td></tr><tr><td><p>Financial Conduct Authority (6)</p></td><td><p>33,549.295</p></td><td><p>829,351</p></td><td><p>3,957</p></td></tr></tbody></table><p><strong> </strong></p><ol><li><p>Information is published within HM Treasury 2017-18 Annual Report and Accounts pages 189 and 190 <a href="https://www.gov.uk/government/publications/hm-treasury-annual-report-and-accounts-2017-to-2018" target="_blank">https://www.gov.uk/government/publications/hm-treasury-annual-report-and-accounts-2017-to-2018</a></p></li><li><p>The Crown Estate Head Office costs are for Electricity only. Neither the spend for natural gas nor the quantity figures for both electricity and gas are easily available and could not extract them without incurring disproportionate cost.</p></li><li><p>The Infrastructure and Projects Authority (IPA) figures are part of the Cabinet Office and would form part of their remit.</p></li><li><p>The National Infrastructure Commission spend and quantity for electricity and natural gas are not easily available and could not extract them without incurring disproportionate cost</p></li><li><p>The Royal Mint Ltd uses large amounts of electricity and gas in the manufacturing of coinage and has recently invested in a renewable energy source with the purchase of a wind turbine.</p></li><li><p>The Financial Conduct Authority figures are including the Payment Systems Regulator as they do not split them out. The figures exclude 1 Canada Square and Edinburgh as utilities are included in the service charge. This information is provided in our report and accounts on page 146 <a href="https://www.fca.org.uk/publication/annual-reports/annual-report-2017-18.pdf" target="_blank">https://www.fca.org.uk/publication/annual-reports/annual-report-2017-18.pdf</a></p></li></ol>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN 189707 more like this
question first answered
less than 2018-11-19T16:48:25.833Zmore like thismore than 2018-11-19T16:48:25.833Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4393
label Biography information for Stuart C McDonald more like this
1003658
registered interest false more like this
date less than 2018-11-09more like thismore than 2018-11-09
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 Treasury: Energy more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what the cost was of (a) electricity and (b) natural gas used by (i) his Department, (ii) the Crown Estate, (iii) the Financial Conduct Authority, (iv) the Infrastructure and Projects Authority, (v) the National Infrastructure Commission, (vi) the Payment Systems Regulator and (vii) the Royal Mint in each of the last three years for which figures are available. more like this
tabling member constituency Cumbernauld, Kilsyth and Kirkintilloch East more like this
tabling member printed
Stuart C. McDonald more like this
uin 189707 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>The Treasury’s spend on electricity and natural gas between 1 April and 31 March 2018 was £1,506,000. The quantity consumed for electricity and natural gas was 8,170,000 kwh and 85,000 kwh respectively. The other entities are split below:</p><p> </p><table><tbody><tr><td rowspan="2"><p> </p></td><td><p>Electricity</p></td><td><p>Gas</p></td><td><p>Cost</p></td></tr><tr><td><p>kWh</p></td><td><p>kWh</p></td><td><p>£’000</p></td></tr><tr><td><p>HM Treasury (1)</p></td><td><p>8,174,000</p></td><td><p>85,000</p></td><td><p>1,506</p></td></tr><tr><td><p>Crown Estate (2)</p></td><td><p>Nil</p></td><td><p>Nil</p></td><td><p>81</p></td></tr><tr><td><p>Infrastructure and Projects Authority (3)</p></td><td><p>Nil</p></td><td><p>Nil</p></td><td><p>Nil</p></td></tr><tr><td><p>National Infrastructure Commission (4)</p></td><td><p>Nil</p></td><td><p>Nil</p></td><td><p>Nil</p></td></tr><tr><td><p>Royal Mint Ltd (5)</p></td><td><p>130,000,000</p></td><td><p>61,000,000</p></td><td><p>13,657</p></td></tr><tr><td><p>Financial Conduct Authority (6)</p></td><td><p>33,549.295</p></td><td><p>829,351</p></td><td><p>3,957</p></td></tr></tbody></table><p><strong> </strong></p><ol><li><p>Information is published within HM Treasury 2017-18 Annual Report and Accounts pages 189 and 190 <a href="https://www.gov.uk/government/publications/hm-treasury-annual-report-and-accounts-2017-to-2018" target="_blank">https://www.gov.uk/government/publications/hm-treasury-annual-report-and-accounts-2017-to-2018</a></p></li><li><p>The Crown Estate Head Office costs are for Electricity only. Neither the spend for natural gas nor the quantity figures for both electricity and gas are easily available and could not extract them without incurring disproportionate cost.</p></li><li><p>The Infrastructure and Projects Authority (IPA) figures are part of the Cabinet Office and would form part of their remit.</p></li><li><p>The National Infrastructure Commission spend and quantity for electricity and natural gas are not easily available and could not extract them without incurring disproportionate cost</p></li><li><p>The Royal Mint Ltd uses large amounts of electricity and gas in the manufacturing of coinage and has recently invested in a renewable energy source with the purchase of a wind turbine.</p></li><li><p>The Financial Conduct Authority figures are including the Payment Systems Regulator as they do not split them out. The figures exclude 1 Canada Square and Edinburgh as utilities are included in the service charge. This information is provided in our report and accounts on page 146 <a href="https://www.fca.org.uk/publication/annual-reports/annual-report-2017-18.pdf" target="_blank">https://www.fca.org.uk/publication/annual-reports/annual-report-2017-18.pdf</a></p></li></ol>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN 189706 more like this
question first answered
less than 2018-11-19T16:48:25.88Zmore like thismore than 2018-11-19T16:48:25.88Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4393
label Biography information for Stuart C McDonald more like this
1003692
registered interest false more like this
date less than 2018-11-09more like thismore than 2018-11-09
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 Treasury: Billing more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what proportion of contracts issued by his Department and contractors include provisions to impose, as between parties to the subcontract, that any payment due from the contractor to a subcontractor under the contract is to be made no later than the end of a period of 30 days from the date on which the relevant invoice is regarded as valid and undisputed, as required by the Public Contract Regulations 2015. more like this
tabling member constituency Hemsworth more like this
tabling member printed
Jon Trickett more like this
uin 189573 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>Through the Public Contract Regulations 2015, all public sector buyers must include 30-day payment terms in new public sector contracts; and require that this payment term be passed down the supply chain. Public sector buyers must also publish annually on their payment performance.</p><p> </p><p>Government strongly encourages businesses to report poor payment practice and instances of late payment, including late payment through the supply chain, in public sector contracts to its Mystery Shopper service. Mystery Shopper will then investigate.</p> more like this
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-11-19T13:45:41.363Zmore like thismore than 2018-11-19T13:45:41.363Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
410
label Biography information for Jon Trickett more like this