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872470

registered interest
date	26/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Tax Credit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Bates on 19 February (HL5370), where they have published the outcome of the application of the Family Test; and if it has not been published, when it will be.
tabling member printed	Baroness Lister of Burtersett
uin	HL6647
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The Government is committed to ensuring that the potential impacts on families of all policies are carefully taken into account as part of the policymaking process. The objective of the Family Test is to introduce an explicit family perspective to the policy making process, and ensure that potential impacts on family relationships and functioning are made explicit and recognised in the process of developing new policy.</p><p>While Family Test assessments are not routinely published by the Government, an impact assessment of Limiting Support to Two Children in Tax Credits/Universal Credit is available on the parliament website.</p><p> </p><p> </p> answering member printed Lord Bates question first answered 29/03/2018 15:06:14 answering member 1091 label Biography information for Lord Bates
tabling member	4234 label Biography information for Baroness Lister of Burtersett

870271

registered interest
date	23/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they intend to take to support, promote and increase the ethical personal lending market as an alternative to high-cost credit providers.
tabling member printed	Lord Bird
uin	HL6605
answer	answer is ministerial correction date of answer 29/03/2018 answer text The government is committed to delivering a well-functioning and sustainable consumer credit market which is able to meet the needs of all consumers.<p> </p>In March, the government hosted the first meeting of the Financial Inclusion Policy Forum, a new key initiative bringing together government, regulators, industry and the third sector to coordinate action and provide leadership in tackling these challenges. The Forum’s mission is to ensure that individuals, regardless of their background or income, have access to useful and affordable financial products and services, including affordable credit.<p> </p><p>The government also supports credit unions, which provide an affordable alternative to high-cost credit. In the Autumn Budget 2017, the government announced its intention to help the sector expand by increasing the number of potential members of credit unions from two million to three million. In addition, from this year a greater proportion of funds recovered from illegal money lenders will be allocated to incentivise vulnerable people to join, save, and borrow with a credit union instead of turning to loan sharks.</p> answering member printed Lord Bates question first answered 29/03/2018 14:42:59 answering member 1091 label Biography information for Lord Bates
tabling member	4564 label Biography information for Lord Bird

870281

registered interest
date	23/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Trade Barriers
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how they intend to protect the economy from the effects of any trade war, following the UK's withdrawal from the EU.
tabling member printed	Viscount Waverley
uin	HL6615
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The UK is a global advocate for free trade and continues to work with global partners and as part of multilateral discussions at the WTO to tackle protectionism and protectionist measures.</p><p> </p><p>When the UK leaves the EU, we will play a full part in promoting compliance with the rules-based trading system and, if necessary, make use of the WTO’s dispute resolution procedures in defence of our national interests.</p><p> </p><p>As part of preparations for the UK’s exit from the EU, we are also committed to creating a trade remedies framework which is able to react efficiently and effectively to tackle unfair trade where necessary.</p> answering member printed Lord Bates question first answered 29/03/2018 14:57:07 answering member 1091 label Biography information for Lord Bates
tabling member	1744 label Biography information for Viscount Waverley

869576

registered interest
date	22/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: UK Trade with EU
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what lessons they have learned from the Transatlantic Trade and Investment Partnership negotiations between the EU and the United States with regard to the United States Treasury's difficulties over freeing up barriers in the financial services sector.
tabling member printed	Lord Jopling
uin	HL6581
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The European Commission has exclusive competence for common commercial policy and negotiates external trade policy, including on financial services, on behalf of Member States. While the European Commission and the United States discussed financial services in the Transatlantic Trade and Investment Partnership (TTIP) negotiations, the experience of those negotiations is specific to the trading partners concerned and the position of the United States at that time.</p><p> </p><p>The EU proposed to use TTIP to establish greater regulatory cooperation and support a clearer basis for market access for financial services. In the context of the UK-EU negotiations, the Chancellor of the Exchequer set out in his speech at Canary Wharf that the UK is willing to negotiate with the EU on financial services and the parameters of a future relationship building on a range of precedents including the EU’s ambition in TTIP talks.</p> answering member printed Lord Bates question first answered 29/03/2018 14:56:17 answering member 1091 label Biography information for Lord Bates
tabling member	883 label Biography information for Lord Jopling

868225

registered interest
date	20/03/2018
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	UNRWA
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what action they are taking to support the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in its work and to address its current financial crisis; and what representations they have made to the government of the United States following that government's decision to withhold more than half its funding to UNRWA in 2018.
tabling member printed	The Marquess of Lothian
uin	HL6497
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The UK remains unequivocally committed to supporting the UN Relief and Works Agency for Palestine Refugees (UNRWA), and has so far provided around £50 million in 2017/18 to help the Agency provide key services to Palestinian refugees across the region including basic education and health. On 15 March 2018 the Minister of State for the Middle East and North Africa, Alistair Burt, announced that the UK has offered to deliver its next round of financial support earlier than originally planned, to help alleviate the pressure that UNRWA is currently facing. Minister Burt has spoken to United States (US) counterparts to discuss how best to ensure the sustainable delivery of UNRWA’s services, and UK officials are also in discussion with US representatives.</p> answering member printed Lord Bates question first answered 29/03/2018 15:55:03 answering member 1091 label Biography information for Lord Bates
tabling member	259 label Biography information for The Marquess of Lothian

868233

registered interest
date	20/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Insurance Contributions: Older People
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much revenue they estimate would be raised if a national insurance charge of one per cent were applied to the employment, pension, savings, and rental income of those over retirement age, assuming the same national insurance allowance as for those below retirement age.
tabling member printed	Lord Macpherson of Earl's Court
uin	HL6505
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The revenue raised from increasing Class 1 national insurance rates on employment income by 1% may be approximated using the “Direct effects of illustrative tax changes”<sup>1</sup>.</p><p> </p><p>This shows the yield from a change in the Class 1 employee main rate by 1 percentage point and the Class 1 employee additional rate by 1 percent point in 2018-19 through to 2020-21.</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>(£m)</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td><td><p><strong>2020-21</strong></p></td></tr><tr><td><p><strong>Change Class 1 employee main rate by 1 percent point</strong></p></td><td><p>4050</p></td><td><p>4200</p></td><td><p>4300</p></td></tr><tr><td><p><strong>Change Class 1 employee additional rate by 1 percent point</strong></p></td><td><p>890</p></td><td><p>910</p></td><td><p>940</p></td></tr></tbody></table><ol><li><strong>Extract of the table as published at the following address: </strong><a href="https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes</a></li></ol><p><strong> </strong></p>An estimate of the impact of introducing a NICs charge for those over state pension age or a surcharge for those below state pension age on rental, savings, and pensions income is not available. National Insurance is not currently payable on these income streams and therefore a number of policy design decisions would need to be taken in order to estimate how much would be raised from introducing such a charge. answering member printed Lord Bates question first answered 29/03/2018 16:01:14 answering member 1091 label Biography information for Lord Bates
tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

868234

registered interest
date	20/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Insurance Contributions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much revenue they estimate would be raised if a national insurance surcharge of one per cent were applied to the employment, rental, savings, and pensions income of those below retirement age.
tabling member printed	Lord Macpherson of Earl's Court
uin	HL6506
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The revenue raised from increasing Class 1 national insurance rates on employment income by 1% may be approximated using the “Direct effects of illustrative tax changes”<sup>1</sup>.</p><p> </p><p>This shows the yield from a change in the Class 1 employee main rate by 1 percentage point and the Class 1 employee additional rate by 1 percent point in 2018-19 through to 2020-21.</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>(£m)</strong></p></td><td><p><strong>2018-19</strong></p></td><td><p><strong>2019-20</strong></p></td><td><p><strong>2020-21</strong></p></td></tr><tr><td><p><strong>Change Class 1 employee main rate by 1 percent point</strong></p></td><td><p>4050</p></td><td><p>4200</p></td><td><p>4300</p></td></tr><tr><td><p><strong>Change Class 1 employee additional rate by 1 percent point</strong></p></td><td><p>890</p></td><td><p>910</p></td><td><p>940</p></td></tr></tbody></table><ol><li><strong>Extract of the table as published at the following address: </strong><a href="https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes" target="_blank">https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes</a></li></ol><p><strong> </strong></p>An estimate of the impact of introducing a NICs charge for those over state pension age or a surcharge for those below state pension age on rental, savings, and pensions income is not available. National Insurance is not currently payable on these income streams and therefore a number of policy design decisions would need to be taken in order to estimate how much would be raised from introducing such a charge. answering member printed Lord Bates question first answered 29/03/2018 14:45:32 answering member 1091 label Biography information for Lord Bates
tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

868247

registered interest
date	20/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Standards
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their estimate of the cost to the UK economy of the universal application of the Common Reporting Standards and consequent obligations on individuals, entities and controlling persons to complete tax residency self-certification forms, including for multiple institutions.
tabling member printed	Lord Vinson
uin	HL6519
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6520 HL6521 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
tabling member	1807 label Biography information for Lord Vinson

868248

registered interest
date	20/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their estimate of the costs to (1) banks, (2) insurance companies, (3) charities, and (4) other financial institutions, of the universal application of the Common Reporting Standards and consequent obligations on individuals, entities and controlling persons to complete tax residency self-certification forms, including for multiple institutions.
tabling member printed	Lord Vinson
uin	HL6520
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6519 HL6521 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
tabling member	1807 label Biography information for Lord Vinson

868249

registered interest
date	20/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is their estimate of the number of tax residency self-certification forms completed by (1) individuals, (2) entities, and (3) controlling persons, since the introduction in the UK of the Common Reporting Standards; and how many such forms they estimate will be completed annually in future.
tabling member printed	Lord Vinson
uin	HL6521
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>The estimated economic impact of implementing the Common Reporting Standard and the estimated costs to business were set out in a Tax Information and Impact Note (TIIN) published on 18 March 2015.</p><p> </p><p>Tax residency self-certification forms are requested by financial institutions to help determine whether account holders are reportable under the CRS. The Government has not estimated the number of tax residency self-certification forms that have been completed or will be completed annually in future.</p> answering member printed Lord Bates grouped question UIN HL6519 HL6520 question first answered 29/03/2018 14:46:18 answering member 1091 label Biography information for Lord Bates
tabling member	1807 label Biography information for Lord Vinson