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1126686
registered interest false more like this
date less than 2019-05-14more like thismore than 2019-05-14
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 Company Cars: Taxation 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 when they plan to announce the benefits in kind rate for company cars for the years after 2021; and what assessment they have made of the impact on car owners of the rates not yet being publicly available. more like this
tabling member printed
Lord Berkeley more like this
uin HL15703 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-23more like thismore than 2019-05-23
answer text <p>The government aims to publish emissions-based company car tax rates in advance to help employees and industry plan.</p><p> </p><p>However, as emissions testing changes in 2020, the government is reviewing the impact of the new Worldwide Light vehicle Test Procedure (WLTP) on vehicle taxes. The government will respond shortly to the review.</p> more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-23T16:34:35.163Zmore like thismore than 2019-05-23T16:34:35.163Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
3526
label Biography information for Lord Berkeley more like this
1126718
registered interest false more like this
date less than 2019-05-14more like thismore than 2019-05-14
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 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 have modelled the systemic risk impact of growth in instructional, non bank, lending. more like this
tabling member printed
Lord Myners more like this
uin HL15735 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-22more like thismore than 2019-05-22
answer text <p>The Financial Policy Committee (FPC) of the Bank of England was set up to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system as part of the new financial regulatory framework legislated for under The Financial Services Act 2012. Part of the FPC’s remit includes the responsibility for assessing risks in the financial system, including from the non-bank financial system. The FPC set out its most recent assessment of financial stability risks from the non-bank financial sector in its 28th November 2018 Financial Stability Report.</p> more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-22T16:28:54.077Zmore like thismore than 2019-05-22T16:28:54.077Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
3869
label Biography information for Lord Myners more like this
1126719
registered interest false more like this
date less than 2019-05-14more like thismore than 2019-05-14
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 London Capital & Finance: Insolvency 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 the proposed independent review of the Financial Conduct Authority's (FCA) supervision of London Capital and Finance will be supported by (1) an independent secretariat, or (2) secondees from the (a) FCA, (b) Prudential Regulation Authority, (c) HM Treasury, or (d) Bank of England. more like this
tabling member printed
Lord Myners more like this
uin HL15736 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-23more like thismore than 2019-05-23
answer text <p>On 23<sup>rd</sup> May, the Economic Secretary to the Treasury laid before Parliament a Direction requiring the Financial Conduct Authority (FCA) to carry out an independent investigation into the events and circumstances surrounding the failure of London Capital and Finance. The operational resourcing of this investigation will be a matter for the FCA and Dame Elizabeth Gloster, the independent investigator it appointed.</p> more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-23T16:38:21.867Zmore like thismore than 2019-05-23T16:38:21.867Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
3869
label Biography information for Lord Myners more like this
1126732
registered interest false more like this
date less than 2019-05-14more like thismore than 2019-05-14
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 Political Parties: Finance 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 Electoral Commission about putting in place safeguards to ensure that political parties do not receive donations from people promoting the interests of other countries during and between election campaigns. more like this
tabling member printed
Baroness Tonge more like this
uin HL15749 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-16more like thismore than 2019-05-16
answer text <p>The Electoral Commission in its 2018 report ‘Digital campaigning - Increasing transparency for voters’, included recommendations relating to foreign donations and campaigning. The Government has discussed these with the Electoral Commission.</p><p>On 5th May 2019, the Government announced it will consult on safeguarding UK elections. The consultation may consider recommendations for increasing transparency on digital political advertising, including by third parties; closing loopholes on foreign spending in elections; preventing shell companies from sidestepping the current rules on political finance and on action to tackle foreign lobbying.</p> more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-16T16:09:24.067Zmore like thismore than 2019-05-16T16:09:24.067Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
200
label Biography information for Baroness Tonge more like this
1126735
registered interest false more like this
date less than 2019-05-14more like thismore than 2019-05-14
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 Political Parties: Limited Liability 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 which registered political parties in the UK have the status of also being companies with limited liability. more like this
tabling member printed
Lord Wigley more like this
uin HL15752 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-16more like thismore than 2019-05-16
answer text <p>The Electoral Commission registers political parties and maintains the registers of political parties in Great Britain and Northern Ireland. It is independent of the Government and accountable to Parliament.</p><p>The Electoral Commission publishes a database of registered political parties on its website. This includes whether a political party is also a campaigner. Further information can be found at: http://search.electoralcommission.org.uk.</p> more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-16T16:15:45Zmore like thismore than 2019-05-16T16:15:45Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
547
label Biography information for Lord Wigley more like this
1126305
registered interest false more like this
date less than 2019-05-13more like thismore than 2019-05-13
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 Insolvency 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 was the basis for their estimate in the consultation by HMRC Protecting your taxes in insolvency, published on 26 February, that the reintroduction of preferential status for any Crown creditor would yield £185 million per annum in additional tax revenue. more like this
tabling member printed
Baroness Hayter of Kentish Town more like this
uin HL15665 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-22more like thismore than 2019-05-22
answer text <p>The estimate is the tax recovered from insolvencies that HM Revenue and Customs (HMRC) would not otherwise have collected before the policy was implemented. Adjustments were made for tax and payment timing.</p> more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-22T16:21:03.407Zmore like thismore than 2019-05-22T16:21:03.407Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
4159
label Biography information for Baroness Hayter of Kentish Town more like this
1126306
registered interest false more like this
date less than 2019-05-13more like thismore than 2019-05-13
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 Insolvency 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 the proposals in the consultation by HMRC Protecting your taxes in insolvency, published on 26 February, to reintroduce preferential status for any Crown creditor takes into account lost Government revenue resulting from other taxpayers suffering additional bad debts due to the priority payment of HMRC, and any consequential loss to the economy resulting other taxpayers themselves becoming insolvent due to an increased burden of bad debt; and what assessment, if any, they have made of the impact of that change on lending. more like this
tabling member printed
Baroness Hayter of Kentish Town more like this
uin HL15666 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-22more like thismore than 2019-05-22
answer text <p>The ‘Protecting your taxes in insolvency’ proposals take into account lost government revenue resulting from other taxpayers suffering additional bad debts due to the priority payment of HMRC.</p><p> </p><p>Lending against fixed assets will not be impacted by this measure, but lending against floating assets will be impacted, as HMRC will move above secured creditors with floating charges in insolvencies.</p><p> </p><p>At Budget 2018, the independent OBR chose not to make any adjustments to their economic forecast in response to this measure.</p> more like this
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-22T16:22:56.03Zmore like thismore than 2019-05-22T16:22:56.03Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
4159
label Biography information for Baroness Hayter of Kentish Town more like this
1126332
registered interest false more like this
date less than 2019-05-13more like thismore than 2019-05-13
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 Banking Hubs: Competition 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 update competition law to allow for shared banking hubs in areas where local bank branches have been closed. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL15692 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-22more like thismore than 2019-05-22
answer text <p>Branch closures can be difficult for the communities affected and the Government pays close attention to this issue. However, the decision to close a branch is a commercial one for a firm, and Government does not intervene in those decisions.</p><p> </p><p>However, the Government is equally clear that as banking providers seek to respond to technological advances and changes in customer behaviour, they must also consider carefully the needs of those who still rely on their local bank branch. Since May 2017, the major high street banks have been signed up to the Access to Banking Standard, which commits them to work with customers and communities to minimise the impact of branch closures and put in place alternative banking services.</p><p> </p><p>The Government also supports the Post Office Banking Framework Agreement which enables 99% of the UK’s personal and 95% of the UK’s small business customers to withdraw money, deposit cash and cheques and check balances at any one of the Post Office’s network of 11,500 branches.</p><p> </p><p> </p><p>While banks do have to comply with competition law, there is no specific regulation that prevents banks from sharing branches or other premises where their strategies align. The Government therefore has no plans to update competition law on this basis. Government does not intervene in these commercial decisions, but will continue to encourage banks to think creatively about how they can ensure that consumers can access a wide range of banking services on a sustainable basis. For example, NatWest, Lloyds Bank and Barclays are trialling shared business banking hubs in 6 locations across the UK in the coming weeks.</p>
answering member printed Lord Young of Cookham remove filter
question first answered
less than 2019-05-22T16:37:43.297Zmore like thismore than 2019-05-22T16:37:43.297Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this
1125502
registered interest false more like this
date less than 2019-05-08more like thismore than 2019-05-08
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 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 estimate they have made of the cost to HM Treasury of "cum-ex" tax fraud since 2012; and whether there have been any related prosecutions. more like this
tabling member printed
Baroness McIntosh of Pickering more like this
uin HL15597 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-21more like thismore than 2019-05-21
answer text <p>“Cum-ex” tax fraud exploits rules which impose withholding tax (WHT) on dividend payments. The UK does not apply WHT to dividend payments; there is no direct UK tax impact on banks, other taxpayers or HM Treasury.</p> more like this
answering member printed Lord Young of Cookham remove filter
grouped question UIN HL15598 more like this
question first answered
less than 2019-05-21T14:12:33.433Zmore like thismore than 2019-05-21T14:12:33.433Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
384
label Biography information for Baroness McIntosh of Pickering more like this
1125503
registered interest false more like this
date less than 2019-05-08more like thismore than 2019-05-08
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 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 impact of "cum-ex" tax fraud on (1) banks, (2) taxpayers, and (3) HM Treasury. more like this
tabling member printed
Baroness McIntosh of Pickering more like this
uin HL15598 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-21more like thismore than 2019-05-21
answer text <p>“Cum-ex” tax fraud exploits rules which impose withholding tax (WHT) on dividend payments. The UK does not apply WHT to dividend payments; there is no direct UK tax impact on banks, other taxpayers or HM Treasury.</p> more like this
answering member printed Lord Young of Cookham remove filter
grouped question UIN HL15597 more like this
question first answered
less than 2019-05-21T14:12:33.37Zmore like thismore than 2019-05-21T14:12:33.37Z
answering member
57
label Biography information for Lord Young of Cookham more like this
tabling member
384
label Biography information for Baroness McIntosh of Pickering more like this