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178792

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Savings: Pensioners
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what advice his Department provides to pensioners on how to invest their money.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	224108
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>At Budget 2014, the Chancellor announced a number of measures to give people more choice about how they use and manage their money in retirement.</p><p> </p><p> </p><p> </p><p>The Chancellor announced that from April 2015, anyone 55 and over will be able to access their defined contribution pension savings and use the savings as they choose.</p><p> </p><p> </p><p> </p><p>A new service, Pension Wise, will provide guidance online, face-to-face and on the phone, and will be up and running in time for April 2015.</p><p> </p><p>The website, in pilot form, is already available.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/02/2015 16:51:39 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4131 label Biography information for Jim Shannon

178817

registered interest
date	10/02/2015
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Emergency Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, if he will ensure that the change in definition of ambulance in Government Amendment 43 of the House of Lords Committee stage of the Deregulation Bill will continue to permit private ambulance and medical providers to operate (a) conventional ambulances and (b) fast response cars and motorbikes under blue lights.
tabling member constituency	Aldershot
tabling member printed	Sir Gerald Howarth
uin	223991
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>The relevant clause now contained in the Deregulation Bill is not intended to have any effect on the existing legal status of ambulances, including those used by the private or voluntary sector. Conventional ambulances may continue to use blue lights and be exempt from certain road traffic provisions when responding to emergencies. The amendments in the Bill continue to allow vehicles dispatched by the NHS ambulance services (including vehicles that private ambulance and medical providers operate), that are not ambulances, by allowing them to use blue lights and extending the road traffic exemptions to them.</p><p> </p> answering member constituency West Dorset answering member printed Mr Oliver Letwin question first answered 25/02/2015 17:08:35 answering member 247 label Biography information for Sir Oliver Letwin
tabling member	47 label Biography information for Sir Gerald Howarth

178820

registered interest
date	10/02/2015
answering body	HM 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 Mr Chancellor of the Exchequer, pursuant to the Answer of 3 February 2015 to Question 221932, what estimate he has made of the number of redundancies in the offshore drilling sector since the introduction of the Investment Allowance.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	224045
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>The government understands the challenges currently facing the UK oil and gas industry and is following developments in the North Sea closely.</p><p> </p><p>The Investment Allowance rewards companies investing in the long-term future of the basin – at all stages of the investment life cycle – and we would expect it to significantly reduce the effective tax rate for companies investing in the UK Continental Shelf.</p><p> </p><p> </p><p> </p><p>Work on the design of the new Investment Allowance has been progressing rapidly since December - the government published a consultation document on its proposals on 22 January.</p><p> </p><p> </p><p> </p><p>The government recognises the importance of the industry to local economies and as an employer. The report published by the Department for Business, Innovation and Skills, in partnership with Oil and Gas UK and OPITO (the Offshore Petroleum Industry Training Organisation) in December, “Fuelling the next generation: A study of the UK upstream oil and gas workforce” highlighted both the sector’s current contribution to employment and its future potential. The government will continue to work closely with industry through the Oil and Gas Industry Council and with the newly-formed Scottish Energy Jobs Taskforce to support jobs in the sector, develop the industry’s skills base and make sure this potential is realised.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 25/02/2015 16:59:44 answering member 4066 label Biography information for Priti Patel
tabling member	4122 label Biography information for Alex Cunningham

178822

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Institutions: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimates his Department has made of the amount that would be raised from hedge funds, or similar financial institutions, by closing tax loopholes arising from the use of mixed membership partnerships.
tabling member constituency	North East Cambridgeshire
tabling member printed	Stephen Barclay
uin	224082
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>As part of the partnerships review legislation was introduced in Finance Act 2014 to prevent tax-motivated allocations of business profits in partnerships where the partners include both individuals and companies (mixed membership partnerships).</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>During consultation, it became apparent that the use of mixed membership partnerships by hedge funds to avoid tax was widespread. As a result, the yield scored for the measure was increased by £1.92 bn over the scorecard period. All of this additional yield relates to the hedge fund sector.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 25/02/2015 16:54:22 answering member 1529 label Biography information for Mr David Gauke
tabling member	4095 label Biography information for Steve Barclay

178824

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 9 February 2015 to Question 221932, when the Joint Oil and Gas Industrial Strategy was published; what discussions he has had regarding the Strategy with his ministerial colleagues in the Department for Business, Innovation and Skills since the fall in international oil prices; and what updates his Department has proposed to the Strategy since July 2014.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	224043
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>Actions on fiscal matters fall under the responsibility of HM Treasury (as stated in the industrial strategy) and these actions are taken forward in collaboration with the Oil and Gas Fiscal Forum. The Forum is separate from the Oil and Gas Industry Council, who have responsibility for the Oil and Gas Industrial Strategy, in partnership with BIS.</p><p> </p><p> </p><p> </p><p>The Oil and Gas Industrial Strategy is kept under review by the Oil and Gas Industry Council. The Council met in November 2014 and is due to meet next in March 2015.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 25/02/2015 16:59:28 answering member 4066 label Biography information for Priti Patel
tabling member	4122 label Biography information for Alex Cunningham

178825

registered interest
date	10/02/2015
answering body	HM 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 Mr Chancellor of the Exchequer, pursuant to the Answer of 9 February 2015 to Question 221932, what estimate he has made of the effect of the reduction in the rate of Supplementary Charge on levels of (a) employment, (b) exploration activity, (c) infrastructure maintenance and (d) decommissioning in the offshore oil and gas industry to date.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	224042
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>The government recognises the importance of the UK oil and gas industry and its contribution to energy security and the UK economy. We are committed to the future of the industry and creating the right conditions to maximise economic recovery.</p><p> </p><p> </p><p>At Autumn Statement, the government published a radical plan for the future of the oil and gas fiscal regime and set out a package of measures, including the reduction in the rate of the Supplementary Charge, to tackle the fiscal challenges and ensure the UKCS continues to attract investment, simplify the current system, and remove barriers at all stages of the production life cycle. The package is expected to drive around £7bn of additional investment and 350m barrels of oil equivalent production.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 25/02/2015 16:59:13 answering member 4066 label Biography information for Priti Patel
tabling member	4122 label Biography information for Alex Cunningham

178827

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Greece
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 possible risk of Greek sovereign default and subsequent effects on the UK banking sector.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	224031
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>The Treasury regularly monitors global economic developments and their impact on the UK as part of the normal process of policy development. The UK is one of the most open economies in the world through trade and financial channels, and we are not immune to developments in the global economy. The best way to insulate the UK economy from any such instability is to stick to our long term economic plan.</p><p> </p><p> </p><p> </p><p>The exposure of UK banks to Greece is small. Moreover the Bank of England’s recent stress tests showed that our banking sector is far stronger and better capitalised than before.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 224032 question first answered 25/02/2015 16:52:38 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1566 label Biography information for Daniel Kawczynski

178833

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent representations he has received on Equitable Life compensation packages; and if he will make a statement.
tabling member constituency	Gedling
tabling member printed	Vernon Coaker
uin	224013
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>The Treasury continues to talk to many interested parties on this important issue.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/02/2015 16:52:53 answering member 4117 label Biography information for Andrea Leadsom
tabling member	360 label Biography information for Lord Coaker

178837

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Taxation
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 revenues to the Exchequer arising from an EU financial transaction tax.
tabling member constituency	Carmarthen East and Dinefwr
tabling member printed	Jonathan Edwards
uin	223995
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>I refer the hon. Member to the answer given on 31 January 2013, Official Report, column 924W.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 25/02/2015 16:54:05 answering member 1529 label Biography information for Mr David Gauke
tabling member	3943 label Biography information for Jonathan Edwards

178838

registered interest
date	10/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sports: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, on which occasions his Department has received representations on the introduction of special tax arrangements to support a major sporting event since May 2010.
tabling member constituency	Bradford South
tabling member printed	Mr Gerry Sutcliffe
uin	223937
answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>The Government receives representations on a wide range of issues. Providing tax exemptions are often a requirement of the bidding process.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 25/02/2015 16:54:52 answering member 1529 label Biography information for Mr David Gauke
tabling member	403 label Biography information for Mr Gerry Sutcliffe