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573376

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Company Accounts: Multinational Companies
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of country-by-country reporting regulations on the competitiveness of the UK economy.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	44141
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>The Government has consistently pushed for broad international agreement on public country-by-country reporting. This will ensure that public country-by-country reporting achieves its transparency objectives of requiring multinationals to disclose information on their activities, profits and taxes paid across the full range of countries in which they operate.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 12/09/2016 14:50:05 answering member 3918 label Biography information for Jane Ellison
tabling member	4432 label Biography information for Patrick Grady

573377

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tax Allowances: Landlords
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 number of private landlords who will be affected by the tax relief change to higher rate taxpayers announced in the Summer Budget 2015.
tabling member constituency	Oldham West and Royton
tabling member printed	Jim McMahon
uin	44101
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>HMRC estimate that 1 in 5 landlords will pay more tax as a result of this measure.</p><p> </p><p>Given that only a small proportion of the housing market is affected by this change, the Government does not expect these changes to have a large impact on rent levels or house prices. The Office of Budget Responsibility (OBR) also expects the impact on the housing market will be small.</p><p> </p><p>The Government will double the housing budget from 2018-19 and has set out the most ambitious affordable housing plan since the 1970s to support working people in their aim to own their own home, together the measures in the plan amount to over £20 billion of investment in housing between 2016-17 and 2020-21.</p><p> </p><p>The level of housing benefits is dependent on a number of factors such as, household and individual circumstances in regards to employment and household income, inflation and rents. The Government does not expect a large impact on rent levels from this policy, and any impact would be dampened in the short term due to other policy decisions. Therefore, the government does not anticipate changes to the overall level of housing benefits as a result. Nevertheless, the government will continue to monitor rental levels charged in the private rented sector.</p><p> </p><p>Landlords are required to maintain their properties to a legal minimum standard. The reform to the wear and tear allowance means that all landlords will now be able to offset the costs of replacing furnishings in their properties removing the previous disincentive to do so. The Government therefore does not think that the changes to the tax rules will reduce standards for tenants.</p><p> </p><p>Some landlords may face difficult decisions regarding their properties. This is why the Government has chosen to act in a proportionate and gradual way. Basic rate income tax relief will still be available on a landlord’s finance costs, the restriction will not be introduced until April 2017 and then it will be phased in over 4 years. This gives landlords time to plan ahead of the changes.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 44504 question first answered 12/09/2016 14:33:13 answering member 3918 label Biography information for Jane Ellison
tabling member	4569 label Biography information for Jim McMahon

573379

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Widowed Parent's Allowance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many widowed parents and bereaved cohabiting parents will be financially worse off as a result of the planned changes to the widowed parent's allowance.
tabling member constituency	East Renfrewshire
tabling member printed	Kirsten Oswald
uin	44076
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>The new Bereavement Support Payment will be introduced from April 2017 for new claimants only. Existing claimants of Widowed Parent's Allowance and Bereavement Allowance will remain on those benefits for the lifetime of their awards, so there will be no impact on them or their families.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 12/09/2016 10:19:49 answering member 1529 label Biography information for Mr David Gauke
tabling member	4413 label Biography information for Kirsten Oswald

573380

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Air Passenger Duty: Manchester Airport
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will estimate how much air passenger duty was paid by passengers using Manchester Airport in each year since 2011.
tabling member constituency	Oldham West and Royton
tabling member printed	Jim McMahon
uin	44066
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>HM Revenue and Customs does not collect information on air passenger duty (APD) revenues by airport as APD is payable by airlines and not on a per airport basis.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 12/09/2016 09:48:55 answering member 3918 label Biography information for Jane Ellison
tabling member	4569 label Biography information for Jim McMahon

573381

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Excise Duties: Greater Manchester
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will estimate how much fuel duty was collected by filling stations in Greater Manchester in each year since 2011.
tabling member constituency	Oldham West and Royton
tabling member printed	Jim McMahon
uin	44067
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>HM Revenue and Customs (HMRC) does not collect fuel duty from filling stations. Fuel duty is paid on hydrocarbon oil when it is released for consumption in the UK, either from a UK refinery or an excise warehouse. HMRC therefore does not collect the data to produce a reliable estimate.</p><p> </p><p>Fuel duty receipts for the whole of the UK are published by HMRC, and are available in the Hydrocarbon Oils Bulletin:</p><p><a href="https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutybulletins.aspx" target="_blank">https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutybulletins.aspx</a></p><p> </p><p> </p> answering member constituency Battersea answering member printed Jane Ellison question first answered 12/09/2016 09:47:57 answering member 3918 label Biography information for Jane Ellison
tabling member	4569 label Biography information for Jim McMahon

573382

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Investment Trusts: Property
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to monitor and regulate the liquidity ratio on property funds.
tabling member constituency	Solihull
tabling member printed	Julian Knight
uin	44009
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>The monitoring and regulation of property funds is a matter for the Financial Conduct Authority. Action by the government and the Bank of England over the last six years has substantially strengthened the resilience of the financial system.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 12/09/2016 10:37:42 answering member 3929 label Biography information for Simon Kirby
tabling member	4410 label Biography information for Julian Knight

573565

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Services: Interest Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of large banking institutions charging negative interest rates on the small business sector.
tabling member constituency	Berwickshire, Roxburgh and Selkirk
tabling member printed	Calum Kerr
uin	44594
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>The interest rates banks charge on their products is a commercial decision for them. The Government is aware that RBS and NatWest have written to businesses stating that a negative base rate may lead them to introduce negative interest rates, but they have not actually done so as yet. The base rate is set by the Bank of England’s independent Monetary Policy Committee, and the Chancellor of the Exchequer welcomed the decision of the Committee to use monetary policy to support the economy through this period of adjustment. As recent figures on jobs and growth have shown, we enter this period of adjustment from a position of economic strength.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 12/09/2016 10:27:38 answering member 3929 label Biography information for Simon Kirby
tabling member	4379 label Biography information for Calum Kerr

573566

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to the findings of the Centre for Cities report, entitled 10 years of tax, published on 7 July 2016, what steps his Department has taken since 2010 to address regional variations in tax generation.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	44547
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>We have gone further than any other government in devolving significant powers and funding from central government to city regions through devolution deals - which will result in high quality jobs, local growth, and reduce regional variations in tax generation. We are breaking with decades of centralisation, handing real powers away from Whitehall and closer to local people.</p><p> </p><p>The government has made several commitments which will boost high quality job creation across the regions. £200m has been committed to Transport for the North, strategic investments have been made in science (including £235m for the Sir Henry Royce Institute in Manchester,) Hull has been backed as the 2017 City of Culture, and we are creating a Midlands Engine Investment Fund of over £250m.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 44480 question first answered 12/09/2016 10:10:54 answering member 1529 label Biography information for Mr David Gauke
tabling member	298 label Biography information for Steve McCabe

573567

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages: Government Assistance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the recent changes to mortgage interest relief on the private-rented sector in relation to (a) average rents, (b) availability of private sector accommodation, (c) housing benefit levels and (d) quality of rental properties.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	44504
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>HMRC estimate that 1 in 5 landlords will pay more tax as a result of this measure.</p><p> </p><p>Given that only a small proportion of the housing market is affected by this change, the Government does not expect these changes to have a large impact on rent levels or house prices. The Office of Budget Responsibility (OBR) also expects the impact on the housing market will be small.</p><p> </p><p>The Government will double the housing budget from 2018-19 and has set out the most ambitious affordable housing plan since the 1970s to support working people in their aim to own their own home, together the measures in the plan amount to over £20 billion of investment in housing between 2016-17 and 2020-21.</p><p> </p><p>The level of housing benefits is dependent on a number of factors such as, household and individual circumstances in regards to employment and household income, inflation and rents. The Government does not expect a large impact on rent levels from this policy, and any impact would be dampened in the short term due to other policy decisions. Therefore, the government does not anticipate changes to the overall level of housing benefits as a result. Nevertheless, the government will continue to monitor rental levels charged in the private rented sector.</p><p> </p><p>Landlords are required to maintain their properties to a legal minimum standard. The reform to the wear and tear allowance means that all landlords will now be able to offset the costs of replacing furnishings in their properties removing the previous disincentive to do so. The Government therefore does not think that the changes to the tax rules will reduce standards for tenants.</p><p> </p><p>Some landlords may face difficult decisions regarding their properties. This is why the Government has chosen to act in a proportionate and gradual way. Basic rate income tax relief will still be available on a landlord’s finance costs, the restriction will not be introduced until April 2017 and then it will be phased in over 4 years. This gives landlords time to plan ahead of the changes.</p> answering member constituency Battersea answering member printed Jane Ellison grouped question UIN 44101 question first answered 12/09/2016 14:33:13 answering member 3918 label Biography information for Jane Ellison
tabling member	3966 label Biography information for Ian Murray

573569

registered interest
date	02/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Job Creation: Urban Areas
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 July 2016 to Question 42179, what plans he has to support the creation of high quality and high paying jobs in city regions.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	44480
answer	answer is ministerial correction date of answer 12/09/2016 answer text <p>We have gone further than any other government in devolving significant powers and funding from central government to city regions through devolution deals - which will result in high quality jobs, local growth, and reduce regional variations in tax generation. We are breaking with decades of centralisation, handing real powers away from Whitehall and closer to local people.</p><p> </p><p>The government has made several commitments which will boost high quality job creation across the regions. £200m has been committed to Transport for the North, strategic investments have been made in science (including £235m for the Sir Henry Royce Institute in Manchester,) Hull has been backed as the 2017 City of Culture, and we are creating a Midlands Engine Investment Fund of over £250m.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke grouped question UIN 44547 question first answered 12/09/2016 10:10:54 answering member 1529 label Biography information for Mr David Gauke
tabling member	298 label Biography information for Steve McCabe