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1438325

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defibrillators: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will remove VAT from defibrillators in order to make it more affordable for communities to purchase that equipment.
tabling member constituency	Ynys Môn
tabling member printed	Virginia Crosbie
uin	135712
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>The Government already maintains VAT reliefs to aid the purchase of Automated External Defibrillators (AEDs), including VAT relief on purchases made by local authorities and those made through voluntary contributions, where the AED is donated to eligible charities or the NHS. Otherwise, they attract the standard rate of VAT.</p><p>Introducing any new VAT reliefs would come at a cost to the Exchequer and the Government has received over £50 billion worth of requests for relief from VAT since the EU referendum.</p><p> </p>However, the Government keeps all taxes under constant review. answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 10/03/2022 15:16:26 answering member 4517 label Biography information for Lucy Frazer
tabling member	4859 label Biography information for Virginia Crosbie

1438332

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Digital Assets: Russia
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure robust regulatory mechanisms are in place for the sale and transfer of digital financial assets, including non-fungible tokens (NFTs), to prevent Russian organisations and individuals from evading sanctions relating to the war in Ukraine.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	135550
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>Financial sanctions regulations do not differentiate between cryptoassets and other forms of assets. Office of Financial Sanctions Implementation (OFSI) guidance states that crypto assets are an economic resource and are caught by financial sanctions restrictions</p><p> </p><p>All persons in the UK are subject to the Sanctions and Anti-Money Laundering Act 2018, and the circumvention of sanctions is a criminal offence. The financial sanctions regime is enforced by OFSI, working in cooperation with the National Crime Agency.</p><p> </p><p>Cryptoasset exchange providers, custodian wallet providers, electronic money institutions and payment service providers are in scope of the UK’s Money Laundering Regulations. These businesses must be registered with the Financial Conduct Authority for anti-money laundering supervision, and are expected to apply risk-sensitive customer due diligence measures in order to identify and verify the customer and understand the purpose behind their transactions. This includes checking that the customer is not subject to sanctions and does not intend to use the services for criminal purposes, including assisting others in the evasion of sanctions.</p><p> </p><p>In addition, the government will shortly publish a response to its recent consultation on creating a requirement for entities to collect, verify, transmit, and retain specified information about the beneficiary and originator of a transfer of cryptoassets, to assist in the prevention and detection of illicit financial transfers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/03/2022 15:44:17 answering member 4051 label Biography information for John Glen
tabling member	4467 label Biography information for Drew Hendry

1438339

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VTB Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the financial impact on Russia's ability to continue to fund its war in Ukraine of the winding down transactions window granted to VTB Bank before sanctions come fully into force.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	135551
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>VTB Bank PJSC has been subject to a full asset freeze since 24/02/2022.</p><p> </p><p>General Licence INT/2022/1272278 permits only the wind down of existing activity for third parties and expires on 27 March 2022. The general licence has been granted to reduce disruption in the UK financial system, not to permit VTB to proactively exit positions. It ensures that VTB will not benefit from a situation where UK persons cannot close out their positions or wind down transactions involving the bank.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/03/2022 15:42:42 answering member 4051 label Biography information for John Glen
tabling member	4467 label Biography information for Drew Hendry

1438358

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Holiday Accommodation: Refugees
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will review the requirement of furnished holiday lets to let at a commercial rate for 105 days per annum should they wish to remain a small business, to allow those businesses to offer free accommodation to Ukrainian refugees.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	135598
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>Furnished Holiday Lets (FHLs) receive special tax treatment including the ability to claim trading Capital Gains Tax reliefs and capital allowances for items such as furniture. In addition, FHLs are not subject to any finance cost relief restriction and profits count as earnings for pension purposes.</p><p>Landlords can provide their residential properties to refugees for free. When a property does not qualify as a FHL, or stops being a qualifying FHL, the landlord becomes subject to the normal tax rules for residential property rental income.</p><p> </p><p>Whilst there are no plans to change this to reflect the situation in Ukraine, the UK Government is clear that we must ensure the humanitarian needs of displaced people are met, both within and beyond Ukraine’s borders, and we urge the relevant authorities to consider and plan for such possible outcomes. The UK is now the largest bilateral humanitarian donor to Ukraine and has pledged around £400 million to help Ukraine.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 10/03/2022 15:15:11 answering member 4517 label Biography information for Lucy Frazer
tabling member	4591 label Biography information for Sarah Olney

1438473

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Ukraine
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with (a) his Ukrainian counterpart and (b) the Secretary of State for Foreign, Commonwealth and Development Affairs on Ukrainian sovereign debt relief.
tabling member constituency	Arfon
tabling member printed	Hywel Williams
uin	135429
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>The Chancellor continues to engage with G7 partners and International Financial Institutions on progressing current and future support to Ukraine. This includes a G7 Finance Ministers and Central Bank Governors meeting held on 1 March with the Ukrainian Finance Minister.</p><p> </p><p>Alongside our allies, we’ve hit Russia with the most severe package of sanctions it has ever seen and our economic and humanitarian support to Ukraine now totals around £400 million. This includes USD$100 million of funding to Ukraine through the World Bank Multi-Donor Trust Fund and that we stand ready to provide USD$500 million in loan guarantees to support Multilateral Development Bank lending. This support has also enabled a package to be agreed on 8 March of over $700m for direct fiscal support to Ukraine via the World Bank, to help mitigate direct economic impacts.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/03/2022 15:40:57 answering member 4051 label Biography information for John Glen
tabling member	1397 label Biography information for Hywel Williams

1438481

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Research: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what most recent estimate HMRC has made of the level of fraud in (a) the Research and Development Expenditure Credit, and (b) the SME R&D relief.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	135690
answer	answer is ministerial correction date of answer 10/03/2022 answer text 2020-21 is the second financial year where an estimate of the error and fraud in relation to the Research and Development (R&D) regime has been included in the HMRC annual report and accounts. The overall estimate of the level of error and fraud is 3.6 per cent of the estimated cost of the reliefs. Within this, 5.5 per cent relates to the Small and Medium Enterprises scheme and 0.9 per cent relates to the Research and Development expenditure credit scheme. The estimate is based on historic claim data, compliance results, and Tax Gaps, and by its nature is uncertain. This estimate does not differentiate between error and fraud and covers a wide range of non-compliant behaviours. answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 10/03/2022 15:02:11 answering member 4517 label Biography information for Lucy Frazer
tabling member	4820 label Biography information for Abena Oppong-Asare

1438484

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Research: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the number of R&D tax relief advisors operating in the UK.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	135691
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>Information on the number of Research and Development (R&amp;D) tax relief advisors is not available.</p><p> </p><p> </p><p> </p><p>At Spring Budget 2021, the Government announced a review of R&amp;D tax reliefs supported by a consultation. The consultation closed in June 2021, and at Autumn Budget 2021, the Chancellor announced a package of measures to target abuse and improve compliance. From April 2023, all claims will have to be notified in advance, be made digitally, include more details about the expenditure, be endorsed by a named senior officer of the company, and include details of any agent who has advised the company on the claim.</p><p> </p><p> </p><p> </p><p>Therefore, HMRC will have enhanced data on R&amp;D agents from April 2023.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 10/03/2022 15:03:18 answering member 4517 label Biography information for Lucy Frazer
tabling member	4820 label Biography information for Abena Oppong-Asare

1438487

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Research: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of R&D tax relief advisers operating in the UK who are involved in submitting fraudulent or dubious claims for R&D tax reliefs; and what steps his Department has taken to tackle the activity of those advisers.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	135692
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>The Government is exploring broader options that consider the case for moving further towards statutory regulation of the tax advice market. As announced in November 2021, we will be consulting on this later in the year.</p><p> </p><p>At Spring Budget 2021, the Government announced a review of R&amp;D tax reliefs supported by a consultation. The consultation closed in June 2021, and at Autumn Budget 2021, the Chancellor announced a package of measures to target abuse and improve compliance. From April 2023, all claims will have to be notified in advance, be made digitally, include more details about the expenditure, be endorsed by a named senior officer of the company, and include details of any agent who has advised the company on the claim.</p><p> </p><p>Information regarding the number of R&amp;D tax relief advisers involved in submitting fraudulent or dubious claims is not available. HMRC’s programme of compliance activity addressing this risk posed by abuse of the R&amp;D regimes spans fraudulent behaviour as well as other types of non-compliance, such as error and mistake, and therefore covers a wide range of agents and advisors.</p><p> </p><p>HMRC has doubled the resource working on R&amp;D non-compliance, is utilising data and intelligence to improve the risking process, and is undertaking a Mandatory Random Enquiry Programme to improve understanding of the level of error and fraud in the R&amp;D regime.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 10/03/2022 15:13:53 answering member 4517 label Biography information for Lucy Frazer
tabling member	4820 label Biography information for Abena Oppong-Asare

1438490

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Research: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many full time equivalent HMRC staff have worked on tackling abuse of R&D tax reliefs in each of the last five years.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	135693
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>HMRC undertakes a wide range of compliance activity in relation to Research and Development (R&amp;D) claims and this work is undertaken across a number of teams, including specialist R&amp;D teams, the Fraud Investigation Service, and teams that also deal with other aspects of Corporation Tax.</p><p> </p><p> </p><p>The specialist teams who deal with non-compliance in relation to a range of incentives and reliefs, including R&amp;D, Creatives Industries, Venture Capital, Tonnage Tax, and Patent Box, currently have 244.9 full time equivalent team members. There are additional teams who, for example, work on R&amp;D as part of a wider role, such as those within Large Business and Fraud Investigation Service, who are not included in this figure.</p><p> </p><p> </p><p> </p><p>Information regarding the number of HMRC staff involved specifically in tackling abuse is not available.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 10/03/2022 15:04:35 answering member 4517 label Biography information for Lucy Frazer
tabling member	4820 label Biography information for Abena Oppong-Asare

1438551

registered interest
date	07/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 7 March 2022 to Question 129256, what assessment his Department has made of whether VAT revenues will increase or decrease as a result of rises in energy prices.
tabling member constituency	East Lothian
tabling member printed	Kenny MacAskill
uin	135668
answer	answer is ministerial correction date of answer 10/03/2022 answer text <p>As set out in the answers to PQ UIN 125532 and PQ UIN 129256, high energy prices reduce VAT revenues.</p><p> </p><p>In recognition that families should not have to bear all the VAT costs they incur to meet their energy needs, domestic fuels such as heating oil, gas and electricity are subject to the reduced rate of 5 per cent of VAT. If people spend more on domestic fuels where VAT is 5 per cent, they spend less on goods and services that on average have a much higher VAT rate, thereby reducing VAT revenue overall.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer grouped question UIN 135669 question first answered 10/03/2022 14:55:57 answering member 4517 label Biography information for Lucy Frazer
tabling member	4772 label Biography information for Kenny MacAskill