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1462942
registered interest false more like this
date less than 2022-05-16more like thismore than 2022-05-16
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Charging Points: VAT more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment his Department has made of the (a) potential impact of the higher rate of VAT charged on public electric vehicle charging compared with home charging on the uptake of electric vehicles and (b) potential distributional impact of that differential on households by income bracket. more like this
tabling member constituency Coventry South more like this
tabling member printed
Zarah Sultana more like this
uin 2301 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>In order to keep costs down for families, the supply of electricity for domestic use, including charging an electric vehicle (EV) at home, attracts the 5 per cent reduced rate of VAT. However, electricity supplied at EV charging points in public places is subject to the 20 per cent standard rate of VAT.</p><p> </p><p>The Government has not specifically introduced a reduced rate for charging EVs at home. However, the practical challenges of differentiating between the electricity used at home for general domestic purposes and electricity used to charge EVs currently mean that the reduced rate is effectively being applied to EV charging at home.</p><p> </p><p>Harmonising the rate of VAT on electricity for public and domestic charging points for electric vehicles would require the Government to expand the existing VAT relief on electricity for domestic use (that is also used to charge EVs at home) to electricity for use at public EV charge points, and this would come at a cost.</p><p> </p><p>VAT makes a significant contribution towards the public finances, raising around £130 billion in 2019-20, and helps fund the Government's priorities including the NHS, schools, and defence. Any loss in tax revenue would have to be balanced by a reduction in public spending, increased borrowing, or increased taxation elsewhere.</p><p> </p><p>The Government is committed to supporting the transition to zero emission vehicles to help the UK meet its net-zero obligations. The Government has committed £2.5 billion since 2020 to support the transition to zero emission vehicles, which funds targeted vehicle grants and the rollout of charging infrastructure.</p><p> </p><p>There are currently no plans to change the VAT treatment of electricity supplied at public EV charge points. However, the Government keeps all taxes under review, and carefully considers behavioural effects and distributional impacts when making decisions on tax policy.</p>
answering member constituency South East Cambridgeshire more like this
answering member printed Lucy Frazer more like this
question first answered
less than 2022-05-19T14:31:51.857Zmore like thismore than 2022-05-19T14:31:51.857Z
answering member
4517
label Biography information for Lucy Frazer more like this
tabling member
4786
label Biography information for Zarah Sultana more like this
1462943
registered interest false more like this
date less than 2022-05-16more like thismore than 2022-05-16
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Refugees: Ukraine more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of equalising the payments being made to families in the UK assisting Ukrainians arriving under the Family Reunion Scheme with the payments being made to those accepting refugees under the Homes for Ukraine Scheme. more like this
tabling member constituency Ayr, Carrick and Cumnock more like this
tabling member printed
Allan Dorans more like this
uin 2302 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>This government cares deeply about helping those fleeing the conflict in Ukraine. This is why we have announced two visa schemes which both support the integration of Ukrainian refugees by providing them with full access to social services and welfare in the UK for up to three years.</p><p>The Ukraine Family Scheme is similar to existing family visa routes, and provision of public services from this route will be managed in the usual way. The UK-based family member is expected to provide support and accommodation for those coming to join them, who in turn benefit from the wider integration advantages in joining an existing family network.</p><p>Homes for Ukraine on the other hand is a unique scheme that has been set up specifically to support those escaping the conflict in Ukraine who are not able to rely on family support. The government is providing additional funding to local authorities which includes resource to enable them to carry out sponsorship-specific functions such as safeguarding checks and property checks, administering payments, as well as providing support such as English language training to help their integration into communities.</p>
answering member constituency Middlesbrough South and East Cleveland more like this
answering member printed Mr Simon Clarke more like this
grouped question UIN 726 more like this
question first answered
less than 2022-05-19T17:49:25.293Zmore like thismore than 2022-05-19T17:49:25.293Z
answering member
4655
label Biography information for Sir Simon Clarke more like this
tabling member
4740
label Biography information for Allan Dorans more like this
1462955
registered interest false more like this
date less than 2022-05-16more like thismore than 2022-05-16
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Fuels: VAT more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of using a proportion of VAT accruing to the Exchequer from the rise in fuel prices to help low income households with the cost of living. more like this
tabling member constituency Ynys Môn more like this
tabling member printed
Virginia Crosbie more like this
uin 2314 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>Increases in VAT per litre of fuel from rising prices are likely to be largely offset by reductions in VAT on other items if households have less to spend on these items, given higher fuel expenditure and a fixed budget. Therefore, this would not lead to a significant increase in overall VAT receipts. The Office for Budget Responsibility now forecasts lower VAT receipts for this year, 2022-23, than they did in Autumn 2021.</p><p> </p><p>The Government understands how the rising cost of living is making life harder for people. These are global challenges. However, as set out in the Spring Statement 2022, the Government is providing support worth over £22 billion in 2022-23 to help families with these pressures.</p> more like this
answering member constituency South East Cambridgeshire more like this
answering member printed Lucy Frazer more like this
question first answered
less than 2022-05-19T14:33:34.08Zmore like thismore than 2022-05-19T14:33:34.08Z
answering member
4517
label Biography information for Lucy Frazer more like this
tabling member
4859
label Biography information for Virginia Crosbie more like this
1463040
registered interest false more like this
date less than 2022-05-16more like thismore than 2022-05-16
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Inflation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the reasons for which the rate of inflation is above the Government's target of two per cent. more like this
tabling member constituency Wokingham more like this
tabling member printed
John Redwood more like this
uin 2334 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>As the global economy recovers from COVID-19, many economies are experiencing high inflation. Rising global energy and commodity prices, along with disruptions to global supply chains caused by a mismatch between elevated global demand for goods and bottlenecks in supply as a result of the pandemic, have combined to push up inflation. Additionally, Russia’s invasion of Ukraine has added to inflationary pressures and created economic uncertainty. It has increased the price and volatility of energy and some other commodities and has added to disruption in global supply chains.</p><p> </p><p>The government’s commitment to price stability remains absolute. The Bank of England is responsible for controlling inflation – since the Bank became responsible for controlling inflation it has averaged close to the 2% target.</p><p> </p><p>We are providing significant support where we can and stand ready to take further action. We’re saving the average worker £330 a year through reducing National Insurance Contributions, changing Universal Credit to save over a million families around £1,000 a year, and providing millions of families with £350 each this year to help their energy bills.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2022-05-19T10:21:43.383Zmore like thismore than 2022-05-19T10:21:43.383Z
answering member
4051
label Biography information for John Glen more like this
tabling member
14
label Biography information for Sir John Redwood more like this
1463041
registered interest false more like this
date less than 2022-05-16more like thismore than 2022-05-16
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Monetary Policy more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what recent discussions he has had with the Governor of the Bank of England on quantitative easing. more like this
tabling member constituency Wokingham more like this
tabling member printed
John Redwood more like this
uin 2335 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>Monetary policy is the responsibility of the independent Monetary Policy Committee (MPC) of the Bank of England and this includes decisions on Bank Rate and quantitative easing. The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy, so the Government does not comment on the conduct or effectiveness of monetary policy.</p><p> </p><p>The Chancellor and the Governor of the Bank of England meet regularly to discuss economic developments and the outlook for the economy. The Government continually monitors such developments to consider their impact on businesses and households.</p><p><strong> </strong></p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2022-05-19T10:23:36.177Zmore like thismore than 2022-05-19T10:23:36.177Z
answering member
4051
label Biography information for John Glen more like this
tabling member
14
label Biography information for Sir John Redwood more like this
1463266
registered interest false more like this
date less than 2022-05-16more like thismore than 2022-05-16
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Sequestration of Assets: Russia more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what the total value of assets frozen under the UK's Russian sanctions regime is since Russia's renewed invasion of Ukraine on 24 February 2022. more like this
tabling member constituency Barking more like this
tabling member printed
Dame Margaret Hodge more like this
uin 2341 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>Relevant firms are legally obliged to report to the Office of Financial Sanctions Implementation (OFSI) if they hold frozen assets of a designated person or entity they suspect to be on the list of asset freeze targets. OFSI is currently receiving a high volume of reporting about assets being frozen relating to sanctions imposed since Russia's invasion of Ukraine. This information is being collated and assured. Fuller details will be released in due course and will mark a substantial increase on previous assets reported as frozen under Russia sanctions.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2022-05-19T10:25:24.17Zmore like thismore than 2022-05-19T10:25:24.17Z
answering member
4051
label Biography information for John Glen more like this
tabling member
140
label Biography information for Dame Margaret Hodge more like this
1462546
registered interest false more like this
date less than 2022-05-12more like thismore than 2022-05-12
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Public Sector: Fraud more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, when the managing public money guidance on fraud was last updated. more like this
tabling member constituency Erith and Thamesmead more like this
tabling member printed
Abena Oppong-Asare more like this
uin 1375 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>The Managing Public Money Guidance was last updated on 4 March 2022. The latest edition of <em>Managing Public Money</em> (section 4.9.5) now requires that for any new major area of spend, departments shall assess the risk of and impact from fraud at the outset when the spending is being proposed. Departments must also complete a full fraud assessment and keep it up to date. This should all be done in conjunction with counter-fraud experts. Accompanying changes to the <em>Green Book</em> (section A5.27), published on 30 March 2022, set out how fraud risks and counter-fraud measures should be taken into account in the business case process.</p> more like this
answering member constituency Middlesbrough South and East Cleveland more like this
answering member printed Mr Simon Clarke more like this
question first answered
less than 2022-05-19T14:34:56.53Zmore like thismore than 2022-05-19T14:34:56.53Z
answering member
4655
label Biography information for Sir Simon Clarke more like this
tabling member
4820
label Biography information for Abena Oppong-Asare more like this
1462621
registered interest false more like this
date less than 2022-05-12more like thismore than 2022-05-12
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Charging Points: VAT more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the disparity in the rates of VAT on electricity for public and domestic charging points for electric vehicles; and whether he plans to harmonise those rates. more like this
tabling member constituency Kingston upon Hull West and Hessle more like this
tabling member printed
Emma Hardy more like this
uin 1304 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>In order to keep costs down for families, the supply of electricity for domestic use, including charging an electric vehicle (EV) at home, attracts the 5 per cent reduced rate of VAT. However, electricity supplied at EV charging points in public places is subject to the 20 per cent standard rate of VAT.</p><p> </p><p>The Government has not specifically introduced a reduced rate for charging EVs at home. However, the practical challenges of differentiating between the electricity used at home for general domestic purposes, and electricity used to charge EVs currently mean that the reduced rate is effectively being applied to EV charging at home.</p><p> </p><p>Harmonising the rate of VAT on electricity for public and domestic charging points for electric vehicles would require the Government to expand the existing VAT relief on electricity for domestic use (that is also used to charge EVs at home) to electricity for use at public EV charge points and this would come at a cost.</p><p> </p><p>VAT makes a significant contribution towards the public finances, raising around £130 billion in 2019-20, and helps fund the Government's priorities including the NHS, schools, and defence. Any loss in tax revenue would have to be balanced by a reduction in public spending, increased borrowing, or increased taxation elsewhere.</p><p> </p><p>Although there are no current plans to change the VAT treatment of electricity supplied at public EV charge points, the Government is committed to supporting the transition to zero emission vehicles to help the UK meet its net-zero obligations. The Government has committed £2.5 billion since 2020 to support the transition to zero emission vehicles, which funds targeted vehicle grants and the rollout of charging infrastructure.</p>
answering member constituency South East Cambridgeshire more like this
answering member printed Lucy Frazer more like this
question first answered
less than 2022-05-19T16:01:30.837Zmore like thismore than 2022-05-19T16:01:30.837Z
answering member
4517
label Biography information for Lucy Frazer more like this
tabling member
4645
label Biography information for Emma Hardy more like this
1462726
registered interest false more like this
date less than 2022-05-12more like thismore than 2022-05-12
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Energy: Billing 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 figures they have on the increase in the number of people in the UK using high-cost credit, such as ‘buy now pay later’ debt schemes, to pay their energy bills since 1 April. more like this
tabling member printed
The Marquess of Lothian more like this
uin HL211 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>HM Treasury regularly monitors developments in the consumer credit market, including the use of Buy-Now Pay-Later (BNPL) credit products, as part of its normal process of policy development.</p><p>However, it does not hold information regarding the number of people using BNPL or other types of credit to pay their energy bills. Instead, HMT draws on the research of various stakeholders, including consumer groups and the wider financial services industry, to inform policy development.</p><p>As an interest free product, the government does not consider BNPL to be high-cost credit.</p><p> </p><p>However, the government recognises that BNPL products do pose several potential risks of consumer detriment, as set out in The Woolard Review into the unsecured credit market. That is why on 2 February 2021, the Government announced its intention to regulate BNPL products in a proportionate manner.</p><p> </p><p>The Government published a consultation on policy proposals for the regulation of BNPL on 21 October 2021, which closed on 6 January 2022. The Government is now reviewing responses to this consultation and considering next steps and intends to publish a consultation response in the coming weeks.</p>
answering member printed Baroness Penn more like this
question first answered
less than 2022-05-19T10:53:55.84Zmore like thismore than 2022-05-19T10:53:55.84Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
259
label Biography information for The Marquess of Lothian more like this
1461783
registered interest false more like this
date less than 2022-05-11more like thismore than 2022-05-11
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Refugees: Ukraine more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he plans to amend the differences in funding under the Homes for Ukraine Scheme, for which local authorities receive £10,500 of integration funding per refugee, and the Ukraine Family Scheme, for which local authorities do not receive that funding. more like this
tabling member constituency Waveney more like this
tabling member printed
Peter Aldous more like this
uin 726 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>This government cares deeply about helping those fleeing the conflict in Ukraine. This is why we have announced two visa schemes which both support the integration of Ukrainian refugees by providing them with full access to social services and welfare in the UK for up to three years.</p><p>The Ukraine Family Scheme is similar to existing family visa routes, and provision of public services from this route will be managed in the usual way. The UK-based family member is expected to provide support and accommodation for those coming to join them, who in turn benefit from the wider integration advantages in joining an existing family network.</p><p>Homes for Ukraine on the other hand is a unique scheme that has been set up specifically to support those escaping the conflict in Ukraine who are not able to rely on family support. The government is providing additional funding to local authorities which includes resource to enable them to carry out sponsorship-specific functions such as safeguarding checks and property checks, administering payments, as well as providing support such as English language training to help their integration into communities.</p>
answering member constituency Middlesbrough South and East Cleveland more like this
answering member printed Mr Simon Clarke more like this
grouped question UIN 2302 more like this
question first answered
less than 2022-05-19T17:49:25.233Zmore like thismore than 2022-05-19T17:49:25.233Z
answering member
4655
label Biography information for Sir Simon Clarke more like this
tabling member
4069
label Biography information for Peter Aldous more like this