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1271618

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bankruptcy: Tax Avoidance
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 people subject to the Loan Charge who have been declared bankrupt.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	130647
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>No estimate of the number of individual bankruptcies has been made, although the original impact assessment acknowledges that there are likely to be some. The impact assessment can be found here: <a href="https://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update" target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update</a>.</p><p> </p><p>HMRC cannot provide an estimate for the number of people subject to the Loan Charge who have been declared bankrupt, as they could have been declared bankrupt for many reasons and not necessarily as a direct result of a Loan Charge liability. HMRC are not always the only creditor and some people may be declared bankrupt as a result of a non-HMRC debt, and some individuals may choose to enter insolvency themselves based on their overall financial position.</p><p> </p><p>HMRC only ever consider insolvency as a last resort, and encourage people to contact them to agree the best way to settle their tax debts. Anyone who is worried about being able to pay what they owe is encouraged to get in touch with HMRC as soon as possible on 03000 599110.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/01/2021 14:58:11 answering member 3991 label Biography information for Jesse Norman
tabling member	1409 label Biography information for Mr Gregory Campbell

1271620

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Taxation
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 improve the payment rates of corporate tax.
tabling member constituency	Huddersfield
tabling member printed	Mr Barry Sheerman
uin	130642
answer	answer is ministerial correction date of answer 15/01/2021 answer text <p>HM Revenue and Customs (HMRC) keep corporation tax payment policy under regular review with continuing engagement with businesses, agents and representative bodies in response to taxpayer need.</p><p>HMRC have acted to speed up the process by which companies which are affected by coronavirus and experiencing cash flow problems can make claims for repayment of corporation tax, by permitting early claims against anticipated losses. This gets cash to businesses hardest hit by the pandemic, helping to minimise the risk of business failure in the months and years ahead and thereby ensuring the continuity of corporation tax receipts in the future.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 15/01/2021 13:06:39 answering member 3991 label Biography information for Jesse Norman
tabling member	411 label Biography information for Mr Barry Sheerman

1271628

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Job Retention Bonus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reason he decided to withdraw the Job Retention Bonus.
tabling member constituency	Falkirk
tabling member printed	John McNally
uin	130765
answer	answer is ministerial correction date of answer 15/01/2021 answer text <p>The objective of the Job Retention Bonus (JRB) was to incentivise employers to retain employees between November and the end of January through a £1,000 bonus paid to the employer. The extension of the Coronavirus Job Retention Scheme (CJRS) allows employers to do that until the end of April by covering 80% of the furloughed employees’ wages. The policy intent of the JRB therefore fell away with the extension of the CJRS. The Government will set out details of how a revised retention incentive will work in due course.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 15/01/2021 13:08:06 answering member 3991 label Biography information for Jesse Norman
tabling member	4424 label Biography information for John McNally

1271629

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Cards: EU Countries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether online purchases from the EU made by UK customers by credit card will have to be made by (a) bank transfer and (b) in Euros after the transition period in the event of no deal being reached with the EU.
tabling member constituency	Falkirk
tabling member printed	John McNally
uin	130766
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>Online purchases by payment card from EU retailers are still possible now that the UK has left the Transition Period of EU Withdrawal. Whether a retailer accepts credit or debit cards as a payment method is a commercial decision for individual retailers.</p><p> </p><p>Furthermore, the UK has maintained its participation in the Single Euro Payments Area (SEPA), enabling continued Euro credit transfers and direct debits through the SEPA payment schemes.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/01/2021 11:26:01 answering member 4051 label Biography information for John Glen
tabling member	4424 label Biography information for John McNally

1271648

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to tackle the effect of the covid-19 outbreak on levels of household debt in Dudley North constituency.
tabling member constituency	Dudley North
tabling member printed	Marco Longhi
uin	130860
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>The Government has delivered unprecedented support for living standards during this challenging time, protecting livelihoods with the Self-Employment Income Support Scheme, the Coronavirus Job Retention Scheme, and temporary welfare measures</p><p><br> The Government has extended the Coronavirus Jobs Retention Scheme until 30 April 2021. Eligible employees will continue to receive 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month.</p><p>The Government has increased the overall level of the third grant under the Self-Employment Income Support Scheme to 80 per cent of average trading profits, meaning that the maximum grant available has now increased to £7,500</p><p><br> The Government has provided Local Authorities with £500 million to support people who may struggle to meet their council tax payments this year. The Government expects that this will provide all recipients of working age local council tax support with a further reduction in their annual council tax bill of £150 this financial year</p><p><br> These measures are in addition to the changes this Government has made to make the welfare system more generous, worth over £7 billion according to recent OBR estimates. This includes a £20 per week increase to the Universal Credit standard allowance and Working Tax Credit basic element, and a nearly £1 billion increase in support for renters through increases to Local Housing Allowance rates</p><p><br> We have also worked with mortgage lenders, credit providers and the Financial Conduct Authority to ensure the financial sector provides support for people across the UK to manage their finances by providing payment holidays on mortgages and consumer credit products</p><p><br> The Government has also provided unprecedented support for businesses impacted by the COVID-19 pandemic. This support includes the Coronavirus Business Interruption Scheme, Coronavirus Large Business Interruption Scheme, Bounce Back Loan Scheme and the Future Fund which, as of 13 December, have collectively supported over 1.5 million businesses with facilities worth over £68bn. The Chancellor has announced that the Government has extended the application deadline for these schemes to a single date, 31 January 2020, meaning that even more businesses will have access to financial support</p><p><br> To help people in problem debt get their finances back on track, an extra £37.8 million support package is being made available to debt advice providers this financial year, bringing this year's budget for free debt advice in England to over £100 million</p><p><br> In May, the Government also announced the immediate release of £65 million dormant assets funding to Fair4All Finance, an independent organisation that has been founded to support the financial wellbeing of people in vulnerable circumstances. The funding is used to increase access to fair, affordable and appropriate financial products and services for those in financial difficulties</p><p><br> From May 2021 the Breathing Space scheme will offer people in problem debt a pause of up to 60 days on most enforcement action, interest, fees and charges, and will encourage them to seek professional debt advice.</p><p> </p><p>Data on levels of over-indebtedness in Dudley North was last published in 2018 by the Money and Pensions Service (MaPS), who continue to fund local delivery of debt advice through Dudley Citizens Advice. MaPS will be publishing updated figures in 2021.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 11/01/2021 08:59:28 answering member 4051 label Biography information for John Glen
tabling member	4789 label Biography information for Marco Longhi

1271657

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with stakeholders on access to cash; and which stakeholders he has met on that issue in the last six months.
tabling member constituency	Inverclyde
tabling member printed	Ronnie Cowan
uin	130780
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/01/2021 09:07:24 answering member 4051 label Biography information for John Glen
tabling member	4465 label Biography information for Ronnie Cowan

1271668

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hospitality Industry: 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 17 November 2020 to Question 114934, what his Department's review process is for reducing the rate of VAT applied to hospitality, accommodation and attractions beyond 31 March 2021; what criteria will be used in that review process; when he plans to announce the outcome of that review to businesses; and if he will make a statement.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	130682
answer	answer is ministerial correction date of answer 15/01/2021 answer text <p>The temporary VAT reduced rate came into effect on 15 July 2020 and was initially scheduled to end on 12 January 2021.</p><p> </p><p>To continue supporting the cash flow and viability of over 150,000 businesses and to protect 2.4 million jobs, the Government extended the temporary reduced rate of VAT (5 per cent) for goods and services supplied by the tourism and hospitality sectors until 31 March 2021.</p><p> </p><p>While it keeps all taxes under review, this relief comes at a significant cost to taxpayers, and there are currently no plans to extend the length of the reduced rate further.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 15/01/2021 13:05:13 answering member 3991 label Biography information for Jesse Norman
tabling member	3930 label Biography information for Caroline Lucas

1271680

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to extend the 100 per cent first year allowance on the purchase of electric vehicles to include the rental sector in order to facilitate the transition from petrol and diesel cars to electric vehicles.
tabling member constituency	Stevenage
tabling member printed	Stephen McPartland
uin	130719
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>The existing 100 per cent first year allowances, which are available for the purchase of electric vehicles in respect of business cars and zero emission goods vehicles, are being extended to 2025 in order to continue to incentivise the transition to zero CO<sub>2</sub> emission vehicles. First year allowances are not available for equipment purchased for leasing; there are no plans to introduce this for zero emission goods vehicles or to reintroduce it for low emission cars, as such assets could be leased overseas. This ensures that the environmental benefits of such incentives remain within the UK to assist the Government in achieving its wider commitment to achieve net zero CO<sub>2</sub> emissions by 2050.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/01/2021 13:20:28 answering member 3991 label Biography information for Jesse Norman
tabling member	4093 label Biography information for Stephen McPartland

1271681

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electric Vehicles: Charging Points
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing a new annual investment allowance for electric vehicle infrastructure which would allow 100 per cent of investment costs for all electric vehicle infrastructure to be offset against corporation tax.
tabling member constituency	Stevenage
tabling member printed	Stephen McPartland
uin	130720
answer	answer is ministerial correction date of answer 11/01/2021 answer text A specific capital allowance is currently available to businesses investing in new equipment for electric vehicle charging points. This can provide a tax deduction of 100 per cent of the investment for the tax period in which it is incurred. It is available for qualifying expenditure for businesses chargeable to UK corporation tax until 31 March 2023, and those chargeable to income tax until 5 April 2023.<p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/01/2021 13:18:59 answering member 3991 label Biography information for Jesse Norman
tabling member	4093 label Biography information for Stephen McPartland

1271697

registered interest
date	16/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	HSBC: Bounce Back Loan Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect of HSBC's decision to stop offering Bounce Back loans to non-HSBC UK customers on the accessibility of that scheme; and if he will make a statement.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	130767
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>The Government launched the Bounce Back Loan Scheme (BBLS) to ensure that the smallest businesses could access loans of up to £50,000 in a matter of just days. As of 13 December, the scheme has provided unprecedented support to business across the UK, with more than 1.4 million businesses accessing facilities totaling over £43.5 billion.</p><p>Throughout the COVID-19 pandemic, there has been unprecedented demand for banking services, this accompanied with working restrictions due to social distancing has meant banks have faced significant capacity pressures which has limited their ability to meet demand.</p><p> </p><p>The Government have always made clear to lenders that they should open to new customers as soon as it is operationally possible for them to do so. Lenders are fully aware of the current urgency, so we would expect them to respond appropriately to their customers’ needs. Whilst BBLS is 100% guaranteed by the Government, decisions about what products are offered to specific businesses remain commercial decisions for banks and building societies.</p><p> </p><p>The British Business Bank has so far accredited 29 BBLS lenders, including several non-banks and alternative lenders. Some lenders are still inviting applications from new customers, and many of those that are still only open to existing customers are regularly reviewing that position.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/01/2021 08:43:14 answering member 4051 label Biography information for John Glen
tabling member	4432 label Biography information for Patrick Grady