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1330196

registered interest
date	07/06/2021
answering body	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 the Chancellor of the Exchequer, if he will publish the detailed calculations, including intermediary steps, used in determining payments under the Equitable Life Payment Scheme.
tabling member constituency	Somerton and Frome
tabling member printed	David Warburton
uin	11607
answer	answer is ministerial correction date of answer 10/06/2021 answer text <p>The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at: www.gov.uk/government/publications/equitable-life-payment-scheme-design.</p><p> </p><p>There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. The Equitable Life Payment Scheme closed to claims in 2015 and further guidance on the status of the Payment Scheme after closure is available at: www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 11608 question first answered 10/06/2021 09:01:03 answering member 4051 label Biography information for John Glen
tabling member	4526 label Biography information for David Warburton

1330199

registered interest
date	07/06/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he plans to take in 2021 to help people affected by the Equitable Life scandal.
tabling member constituency	Somerton and Frome
tabling member printed	David Warburton
uin	11608
answer	answer is ministerial correction date of answer 10/06/2021 answer text <p>The methodology for calculating payments to Equitable Life policyholders was published in 2011 and can be found at: www.gov.uk/government/publications/equitable-life-payment-scheme-design.</p><p> </p><p>There are no plans to reopen the Payment Scheme or review the £1.5 billion funding allocation previously made to it. The Equitable Life Payment Scheme closed to claims in 2015 and further guidance on the status of the Payment Scheme after closure is available at: www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 11607 question first answered 10/06/2021 09:01:03 answering member 4051 label Biography information for John Glen
tabling member	4526 label Biography information for David Warburton

1132125

registered interest
date	13/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
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 ensure that (a) adequate support is available from HMRC for people affected by the 2019 Loan Charge and (b) that further interest will not be accrued on outstanding loans due to the delays experienced with the HMRC help desk.
tabling member constituency	Somerton and Frome
tabling member printed	David Warburton
uin	264464
answer	answer is ministerial correction date of answer 21/06/2019 answer text <p>HM Revenue and Customs (HMRC) have put in place a series of measures to support those affected by the charge on Disguised Remuneration (DR) loans, which came into force on 5 April 2019.</p><p>Since 2017, HMRC have had a dedicated helpline for those who have used DR schemes. People can use this helpline to discuss their scheme use and different options to reach a settlement with HMRC. Call handlers are trained to support all callers, including those needing additional support. The helpline’s current average speed of answer is less than 60 seconds.</p><p>HMRC also recently announced an extension of their successful Needs Enhanced Support (NES) service to those undergoing compliance checks. This is being rolled out to DR scheme users first.</p><p>HMRC have already confirmed that scheme users who came forward to settle under the November 2017 published settlement terms and provided the necessary information by the deadline of 5 April 2019 will not be disadvantaged if settlement cannot be reached until after that date. Simplified payment arrangements were available as part of those terms.</p><p>Individuals who have not settled their DR scheme use with HMRC will need to report the outstanding loan amount on their 2018-19 tax return and pay the tax due, or agree an instalment arrangement, by 31 January 2020.</p><p>Anybody concerned about paying what they owe is advised to get in touch with HMRC as soon as possible. HMRC have a number of ways to help those who are genuinely unable to make a full payment of tax on time. There is no set minimum or maximum period within which a tax debt can be repaid.</p><p>In relation to interest, interest on late payments is designed to encourage people to pay their tax liabilities on time. It also serves to recompense the Exchequer for the delay in tax revenue paid later than the due date.</p><p>For the majority of DR scheme users, there is currently no interest accruing on the loan charge, as the liability has yet to arise.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 21/06/2019 13:05:19 answering member 3991 label Biography information for Jesse Norman
tabling member	4526 label Biography information for David Warburton

642974

registered interest
date	23/11/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Services
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 effect on applications of appeals processes for commercial banking overdraft refusals being conducted by the same bank which originally refused the application; and what assessment his Department has made of the potential merits of (a) changing that process and (b) taking steps to make the process more transparent.
tabling member constituency	Somerton and Frome
tabling member printed	David Warburton
uin	54577
answer	answer is ministerial correction date of answer 30/11/2016 answer text <p>The Treasury has not made an assessment of the effect on applications in the Appeals Process for SME lending being conducted by the same bank which originally refused the application.</p><p> </p><p>The Appeals Process is a voluntary initiative by the major banks and is overseen by Professor Russel Griggs, the Independent External Reviewer to the process. Since 2011, over 17,000 appeals have been made of which 32% have led to overturned decisions. It is estimated that the Appeals process has put back around £100m of lending into the economy since its inception. Professor Griggs publishes regular reports on the Appeals Process, looking at both implementation and outcomes. The latest report can be found at:</p><p>http://betterbusinessfinance.co.uk/images/pdfs/Annual_Report_2016_(Year_5)_Final.pdf</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 30/11/2016 16:33:48 answering member 3929 label Biography information for Simon Kirby
tabling member	4526 label Biography information for David Warburton

451642

registered interest
date	09/02/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Investment Income: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he has conducted an impact assessment of (a) the proposed changes to the dividend tax system and (b) other measures in the Finance Bill 2016 on lower-earning micro-business owners.
tabling member constituency	Somerton and Frome
tabling member printed	David Warburton
uin	26605
answer	answer is ministerial correction date of answer 22/02/2016 answer text <p>At the Summer Budget 2015 the Chancellor announced that the dividend tax credit will be replaced by a new £5,000 tax-free dividend allowance from April 2016. A Tax Information and Impact Note setting out expected impacts was published on 9 December on GOV.UK. Impact assessments have been produced for all measures in the Finance Bill 2016.</p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 22/02/2016 17:32:54 answering member 1529 label Biography information for Mr David Gauke
tabling member	4526 label Biography information for David Warburton