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1503319

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	NHS: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the British Medical Association briefing entitled NHS Workforce and the Pension Taxation Crisis, published in June 2022, what assessment he has made of the potential merits of that report's recommendation on introducing a tax unregistered scheme for those impacted by pension taxation in the NHS.
tabling member constituency	Liverpool, Walton
tabling member printed	Dan Carden
uin	44979
answer	answer is ministerial correction date of answer 07/09/2022 answer text <p>The Government is aware of interactions between the NHS Pension Scheme and pension tax. Limits on pensions tax relief apply broadly across both the public and private sectors and it is important that these arrangements are fair. Regarding a tax unregistered pension scheme for the NHS, the Government’s position continues to be that the judiciary is in a unique constitutional position and has historically had access to a tax unregistered pension scheme. The majority of NHS staff are better off from being within the current registered pension scheme as they receive tax relief on their pension contributions. The Government has no plans to set up a tax unregistered scheme for the NHS.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 07/09/2022 11:12:46 answering member 3912 label Biography information for Richard Fuller
tabling member	4651 label Biography information for Dan Carden

1503346

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
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 help ensure the independence of financial services regulators.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	45033
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The legislative framework underpinning financial services regulation in the UK provides for the regulators to be independent of government in their operational decisions.</p><p> </p><p>Following the Future Regulatory Framework Review the regulators will take on significant new rulemaking responsibilities. It is important to balance these new responsibilities for the independent regulators with clear accountability, appropriate democratic input, and transparent oversight. Through the Financial Services and Markets Bill the government is bringing forward measures to achieve this balance.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 20/09/2022 13:53:34 answering member 4874 label Biography information for Andrew Griffith
tabling member	4788 label Biography information for Fleur Anderson

1503347

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what impact assessment the Government has carried out on the impact of Solvency II reforms on pensions.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	45035
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The Government is committed to ensuring that the insurance regime remains a safe home for people’s pensions. As well as that, UK insurers remain internationally competitive.</p><p><strong> </strong></p><p>The Treasury's consultation on the prudential regulatory regime for insurers known as Solvency II closed on 21 July 2022. It included questions seeking evidence of the impact reforms would have on policyholder protection and annuity prices as well as other objectives, including investment for growth. The Government will set out its assessment of this evidence when it publishes a response to the consultation later this calendar year.</p><p> </p><p>The Solvency II consultation document can be found here: <a href="https://www.gov.uk/government/consultations/solvency-ii-review-consultation" target="_blank">https://www.gov.uk/government/consultations/solvency-ii-review-consultation</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 20/09/2022 14:25:06 answering member 4874 label Biography information for Andrew Griffith
tabling member	4788 label Biography information for Fleur Anderson

1503348

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services and Markets Bill
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he make will make it his policy to pause the Financial Services and Markets Bill.
tabling member constituency	Putney
tabling member printed	Fleur Anderson
uin	45024
answer	answer is ministerial correction date of answer 07/09/2022 answer text <p>Second Reading of the Financial Services and Markets Bill will take place on Wednesday 7 September. The Government is committed to progressing the Bill.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 07/09/2022 10:54:44 answering member 3912 label Biography information for Richard Fuller
tabling member	4788 label Biography information for Fleur Anderson

1503402

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to backdate the Energy Profits Levy for oil and gas producers to 2021.
tabling member constituency	Warrington North
tabling member printed	Charlotte Nichols
uin	45061
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The Energy Profits Levy (EPL) was introduced from 26 May 2022 and is expected to raise around £5 billion in its first year.</p><p> </p><p>The legislation also includes a sunset clause, effective at the end of December 2025. In future years, if oil and gas prices return to historically more normal levels, the Government will phase out the EPL.</p><p> </p><p>As with all our taxes, the Government will keep the EPL under review.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 20/09/2022 10:49:55 answering member 3912 label Biography information for Richard Fuller
tabling member	4799 label Biography information for Charlotte Nichols

1503427

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: EU Countries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to increase defence spending in the context of the increased risks to security on the European continent.
tabling member constituency	Southport
tabling member printed	Damien Moore
uin	45131
answer	answer is ministerial correction date of answer 22/09/2022 answer text <p>In March 2021 the government published the Integrated Review of Security, Defence, Development and Foreign Policy. The IR recognised that Russia remained the most acute threat to our security; and that NATO will remain the foundation of collective security in the Euro-Atlantic.</p><p>These assessments have certainly been borne out by the current crisis in Ukraine. We funded these threats by awarding MOD the largest sustained spending increase since the end of the Cold War, with a £24bn uplift in cash terms over the Spending Review 2020 period.</p><p>However, our number one priority is to keep the nation safe. That is why, as the Prime Minister announced in her speech to the UN on Wednesday, the UK will spend 3% of GDP on defence by 2030, maintaining our position as the leading security actor in Europe.</p> answering member constituency Croydon South answering member printed Chris Philp question first answered 22/09/2022 13:09:09 answering member 4503 label Biography information for Chris Philp
tabling member	4669 label Biography information for Damien Moore

1503431

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tobacco: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Government’s response to the Science and Technology Committee’s report on e-cigarettes, published in December 2018, whether it continues to be the Government’s policy that taxation on smoking-related products should directly correspond to the health risks presented to encourage less harmful consumption.
tabling member constituency	Southport
tabling member printed	Damien Moore
uin	45123
answer	answer is ministerial correction date of answer 16/09/2022 answer text <p>The Government believes that e-cigarettes are an effective way of encouraging smokers to switch to less harmful alternatives.</p><p> </p><p>Non-tobacco nicotine and vaping products, such as e-cigarettes, are currently taxed as a consumer product with the VAT rate being 20%. They are not subject to excise duty. Medicinally regulated products are subject to the reduced rate of VAT at 5%.</p> answering member constituency Kensington answering member printed Felicity Buchan question first answered 16/09/2022 16:14:39 answering member 4821 label Biography information for Felicity Buchan
tabling member	4669 label Biography information for Damien Moore

1503440

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Houses: Taxation
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 help ensure his taxation and fiscal policy supports the pub industry.
tabling member constituency	Nottingham North
tabling member printed	Alex Norris
uin	45136
answer	answer is ministerial correction date of answer 21/09/2022 answer text <p>The Government understands the benefits pubs bring to our communities, recognises the pressures currently facing the sector and is taking action.</p><p> </p><p>Businesses in the retail, hospitality and leisure sector will receive a tax cut worth almost £1.7 billion in 2022-23. Eligible properties will receive 50 per cent off their business rates bill, up to a maximum of £110,000 per business.</p><p> </p><p>Combined with Small Business Rates Relief, this means over 90 per cent of retail, hospitality and leisure businesses will receive at least 50 per cent off their rates bills in 2022-23. The Government has also committed to freezing the multiplier for a further year, which is a tax cut worth £4.6 billion to businesses over the next 5 years.</p><p> </p><p>Further, as part of the alcohol duty reform, the government will introduce a new draught relief, giving an approximate 5% duty cut to cider and beer sold in pubs. The government will provide an update on the alcohol duty reforms over the coming weeks.</p> answering member constituency Kensington answering member printed Felicity Buchan question first answered 21/09/2022 15:08:46 answering member 4821 label Biography information for Felicity Buchan
tabling member	4641 label Biography information for Alex Norris

1503488

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxpayer Protection Taskforce: Staff
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many full time equivalent officials were deployed to the Taxpayer Protection Taskforce in the financial year 2021-22; and what the staff complement is for that taskforce as at 1 September 2022.
tabling member constituency	Dunfermline and West Fife
tabling member printed	Douglas Chapman
uin	45129
answer	answer is ministerial correction date of answer 16/09/2022 answer text <p>At the Spring Budget 202,1 the Government announced a £100 million investment to form the Taxpayer Protection Taskforce. This enabled HMRC to significantly extend work to tackle fraud and error in the COVID-19 support schemes that HMRC administered (Self Employment Income Support Scheme, Coronavirus Job Retention Scheme and Eat Out to Help Out). These payments are grants rather than loans. HMRC does not administer or undertake compliance of other COVID-19 financial support packages, such as Bounce Back Loans.</p><p> </p><p>The £100 million funding covers backfilling the staff used to resource the taskforce.</p><p> </p><p>In 2021-22 the taskforce had £41million allocated to the staffing budget and is forecasting £59 million in staffing for 2022-23.</p><p> </p><p>During 2021-22, the Taxpayer Protection Taskforce consisted of 1,147 Full Time Equivalent (FTE) compliance officers, reassigned from other teams across HMRC. As of 31 July 2022, there are 1,203 FTE in the taskforce.</p><p> </p><p>HMRC designed the Self Employment Income Support Scheme, Coronavirus Job Retention Scheme and Eat Out to Help Out schemes to prevent fraud, both in the eligibility criteria and the claim process itself. HMRC also put in place a series of checks on claims before they were paid, blocking those that were highly indicative of criminal activity.</p><p> </p><p>The Government and HMRC are taking tough action to tackle fraudulent behaviour. Anyone who keeps grant money despite knowing they were not entitled to it faces having to repay up to double the amount they received, plus interest, and potentially face criminal prosecution.</p><p> </p><p>The Taxpayer Protection Taskforce undertakes one-to-one investigations where there is a suspected overpayment of an HMRC administered COVID-19 grant. These overpayments may be due to error or fraud, therefore the total number of investigations opened and concluded does not distinguish between error and fraud.</p><p> </p><p>As of 31 July 2022, the total number of investigations opened since the start of the schemes is over 45,000, of which <em>c.</em>31,000 have been concluded. The taskforce opened over 32,000 one to one investigations in addition to the c<em>.</em>13,000 one to one investigations opened prior to the taskforce being formed. These investigations are carried out using HMRC’s civil powers and do not involve prosecution. By 31 March 2022, HMRC have recovered around £762 million of overclaimed grants. This is in addition to £425 million prevented from being paid out incorrectly and £970 million returned by claimants because they did not need the grant or they identified they had overclaimed without HMRC taking action.</p><p> </p><p>In addition, HMRC carries out criminal investigations in the most serious cases of fraud. As of 31 July 2022, there has been 1 successful prosecution for fraud on the HMRC administered COVID-19 support schemes. HMRC also has 30 active criminal investigations that involve suspected COVID-19 scheme fraud and the final decision on whether to prosecute in these cases will be made by independent prosecution partners.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller grouped question UIN 45187 45851 45852 45853 question first answered 16/09/2022 11:07:28 answering member 3912 label Biography information for Richard Fuller
tabling member	4402 label Biography information for Douglas Chapman

1503505

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Inflation
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 potential merits of lifting the VAT registration threshold in line with inflation.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	45092
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The UK has the highest VAT registration threshold in the OECD and as compared to EU Member States at £85,000. This keeps the majority of UK businesses out of VAT altogether.</p><p> </p><p>Whilst the Government keeps all taxes under review, it was announced at Budget 2021 that the VAT threshold will be maintained at its current level of £85,000 until 31 March 2024.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 20/09/2022 10:23:39 answering member 3912 label Biography information for Richard Fuller
tabling member	4467 label Biography information for Drew Hendry