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754487

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages: EU Nationals
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he has received (a) representations or (b) reports on an increase in discrimination towards non-UK EU nationals in terms of their access to mortgage financing on account of uncertainty as to the future status of EU citizens; and if he will make a statement.
tabling member constituency	Dulwich and West Norwood
tabling member printed	Helen Hayes
uin	6828
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>The Treasury has not received any representations or reports on an increase in discrimination. UK Finance, the main industry trade body for this sector, have confirmed that mortgage lenders intend to pursue a business-as-usual approach throughout the withdrawal negotiation period, and will continue to treat customers fairly and act in the best interests of customers. Lenders are not currently adopting any changes to their lending criteria regarding citizenship status.</p><p>The Government’s objective is to provide reassurance and certainty to the 3 million EU citizens living in the UK. Negotiations with the EU have been constructive, and will consider the issue of economic rights at the next round of negotiations.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 06/09/2017 10:05:03 answering member 4095 label Biography information for Steve Barclay
tabling member	4510 label Biography information for Helen Hayes

754488

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages: EU Nationals
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the potential occurrence of discrimination in access to mortgages for non-UK EU citizens; and if he will make a statement.
tabling member constituency	Dulwich and West Norwood
tabling member printed	Helen Hayes
uin	6829
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>The Treasury has not made an assessment of the potential occurrence of discrimination in access to mortgages for non-UK EU citizens. UK Finance, the main industry trade body for this sector, have confirmed that mortgage lenders intend to pursue a business-as-usual approach throughout the withdrawal negotiation period, and will continue to treat customers fairly and act in the best interests of customers. Lenders are not currently adopting any changes to their lending criteria regarding citizenship status.</p><p>The Government’s objective is to provide reassurance and certainty to the 3 million EU citizens living in the UK. Negotiations with the EU have been constructive, and will consider the issue of economic rights at the next round of negotiations.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 06/09/2017 10:06:11 answering member 4095 label Biography information for Steve Barclay
tabling member	4510 label Biography information for Helen Hayes

754496

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what distributional analysis his Department has carried out on the Government's plan to cut corporation tax to 17 per cent by 2020.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6564
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>The government has not conducted a full distributional analysis of cutting corporation tax to 17%. This is because there is insufficient data about the income distribution of corporate shareholders and uncertainty about the incidence of corporation tax.</p><p> </p><p>However, it is widely accepted, including by the Institute for Fiscal Studies, that a significant proportion of the burden of corporation tax is borne by workers and consumers, not just shareholders.</p><p> </p><p>As with all tax measures, the Government has published a tax information and impact note (TIIN) for this measure which provides our assessment that there are no equalities impacts.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6563 question first answered 06/09/2017 09:23:14 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

754497

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much revenue was lost to the Exchequer as a result of the reduction of capital gains tax (a) basic rate to 10 per cent and (b) main rate to 20 per cent excluding residential property and carried interest since that reduction was implemented.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6565
answer	answer is ministerial correction date of answer 06/09/2017 answer text The estimated effect on Exchequer revenue resulting from the reduction of capital gains tax (a) basic rate to 10 per cent and (b) main rate to 20 per cent excluding residential property and carried interest was published at <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf</a>. answering member constituency Central Devon answering member printed Mel Stride question first answered 06/09/2017 08:53:38 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

754498

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what equality impact assessment his Department has undertaken on the reduction of capital gains tax (a) basic rate to 10 per cent and (b) main rate to 20 per cent excluding on residential property and carried interest.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6770
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>HM Treasury publishes distributional analysis of the cumulative impact of the Government’s tax, welfare, and public service spending decisions at each fiscal event, the latest of which can be found here:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597473/impact_on_households_SB2017_web.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597473/impact_on_households_SB2017_web.pdf</a></p><p> </p><p>The Government publishes Tax Information and Impact notes (TIINs) for all tax policy changes. TIINs provide an explanation of the policy objective together with details of the tax impact on the Exchequer, the economy, individuals, businesses, civil society organisations, as well as any equality or other specific area of impact. All TIINs, including those for the Budget 2016 changes to Capital Gains Tax, can be found here:</p><p><strong><a href="https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins" target="_blank">https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins</a> </strong></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6549 6550 6590 question first answered 06/09/2017 09:00:33 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

754499

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Research: Investment
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans the Government has put in place to encourage private sector investment in research and development.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6548
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>Statistics on R&amp;D are collected and published annually by the Office of National Statistics. The latest data available shows that in 2015, expenditure on R&amp;D performed in the UK was £31.6 billion – its highest level on record. This is the equivalent of 1.7% GDP.</p><p>Government will spend an additional £2bn per year by 2020-21, around a 20% increase in total annual government R&amp;D spending. In addition to public investment in R&amp;D – each £1 of public expenditure on R&amp;D leverages an average of £1.36 of private investment across the economy – many other factors encourage private sector investment. These include our competitive tax system and business environment – the government also increased the rate of business R&amp;D tax credits, providing £2.45bn of relief to 21,000 business in 2014-15 – and our ongoing commitment to improving the nations skills, including in STEM subjects.</p><p>Information on international spending is published regularly by the OECD and the European Commission is available online. The government’s increased spending signals that the UK remains committed to being at the forefront of global science, research and innovation.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss grouped question UIN 6593 6731 question first answered 06/09/2017 13:37:48 answering member 4097 label Biography information for Elizabeth Truss
tabling member	178 label Biography information for John McDonnell

754500

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what equality impact assessment his Department has carried out on the provisions of the forthcoming Finance Bill; and if he will place in the Library a copy of the relevant documents when that Bill receives its First Reading.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6549
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>HM Treasury publishes distributional analysis of the cumulative impact of the Government’s tax, welfare, and public service spending decisions at each fiscal event, the latest of which can be found here:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597473/impact_on_households_SB2017_web.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597473/impact_on_households_SB2017_web.pdf</a></p><p> </p><p>The Government publishes Tax Information and Impact notes (TIINs) for all tax policy changes. TIINs provide an explanation of the policy objective together with details of the tax impact on the Exchequer, the economy, individuals, businesses, civil society organisations, as well as any equality or other specific area of impact. All TIINs, including those for the Budget 2016 changes to Capital Gains Tax, can be found here:</p><p><strong><a href="https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins" target="_blank">https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins</a> </strong></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6550 6590 6770 question first answered 06/09/2017 09:00:32 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

754501

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what distributional analysis his Department has carried out on the forthcoming Finance Bill; and if he will place in the Library a copy of the relevant documents when that Bill receives First Reading.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6550
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>HM Treasury publishes distributional analysis of the cumulative impact of the Government’s tax, welfare, and public service spending decisions at each fiscal event, the latest of which can be found here:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597473/impact_on_households_SB2017_web.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/597473/impact_on_households_SB2017_web.pdf</a></p><p> </p><p>The Government publishes Tax Information and Impact notes (TIINs) for all tax policy changes. TIINs provide an explanation of the policy objective together with details of the tax impact on the Exchequer, the economy, individuals, businesses, civil society organisations, as well as any equality or other specific area of impact. All TIINs, including those for the Budget 2016 changes to Capital Gains Tax, can be found here:</p><p><strong><a href="https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins" target="_blank">https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins</a> </strong></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6549 6590 6770 question first answered 06/09/2017 09:00:33 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

754508

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Hotels and Restaurants: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to reduce VAT on hotels and restaurants in Northern Ireland.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	6493
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>EU law does not allow for the application of different VAT rates in different regions of the UK. VAT rates must therefore apply across the whole of the UK. The government has considered the economic costs and benefits of a reduced rate of VAT for tourism related activities and has concluded that there is currently insufficient evidence that this would provide value for money.</p><p> </p><p>The government will look again at the impact of both VAT and APD on tourism in Northern Ireland and will commission a detailed consultative report to gather further evidence to recommend how best to build upon the growing success of that sector.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 06/09/2017 09:14:16 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

754509

registered interest
date	20/07/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to introduce measures to tackle tax avoidance and evasion by people through nom-dom status and offshore trusts.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	6461
answer	answer is ministerial correction date of answer 06/09/2017 answer text <p>Since 2010, the Government have secured almost £160 billion in additional tax revenue as a result of actions to tackle tax evasion, tax avoidance and non-compliance. This includes more than £2.7 billon from offshore tax evaders, with action both at home and abroad.</p><p> </p><p>The UK already has effective legislation to tackle avoidance involving offshore trusts. We announced our intention to legislate further, making it harder for anybody to avoid paying tax on funds held in offshore trusts and to introduce tougher sanctions for those who fail to declare past UK tax liabilities on offshore interests before October 2018. The Government is introducing legislation which will raise over £1.5bn from non-domiciled individuals over a five-year period.</p><p> </p><p>The UK has been at the forefront of international work which has seen over 100 countries commit to automatically exchange financial account information. Furthermore, we have set up a register for trusts with tax consequences, we have introduced new civil and criminal sanctions for offshore tax evaders and those who help them, and since 2010, we have invested over £1.8 billion in HMRC to tackle evasion, avoidance and non-compliance.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 6462 6560 question first answered 06/09/2017 09:25:34 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell