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598170

registered interest
date	10/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	FairFuel UK
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will meet FairFuelUK to discuss fiscal incentives for the use of cleaner fuels.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	47707
answer	answer is ministerial correction date of answer 18/10/2016 answer text <p>Treasury Ministers and officials meet with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 18/10/2016 09:59:10 answering member 3918 label Biography information for Jane Ellison
tabling member	298 label Biography information for Steve McCabe

595386

registered interest
date	07/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Off-payroll Working
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the likely costs in administering changes to IR35 on public sector contracts; whether these costs will fall on public sector organisations; and what estimate his Department has made of the net gain to the Exchequer resulting from those changes.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	47016
answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>Her Majesty’s Revenue and Customs (HMRC) has formally consulted with stakeholders, including a large number of public sector organisations on the impacts of the changes. The Government is analysing these responses and will respond in due course.</p><p> </p><p>Changes to off-payroll working in the public sector will make the engager responsible for deducting and paying associated tax and National Insurance where the intermediary rules apply. These changes will increase compliance with existing rules, rather than introducing a new tax liability. It is right that public sector bodies ensure that their workers are paying the correct amount of tax. At Budget this year, the Government published an estimate of the Exchequer yield as a result of these changes. This totalled around £550 million over the scorecard period, to 2021.</p> answering member constituency Battersea answering member printed Jane Ellison question first answered 17/10/2016 16:03:29 answering member 3918 label Biography information for Jane Ellison
tabling member	298 label Biography information for Steve McCabe

595390

registered interest
date	07/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Incentives
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 September 2016 to Question 44306, what assessment he has made of the effect of his Department's policies on trends in shifts from bonuses to salaries in the financial sector; and what plans he has to tackle income inequality in the UK.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	46911
answer	answer is ministerial correction date of answer 14/10/2016 answer text <p>The UK is at the forefront of global efforts to tackle unacceptable pay practices in the banking sector and has the toughest regime on pay of any major financial centre.</p><p> </p><p>Firms are now required to have policies in place to defer, reduce, cancel or clawback bonuses in the event that poor performance or misconduct comes to light and the Government expects firms to be proactive in their application of these policies. Used in this way bonuses can be an effective incentive for staff to act in the long term interests of a business.</p><p> </p><p>The Government’s efforts have resulted in a restructuring of pay including a significant reduction in cash bonuses, and a better alignment of risk and reward in the financial sector.</p><p> </p><p>Income inequality is lower than it was in 2010, and close to its lowest level since the mid-1980s. Furthermore, distributional analysis published by the Treasury alongside Budget 2016 shows that the richest fifth of households are projected to pay a greater proportion of taxes in 2019-20 than in 2010-11 as a result of government policy – and more than all other households put together.</p><p> </p><p>The government is committed to making Britain a country that works for everyone through tacking injustices and ensuring that everyone, whatever their background, is able to go as far as their talents can take them.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 14/10/2016 09:50:27 answering member 3929 label Biography information for Simon Kirby
tabling member	298 label Biography information for Steve McCabe

595391

registered interest
date	07/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Incentives
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 September 2016 to Question 44306 and with reference to ONS figures detailing the record amount of bonuses paid in Great Britain last year, released in Average weekly earnings, bonus payments in Great Britain: financial year ending 2016, on 15 September, what assessment he has made of the effectiveness of his policies in curbing excessive performance bonuses; and what plans he has to tackle inequality in performance bonuses between industry sectors.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	46912
answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>The UK is at the forefront of global efforts to tackle unacceptable pay practices in the banking sector and has the toughest regime on pay of any major financial centre.</p><p> </p><p>Firms are now required to have policies in place to defer, reduce, cancel or clawback bonuses in the event that poor performance or misconduct comes to light and the Government expects firms to be proactive in their application of these policies. Used in this way bonuses can be an effective incentive for staff to act in the long term interests of a business.</p><p> </p><p>The Government’s efforts have resulted in a restructuring of pay including a significant reduction in cash bonuses, and a better alignment of risk and reward in the financial sector.</p><p> </p><p>Outside the financial services sector, it is for businesses to decide how they remunerate their employees provided minimum legal requirements are met. The ONS statistics show that bonuses as a percentage of total pay for sectors other than finance and insurance have remained relatively stable since 2000 at an average of 4.0%.</p><p> </p><p>The Government intends to publish a consultation document later this year that will set out a range of options for strengthening corporate governance and the way executive pay is set and reported, including greater disclosure of the targets that trigger bonus payments to company directors.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 17/10/2016 09:47:04 answering member 3929 label Biography information for Simon Kirby
tabling member	298 label Biography information for Steve McCabe

595392

registered interest
date	07/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Local Growth Deals: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 September 2016 to Question 44480, through what mechanisms devolution deals will reduce regional variations in tax generation.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	46913
answer	answer is ministerial correction date of answer 14/10/2016 answer text <p>The government has devolved significant powers and funding from central government to city regions through devolution deals, including powers over transport, skills and planning. Devolution is about bringing together key levers at the right functional economic geography to drive economic growth. This will empower local leaders to invest money where it is most needed, to create high-quality jobs and boost local economic growth.</p><p> </p><p>The government has also announced that it will pilot the move to 100% business rate retention with Greater Manchester and the Liverpool City Region, and that this offer is open to other mayoral combined authorities, ensuring local areas and communities see the benefits of supporting businesses and jobs through increased local tax receipts.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/10/2016 09:52:51 answering member 1529 label Biography information for Mr David Gauke
tabling member	298 label Biography information for Steve McCabe

595407

registered interest
date	07/10/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Treasury: Migrant Workers
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, (a) how many and (b) what proportion of staff employed by his Department are non-UK nationals.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	47422
answer	answer is ministerial correction date of answer 17/10/2016 answer text <p>All Government Departments are bound by legal requirements concerning the right to work in the UK and, in addition, the Civil Service Nationality Rules. Evidence of nationality is checked at the point of recruitment into the Civil Service as part of wider pre-employment checks, but there is no requirement on departments to retain this information beyond the point at which it has served its purpose. More broadly, the Government will be consulting in due course on how we work with business to ensure that workers in this country have the skills that they need to get a job. But there are no proposals to publish lists of the number or proportion of foreign workers.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 47594 question first answered 17/10/2016 09:44:00 answering member 3929 label Biography information for Simon Kirby
tabling member	298 label Biography information for Steve McCabe

584177

registered interest
date	15/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Annuities
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will postpone the proposed implementation date of the secondary market for annuities in April 2017 until an appropriate tax code for pensioners is finalised.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	46568
answer	answer is ministerial correction date of answer 10/10/2016 answer text <p>To date, the Government has published the following consultation documents in relation to the secondary market in annuities policy:</p><p> </p><p>Creating a secondary annuity market – March 2015</p><p>Creating a secondary annuity market: response to the call for evidence – December 2015</p><p>Creating a secondary annuity market: tax framework – April 2016</p><p>Creating a secondary market for annuities – secondary legislation – April 2016</p><p> </p><p>These consultations have now closed. The Government will respond shortly.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 46535 46536 46537 question first answered 10/10/2016 15:51:45 answering member 3929 label Biography information for Simon Kirby
tabling member	298 label Biography information for Steve McCabe

584179

registered interest
date	15/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Annuities
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will make it his policy to postpone the introduction of the secondary market for annuities until 2018 to ensure adequate time for the pension industry to plan for the introduction of that market.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	46537
answer	answer is ministerial correction date of answer 10/10/2016 answer text <p>To date, the Government has published the following consultation documents in relation to the secondary market in annuities policy:</p><p> </p><p>Creating a secondary annuity market – March 2015</p><p>Creating a secondary annuity market: response to the call for evidence – December 2015</p><p>Creating a secondary annuity market: tax framework – April 2016</p><p>Creating a secondary market for annuities – secondary legislation – April 2016</p><p> </p><p>These consultations have now closed. The Government will respond shortly.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 46535 46536 46568 question first answered 10/10/2016 15:51:45 answering member 3929 label Biography information for Simon Kirby
tabling member	298 label Biography information for Steve McCabe

584181

registered interest
date	15/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Annuities
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what progress his Department is making on the implementation of the proposed secondary market for annuities.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	46535
answer	answer is ministerial correction date of answer 10/10/2016 answer text <p>To date, the Government has published the following consultation documents in relation to the secondary market in annuities policy:</p><p> </p><p>Creating a secondary annuity market – March 2015</p><p>Creating a secondary annuity market: response to the call for evidence – December 2015</p><p>Creating a secondary annuity market: tax framework – April 2016</p><p>Creating a secondary market for annuities – secondary legislation – April 2016</p><p> </p><p>These consultations have now closed. The Government will respond shortly.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 46536 46537 46568 question first answered 10/10/2016 15:51:45 answering member 3929 label Biography information for Simon Kirby
tabling member	298 label Biography information for Steve McCabe

584182

registered interest
date	15/09/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Annuities
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the adequacy of the length of time between the publication of his Department's planned consultation on a proposed secondary market for annuities and the planned introduction of that market for the pensions industry to prepare for that introduction; and if he will make an assessment of the effect of that period on the effective introduction of that market.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	46536
answer	answer is ministerial correction date of answer 10/10/2016 answer text <p>To date, the Government has published the following consultation documents in relation to the secondary market in annuities policy:</p><p> </p><p>Creating a secondary annuity market – March 2015</p><p>Creating a secondary annuity market: response to the call for evidence – December 2015</p><p>Creating a secondary annuity market: tax framework – April 2016</p><p>Creating a secondary market for annuities – secondary legislation – April 2016</p><p> </p><p>These consultations have now closed. The Government will respond shortly.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 46535 46537 46568 question first answered 10/10/2016 15:51:45 answering member 3929 label Biography information for Simon Kirby
tabling member	298 label Biography information for Steve McCabe