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999386
registered interest false more like this
date less than 2018-10-31more like thismore than 2018-10-31
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Universal Credit more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to row 15 of table 2.1 of Budget 2018, what methodology his Department used to calculate the cost savings arising from the revised implementation schedule for universal credit; and if he will make a statement. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 186155 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-05more like thismore than 2018-11-05
answer text <p>The methodology underlying the costing of the revised Universal Credit implementation schedule is set out on page 11 of the Budget 2018 Policy Costings document.</p> more like this
answering member constituency South West Norfolk more like this
answering member printed Elizabeth Truss more like this
question first answered
less than 2018-11-05T15:58:37.303Zmore like thismore than 2018-11-05T15:58:37.303Z
answering member
4097
label Biography information for Elizabeth Truss more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
946954
registered interest false more like this
date less than 2018-07-23more like thismore than 2018-07-23
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading UK Trade with EU more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, whether it is the policy of the Government that EU member states should apply UK tariffs and trade policy at the EU border for goods intended for the UK. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 167106 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-09-04more like thismore than 2018-09-04
answer text <p>The UK has proposed a Facilitated Customs Arrangement (FCA), which would see the UK mirroring the EU’s customs approach to ensure all goods destined for the EU have complied with EU customs processes - thus removing the need for customs processes between the UK and the EU.</p><p><strong> </strong>As set out in the White Paper ‘The future relationship between the United Kingdom and the European Union’, the UK will seek to negotiate a reciprocal tariff revenue formula, which would account for goods destined for the UK entering via the EU and goods destined for the EU entering via the UK.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-09-04T15:50:09.067Zmore like thismore than 2018-09-04T15:50:09.067Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
911251
registered interest false more like this
date less than 2018-05-24more like thismore than 2018-05-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Financial Services more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what discussions his officials have had with the EU Commission on reform of the third country equivalence regime. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 147782 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-06-04more like thismore than 2018-06-04
answer text <p>My officials and I engage regularly with EU counterparts and the European Commission in the course of ongoing EU business, including in relation to the third country equivalence regime where it is affected by current legislative proposals. We are clear that we expect inclusion of financial services in the future economic partnership with the EU and that the current regime would not be suitable for the volume of trade that exists between us.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
grouped question UIN 147783 more like this
question first answered
less than 2018-06-04T12:33:31.787Zmore like thismore than 2018-06-04T12:33:31.787Z
answering member
4051
label Biography information for John Glen more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
911252
registered interest false more like this
date less than 2018-05-24more like thismore than 2018-05-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Financial Services more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what discussions he has had with his EU counterparts on reform of the third country equivalence regime. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 147783 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-06-04more like thismore than 2018-06-04
answer text <p>My officials and I engage regularly with EU counterparts and the European Commission in the course of ongoing EU business, including in relation to the third country equivalence regime where it is affected by current legislative proposals. We are clear that we expect inclusion of financial services in the future economic partnership with the EU and that the current regime would not be suitable for the volume of trade that exists between us.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
grouped question UIN 147782 more like this
question first answered
less than 2018-06-04T12:33:31.85Zmore like thismore than 2018-06-04T12:33:31.85Z
answering member
4051
label Biography information for John Glen more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
911254
registered interest false more like this
date less than 2018-05-24more like thismore than 2018-05-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Financial Services more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the number of financial service contracts that will require (a) repapering and (b) novating after the UK leaves the EU. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 147784 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-06-04more like thismore than 2018-06-04
answer text <p>The Financial Policy Committee (FPC) is responsible for reviewing risks to the UK’s financial stability following its exit from the EU, including legal uncertainties concerning existing cross-border financial services contracts sold under passporting arrangements. This affects both UK and EU financial services firms and their customers. The FPC estimates that 10 million UK policyholders and 38 million EEA policyholders could be affected.</p><p> </p><p>Whilst coordination between the UK and EU is required to fully mitigate contractual continuity risks, the UK government has been clear that, per its 20 December 2017 announcement, it will legislate if necessary to ensure that contractual obligations can continue to be met, mitigating the effect of withdrawal on existing contractual relationships for inbound firms<strong><em>.</em></strong></p><p><strong><em> </em></strong></p><p>There is a shared interest for both the UK and the EU to ensure that we avoid outcomes that impose unnecessary costs and disruption on individuals and businesses as the UK leaves the EU. It is vitally important that we work with our European partners to put the technical arrangements in place to avoid financial market disruption.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
grouped question UIN 147785 more like this
question first answered
less than 2018-06-04T12:40:18.58Zmore like thismore than 2018-06-04T12:40:18.58Z
answering member
4051
label Biography information for John Glen more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
911255
registered interest false more like this
date less than 2018-05-24more like thismore than 2018-05-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Financial Services more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the European Council on the grandfathering of the terms of existing cross-border financial services contracts after the UK leaves the EU. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 147785 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-06-04more like thismore than 2018-06-04
answer text <p>The Financial Policy Committee (FPC) is responsible for reviewing risks to the UK’s financial stability following its exit from the EU, including legal uncertainties concerning existing cross-border financial services contracts sold under passporting arrangements. This affects both UK and EU financial services firms and their customers. The FPC estimates that 10 million UK policyholders and 38 million EEA policyholders could be affected.</p><p> </p><p>Whilst coordination between the UK and EU is required to fully mitigate contractual continuity risks, the UK government has been clear that, per its 20 December 2017 announcement, it will legislate if necessary to ensure that contractual obligations can continue to be met, mitigating the effect of withdrawal on existing contractual relationships for inbound firms<strong><em>.</em></strong></p><p><strong><em> </em></strong></p><p>There is a shared interest for both the UK and the EU to ensure that we avoid outcomes that impose unnecessary costs and disruption on individuals and businesses as the UK leaves the EU. It is vitally important that we work with our European partners to put the technical arrangements in place to avoid financial market disruption.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
grouped question UIN 147784 more like this
question first answered
less than 2018-06-04T12:40:18.627Zmore like thismore than 2018-06-04T12:40:18.627Z
answering member
4051
label Biography information for John Glen more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
911256
registered interest false more like this
date less than 2018-05-24more like thismore than 2018-05-24
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Financial Services more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect that operating under EU third country regimes may have on the UK asset management industry in the event that the UK leaves the EU without a deal. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 147786 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-06-04more like thismore than 2018-06-04
answer text <p>We want our future relationship with the EU to be a deep and special partnership. We are confident that this is in the interests of both sides, so we approach these negotiations anticipating success. We are clear that we expect inclusion of financial services in the future economic partnership with the EU.</p><p> </p><p>The Government is undertaking a wide range of ongoing analysis in support of our EU exit negotiations and preparations. Our overall programme of work is comprehensive, thorough and is continuously updated.</p><p> </p><p>As a responsible Government, we continue to plan for all scenarios, but with increased confidence that we will leave with a deal.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2018-06-04T12:36:11.493Zmore like thismore than 2018-06-04T12:36:11.493Z
answering member
4051
label Biography information for John Glen more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
904053
registered interest false more like this
date less than 2018-05-14more like thismore than 2018-05-14
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Care Workers: Tax Allowances more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what plans he has to improve the advice provided for care workers on tax relief for travel expenses. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 143624 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-05-17more like thismore than 2018-05-17
answer text <p>As announced at Autumn Budget 2017, HM Revenue &amp; Customs will continue to work with external stakeholders to improve the guidance on employee expenses, particularly travel and subsistence and the process for claiming tax relief on non-reimbursed expenses. This includes guidance relevant to care workers.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-05-17T15:06:21.263Zmore like thismore than 2018-05-17T15:06:21.263Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
900129
registered interest false more like this
date less than 2018-05-08more like thismore than 2018-05-08
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading PAYE more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 20 February 2018 to Question 127398 on PAYE, whether the contract agreed by HMRC routinely provides management information to HMRC summarising the volume of real time information BACS hashes send to HMRC. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 141665 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-05-11more like thismore than 2018-05-11
answer text <p>HMRC receives a daily operational report of BACS hashes and a monthly summary. The monthly summary is reviewed and used to ensure there are no issues within the hash matching process.</p><p> </p><p>HMRC does not collate this information on an annual basis and to do so would be at a disproportionate cost.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-05-11T12:07:39.237Zmore like thismore than 2018-05-11T12:07:39.237Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this
882732
registered interest false more like this
date less than 2018-04-13more like thismore than 2018-04-13
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading PAYE more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 20 February 2018 to Question 127398 on PAYE, whether the contract agreed by HMRC provides for routine reporting of real time information BACS hash volumes sent to HMRC. more like this
tabling member constituency East Ham remove filter
tabling member printed
Stephen Timms more like this
uin 135794 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-04-18more like thismore than 2018-04-18
answer text <p>HMRC is not required to report BACS hash volumes.</p><p> </p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-04-18T13:14:45.877Zmore like thismore than 2018-04-18T13:14:45.877Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
163
label Biography information for Sir Stephen Timms more like this