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1130404

registered interest
date	06/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Greenhouse Gas Emissions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Financial Times article entitled UK net zero emissions target will cost more than £1tn, published on 5 June 2019, if he will place a copy of his letter to the Prime Minister on the costs and benefits of moving to a net zero target for UK greenhouse gas emissions in the House of Commons Library.
tabling member constituency	Southampton, Test
tabling member printed	Dr Alan Whitehead
uin	261071
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>It has been the longstanding policy of successive governments not to comment on the content of leaked material.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 11/06/2019 12:41:50 answering member 4320 label Biography information for Robert Jenrick
tabling member	62 label Biography information for Dr Alan Whitehead

1130405

registered interest
date	06/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Soft Drinks: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what programmes were allocated funding from the Soft Drinks Industry Levy in 2018-2019.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	261102
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>In 2018-19 the following programmes were allocated money through funds collected from the levy:</p><p> </p><ul><li>The PE and Sport Premium;</li><li>The Healthy Pupils Capital Fund;</li><li>Breakfast Clubs in over 1700 Schools</li><li>The Essential Life Skills (ELS) programme</li><li>Activities to support Mental Health/Personal, Social, Health and Economic (PSHCE)</li></ul><p> </p><p>The funding from the Soft Drink Industry Levy has meant the following increases in allocations in recent years:</p><p> </p><ul><li>In September 2017 DfE doubled the primary school PE and sport premium from £160 million per year to £320 million per year to help schools support healthier, more active lifestyles. This funding will enable primary schools to make further improvements to the quality and breadth of PE and sport they offer</li></ul><p> </p><ul><li>The Levy has provided up to £26 million funding to expand breakfast clubs in up to 1,700 schools</li></ul><p> </p><p>The Devolved Administrations receive money from the levy through the Barnett formula. We do not hold information on the programmes they choose to support.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 11/06/2019 12:56:29 answering member 4097 label Biography information for Elizabeth Truss
tabling member	308 label Biography information for Mr Jim Cunningham

1130411

registered interest
date	06/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Doctors: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what progress has been made on amending the tapered annual allowance for NHS doctors.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	261103
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>The pension tax rules apply equally across all registered public and private sector defined benefit schemes, including the NHS Pension Scheme. The Government keeps all aspects of the tax system under review through the annual Budget process.</p><p> </p><p>On the 3 June 2019 the SoS for Health and Social Care announced his intention to consult on implementing a new pension flexibility for senior clinicians in the NHS Pension Scheme for England and Wales, to provide a structured way for clinicians to manage their NHS pension growth.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 11/06/2019 10:50:01 answering member 4097 label Biography information for Elizabeth Truss
tabling member	308 label Biography information for Mr Jim Cunningham

1130526

registered interest
date	06/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of how often the annual tapered allowance results in a person being taxed more than 100 per cent of the pensions relief they would have received if they had not reached the allowance limit.
tabling member constituency	Central Ayrshire
tabling member printed	Dr Philippa Whitford
uin	261239
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2016/17 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers.</p><p>The tapered annual allowance is therefore focussed on the highest-earning savers, to ensure that the benefit they receive is not disproportionate to that of other pension savers. Less than one per cent of pension savers will have to reduce their saving or face an annual allowance charge as a result of the tapered annual allowance.</p><p> </p><p>For those who incur annual allowance tax charges, the charge recoups the excess tax relief on the benefits that they have accrued in that year above their annual allowance. The charge is levied at an individual’s marginal rate. For example, an individual with a salary above £150,000 would be taxed at 45% on pension accrual above their annual allowance.</p><p> </p><p>It is not possible to estimate the precise effects of the tapered annual allowance on an individual’s total remuneration without knowing their specific circumstances.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 261240 question first answered 11/06/2019 13:41:45 answering member 4051 label Biography information for John Glen
tabling member	4385 label Biography information for Dr Philippa Whitford

1130527

registered interest
date	06/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of how often the annual tapered allowance results in a person being taxed more than 100 per cent of the earnings gained from additional sessions or responsibilities.
tabling member constituency	Central Ayrshire
tabling member printed	Dr Philippa Whitford
uin	261240
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2016/17 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers.</p><p>The tapered annual allowance is therefore focussed on the highest-earning savers, to ensure that the benefit they receive is not disproportionate to that of other pension savers. Less than one per cent of pension savers will have to reduce their saving or face an annual allowance charge as a result of the tapered annual allowance.</p><p> </p><p>For those who incur annual allowance tax charges, the charge recoups the excess tax relief on the benefits that they have accrued in that year above their annual allowance. The charge is levied at an individual’s marginal rate. For example, an individual with a salary above £150,000 would be taxed at 45% on pension accrual above their annual allowance.</p><p> </p><p>It is not possible to estimate the precise effects of the tapered annual allowance on an individual’s total remuneration without knowing their specific circumstances.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 261239 question first answered 11/06/2019 13:41:45 answering member 4051 label Biography information for John Glen
tabling member	4385 label Biography information for Dr Philippa Whitford

1129969

registered interest
date	05/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Electronic Government
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the efficacy of the Making Tax Digital changes that were implemented in April 2019.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	260563
answer	answer is ministerial correction date of answer 10/06/2019 answer text <p>There are now over 340,000 businesses in the MTD for VAT service, and over 200,000 VAT returns have been successfully submitted. Businesses need to use the MTD service for their first VAT return period starting on or after 1 April, so for the majority, who file quarterly, their first VAT return through MTD will not be due until 7 August at the earliest.</p><p> </p><p>HMRC has published a statement of impacts for the Making Tax Digital for Business programme, which is available at the following link:</p><p> </p><p>https://www.gov.uk/government/publications/making-tax-digital-changing-the-scope-and-pace-technical-note/making-tax-digital-for-business.</p><p> </p><p>HMRC is monitoring the number of sign-ups closely, as well as MTD’s effectiveness.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 10/06/2019 14:31:19 answering member 3991 label Biography information for Jesse Norman
tabling member	1409 label Biography information for Mr Gregory Campbell

1129973

registered interest
date	05/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bus Services: Concessions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will protect the concessionary bus pass in the forthcoming Spending Review.
tabling member constituency	Birmingham, Selly Oak
tabling member printed	Steve McCabe
uin	260537
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>Decisions on public spending, including on concessionary travel, will be made in the round as part of the Spending Review.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 11/06/2019 10:53:49 answering member 4097 label Biography information for Elizabeth Truss
tabling member	298 label Biography information for Steve McCabe

1129985

registered interest
date	05/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensioners: Income
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the ability of consumers to make an informed choice when accessing retirement income products.
tabling member constituency	Wallasey
tabling member printed	Ms Angela Eagle
uin	260554
answer	answer is ministerial correction date of answer 10/06/2019 answer text <p>The Government recognises that people need the right support and guidance to make decisions that best suit their evolving personal circumstances. That is why the Government introduced Pension Wise, a service provided by the Money and Pensions Service (MAPS) that offers everyone aged 50 and over who has a defined contribution pension, free and impartial guidance on their range of available choices at retirement.</p><p> </p><p>The Financial Conduct Authority (FCA) found in its Retirement Outcomes Review in 2018 that consumer engagement in the retirement market is low and there are low levels of shopping around. As part of remedies to improve this, the FCA has set new requirements for pension providers to send more frequent ‘wake-up packs’ to their consumers, which include a summary of their open market options.</p><p> </p><p>The Money Advice Service (provided by MAPS) also offers a guaranteed income product comparator tool and is developing a drawdown comparator tool, to make it easier for consumers to compare the different options available to them.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/06/2019 11:08:05 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1129987

registered interest
date	05/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the regulatory and governance standards in the pensions industry in ensuring that drawdown products are appropriate for consumers.
tabling member constituency	Wallasey
tabling member printed	Ms Angela Eagle
uin	260555
answer	answer is ministerial correction date of answer 10/06/2019 answer text <p>The Financial Conduct Authority (FCA) is the regulator of pensions decumulation products, including drawdown products.</p><p> </p><p>The FCA conducted the Retirement Outcomes Review into the retirement income market, publishing the final report in 2018. The final report particularly focused on investment choices and charges in drawdown. As a result of its findings, it is introducing or consulting on a number of remedies to protect consumers from poor outcomes and promote competition in the market. These include the introduction of investment pathways and a requirement for consumers entering drawdown to receive clearer information on charges. The FCA is also currently consulting on extending the remit of Independent Governance Committees (IGCs) to investment pathways.</p><p> </p><p>As the remedies will be a significant intervention in the drawdown market, the FCA plans to conduct a detailed review of the impact of investment pathways one year after implementation to consider how well the remedy is working.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/06/2019 11:10:53 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1130045

registered interest
date	05/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Poverty
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what measures he uses to identify poverty.
tabling member constituency	Lanark and Hamilton East
tabling member printed	Angela Crawley
uin	260684
answer	answer is ministerial correction date of answer 10/06/2019 answer text <p>The Department for Work and Pensions (DWP) publish an annual Households Below Average Income (HBAI) report which provides statistics on measures of poverty.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 10/06/2019 13:52:02 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4469 label Biography information for Angela Crawley