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1308940

registered interest
date	14/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bitcoin: Electricity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what environmental impact assessment his Department has made of the electricity demand of Bitcoin mining.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	180918
answer	answer is ministerial correction date of answer 23/04/2021 answer text <p>I refer the Hon. Member to the answer given on 14 April.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 23/04/2021 11:14:25 answering member 4597 label Biography information for Kemi Badenoch
tabling member	318 label Biography information for John Spellar

1309030

registered interest
date	14/04/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bitcoin: Electricity
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether the environmental impact of the electricity demand of bitcoin mining will be on the COP26 agenda.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	180919
answer	answer is ministerial correction date of answer 23/04/2021 answer text <p>The Government’s private finance objective for the upcoming COP26 climate change forum is to ensure that every professional financial decision takes climate change into account. The recovery from COVID-19 will determine the mitigation and adaptation pathways for decades to come.</p><p> </p><p>The finance campaign will provide the conditions for a future that is genuinely greener, more resilient and more sustainable than the past. Action on finance underpins all the other COP campaigns: adaptation and resilience, energy transition, nature and zero-emission vehicles. Without the right levels of finance, the rest is not possible.</p><p> </p><p>The Government has already taken action to ensure the UK is the world-leading centre for green finance including through announcing an intention to make disclosures aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) fully mandatory across the economy by 2025, making the UK the first country to do so.</p><p> </p><p>Additionally, the Government has committed to the implementation of a green taxonomy. This will allow us to accelerate our work towards a greener financial sector, by providing a common definition for environmentally sustainable economy activities.</p><p>The Cryptoasset Taskforce, comprising HM Treasury, the Financial Conduct Authority, and the Bank of England, considers the impact of cryptoassets and assesses what, if any, regulation is required in response. The Government stands ready to respond to emerging risks or changes in the market and will continue to monitor developments in cryptoassets.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 23/04/2021 11:15:49 answering member 4597 label Biography information for Kemi Badenoch
tabling member	318 label Biography information for John Spellar

1293362

registered interest
date	01/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	International Transport: Republic of Ireland
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 effectiveness of TIR procedures for vehicles crossing the UK from Ireland to travel onward to the EU since the end of the transition period.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	160526
answer	answer is ministerial correction date of answer 09/03/2021 answer text <p>HMRC have not carried out any assessments of effectiveness of TIR procedures for vehicles crossing the UK.</p><p> </p><p>The UK is a member of both the Common Transit Convention (CTC) and Transports Internationaux Routiers (TIR) conventions. Depending on preferences and suitability, a trader can choose to use the TIR or CTC process to move goods across borders using transit.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/03/2021 14:15:31 answering member 3991 label Biography information for Jesse Norman
tabling member	318 label Biography information for John Spellar

1284160

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Coronavirus
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 equity of companies (a) maintaining or (b) increasing (i) dividends and (ii) management bonuses while receiving financial support during the covid-19 outbreak.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	149160
answer	answer is ministerial correction date of answer 11/02/2021 answer text <p>The Government acted quickly to deliver an unprecedented package of support measures, well-targeted at businesses in genuine need. It is our expectation that everyone should act responsibly and in the spirit of the package, and only claim and use support as intended.</p><p> </p><p>Under the Coronavirus Large Business Interruption Loan Scheme (CLBILS), borrowers are required to restrict dividend payments and are only allowed to make dividends payments which were a) declared before the CLBILS loan was taken out, b) are in keeping with similar dividends payments made in the preceding 12 months, and c) do not have a material negative impact on the borrower’s ability to repay the loan. Firms borrowing more than £50m will be required to agree to defer dividend payments and share buybacks, alongside restrictions on pay and bonuses for senior management. These restrictions remain in place until the loan has been repaid.</p><p> </p><p>Additionally, Companies accessing the Covid Corporate Financing Facility (CCFF) beyond 19 May 2021, are required to defer capital distributions, pay rises and cash bonuses to senior management. The Government continues to keep all measures under constant review.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 11/02/2021 14:17:32 answering member 4051 label Biography information for John Glen
tabling member	318 label Biography information for John Spellar

1284162

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance: Netherlands
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to prevent companies funnelling profits into low tax subsidiaries in the Netherlands.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	149161
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The UK has led international efforts to tackle avoidance by multinationals, including through the OECD Base Erosion and Profit Shifting (“BEPS”) Project which looks at aggressive tax planning strategies that exploit tax rules to artificially shift profits to low tax jurisdictions where there is little or no economic activity.</p><p> </p><p>This international collaboration has led to the introduction of hybrid mismatch rules that prevent multinationals exploiting differences in the tax systems of different countries, a requirement for UK headed large businesses to provide HMRC with a country-by-country report, detailing their global profits, tax and assets to ensure they are paying the correct tax on all their UK activity, and a Corporate Interest Restriction that protects against companies using intra-group loans to shift profits overseas.</p><p> </p><p>Alongside these multilateral efforts are UK domestic rules that have complemented these changes.</p><p> </p><p>In April 2015, the UK Government introduced the Diverted Profits Tax (‘DPT’). DPT was designed to counter contrived arrangements used by multinational corporations to shift their profits offshore and avoid paying tax in the UK on their economic activities here.</p><p> </p><p>In January 2019 HMRC launched a new Profit Diversion Compliance Facility (‘PDCF’) to encourage businesses to stop diverting profits and pay what is due. About two-thirds of the large businesses targeted so far have decided to use the facility to bring their tax affairs up to date quickly and efficiently, enabling HMRC to focus even more resources on investigating businesses which continue to divert profits.</p><p> </p><p>Multinationals can often have complicated tax affairs and HMRC are determined to ensure that their profits are correctly attributed, and they are paying all the tax they owe.</p><p> </p><p>Additional information about HMRC’s work to tackle profit diversion by multinational companies is available on GOV.UK along with the most recent Transfer Pricing and Diverted Profits Tax statistics:</p><p> </p><p><a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020/tackling-profit-diversion-by-multi-national-companies" target="_blank">https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020/tackling-profit-diversion-by-multi-national-companies</a></p><p> </p><p><a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020" target="_blank">https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 13:51:40 answering member 3991 label Biography information for Jesse Norman
tabling member	318 label Biography information for John Spellar

1259217

registered interest
date	08/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	London Capital & Finance Investigation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to publish the report by Dame Elizabeth Gloster on London Capital and Finance.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	126777
answer	answer is ministerial correction date of answer 15/12/2020 answer text <p>As set out in a Written Ministerial Statement on 24 November the Treasury is working with the FCA so that the government can lay before Parliament (and publish online) Dame Elizabeth’s report and the FCA’s response before the December recess. This remains the government’s intention.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 15/12/2020 14:23:12 answering member 4051 label Biography information for John Glen
tabling member	318 label Biography information for John Spellar

1241431

registered interest
date	07/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what his Department's policy is on the right of customers to pay in cash.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	100286
answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>The Government recognises that cash remains important to millions of people across the UK, which is why it has committed to legislate to protect access to cash and to ensure that the UK’s cash infrastructure is sustainable long term.</p><p>The Government remains closely engaged with the financial regulators, including through the Treasury-chaired Joint Authorities Cash Strategy Group, to monitor and assess risks around cash relating to COVID-19. In order to help control the virus, all businesses and individuals are encouraged to follow the latest Government advice. To work safely during COVID-19, retailers have been recommended to minimise contact around transactions, for example, considering using contactless payments. However, it remains the individual retailer’s choice as to whether to accept or decline any form of payment, including cash or card.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2020 10:40:14 answering member 4051 label Biography information for John Glen
tabling member	318 label Biography information for John Spellar

1241432

registered interest
date	07/10/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to respond to the Financial Conduct Authority's report, General insurance pricing practices: Final report, published in September 2020.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	100287
answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>Consumers should be able to get a fair deal when purchasing insurance. The FCA has set out proposals to deliver this in its report on General Insurance Pricing Practices. We are engaging with the regulator and the sector on next steps and will be interested in the outcome of the FCA’s consultation due in early 2021.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/10/2020 10:37:57 answering member 4051 label Biography information for John Glen
tabling member	318 label Biography information for John Spellar

1221200

registered interest
date	06/07/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Members: Correspondence
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to reply to the letter of 3 April 2020 from the right hon. Member for Warley regarding Ms Foley.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	69426
answer	answer is ministerial correction date of answer 14/07/2020 answer text <p>The letter the Rt Hon. Member for Warley refers to was passed to HM Revenue and Customs and a response was issued on 4 May 2020. HMRC have confirmed that a further copy of that reply was sent to the Rt Hon. Member on 8 July 2020.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 14/07/2020 13:36:05 answering member 3991 label Biography information for Jesse Norman
tabling member	318 label Biography information for John Spellar

1201744

registered interest
date	09/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Social Distancing
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 the effect of distanced working during the covid-19 lockdown on the proposals for the closure of local branches of his Department's offices.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	57080
answer	answer is ministerial correction date of answer 17/06/2020 answer text <p>HMRC remain committed to their locations strategy of moving to regional centres and specialist sites. Timescales for some existing office closures are currently under review due to the impact of COVID-19 on the construction of some regional centres. As is always the case, if there are ways in which HMRC can improve how they deliver their vital public services then they will seek to implement those improvements. This includes reviewing how HMRC have been able to respond to COVID-19 and determining whether and how they might be able to sustain any changes to ways of working that are proven to lead to better outcomes for both HMRC and taxpayers.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/06/2020 13:16:33 answering member 3991 label Biography information for Jesse Norman
tabling member	318 label Biography information for John Spellar