Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1316662

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Asian Infrastructure Investment Bank
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 the work of the Asian Infrastructure Investment Bank.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	4620
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>The Asian Infrastructure Investment Bank (AIIB) has functioned effectively since its establishment in 2016, supporting sustainable development in Asia by investing under globally accepted standards and following multilateral governance practices established by existing multilateral development banks (MDBs).</p><p> </p><p>The AIIB has a large global membership of 103 approved members , including five of the G7 with whom the UK collaborates closely as shareholders.</p><p> </p><p>As of May 2021, it has approved 123 investment projects worth USD 24.66 billion in 28 client countries, with USD 8.2 billion of this supporting Covid-19 recovery. The AIIB invested USD 1.2 billion as climate finance in 2020.</p><p> </p><p>The UK supports the AIIB’s green ambitions, noting that its 2030 Corporate Strategy has set a 50% climate finance target for 2025, the highest among MDBs with a UK shareholding, and also commits the Bank to Paris alignment.</p><p> </p><p>Over half of the AIIB’s investments to date have been co-financed with peer MDBs, predominately the World Bank and Asian Development Bank.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 27/05/2021 14:14:12 answering member 4051 label Biography information for John Glen
tabling member	4397 label Biography information for Peter Dowd

1316663

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	State Development and Investment Corporation
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 how much UK property and infrastructure is owned by China State Development and Investment Corporation.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	4621
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>HMG does not routinely monitor cumulative investment activity from specific companies. Foreign investment supports UK jobs and productivity. As set out in <em>Build Back Better: our plan for growth </em>alongside the Budget in March, the Government is committed to ensuring that the UK continues to be one of the top destinations in the world for investment. The National Security and Investment Act will give the Secretary of State for Business, Energy and Industrial Strategy the power to call in acquisitions of control over qualifying entities or assets to assess whether they give rise to national security concerns.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/05/2021 14:09:57 answering member 4051 label Biography information for John Glen
tabling member	4397 label Biography information for Peter Dowd

1316698

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tonnage Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent discussions (a) he and (b) officials in his Department have had with relevant stakeholders on a refresh to the tonnage tax regime.
tabling member constituency	Barrow and Furness
tabling member printed	Simon Fell
uin	4703
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>As with all taxes, the Government keeps the tonnage tax regime under review and regularly engages with relevant stakeholders. Any changes to the tax system are considered and announced by the Chancellor.</p><p> </p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 27/05/2021 14:33:14 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4744 label Biography information for Simon Fell

1316731

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Off-payroll Working
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 potential effect of the introduction of IR35 on the employment (a) status and (b) rights of offshore energy workers in the (i) oil and gas and (ii) renewables sector.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	4596
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p>The off-payroll working rules (commonly known as IR35) have been in place for over twenty years and are designed to ensure that individuals working like employees but through their own company, usually a personal service company (PSC), pay broadly the same Income Tax and National Insurance contributions (NICs) as those who are directly employed.</p><p> </p><p>However, non-compliance with these rules was widespread. It is estimated that this non-compliance in the private and voluntary sectors would cost the Exchequer £1.3 billion per year by 2023/24 if not addressed, denying the taxpayer significant funding for public services. This is not a new tax; the reform will improve compliance with existing rules by moving the responsibility for determining whether the off-payroll working rules apply from the individual's company to the client engaging them.</p><p> </p><p>The Tax Information and Impact Note (TIIN) published at Spring Budget 2021 sets out that nationally, the reform of the off-payroll working rules is expected to affect about 180,000 individuals across all sectors outside the public sector who are working through their own companies, and who would be employed if engaged directly. No specific assessment has been made of the potential impact on offshore energy workers.</p><p> </p><p>The TIIN can be found on GOV.UK: <a href="https://www.gov.uk/government/publications/off-payroll-working-rules-from-april-2021/off-payroll-working-rules-from-april-2021" target="_blank">https://www.gov.uk/government/publications/off-payroll-working-rules-from-april-2021/off-payroll-working-rules-from-april-2021</a>.</p><p> </p><p>Falling within the off-payroll working tax rules does not change an individual's status for employment rights; there are separate legal frameworks for determining employment status for tax and for rights, with no direct link between the two.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 4597 question first answered 25/05/2021 16:08:43 answering member 3991 label Biography information for Jesse Norman
tabling member	4122 label Biography information for Alex Cunningham

1316732

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Off-payroll Working
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what his policy objectives are in extending IR35 to offshore energy workers in the (a) oil and gas and (b) renewables sector.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	4597
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p>The off-payroll working rules (commonly known as IR35) have been in place for over twenty years and are designed to ensure that individuals working like employees but through their own company, usually a personal service company (PSC), pay broadly the same Income Tax and National Insurance contributions (NICs) as those who are directly employed.</p><p> </p><p>However, non-compliance with these rules was widespread. It is estimated that this non-compliance in the private and voluntary sectors would cost the Exchequer £1.3 billion per year by 2023/24 if not addressed, denying the taxpayer significant funding for public services. This is not a new tax; the reform will improve compliance with existing rules by moving the responsibility for determining whether the off-payroll working rules apply from the individual's company to the client engaging them.</p><p> </p><p>The Tax Information and Impact Note (TIIN) published at Spring Budget 2021 sets out that nationally, the reform of the off-payroll working rules is expected to affect about 180,000 individuals across all sectors outside the public sector who are working through their own companies, and who would be employed if engaged directly. No specific assessment has been made of the potential impact on offshore energy workers.</p><p> </p><p>The TIIN can be found on GOV.UK: <a href="https://www.gov.uk/government/publications/off-payroll-working-rules-from-april-2021/off-payroll-working-rules-from-april-2021" target="_blank">https://www.gov.uk/government/publications/off-payroll-working-rules-from-april-2021/off-payroll-working-rules-from-april-2021</a>.</p><p> </p><p>Falling within the off-payroll working tax rules does not change an individual's status for employment rights; there are separate legal frameworks for determining employment status for tax and for rights, with no direct link between the two.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 4596 question first answered 25/05/2021 16:08:44 answering member 3991 label Biography information for Jesse Norman
tabling member	4122 label Biography information for Alex Cunningham

1316733

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax: Divers
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he last discussed with HMRC the tax codes for income earned by commercial divers in the (a) inshore and (b) offshore sectors.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	4598
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p><br>All parts of the tax system are kept under review. It would be inappropriate to divulge specific topics of conversation between Ministers and officials.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 25/05/2021 16:07:01 answering member 3991 label Biography information for Jesse Norman
tabling member	4122 label Biography information for Alex Cunningham

1316739

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	International Military Services: Iran
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, for what reason his Department has not made a decision on the 2017 licence application to pay the International Military Services Limited debt to the Central Bank of Iran.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	4643
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p>As the competent authority for the implementation of financial sanctions, the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, ensures financial sanctions are properly understood and enforced.</p><p>If an activity prohibited by financial sanctions falls within licensing grounds set out in the applicable legislation OFSI considers the relevant evidence, on a case by case basis, before deciding whether to grant a licence. Licences are granted in strict adherence to the applicable law.</p><p> </p><p>OFSI does not, however, comment on individual licence applications. Where a licence has been issued by OFSI, it does not compel any party to take any action.</p><p> </p><p>The Government monitors developments in international sanctions. However, it would not be appropriate to speculate on developments in relation to a particular designation.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4644 4645 question first answered 25/05/2021 10:53:05 answering member 4051 label Biography information for John Glen
tabling member	4518 label Biography information for Tulip Siddiq

1316740

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	International Military Services: Iran
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what risk assessment his Department has made of the time taken for a decision on the 2017 licence to pay the International Military Services Limited debt to Iran.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	4644
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p>As the competent authority for the implementation of financial sanctions, the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, ensures financial sanctions are properly understood and enforced.</p><p>If an activity prohibited by financial sanctions falls within licensing grounds set out in the applicable legislation OFSI considers the relevant evidence, on a case by case basis, before deciding whether to grant a licence. Licences are granted in strict adherence to the applicable law.</p><p> </p><p>OFSI does not, however, comment on individual licence applications. Where a licence has been issued by OFSI, it does not compel any party to take any action.</p><p> </p><p>The Government monitors developments in international sanctions. However, it would not be appropriate to speculate on developments in relation to a particular designation.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4643 4645 question first answered 25/05/2021 10:53:06 answering member 4051 label Biography information for John Glen
tabling member	4518 label Biography information for Tulip Siddiq

1316742

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Iran
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 potential effect of the lifting of US sanctions on the Central Bank of Iran on the ability of payments to be made by the UK Government to the Central Bank of Iran.
tabling member constituency	Hampstead and Kilburn
tabling member printed	Tulip Siddiq
uin	4645
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p>As the competent authority for the implementation of financial sanctions, the Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, ensures financial sanctions are properly understood and enforced.</p><p>If an activity prohibited by financial sanctions falls within licensing grounds set out in the applicable legislation OFSI considers the relevant evidence, on a case by case basis, before deciding whether to grant a licence. Licences are granted in strict adherence to the applicable law.</p><p> </p><p>OFSI does not, however, comment on individual licence applications. Where a licence has been issued by OFSI, it does not compel any party to take any action.</p><p> </p><p>The Government monitors developments in international sanctions. However, it would not be appropriate to speculate on developments in relation to a particular designation.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4643 4644 question first answered 25/05/2021 10:53:06 answering member 4051 label Biography information for John Glen
tabling member	4518 label Biography information for Tulip Siddiq

1316747

registered interest
date	20/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Infrastructure: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the announcement in the 2021 Budget of £100 billion of funding for infrastructure, how that funding will be allocated across the South East region to (a) transport projects, such as East West Rail and the West Anglia mainline, (b) the roll out of high speed broadband and 5G and (c) other services to support the long-term growth of that region and places within the UK Innovation Corridor.
tabling member constituency	North East Hertfordshire
tabling member printed	Sir Oliver Heald
uin	4513
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>The Government has committed to increase investment in infrastructure for the benefit of the whole of the UK. As part of this, we will invest £760 million to deliver the next phase of East West Rail, reinstating direct rail services between Bicester and Bletchley and creating 1500 skilled jobs. Local areas in the South East will also benefit from the Government’s landmark £5bn commitment to support the rollout of gigabit connectivity in the hardest to reach parts of the country and our ambition for the majority of the population to have access to a 5G signal by 2027. Furthermore, in 21-22 we are investing £14.6 billion in research and innovation grants and facilities across the UK, backing the priorities set out in the UK Government’s Research and Development Roadmap. The Government welcomes any endeavour that aims to support innovation and ‘build back better’, including the initiatives of the Innovation Corridor to link opportunities in the South East.</p><p> </p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 27/05/2021 14:18:20 answering member 4597 label Biography information for Kemi Badenoch
tabling member	69 label Biography information for Sir Oliver Heald