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1641075

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Government Securities: Bank of England
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much his Department paid the Bank of England to compensate for losses on bonds last year; and what the budget for such payment is this year.
tabling member constituency	Wokingham
tabling member printed	John Redwood
uin	187009
answer	answer is ministerial correction date of answer 12/06/2023 answer text <p>HM Treasury has indemnified any losses or profits which emerge from the independent Monetary Policy Committee (MPC) of the Bank of England’s Quantitative Easing (QE) policy. In the previous financial year (2022-2023), HM Treasury received £4,164mn in excess quarterly profits, while HM Treasury transferred £5,010mn to cover quarterly losses. The net transfers for 2022-2023 were £846mn to cover QE losses.</p><p> </p><p>The future financial position of the APF is highly uncertain and will be determined by market conditions and the independent MPC’s approach to sales. As outlined in this year's Mains estimate, HM Treasury has provisioned for £49,100mn of cash transfers to the Bank of England this financial year. This estimate has some conservatism built in to address the uncertainty of future cash flows, resulting in a prudent, but realistic, budget request for 2023-24.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 12/06/2023 14:34:15 answering member 4874 label Biography information for Andrew Griffith
tabling member	14 label Biography information for Sir John Redwood

1641102

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Dementia: Health Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact on access to social care for people with dementia of the inclusion of community interest companies within the VAT exemptions for welfare, services and goods.
tabling member constituency	Exeter
tabling member printed	Mr Ben Bradshaw
uin	187024
answer	answer is ministerial correction date of answer 12/06/2023 answer text Where social care for people with dementia is provided by a state-regulated body then the VAT exemption for welfare services applies.<p> </p>Community interest companies qualify for the VAT exemption for welfare if the activity they provide is required to be regulated by or registered with the relevant regulatory body. answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 12/06/2023 13:39:57 answering member 4399 label Biography information for Victoria Atkins
tabling member	230 label Biography information for Mr Ben Bradshaw

1641116

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Staff
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many and what proportion of employees in each regional centre of the Criminal Investigations Unit of HMRC have declared their ethnic origin as Black, Asian, and Minority Ethnic.
tabling member constituency	Altrincham and Sale West
tabling member printed	Sir Graham Brady
uin	187046
answer	answer is ministerial correction date of answer 14/06/2023 answer text <p>HMRC requests that staff voluntarily and confidentially record their ethnicity, disability, sexual orientation, religion or belief, gender identity and carer details.</p><p> </p><p>The recording of diversity information is not mandatory, but we ask all HMRC employees to consider the reasons why diversity information is important for individuals and the Organisation.</p><p> </p><p>As a responsible employer, HMRC need to make sure that their policies and procedures do not discriminate against any particular group.</p><p> </p><p>HMRC do not publish the information in the form requested. The ethnicity data that HMRC do publish is available in the Public Sector Equality Duty annual compliance report <em><a href="https://www.gov.uk/government/publications/hmrc-compliance-with-the-public-sector-equality-duties-2021-to-2022/hmrc-public-sector-equality-duty-compliance-2021-to-2022" target="_blank">HMRC: Public Sector Equality Duty compliance 2021 to 2022 - GOV.UK (www.gov.uk)</a></em> and in the Annual Report &amp; Accounts <em><a href="https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2021-to-2022" target="_blank">HMRC annual report and accounts: 2021 to 2022 - GOV.UK (www.gov.uk)</a></em></p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 14/06/2023 11:00:10 answering member 4399 label Biography information for Victoria Atkins
tabling member	435 label Biography information for Sir Graham Brady

1641119

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the average time was for new businesses to have their VAT registration processed in each of the last five years.
tabling member constituency	Hemsworth
tabling member printed	Jon Trickett
uin	187041
answer	answer is ministerial correction date of answer 12/06/2023 answer text <p>HMRC publishes monthly and quarterly performance data on GOV.UK</p><p> </p><p><a href="https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fcollections%2Fhmrc-monthly-performance-reports&amp;data=05%7C01%7Cdavid.g.piper%40hmrc.gov.uk%7C0f72c1ec121d420a957408db4178b59c%7Cac52f73cfd1a4a9a8e7a4a248f3139e1%7C0%7C0%7C638175758910750247%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=wJMIGfkIFClOg3KtFAIjwYa8yYORS2f8nKWhltR0Sdc%3D&amp;reserved=0" target="_blank"><em>https://www.gov.uk/government/collections/hmrc-monthly-performance-reports</em></a><em> </em></p><p><em> </em></p><p><a href="https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fcollections%2Fhmrc-quarterly-performance-updates&amp;data=05%7C01%7Cdavid.g.piper%40hmrc.gov.uk%7C0f72c1ec121d420a957408db4178b59c%7Cac52f73cfd1a4a9a8e7a4a248f3139e1%7C0%7C0%7C638175758910750247%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=RUhDuMuJybYahjgWXcgzEmK8C7VY5OV56IFwNizDkXs%3D&amp;reserved=0" target="_blank"><em>https://www.gov.uk/government/collections/hmrc-quarterly-performance-updates</em></a><em> </em></p><p /> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 12/06/2023 14:52:07 answering member 4399 label Biography information for Victoria Atkins
tabling member	410 label Biography information for Jon Trickett

1641142

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Wines: Excise Duties
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 impact of the changes to the rates of Alcohol Duty on the wine industry.
tabling member constituency	Liverpool, Wavertree
tabling member printed	Paula Barker
uin	187213
answer	answer is ministerial correction date of answer 07/06/2023 answer text <p>The Government published a Tax Information and Impact Note setting out the assessment of impacts from changes to the duty rates made at the Spring Budget 2023.</p><p> </p><p>The Government had to make some tough decisions at Spring Budget in line with its commitment to managing the UK economy responsibly. However, prior to this, the wine industry has benefitted from freezes at 4 out of the last 5 fiscal events. Further, through the Government’s historic alcohol duty reforms, we are standardising the treatment of still and sparkling wine, providing a substantial duty cut for sparkling wine. In addition, lighter wines below 10.4% will pay less duty from 1 August.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 07/06/2023 07:52:55 answering member 4850 label Biography information for Gareth Davies
tabling member	4828 label Biography information for Paula Barker

1641143

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies: Electronic Funds Transfer
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he is taking steps to help ensure that bank customers can freely transfer their money to cryptocurrency exchanges.
tabling member constituency	Vale of Glamorgan
tabling member printed	Alun Cairns
uin	187194
answer	answer is ministerial correction date of answer 07/06/2023 answer text <p>The Government remains committed to supporting safe innovation within the cryptoasset sector, and HM Treasury recognises concerns about the impact of decisions taken by banks with respect to consumer payments to crypto businesses.</p><p> </p><p>However, these are commercial, risk-based decisions driven by a range of factors, including compliance with financial crime obligations. As such, it would not be appropriate for the Government to intervene at this stage.</p><p> </p><p>The Government is encouraging the crypto industry, in the first instance, to engage directly with UK banks, UK Finance and other relevant trade associations.</p><p> </p><p>In parallel, HM Treasury is working towards a comprehensive regulatory framework for the cryptoasset sector which may influence decisions taken by UK banks with regards to controls or restrictions on payments.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 07/06/2023 14:09:15 answering member 4874 label Biography information for Andrew Griffith
tabling member	4086 label Biography information for Alun Cairns

1641156

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Freezing of Assets: Russia
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 potential merits of reforming the trust fund system to help ensure they cannot be used by people to evade sanctions associated with the invasion of Ukraine.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	187219
answer	answer is ministerial correction date of answer 07/06/2023 answer text The UK has imposed the most severe package of financial sanctions in history in response to Russia’s invasion of Ukraine and working with partners, we are isolating Russia from the global economy.<p> </p><p>In December 2022, the Government introduced new sanctions which specifically prohibit UK persons from providing trust services to or for the benefit of designated individuals or persons connected with Russia.</p><p>In addition, last year the government introduced the Register of Overseas Entities through the Economic Crime, Transparency and Enforcement Act. The register collects information on the beneficial owners of trusts who own UK property. This information, alongside that in HMRC’s register of UK trusts is made available to UK law enforcement agencies. This gives law enforcement the tools it needs to identify and prevent criminals who may wish to use trusts operating in the UK to launder money.</p><p> </p><p>The Government will continue to keep our response under review to ensure that as illicit finance threats evolve, our ability to respond effectively does too.</p><p> </p><p> </p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 07/06/2023 13:23:28 answering member 4850 label Biography information for Gareth Davies
tabling member	4467 label Biography information for Drew Hendry

1641198

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Housing: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential incentive to decarbonise homes of extension of the Value Added Tax (Installation of Energy-Saving Materials) Order 2022 to Northern Ireland.
tabling member constituency	North Down
tabling member printed	Stephen Farry
uin	187239
answer	answer is ministerial correction date of answer 07/06/2023 answer text <p>At Spring Statement 2022, it was announced that the installation of qualifying energy saving materials in residential accommodation in Great Britain would benefit from a temporary VAT zero rate until 31 March 2027, after which they will revert to the reduced rate of VAT at five per cent. At that time, the relief could not be introduced in Northern Ireland under the terms of the Northern Ireland Protocol. Following the agreement of the Windsor Framework, however, these changes were extended to Northern Ireland on 1 May 2023.</p><p> </p><p>This support will aid households in improving the energy efficiency of their homes and will help to reduce carbon emissions. Further information on the impact of this VAT relief in Northern Ireland specifically can be found in this <a href="https://www.legislation.gov.uk/uksi/2023/376/pdfs/uksiem_20230376_en.pdf" target="_blank">Explanatory Memorandum</a> and this <a href="https://www.gov.uk/government/publications/vat-relief-for-energy-saving-materials-to-northern-ireland/the-value-added-tax-installation-of-energy-saving-materials-order-2023" target="_blank">Tax Information and Impact Notice</a> on the extension of the relief to Northern Ireland.</p><p> </p>At Spring Budget 2023, the Government published a call for evidence seeking views on further potential areas for reform to this VAT relief. The call for evidence closed on 31 May 2023. We are carefully analysing the responses received, and will publish a summary of responses and next steps in due course. answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 07/06/2023 14:14:03 answering member 4850 label Biography information for Gareth Davies
tabling member	4856 label Biography information for Stephen Farry

1641275

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Wines: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to freeze the duty band for wine of 11.5 per cent to 14.5 per cent.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	187166
answer	answer is ministerial correction date of answer 06/06/2023 answer text <p>The duty band for wine between 11.5 and 14.5 per cent is a temporary provision to help the wine industry transition to the new alcohol duty system. From February 2025, the wine easement will come to an end and wine will be taxed according to its strength to ensure consistency of treatment across all categories of alcohol.</p><p><strong> </strong></p><p>All decisions on alcohol duty rates are reserved for the Chancellor as part of his Budget process and will be taken during the fiscal event cycle in the usual way.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 06/06/2023 14:14:21 answering member 4850 label Biography information for Gareth Davies
tabling member	4006 label Biography information for Dr Matthew Offord

1641361

registered interest
date	02/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Remote Working
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to his comments on returning to offices at the British Chamber of Commerce Conference on 17 May 2023, what assessment he has made of the benefits to (a) employees, (b) companies and (c) the economy of a return to office working.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	187195
answer	answer is ministerial correction date of answer 07/06/2023 answer text <p>I agree with the Chancellor of the Exchequer that there are social, creative, and developmental benefits to working from an office on a regular basis. The Government will continue to work with relevant stakeholders representing both employers and employees on this issue of remote working.</p><p> </p><p>It is also important to acknowledge that flexible working – including but not limited to remote working - can help employees balance work commitments and personal circumstances, such as parenting, caring, managing a health condition, or transitioning from full-time work later in life, but the Government’s view remains that there is no one size fits all policy.</p><p> </p><p>Decisions on whether a job can be done flexibly should be taken between employers and employees.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 07/06/2023 13:25:39 answering member 4850 label Biography information for Gareth Davies
tabling member	4088 label Biography information for Stella Creasy