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1504146

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mileage Allowances
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 merits of increasing Approved Mileage Allowance Payment rates.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	45939
answer	answer is ministerial correction date of answer 07/09/2022 answer text <p>Approved Mileage Allowance Payments (AMAPs) are used by employers to reimburse an employee’s expenses for business mileage in their private vehicle.</p><p> </p><p>AMAPs are intended to create administrative simplicity and certainty by using an average rate, which reflects vehicle running costs including fuel, servicing and depreciation. Fuel is therefore only one component.</p><p> </p><p>The AMAP rate is advisory and employers can choose to pay more or less than the advisory rate – it is therefore ultimately up to employers to determine the rate at which they reimburse their employees. Employees who receive less than the AMAP rate can claim tax relief on the difference. Employees who receive more will be taxed on the difference.</p><p> </p><p>Like all taxes and allowances, the Government keeps the AMAP rate under review.</p> answering member constituency Havant answering member printed Alan Mak grouped question UIN 45937 45938 question first answered 07/09/2022 08:55:31 answering member 4484 label Biography information for Alan Mak
tabling member	4482 label Biography information for Owen Thompson

1504151

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will provide backdated support for businesses struggling with high energy bills.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	45940
answer	answer is ministerial correction date of answer 14/09/2022 answer text <p>We recognise that many businesses are exposed to increased energy costs, driven by global factors.</p><p>On 8 September the Government announced a new six-month scheme for businesses and other non-domestic energy users (including charities and public sector organisations like schools). This is a temporary, time-limited measure that will protect them from soaring energy costs and provide them with the certainty they need to plan through the acute crisis this winter. It will provide them with the time they need to transition and adjust their business models accordingly.</p><p>More specific details will be announced shortly and we expect the scheme to be up and running this Autumn.</p> answering member constituency Kensington answering member printed Felicity Buchan question first answered 14/09/2022 09:25:52 answering member 4821 label Biography information for Felicity Buchan
tabling member	4482 label Biography information for Owen Thompson

1504201

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Regulation
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 FCA's regulatory regime in the Azure Service Ltd. case, and what discussions his Department have had with the FCA on lessons to be learned in the licensing of financial services as a result of the Azure Service Ltd. case; and if he will make a statement.
tabling member constituency	Inverness, Nairn, Badenoch and Strathspey
tabling member printed	Drew Hendry
uin	45903
answer	answer is ministerial correction date of answer 06/09/2022 answer text <p>The Government recognises the impact on consumers as a result of Azure Services’ business practices whilst it operated as a credit broker without the relevant Office of Fair Trading (OFT) licence and, later on, Financial Conduct Authority (FCA) authorisation. However, the Government notes the decision by Barclays Partner Finance to refund over £210m to customers who took out a loan following an introduction by Azure Services.</p><p> </p><p>The FCA has been established as an independent regulator responsible for the supervision and regulation of conduct in financial services. The FCA’s independence from Government does not mean it can act arbitrarily, rather it must operate within the framework of statutory duties and powers agreed by Parliament. As well as being required to operate within this framework, the FCA is fully accountable to Parliament for how it discharges its statutory functions.</p><p> </p><p>This direct accountability to Parliament reflects the FCA’s statutory independence and the fact that they are solely responsible for everyday operational decisions without Government approval or direction, and so are primarily accountable for them. That notwithstanding, the Treasury plays an important role in holding the FCA accountable, including through engaging closely with the FCA across all levels of seniority.</p><p> </p><p>The FCA is currently part way through its Transformation Programme, which is accelerating an ongoing programme of reform to make the FCA a more innovative, assertive and adaptive regulator. Amongst other things, the Transformation Programme aims to ensure that the FCA can make fast and effective decisions, and prioritise the right outcomes for consumers, markets and firms. It also involves significant investment in the FCA’s systems and capabilities to enable better use of data and intelligence to regulate 50,000 firms effectively and efficiently.</p><p> </p><p>As part of its Transformation Programme, the FCA has enhanced its approach to authorisations, including by applying its standards more robustly.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 06/09/2022 11:49:17 answering member 3912 label Biography information for Richard Fuller
tabling member	4467 label Biography information for Drew Hendry

1504251

registered interest
date	02/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electronic Funds Transfer: Fraud
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 which banks have been impacted by push payment fraud (a) as a percentage of the impact as a whole, (b) over each of the past five years, in terms of (i) being host to the accounts where funds have been lost to this fraud, and (ii) being the host bank of accounts perpetrating this fraud.
tabling member constituency	East Renfrewshire
tabling member printed	Kirsten Oswald
uin	45864
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The Government recognises the growing threat posed to consumers by Authorised Push Payment (APP) fraud, with increasingly sophisticated scams that can be detrimental to people’s lives. The Government is committed to tackling fraud within payments networks. That is why the Government has introduced legislation as part of the Financial Services &amp; Markets Bill to enable the PSR to require payment service providers to reimburse APP scam victims. The Government believes this will ensure more consistent and comprehensive reimbursement for future APP scam victims.</p><p> </p><p>Currently, data relating to the amounts lost and returned following APP scams is collected by the Payment Systems Regulator (PSR) and by UK Finance. The latter regularly issues this data in publications such as its Annual Fraud Report: in 2021 for instance, UK Finance recorded gross annual losses of roughly £583 million, an increase of 39% by value over 2020, of which roughly £271 million (46%) was returned to victims. Due to changes in how APP scams are identified and reported, UK Finance note that data for years prior to 2020 is not directly comparable. More comprehensive data on APP scams can be found in UK Finance’s 2022 Fraud Report:</p><p> </p><p><a href="http://www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/annual-fraud-report-2022" target="_blank">www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/annual-fraud-report-2022</a></p><p> </p><p>More specific data regarding the impact of APP scams on individual payment service providers does not usually form a part of these publications. However, as detailed in its 2021 consultation on APP scams, the PSR has proposed requiring the 12 largest groups of UK payment service providers (including the main High Street banks) to publish a balanced scorecard of APP scam data on a six-monthly basis, setting out their individual performance in relation to APP scams. This would include their APP scam rates, their rates of reimbursement for customers scammed, as well as comparative data on the providers receiving APP scam payments. The PSR expect the provision of this data to provide strong reputational incentives on payment service providers to reduce APP scam losses incurred by consumers, both through preventing APP scams and reimbursing those who are scammed. The PSR will respond to this consultation in due course.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 44930 44931 question first answered 20/09/2022 13:31:38 answering member 4874 label Biography information for Andrew Griffith
tabling member	4413 label Biography information for Kirsten Oswald