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845722

registered interest
date	20/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Cryptocurrencies: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential benefits of using blockchain for (a) the tax system and (b) the customs and excise system; and if he will make a statement.
tabling member constituency	Walsall North
tabling member printed	Eddie Hughes
uin	128694
answer	answer is ministerial correction date of answer 28/02/2018 answer text <p>HM Revenue and Customs are considering the use of blockchain alongside other technical options for both tax and customs and excise systems.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 28/02/2018 12:57:34 answering member 3935 label Biography information for Mel Stride
tabling member	4635 label Biography information for Eddie Hughes

843877

registered interest
date	19/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Customs: Distributed Ledger Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the merits of using distributed ledger technology for any new customs system after the UK leaves the EU.
tabling member constituency	Walsall North
tabling member printed	Eddie Hughes
uin	128296
answer	answer is ministerial correction date of answer 27/02/2018 answer text <p>HMRC are actively considering the use of distributed ledger technologies alongside other technical options for both tax and the Customs and Excise systems. The department is currently running a proof of concept exercise in support of one of their Customs initiatives and will provide further updates as this work progresses.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 27/02/2018 14:37:02 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4635 label Biography information for Eddie Hughes

834762

registered interest
date	01/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Football: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of trends in the level of tax that professional football clubs have paid on player transfers in each of the last five years.
tabling member constituency	Walsall North
tabling member printed	Eddie Hughes
uin	126184
answer	answer is ministerial correction date of answer 09/02/2018 answer text <p>The information requested cannot be provided as it is not collated centrally by HMRC. Football transfer fees are subject to VAT according to the normal rules. Any profits made by football clubs are subject to Corporation Tax in the usual way. Payments made to players as part of their transfer, such as signing-on fees, are taxable as earnings.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 09/02/2018 14:01:28 answering member 3935 label Biography information for Mel Stride
tabling member	4635 label Biography information for Eddie Hughes