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1006980

registered interest
date	14/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 November 2018 to Question 186391 on Public Sector: Pensions, when the Government's Actuary Department completed its analysis of the police service pension scheme which led to the revaluations communicated in the Statement of 6 September 2018 on quadrennial valuations of the public service pension schemes.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	191452
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>As set out in my written statement HCWS945 and in my‎ Answer of 31 October 2018 to Question 186391, the actuarial valuation of the scheme, carried out by the Government Actuary's Department, is ongoing. The statement set out proposed amendments to the directions to be used in the valuations. The Government Actuary's Department is undertaking ongoing valuations based on these directions. The final directions will be published before the end of the year<strong>.</strong></p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 12:59:57 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4473 label Biography information for Louise Haigh

1007007

registered interest
date	14/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much revenue has accrued to the public purse since 2011 from preventing individuals and companies using accounting derecognition rules in relation to loans and derivatives to avoid paying corporation tax.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	191458
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Legislation was introduced with effect from 6 December 2010 to address avoidance schemes under which profits were said to fall out of account, or tax relief for losses were claimed, as a result of the way in which financial assets were recognised in accounts. Since that date, existing schemes have been unwound and there have been no further known iterations of these schemes. The measure has therefore been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:35:42 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

1005688

registered interest
date	12/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Finance
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 progress of UK banks in ring-fencing retail services from investment banking.
tabling member constituency	Brentford and Isleworth
tabling member printed	Ruth Cadbury
uin	190479
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Under the 2012 Financial Services (Banking Reform) Act large UK banks with retail deposits totalling more than £25 billion are required to ring-fence the deposits of individuals and small businesses from other activities within their groups, such as investment and international banking.</p><p> </p><p>All banks within scope of the ring-fencing regime have successfully completed the necessary restructuring of their operations in advance of the regime coming into force in January 2019. This includes moving customers from one part of the bank to another, changing over a million sort codes and the joining of both UK and international payment systems to facilitate operational separation. The banks have also completed large technology migrations as part of the changes to their internal processes</p><p> </p><p>By insulating these core banking services in a separate legal entity, ring-fencing will support continuity of provision of vital services to the economy if there are shocks originating elsewhere in the group and the global financial system. It will also make banks that provide these essential services simpler and more resolvable and therefore prevent the costs of failing banks falling on taxpayers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 19/11/2018 16:22:17 answering member 4051 label Biography information for John Glen
tabling member	4389 label Biography information for Ruth Cadbury

1005783

registered interest
date	12/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 6 November 2018 to Question 187143 on EU Internal Trade, how his Department plans to transpose provisions from EU law into UK law involving thresholds measuring the proportion of the entire market or a specified number of grouping of member states, in Articles 12 to 16 of the Commission Delegated Regulation amending MiFID 565/2017 in the event that the UK leaves the EU without a deal.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	190540
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>Articles 12 to 16 of the Commission Delegated Regulation amending MiFID 565/2017 will become deficient after the UK’s exit from the EU. In the event of the UK leaving the EU without a deal, it will be amended in accordance with Regulation 40 of the draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/11/2018 15:52:12 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1003831

registered interest
date	09/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Developing Countries
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will issue a response to EDM 158, transparency of developing country debts.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	189731
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>The Government recognises that ensuring debt sustainability and transparency in Low Income Countries (LICs) is important. UK-based lenders are subject to extensive prudential disclosure requirements under UK prudential and accounting law, including for material loans made to foreign Governments, which appropriately reflect firms’ exposures. Compliance with these requirements are independently assessed by the relevant UK regulator during their supervisory activities.</p><p> </p><p>Given the complex international nature of LIC debt, we continue to believe that internationally-agreed assessments and coordinated approaches to tackle debt vulnerability are most effective. The G20 have been supporting work on debt sustainability, including G20 sustainable lending guidelines and voluntary industry-led initiatives to promote debt transparency from private lenders to sovereign nations, especially LICs.</p> answering member constituency Salisbury answering member printed John Glen question first answered 14/11/2018 17:28:56 answering member 4051 label Biography information for John Glen
tabling member	4432 label Biography information for Patrick Grady

1003885

registered interest
date	09/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Public Bodies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans his Department has to close (a) the Royal Mint Advisory Committee office in Llantrisant, Pontyclun, (b) the Valuation Office Agency on High Street, Bangor, (c) the Valuation Office Agency at Picton Terrace, Carmarthen, (d) the Valuation Office on Regent Street, Rexham, (e) the Valuation Office Agency at Chepstow Road, Newport, (f) the Valuation Office Agency on High Street, Swansea, (g) the Valuation Office Agency on Churton Road, Rhyl, (h) the Valuation Office Agency on Castle Street, Merthyr Tydfil, (i) the Valuation Office Agency on Ty Glas Road, Cardiff, (j) the Inland Revenue Office at 27 Westgate Street, Cardiff, (k) the HMRC office on Stepney Street, Llanelli, (l) the HMRC office on Britannia Terrace, Porthmadog and (m) the HMRC office on Ellice Way, Wrexham.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	189826
answer	answer is ministerial correction date of answer 19/11/2018 answer text <ol><li><p>HM Treasury have confirmed that the Royal Mint Advisory Committee have no plans to close the office in Llantrisant, Pontyclun.</p></li><li><p>The Valuation Office Agency (VOA) office on High Street, Bangor is due to close in 2020-21.</p></li><li><p>The VOA office at Picton Terrace, Carmarthen is due to close in October 2019.</p></li><li><p>Wrexham is a long-term location for the VOA.</p></li><li><p>The VOA office on Cheapstow Road, Newport closed in January 2017.</p></li><li><p>Swansea is a long-term location for the VOA.</p></li><li><p>The VOA office on Churton Road, Rhyl is due to close in October 2019.</p></li><li><p>The VOA office on Castle Street, Merthyr Tydfil closed in March 2016.</p></li><li><p>The VOA is currently located on Ty Glas Road, Cardiff. They intend to remain in Cardiff, and plan to relocate into the Cardiff Government hub, co-located with HMRC during 2020-2021.</p></li><li><p>Whilst there was an Inland Revenue Office at 27 Westgate Street, Cardiff, HMRC do not hold records of when this office closed.</p></li><li><p>The HMRC office on Stepney Street, Llanelli closed in 2014-2015.</p></li><li><p>The HMRC office on Britannia Terrace, Porthmadog closed in May 2018.</p></li><li><p>HMRC will continue to occupy the office on Ellice Way, Wrexham until 2020-2021.</p><p> </p><p>The VOA’s estates programme aligns to the wider Government Estate Strategy, and in the future VOA offices will often be based in Government Hubs, enabling closer working with other government departments. The intention is for the VOA's estates strategy to balance affordability, geographical coverage and allow more efficient and digital ways of working. As office space is reduced, the VOA will seek, where possible, to retain people and their skills in the Agency.</p></li></ol> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 16:26:34 answering member 3935 label Biography information for Mel Stride
tabling member	4630 label Biography information for Ben Lake

1001933

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Minimum Wage: Fines
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the level of fine was for each successful prosecution of an employer paying an employee less than the minimum wage in the last 12 months.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	188009
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>In 2017/18, HMRC levied 810 penalties, amounting to over £14 million, against employers who failed to pay workers the National Minimum and Living Wage (NMW). In the same period, there was one prosecution for obstructing an NMW investigation resulting in a fine of £2,977.</p><p> </p><p>Breaches of NMW legislation are normally a civil matter, where the consequences for not complying with NMW rules can include fines of 200% of the arrears and public naming. Criminal prosecution is reserved for the most serious non-compliance.</p><p> </p><p>The government is determined to ensure that everyone who is entitled to the NMW receives it. Anyone who feels they have not been paid the NMW should contact Acas helpline on 0300 123 1100 or via the online complaints form at <a href="https://www.gov.uk/government/publications/pay-and-work-rights-complaints" target="_blank">gov.uk</a>. HMRC reviews all complaints that are referred to them.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/11/2018 17:39:52 answering member 3935 label Biography information for Mel Stride
tabling member	1409 label Biography information for Mr Gregory Campbell

1002027

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Customs
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department plans to take to help businesses manage (a) administrative and (b) tariff changes in UK customs after the UK leaves the EU.
tabling member constituency	Dundee East
tabling member printed	Stewart Hosie
uin	188056
answer	answer is ministerial correction date of answer 16/11/2018 answer text <p>As a responsible Government we continue to prepare for a range of outcomes and we are looking closely at how to ensure that businesses are clear on what they need to do and have the support they need to be as prepared as they can be in the time available, whilst not undermining the benefits of an implementation period.</p><p> </p><p>HMRC has already published Technical Notices covering Customs, Excise and VAT procedures, and has written on no deal arrangements to the 145,000 UK business over the VAT threshold, who currently only trade with the EU. Later in the year we intend to provide more information on what businesses should do to prepare.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2018 14:55:00 answering member 3935 label Biography information for Mel Stride
tabling member	1514 label Biography information for Stewart Hosie

1002088

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Rented Housing: Low Incomes
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Mr Chancellor of the Exchequer, whether his Department has made an assessment of the effect on low-income tenants of landlords adjust their rental prices in relation to section 24 of the Finance (No. 2) Act 2015.
tabling member constituency	Nottingham North
tabling member printed	Alex Norris
uin	188265
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Government estimates that only 1 in 5 landlords would pay more tax as a result of the restrictions to landlords’ finance cost relief, once it is fully implemented. When introduced, the government did not expect this measure to have a significant impact on either house prices or rent levels.</p><p>The restrictions came in to effect in April 2017. The most recent Office for National Statistics (ONS) index of private housing rental prices shows that rental prices increased by 0.9% in the 12 months to September 2018. A year ago (the 12 months to September 2017) the annual rate of growth was 1.6%.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:51:15 answering member 4051 label Biography information for John Glen
tabling member	4641 label Biography information for Alex Norris

1002196

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10750), how many (1) women, and (2) men, recorded by HMRC Real Time Information record, who earnt below £11,850 were contributing at work to a net pay pension scheme.
tabling member printed	Baroness Altmann
uin	HL11217
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>HMRC estimates that 1.2m individuals earning below the personal allowance in 2015/16 made workplace pension contributions, reported via Real Time Information (RTI), using net pay arrangements. Around 74% of these individuals are estimated to be female and 26% are estimated to be male.</p><p> </p><p>HMRC estimates that a total of 5.5m individuals made workplace pension contributions using relief at source, reported via RTI in 2015/16. Around 45% of these individuals are estimated to be female and 55% are estimated to be male.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) was used to estimate earnings for these individuals. The latest information available on individual earnings is published for 2015/16.</p><p> </p><p>The personal allowance in 2015/16 was £10,600, not £11,850, which is the current personal allowance for 2018-19.</p><p> </p><p>(Estimates are rounded to the nearest 100,000)</p> answering member printed Lord Bates grouped question UIN HL11218 question first answered 19/11/2018 16:21:02 answering member 1091 label Biography information for Lord Bates
tabling member	4533 label Biography information for Baroness Altmann