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1144865
star this property registered interest false more like this
star this property date less than 2019-09-04more like thismore than 2019-09-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Occupational Pensions: Tax Allowances more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government, with respect to the National Statistics data published in April, which estimated the total cost of pension tax relief in respect of registered pension schemes for the year ending 5 April 2018 at £36.3 billion including £4.3 billion in tax relief on employee contributions to occupational pension schemes, (1) what is the estimated figure of gross pension contributions on which this figure was based, and (2) what specific assumptions were made as to the rates of tax applicable in arriving at the figure of £4.3 billion; and whether these assumptions included that all employees making contributions to occupational schemes receive the full tax relief to which they are entitled, including those contributing to net pay pension schemes. more like this
star this property tabling member printed
Baroness Altmann more like this
star this property uin HL17699 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p><del class="ministerial">It has not proved possible to respond to this question in the time available before Prorogation. Ministers will correspond directly with the Member.</del></p><p> </p><p><ins class="ministerial">HMRC publishes estimates of the cost of pension tax relief which is available in table 6 of HM Revenue and Customs Personal Pension Statistics on Gov.uk. </ins></p><p><ins class="ministerial"><em> </em></ins></p><p><ins class="ministerial">These estimates were revised on 26<sup>th</sup> September 2019 as part of an overall update to HMRC’s Personal Pension and Pension Relief statistics. Estimates of the cost of tax relief on contributions are produced using the Annual Survey of Hours and Earnings (ASHE) for income, individual and employer contributions for members of pension schemes that use the net pay mechanism; and administrative data HMRC holds on relief at source administrative data matched to the Survey of Personal Incomes (SPI) - for income, individual and employer pension contributions for members of pension schemes that use the relief at source mechanism.</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">The cost of tax relief for all contributions made by individuals is approximately £6.3bn, broken down as the cost of relief on employee contributions to occupational schemes (£4.2bn), to personal pension schemes (£1.6bn), and self-employed contributions to pensions (£0.5bn). Occupational pensions here includes some master trust pension schemes which use the relief at source method. Personal pensions here includes workplace personal pension schemes (such as group personal pensions).</ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">i) The £4.3bn figure referenced is the cost of pension tax relief relating to occupational pension schemes. Estimates of the cost of pension tax relief were revised on September 26<sup>th</sup> 2019 as part of an overall update to HMRC’s Personal Pensions and Pension Relief Statistics. The £4.3bn figure referenced has since been revised to £4.2bn. </ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">This £4.2bn figure of tax relief is derived from around £15.9bn of estimated “relievable” individual pension contributions to occupational pension schemes, (where “relievable” refers to our best estimates of contributions which are within the individual’s pensions Annual Allowance). </ins></p><p><ins class="ministerial"> </ins></p><p><ins class="ministerial">ii) Marginal rate tax relief is applied to these estimates of “relievable” contributions as if these contributions were taxed. Estimates are produced assuming all members contributing to all pension schemes receive full marginal rate tax relief on their contributions.</ins></p><p><ins class="ministerial"><em> </em></ins></p><p><ins class="ministerial">As noted in the publication, costs are subject to large revisions and have a particularly wide margin of error – reflecting the variety of sources of data (both administrative and survey) required to produce these estimates.</ins></p>
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T16:33:08.633Zmore like thismore than 2019-09-09T16:33:08.633Z
star this property question first ministerially corrected
less than 2019-10-08T12:38:27.003Zmore like thismore than 2019-10-08T12:38:27.003Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property previous answer version
135351
star this property answering member printed The Earl of Courtown more like this
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this
1144065
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Non-domestic Rates more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of (1) the effectiveness, and (2) the fairness of the current system of business rates; and what plans they have to change the current system. more like this
star this property tabling member printed
Lord Allen of Kensington more like this
star this property uin HL17553 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>Business rates currently raise £25 billion per year in England, and are an important source of funding for key local services such as adult social care and children’s services.</p><p> </p><p>The Government concluded a fundamental review of business rates in 2016, and respondents agreed that property based taxes were easy to collect, difficult to avoid, relatively stable and clearly linked with local authority spending.</p><p> </p><p>In line with stakeholder responses, the Government therefore decided to keep business rates as a property tax.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T15:38:36.067Zmore like thismore than 2019-09-09T15:38:36.067Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
4304
unstar this property label Biography information for Lord Allen of Kensington more like this
1144066
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Non-domestic Rates: Retail Trade more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what plans they have to reduce the 25 per cent contribution that the retail sector currently makes to business rates receipts. more like this
star this property tabling member printed
Lord Allen of Kensington more like this
star this property uin HL17554 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Government has taken repeated action to reduce the burden of business rates for all ratepayers including retailers. The Government’s Plan for the High Street announced at Budget 2018 provides £1 billion of upfront support through a new retail discount, cutting retailers’ business rates bills by a third for two years from 1 April 2019 subject to eligibility.</p><p> </p><p>Reforms and reliefs announced since Budget 2016 are reducing business rates by more than £13 billion over the next five years. This includes switching from RPI to CPI indexation, increasing the threshold for the standard multiplier to £51,000 and doubling the threshold for Small Business Rate Relief, meaning 675,000 of the smallest businesses pay no business rates at all.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T15:40:28.663Zmore like thismore than 2019-09-09T15:40:28.663Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
4304
unstar this property label Biography information for Lord Allen of Kensington more like this
1144130
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Public Sector: Intellectual Property more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what plans they have to publish the detailed implementation strategy that has been prepared, as a result of the Knowledge Assets Implementation Study, for ministers in (1) Her Majesty's Treasury, (2) the Department for Business, Energy and Industrial Strategy, and (3) the Cabinet Office. more like this
star this property tabling member printed
Lord Freyberg more like this
star this property uin HL17618 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property grouped question UIN
HL17619 more like this
HL17620 more like this
HL17621 more like this
HL17622 more like this
HL17623 more like this
star this property question first answered
less than 2019-09-09T15:37:27.003Zmore like thismore than 2019-09-09T15:37:27.003Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2593
unstar this property label Biography information for Lord Freyberg more like this
1144131
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Public Sector: Intellectual Property more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government which department will host the centre of expertise providing advice and support on technical, legal, commercial and financial aspects of generating and exploiting knowledge assets, as proposed in the terms of reference of the Knowledge Assets Implementation Study; and how this centre will work with the proposed National Centre of Expertise to provide specialist advice and guidance to the NHS on agreements for the use of health data. more like this
star this property tabling member printed
Lord Freyberg more like this
star this property uin HL17619 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property grouped question UIN
HL17618 more like this
HL17620 more like this
HL17621 more like this
HL17622 more like this
HL17623 more like this
star this property question first answered
less than 2019-09-09T15:37:27.05Zmore like thismore than 2019-09-09T15:37:27.05Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2593
unstar this property label Biography information for Lord Freyberg more like this
1144132
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Public Sector: Intellectual Property more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether, in seeking to develop new standards and approaches for measuring and reporting the value of knowledge assets in the public sector, they have taken account of the recent work of the Organisation for Economic Co-operation and Development's Working Parties on National Accounts and on International Trade in Goods and Services Statistics. more like this
star this property tabling member printed
Lord Freyberg more like this
star this property uin HL17620 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property grouped question UIN
HL17618 more like this
HL17619 more like this
HL17621 more like this
HL17622 more like this
HL17623 more like this
star this property question first answered
less than 2019-09-09T15:37:26.957Zmore like thismore than 2019-09-09T15:37:26.957Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2593
unstar this property label Biography information for Lord Freyberg more like this
1144133
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Public Sector: Intellectual Property more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government which department will be responsible for the proposal to establish a central repository detailing Government knowledge asset holdings and their value, as set out in the terms of reference of the Knowledge Assets Implementation Study. more like this
star this property tabling member printed
Lord Freyberg more like this
star this property uin HL17621 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property grouped question UIN
HL17618 more like this
HL17619 more like this
HL17620 more like this
HL17622 more like this
HL17623 more like this
star this property question first answered
less than 2019-09-09T15:37:27.097Zmore like thismore than 2019-09-09T15:37:27.097Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2593
unstar this property label Biography information for Lord Freyberg more like this
1144134
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Public Sector: Intellectual Property more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government which department will be responsible for the proposal to register intellectual property assets with the most commercial potential, as set out in the terms of reference of the Knowledge Assets Implementation Study; and what role they expect the National Audit Office to perform in ensuring best value of the use of such assets, for both individual data subjects and UK taxpayers. more like this
star this property tabling member printed
Lord Freyberg more like this
star this property uin HL17622 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property grouped question UIN
HL17618 more like this
HL17619 more like this
HL17620 more like this
HL17621 more like this
HL17623 more like this
star this property question first answered
less than 2019-09-09T15:37:27.157Zmore like thismore than 2019-09-09T15:37:27.157Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2593
unstar this property label Biography information for Lord Freyberg more like this
1144135
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Public Sector: Intellectual Property more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what plans they have made to publish an annual report on their knowledge asset holdings and progress in exploitation of them, as set out in the terms of reference of the Knowledge Assets Implementation Study; and when they expect to publish the first such report. more like this
star this property tabling member printed
Lord Freyberg more like this
star this property uin HL17623 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property grouped question UIN
HL17618 more like this
HL17619 more like this
HL17620 more like this
HL17621 more like this
HL17622 more like this
star this property question first answered
less than 2019-09-09T15:37:27.257Zmore like thismore than 2019-09-09T15:37:27.257Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
2593
unstar this property label Biography information for Lord Freyberg more like this
1144180
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Business more like this
star this property house id 2 more like this
star this property legislature
25277
unstar this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what assessment they have made of the report by the Bank of England The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom, published on 27 August, which states that Brexit has so far caused UK productivity to fall by between two and five per cent, and business investment to fall by 11 per cent; and what steps they are taking to address declining productivity and business investment. more like this
star this property tabling member printed
Lord Mendelsohn more like this
star this property uin HL17668 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>Productivity growth since the referendum has been 1.3%. The Bank of England analysis suggests slow productivity growth in the UK since the Brexit vote is due to a fall in investment, with a relatively insensitive response in employment.</p><p>We are tackling the UK’s productivity challenge head on to sustainably boost living standards in the long term for everyone. We have invested over half a trillion pounds in capital investment, cut taxes for businesses, improved access to finance, increased the National Productivity Investment Fund to £37bn, committed to reform technical education through T-levels and will be publishing our National Infrastructure Strategy this Autumn which sets out a plan for a step change in infrastructure investment.</p> more like this
star this property answering member printed The Earl of Courtown more like this
star this property question first answered
less than 2019-09-09T15:39:59.91Zmore like thismore than 2019-09-09T15:39:59.91Z
star this property answering member
3359
star this property label Biography information for The Earl of Courtown more like this
star this property tabling member
4286
unstar this property label Biography information for Lord Mendelsohn more like this