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838578

registered interest
date	07/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	PAYE
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many Real Time Information hashes have been sent by the BACS payment scheme to HMRC in each year since 2012.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	127398
answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>This information is not available centrally, and could be researched only at disproportionate cost.</p><p> </p><p>HMRC has published guidance to help and support employers with the hash validation process. HMRC continue to work with customers to help and support employer education to improve the accuracy and timeliness of RTI data.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 127399 question first answered 20/02/2018 15:52:18 answering member 3935 label Biography information for Mel Stride
tabling member	163 label Biography information for Sir Stephen Timms

838579

registered interest
date	07/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	PAYE
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to encourage employers to adopt hash validation in their PAYE Real Time Information returns.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	127399
answer	answer is ministerial correction date of answer 20/02/2018 answer text <p>This information is not available centrally, and could be researched only at disproportionate cost.</p><p> </p><p>HMRC has published guidance to help and support employers with the hash validation process. HMRC continue to work with customers to help and support employer education to improve the accuracy and timeliness of RTI data.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 127398 question first answered 20/02/2018 15:52:18 answering member 3935 label Biography information for Mel Stride
tabling member	163 label Biography information for Sir Stephen Timms

837487

registered interest
date	05/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	PAYE: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 19 January 2018 to Question 123005, if his Department will publish the findings of the Late, Missing and Incorrect joint initiative.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	126606
answer	answer is ministerial correction date of answer 08/02/2018 answer text <p>The Late, Missing and Incorrect initiative commenced on 1 November 2017. As part of the Late, Missing and Incorrect Initiative, HMRC is using their data to understand the level of incorrect submissions in key RTI fields. HMRC will evaluate the effectiveness of the initiative as it progresses</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 126610 question first answered 08/02/2018 16:29:43 answering member 3935 label Biography information for Mel Stride
tabling member	163 label Biography information for Sir Stephen Timms

837491

registered interest
date	05/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	PAYE: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 19 January 2018 to Question 123005, what plans his Department has to produce an estimate of the number of RTI returns which are incorrect.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	126610
answer	answer is ministerial correction date of answer 08/02/2018 answer text <p>The Late, Missing and Incorrect initiative commenced on 1 November 2017. As part of the Late, Missing and Incorrect Initiative, HMRC is using their data to understand the level of incorrect submissions in key RTI fields. HMRC will evaluate the effectiveness of the initiative as it progresses</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 126606 question first answered 08/02/2018 16:29:43 answering member 3935 label Biography information for Mel Stride
tabling member	163 label Biography information for Sir Stephen Timms

823277

registered interest
date	16/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	PAYE
house id	1
legislature	25259 pref label House of Commons
question text	What assessment he has made of the effectiveness of his Department's Late, Missing and Incorrect initiative on the accuracy of PAYE Real Time Information.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	903308
answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>The Late, Missing and Incorrect initiative commenced on 1 November 2017 and aims to increase the accuracy and timeliness of Real Time Information data. HMRC will evaluate the effectiveness of the initiative – which is in its early stages – as it progresses.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/01/2018 15:02:31 answering member 3935 label Biography information for Mel Stride
tabling member	163 label Biography information for Sir Stephen Timms

823536

registered interest
date	16/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	PAYE: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 16 January 2018 to Question 90331, what estimate he has made of how many RTI returns are (a) late, (b) missing, and (c) incorrect.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	123004
answer	answer is ministerial correction date of answer 19/01/2018 answer text <p>Further to previous answers I have given on this topic, HMRC currently believes that roughly 5-6% of RTI returns are late, and about 1% are missing. HMRC does not currently have an estimate for how many are incorrect. HMRC set up the Late, Missing and Incorrect initiative jointly with DWP on 1 November 2017 to investigate all these areas and find ways of improving them.</p><p> </p><p>The work of the Late, Missing and Incorrect initiative will be monitored and HMRC expects to see a reduction in the proportions over time.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 123005 question first answered 19/01/2018 12:49:51 answering member 3935 label Biography information for Mel Stride
tabling member	163 label Biography information for Sir Stephen Timms

823537

registered interest
date	16/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	PAYE: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 16 January to Question 90331, that the Late, Missing and Incorrect joint initiative between his Department and Department for Work and Pensions on PAYE Real Time Information believes that around 5% or 6% of RTI returns are late, missing or incorrect, by when he expects to reduce those proportions; and if he will make a statement.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	123005
answer	answer is ministerial correction date of answer 19/01/2018 answer text <p>Further to previous answers I have given on this topic, HMRC currently believes that roughly 5-6% of RTI returns are late, and about 1% are missing. HMRC does not currently have an estimate for how many are incorrect. HMRC set up the Late, Missing and Incorrect initiative jointly with DWP on 1 November 2017 to investigate all these areas and find ways of improving them.</p><p> </p><p>The work of the Late, Missing and Incorrect initiative will be monitored and HMRC expects to see a reduction in the proportions over time.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 123004 question first answered 19/01/2018 12:49:51 answering member 3935 label Biography information for Mel Stride
tabling member	163 label Biography information for Sir Stephen Timms

822833

registered interest
date	15/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Bank Services: Competition
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he has plans to tackle the loyalty penalty faced by consumers who do not switch bank providers.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	122516
answer	answer is ministerial correction date of answer 18/01/2018 answer text <p>The Government believes that it is important to improve competition in the banking sector and ensure consumers have the information they need to make sensible decisions about their money. The Government has established competition and conduct-focussed regulators which have broad and robust powers to enforce breaches of their rules.</p><p> </p><p>On current accounts, the Government has worked with industry to deliver the Current Account Switch Service (CASS) so customers can switch where they see a better deal. Customers have switched over 4.2 million times since CASS was launched in 2013. The Government is currently supporting industry to put in place additional measures to build on and improve CASS, as part of the package of remedies proposed by the Competition and Markets Authority to improve competition in the banking sector.</p><p> </p><p>On cash savings accounts, following a 2015 study of the market, which concluded that competition in the sector was not working as effectively as it could be, the Financial Conduct Authority (FCA) developed a series of measures to improve the information firms make available to consumers and to make it easier for them to switch accounts. For example, the FCA trialled a ‘sunlight’ remedy to bring to light firms’ strategies towards their longstanding customers by publishing the lowest interest rates offered on easy access cash savings accounts and easy access cash ISAs on the FCA’s website. The FCA is currently evaluating the effectiveness of the ‘sunlight’ remedy trial and considering whether any other actions may be needed to achieve more effective competition.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/01/2018 17:36:12 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

802619

registered interest
date	07/12/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Treasury: Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what quantitative assessments his department has made of the effect of the UK leaving the EU on the sectors for which his Department is responsible.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	118169
answer	answer is ministerial correction date of answer 12/12/2017 answer text <p>As the Chancellor made clear in front of the Treasury Select Committee on Wednesday 6 December, the department has undertaken a variety of analysis and continues to do. The Treasury has modelled and analysed the impact of a wide range of potential alternative structures between the EU and the UK. This analysis is ongoing and continues to inform our negotiation position with the EU.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 12/12/2017 14:39:14 answering member 4095 label Biography information for Steve Barclay
tabling member	163 label Biography information for Sir Stephen Timms

794481

registered interest
date	23/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to promote the UK as a global financial centre?
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	115454
answer	answer is ministerial correction date of answer 28/11/2017 answer text <p>The UK is home to the world’s preeminent financial centre. In addition to our natural advantages, such as a central time zone and the English language, we have strengths across all the major sectors – banking, asset management, and insurance – alongside a globally respected regulatory system, and world-class legal and professional services.</p><p> </p><p>The government is committed to further enhancing this position, as well as strengthening the UK’s already world-leading positions in the markets of the future, whether in FinTech, green and sustainable finance, or rupee and renminbi products. In addition, the government maintains an open and constructive dialogue with the financial services sector. This includes through the Financial Services Trade and Investment Board, which is tasked with boosting and promoting the competitive position of UK financial services.</p><p> </p><p>The UK also holds a number of annual Economic and Financial Dialogues (EFD) with key emerging markets, such as the UK-Brazil EFD last held in July, the UK-China EFD taking place this December, and the UK-India EFD which will take place again next year. These EFDs are Chancellor led Treasury to Treasury dialogues, aimed at increasing financial cooperation and establishing the UK as the partner of choice for priority overseas markets.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 28/11/2017 17:50:46 answering member 4095 label Biography information for Steve Barclay
tabling member	163 label Biography information for Sir Stephen Timms