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935297

registered interest
date	06/07/2018
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, what estimate he has made of the total amount that will accrue to the public purse from the Loan Charge 2019.
tabling member constituency	Greenwich and Woolwich
tabling member printed	Matthew Pennycook
uin	161576
answer	answer is ministerial correction date of answer 17/07/2018 answer text <p>The charge on disguised remuneration (DR) loans is estimated to raise £3.2 billion for the Exchequer by 2021. Further information can be found in the ‘Disguised remuneration: further update’ policy paper, published on 22 November 2017: <a href="http://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update" target="_blank">www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update</a>.</p><p> </p><p>The charge on DR loans is estimated to affect up to 50,000 individuals. Outstanding DR loans will be treated as UK income and charged to tax on 5 April 2019. An individual will usually have to pay tax on UK income even if they are not resident in or a citizen of the UK, and the charge on DR loans is no different. As a result, no assessment has been made of how many of the 50,000 estimated to be affected are non-UK resident or non-UK citizens.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 161577 question first answered 17/07/2018 12:42:17 answering member 3935 label Biography information for Mel Stride
tabling member	4520 label Biography information for Matthew Pennycook

935298

registered interest
date	06/07/2018
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 many non-UK citizens HMRC has estimated are liable to pay the 2019 Loan Charge.
tabling member constituency	Greenwich and Woolwich
tabling member printed	Matthew Pennycook
uin	161577
answer	answer is ministerial correction date of answer 17/07/2018 answer text <p>The charge on disguised remuneration (DR) loans is estimated to raise £3.2 billion for the Exchequer by 2021. Further information can be found in the ‘Disguised remuneration: further update’ policy paper, published on 22 November 2017: <a href="http://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update" target="_blank">www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update</a>.</p><p> </p><p>The charge on DR loans is estimated to affect up to 50,000 individuals. Outstanding DR loans will be treated as UK income and charged to tax on 5 April 2019. An individual will usually have to pay tax on UK income even if they are not resident in or a citizen of the UK, and the charge on DR loans is no different. As a result, no assessment has been made of how many of the 50,000 estimated to be affected are non-UK resident or non-UK citizens.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 161576 question first answered 17/07/2018 12:42:17 answering member 3935 label Biography information for Mel Stride
tabling member	4520 label Biography information for Matthew Pennycook

935304

registered interest
date	06/07/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit Cards: Fees and Charges
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 Consumer Rights (Payment Surcharge) Regulations 2012 in tackling excessive card payment surcharges.
tabling member constituency	York Outer
tabling member printed	Julian Sturdy
uin	161549
answer	answer is ministerial correction date of answer 16/07/2018 answer text <p>In January 2018, European Union legislation (PSDII) introduced a mandatory ban on surcharging for the vast majority of consumer cards - Visa and MasterCard - with the Government extending the ban to all retail payment instruments. The intention is to make the rules around surcharging less confusing for customers and reduce the chances of the customer being taken advantage of by any unscrupulous firms.</p><p>This builds on action already taken by the Government through the Consumer Rights (Payment Surcharges) Regulations 2012, which set out to improve transparency to facilitate competition and address excessive payment surcharges.</p><p>Government has not made a formal assessment of the impact of the Consumer Rights (Payment Surcharge) Regulations. However, in Spring, the Government launched a call for evidence on cash and digital payments in the new economy. It sought information on how the shift from cash to digital payments impacts on different sectors, different regions and different demographics. As part of this call for evidence, views on the surcharging ban were provided. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 161547 161548 question first answered 16/07/2018 09:39:09 answering member 4051 label Biography information for John Glen
tabling member	4079 label Biography information for Julian Sturdy