Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed question first answered answering member label
tabling member	label

Search

1602849

registered interest
date	09/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Orchestras: Tax Allowances
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 potential merits of extending the increased Orchestral Tax Relief beyond April 2023.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	162221
answer	answer is ministerial correction date of answer 14/03/2023 answer text <p>The Government recognises the value of the UK’s world leading creative industries and arts sectors.</p><p> </p><p>Since orchestra tax relief (OTR) was introduced in 2016, £62 million has been paid out in support of 2,640 productions as of the year 2021-2022.</p><p> </p><p>At Autumn Budget 2021, the Government temporarily increased the headline rate of OTR in recognition of the impact of the Covid-19 pandemic on the sectors.</p><p> </p><p>The Government acknowledges the concerns of industry about the upcoming taper of the rate in April, and will keep this under review.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 14/03/2023 14:25:22 answering member 4399 label Biography information for Victoria Atkins
tabling member	4432 label Biography information for Patrick Grady

1550516

registered interest
date	12/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Commodity Markets: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to strengthen the regulation of commodity markets to promote (a) stability and (b) transparency.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	108256
answer	answer is ministerial correction date of answer 15/12/2022 answer text <p>The Government believes effective commodities markets regulation is key to ensure economic stability. This is the lesson we have learned from the 2000s food and financial crises and the Government remains committed to the G20 recommendations that sought to uphold that.</p><p> </p><p>Through the Financial Services and Markets Bill, the Government is making changes to the regime which we have inherited from the EU, which is overly complicated and poorly designed. For example, to ensure that the regime is calibrated effectively, the Bill delegates the setting of position limits from the Financial Conduct Authority (FCA) to trading venues, who are well placed to ensure that it only applies to contracts that are subject to high volatility. The FCA will also retain its ability to directly intervene if need be. This will ensure that speculation in agricultural and physically settled contracts such as oil and gas does not lead to economic harm.</p><p> </p><p>The Government is also using the Financial Services and Markets Bill to improve the transparency regime for commodity derivatives. The regime that we have inherited from the EU was designed for equity markets and as such does not take into account the inherent differences between these two markets. The FCA will be given responsibility for creating a more tailored regime that improves transparency and recognises the diverse nature of our markets.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 15/12/2022 08:50:53 answering member 4874 label Biography information for Andrew Griffith
tabling member	4432 label Biography information for Patrick Grady

1550350

registered interest
date	09/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motor Vehicles: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment has he made of the potential impact on tax revenues of a pay-as-you-drive model of vehicle taxation.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	107173
answer	answer is ministerial correction date of answer 14/12/2022 answer text <p>All taxes remain under review. Any changes are considered and announced by the Chancellor at fiscal events.</p> answering member constituency South Suffolk answering member printed James Cartlidge question first answered 14/12/2022 15:22:23 answering member 4519 label Biography information for James Cartlidge
tabling member	4432 label Biography information for Patrick Grady

1548799

registered interest
date	06/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	NHS: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of creating a tax-unregistered pension scheme for consultants on the retention of experienced consultants in the NHS.
tabling member constituency	Glasgow North
tabling member printed	Patrick Grady
uin	104214
answer	answer is ministerial correction date of answer 09/12/2022 answer text <p>The Government values the extraordinary work being done by NHS staff. In recognition of this vital work, the NHS Pension Scheme is one of the most generous schemes available. In addition, the existing tax relief offered on pension contributions is expensive, costing the Exchequer £67.3 billion in 2020/21, with around 58 per cent relieved at the Higher and Additional rates. A tax unregistered scheme would primarily benefit NHS staff affected by the annual and lifetime allowances, who are the highest-earning savers in the NHS pension scheme.</p><p> </p><p>The Government has listened carefully to the concerns of NHS staff and is committed to ensuring that hard-working NHS staff do not find themselves reducing their work commitments due to the interaction between their pay, their pension and the relevant tax regime. That is why, on 22 September the Government announced changes to the NHS Pension Scheme. These include changing pension rules regarding inflation, encouraging NHS Trusts to offer pension recycling and implementing permanent retirement flexibilities to support workforce retention. The Government continues to keep all areas of the tax system under review.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 09/12/2022 10:52:41 answering member 4874 label Biography information for Andrew Griffith
tabling member	4432 label Biography information for Patrick Grady