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1714609

registered interest
date	29/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the fiscal impact of a potential digital pound by way of increased seigniorage revenue.
tabling member constituency	East Kilbride, Strathaven and Lesmahagow
tabling member printed	Dr Lisa Cameron
uin	24058
answer	answer is ministerial correction date of answer 08/05/2024 answer text <p>No decision has yet been made to issue a digital pound. HM Treasury and the Bank of England continue to explore the feasibility and potential design choices of a digital pound as part of the current design phase. The exploration of a digital pound considers the future of central bank money, meaning that this project supports the Bank of England’s primary objectives on monetary and financial stability.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 24059 question first answered 08/05/2024 14:59:54 answering member 4639 label Biography information for Bim Afolami
tabling member	4412 label Biography information for Dr Lisa Cameron

1692962

registered interest
date	29/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Motor Vehicles: Customs
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 renegotiate carnet provisions between the UK and EU on the movement of vehicles and parts used in motorsport.
tabling member constituency	Buckingham
tabling member printed	Greg Smith
uin	901853
answer	answer is ministerial correction date of answer 07/03/2024 answer text <p>The UK is committed to maintaining the option of using ATA Carnets for temporary movements of professional equipment to the EU. Carnets can be a simpler and cheaper way to move goods into and out of a customs territory temporarily, compared to submitting full customs import and export declarations and paying duties.</p><p> </p><p>The EU’s Temporary Admission procedure in combination with the UK’s Returned Goods Relief offers another alternative to move items temporarily into the EU and back to the UK without paying import duties. Improved guidance on the temporary movement of goods from the UK has recently been published: <a href="https://www.gov.uk/taking-goods-out-gb-temporarily" target="_blank">https://www.gov.uk/taking-goods-out-gb-temporarily</a>.</p><p> </p><p>The Government is reviewing how we can improve the UK’s own Temporary Admission procedure and simplify processes for individuals and businesses, and has engaged with the Society of Motor Manufacturers &amp; Traders which included representatives from Motorsport UK. HMRC and HMT are open to further discussions and any specific concerns the motorsport industry has around the options available for temporarily moving goods.</p><p> </p><p>Work to digitalise ATA Carnets and their processes is currently underway as part of a World customs Organisation (WCO) and International Chamber of Commerce (ICC) initiative. The Digital Pilot was launched in February 2019, initially involving the UK and five other countries. To date the UK has successfully processed a number of e-Carnets from Heathrow and is looking to collaborate with more ports to make digital Carnets more readily available. More information is available at <a href="https://iccwbo.org/media-wall/news-speeches/icc-new-ata-carnet-app-makes-digital-declarations-and-transactions-possible/" target="_blank">https://iccwbo.org/media-wall/news-speeches/icc-new-ata-carnet-app-makes-digital-declarations-and-transactions-possible/</a></p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 07/03/2024 09:21:52 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4778 label Biography information for Greg Smith

1690794

registered interest
date	21/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Health and Safety
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to comply with principle (d) of schedule 1 of the Management of Health and Safety at Work Regulations 1999.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	15113
answer	answer is ministerial correction date of answer 29/02/2024 answer text <p>Regulation 4 paras 29 and 30(d) and the corresponding Schedule 1 (d) of the Management of Health and Safety at Work Regulations 1999 does not fully relate to the work of HM Treasury as it is an office-based department that is focused on policy delivery. HM Treasury do not use personal protective equipment to do their work..</p><p> </p><p>However, HM Treasury do carry out principles of prevention including office design and ergonomically compliant workstations. Where risks are identified, work activity risk assessment are in place. Risks are evaluated and controlled if they cannot be fully removed.</p><p> </p><p>All staff are provided with relevant workstation equipment. Where required, specific reasonable adjustments are in place to carry out their work. Office environment and workstation assessments are in place and compliant with Display Screen Equipment Regulations.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 29/02/2024 13:32:20 answering member 4850 label Biography information for Gareth Davies
tabling member	4463 label Biography information for Chris Stephens

1688571

registered interest
date	08/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Health and Safety
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether all (a) buildings and (b) workplaces staff from their Department occupy have a suitable and sufficient risk assessment under Section 3 of the Management of Health and Safety at Work Regulations 1999.
tabling member constituency	Glasgow South West
tabling member printed	Chris Stephens
uin	13755
answer	answer is ministerial correction date of answer 23/02/2024 answer text <p>The Government Property Agency are responsible for the buildings occupied by HM Treasury staff. The Government Property Agency have suitable and sufficient building and common area health and safety risk assessments in place under Regulation 3 of the Management of Health and Safety at Work Regulations 1999.</p><p> </p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 23/02/2024 14:24:56 answering member 4850 label Biography information for Gareth Davies
tabling member	4463 label Biography information for Chris Stephens

1684543

registered interest
date	23/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Japan
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of barriers to opening bank accounts in the UK faced by Japanese companies on the ability of those companies to expand in the UK.
tabling member constituency	Bolton North East
tabling member printed	Mark Logan
uin	11220
answer	answer is ministerial correction date of answer 31/01/2024 answer text <p>I refer the honourable Member to the answer I gave to PQ UIN 9958 given on 23 January.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 31/01/2024 12:15:25 answering member 4639 label Biography information for Bim Afolami
tabling member	4815 label Biography information for Mark Logan

1682640

registered interest
date	16/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Companies: Japan
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department is taking steps to help support Japanese companies to open bank accounts in the UK.
tabling member constituency	Bolton North East
tabling member printed	Mark Logan
uin	9958
answer	answer is ministerial correction date of answer 23/01/2024 answer text <p>The Department for Business and Trade has a global network, including a significant presence in Japan, to support investors around the world to establish their businesses in the UK. DBT uses its engagement with thousands of businesses and investors to build a well-rounded view of the top issues impacting business, and will continue to engage businesses on these commercial issues.</p><p> </p><p>The Government knows that Japanese companies continue to take confidence in doing business with the UK. Japan is already the UK’s 5th largest investor and this past year alone during the Prime Minister’s visit, with Japanese businesses committed to invest almost £18 billion in businesses and projects across the UK.</p><p> </p><p>More broadly, the provision of banking services is a commercial decision for firms based on a variety of factors, including the local law, regulation of individual countries, an assessment of profitability, or other commercial drivers. Nevertheless, the Government takes the issue of access to bank accounts very seriously, and that is why last year the Chancellor asked the FCA to collect evidence to help us understand where account closures or refusals are happening and why.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 23/01/2024 11:41:54 answering member 4639 label Biography information for Bim Afolami
tabling member	4815 label Biography information for Mark Logan

1681601

registered interest
date	11/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Lifeboats: Insurance Premium Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of extending the Insurance Premium Tax exemption to lifeboat services that operate on inland waterways, lakes and reservoirs.
tabling member constituency	Totnes
tabling member printed	Anthony Mangnall
uin	9297
answer	answer is ministerial correction date of answer 17/01/2024 answer text <p>IPT is forecast to raise £8 billion in 2023/24 and this revenue helps to fund vital public services including the NHS and social care.</p><p>Insurance pricing is a decision which is affected by a wide range of factors, and the taxes that insurers pay are just one part of this. It is hard to predict the impact of an IPT reduction on inland lifeboats pricing because this largely depends on how the insurers react.</p><p>The government keeps all tax policy under review</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 17/01/2024 12:11:15 answering member 4639 label Biography information for Bim Afolami
tabling member	4762 label Biography information for Anthony Mangnall

1671972

registered interest
date	21/11/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gambling
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 potential revenue lost from illegal gambling.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	2836
answer	answer is ministerial correction date of answer 28/11/2023 answer text <p>HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics are published annually and are available at: Measuring tax gaps - <a href="https://www.gov.uk/government/statistics/measuring-tax-gaps" target="_blank">Measuring tax gaps 2023 edition: tax gap estimates for 2021 to 2022 - GOV.UK (www.gov.uk)</a></p><p>HMRC does not separately estimate a betting and gaming duty tax gap; it forms part of the ‘other excise duties’ tax gap, namely betting and gaming, cider and perry, spirits-based ready-to-drink beverages and wine duties gaps.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 28/11/2023 14:57:03 answering member 4407 label Biography information for Nigel Huddleston
tabling member	1565 label Biography information for Sir Philip Davies

1655883

registered interest
date	01/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Lex Greensill: Credit Suisse
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the implications for his policies of the role of Lex Greensill in Credit Suisse's risk management failures.
tabling member constituency	Blaenau Gwent
tabling member printed	Nick Smith
uin	195760
answer	answer is ministerial correction date of answer 07/09/2023 answer text <p>The regulation of individual firms is a matter for the independent financial regulators to comment on.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 07/09/2023 09:26:52 answering member 4874 label Biography information for Andrew Griffith
tabling member	3928 label Biography information for Nick Smith

1656125

registered interest
date	01/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Conduct Authority: Staff
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many and what proportion of (a) board members and (b) employees of the Financial Conduct Authority have previous experience in the sectors that they regulate.
tabling member constituency	Shipley
tabling member printed	Philip Davies
uin	195831
answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>Information about FCA Board members and their professional experience can be found at www.fca.org.uk/about/who-we-are/fca-board.</p><p> </p><p>The FCA is an independent non-governmental body, and the Treasury does not hold information on the prior experience of FCA employees.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 10:41:39 answering member 4874 label Biography information for Andrew Griffith
tabling member	1565 label Biography information for Sir Philip Davies