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1147637

registered interest
date	01/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they will publish the results of Operation Kingfisher before 31 October; and if so, when.
tabling member printed	Lord Jones of Cheltenham
uin	HL17963
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>We are continuing to monitor companies and sectors that may be exposed to short-term difficulties as a result of EU exit. This monitoring is market sensitive and confidential.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 11:59:57 answering member 3359 label Biography information for The Earl of Courtown
tabling member	248 label Biography information for Lord Jones of Cheltenham

1146948

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foster Care: Off-payroll Working
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the impact on foster carers of their plans to extend the new IR35 rules to the private sector from April 2020.
tabling member printed	Baroness Kramer
uin	HL17922
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The reforms to how the off-payroll working rules are administered have already been in place in the public sector, including local authorities, since 2017. In the first 12 months, these reforms brought in an additional £550 million in Income Tax and NICs, which otherwise would have gone unpaid. Independent research into the public sector reforms found that most public bodies did not experience any change in their ability to fill vacancies, or the rates they pay following the reforms.</p><p> </p><p>Following consultation, the Government announced at Budget 2018 that it will extend this reform to all medium and large organisations. On 11 July 2019 HMRC published a Tax Information and Impact Note setting out the impact on individuals, households and families of the reform in the private sector.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 12:12:21 answering member 3359 label Biography information for The Earl of Courtown
tabling member	1557 label Biography information for Baroness Kramer

1146959

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debts: Developing Countries
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to initiate, or support, a new debt relief scheme designed to assist the least developed countries affected by climate change.
tabling member printed	The Earl of Sandwich
uin	HL17933
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The UK is a member of the Paris Club of official creditors, and any bilateral restructuring of UK loans to other sovereigns is conducted through this group. The UK forgave most of our loans to the least developed countries through the Paris Club framework under the International Monetary Fund (IMF) and World Bank Group (WBG) Heavily Indebted Poor Countries (HIPC) initiative in the 1990s and 2000s.</p><p>The UK continues to play a leading role in discussions on debt sustainability and transparency in international fora, including on climate-resilient instruments. The UK has supported work through the Paris Club and G7 to develop “Hurricane Clauses” which can provide Caribbean sovereigns with cash-flow relief following natural disasters.</p><p>The UK also provides broader policy support to assist the least developed countries affected by climate change. The Prime Minister announced at the UN Climate Action Summit on 23rd September 2019 that the UK would be doubling its international climate finance commitment to £11.6bn over the next five years. This will include work to help vulnerable countries and communities become resilient to the damaging effects of climate change.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 12:13:27 answering member 3359 label Biography information for The Earl of Courtown
tabling member	2109 label Biography information for The Earl of Sandwich

1146740

registered interest
date	26/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Borders: Northern Ireland
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to install electronic detection border equipment in Northern Ireland.
tabling member printed	Lord Taylor of Warwick
uin	HL17881
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The UK Government has been resolute in its commitments to Northern Ireland. This includes protecting the Belfast (Good Friday) Agreement in all its parts and ensuring there will be no hard border between Northern Ireland and Ireland. The Government will not introduce new physical infrastructure, which would include electronic detection border equipment, on the land border between Northern Ireland and Ireland.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 11:55:55 answering member 3359 label Biography information for The Earl of Courtown
tabling member	1796 label Biography information for Lord Taylor of Warwick

1146346

registered interest
date	25/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Brexit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what percentage of the budget preparing for a no-deal Brexit has been spent on advertisements (1) in newspapers, (2) on radio and television, and (3) on social media.
tabling member printed	Lord Steel of Aikwood
uin	HL17841
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The Treasury allocated £100m to Cabinet Office to deliver the No-Deal Brexit Public Information Campaign in August 2019. The costs of the campaign will be published monthly on gov.uk, as part of routine government transparency. This will be broken down by supplier. The Treasury does not hold a detailed breakdown of how departments have allocated funding for no-deal preparations, therefore it is difficult to determine the exact amount spent on any other advertising delivered by individual departments.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 11:59:29 answering member 3359 label Biography information for The Earl of Courtown
tabling member	949 label Biography information for Lord Steel of Aikwood

1145212

registered interest
date	05/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Stamp Duty Land Tax: Foreign Nationals
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to make an assessment of the level of investment in programmes to tackle rough sleeping that would result by imposing either (1) a one per cent stamp duty surcharge on non-resident property purchases, or (2) a three per cent stamp duty surcharge on non-resident property purchases; if so, when; and if not, why not.
tabling member printed	Lord Bird
uin	HL17739
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government announced at Budget 2018 a new Stamp Duty Land Tax (SDLT) surcharge of one per cent on non-residents buying residential property in England and Northern Ireland. This will help control house price growth and so help ensure those resident in the UK can get on the housing ladder.</p><p> </p><p>A costing for how much the surcharge will raise will be produced at a future fiscal event once the final design of the surcharge has been confirmed. This costing will follow the usual process for analysing the revenue impacts of new tax measures, including being subject to scrutiny from the Office for Budget Responsibility.</p><p> </p><p>The Government remains committed to ending rough sleeping. The Chancellor announced £54m of new funding to reduce homelessness and rough sleeping in last week’s Spending Round. This takes total resource funding to £422m next year – a real terms increase of 13%.</p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:39:02 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4564 label Biography information for Lord Bird

1144865

registered interest
date	04/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Workplace Pensions: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
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.
tabling member printed	Baroness Altmann
uin	HL17699
answer	answer is ministerial correction date of answer 09/09/2019 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> answering member printed The Earl of Courtown question first answered 09/09/2019 16:33:08 question first ministerially corrected 08/10/2019 12:38:27 answering member 3359 label Biography information for The Earl of Courtown previous answer version 135351 answering member printed The Earl of Courtown answering member 3359 label Biography information for The Earl of Courtown
tabling member	4533 label Biography information for Baroness Altmann

1144180

registered interest
date	03/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business
house id	2
legislature	25277 pref label House of Lords
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.
tabling member printed	Lord Mendelsohn
uin	HL17668
answer	answer is ministerial correction date of answer 09/09/2019 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> answering member printed The Earl of Courtown question first answered 09/09/2019 15:39:59 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4286 label Biography information for Lord Mendelsohn

1144183

registered interest
date	03/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the Office for Budget Responsibility's (OBR) model for forecasting business investment, in the light of business investment growth consistently falling below OBR forecasts and remaining “significantly weaker than expected” according to its Economic and Fiscal Outlook, published in March.
tabling member printed	Lord Mendelsohn
uin	HL17671
answer	answer is ministerial correction date of answer 09/09/2019 answer text The independent Office for Budget Responsibility (OBR) publishes an annual Forecast Evaluation Report, in which they compare their forecasts to subsequent published data, explain any forecast errors, and identify lessons for future forecasts. answering member printed The Earl of Courtown question first answered 09/09/2019 15:37:41 answering member 3359 label Biography information for The Earl of Courtown
tabling member	4286 label Biography information for Lord Mendelsohn

1141516

registered interest
date	23/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the impact that the proposal to make HMRC a secondary preferential creditor in insolvencies may have on business rescue support in the UK from April 2020.
tabling member printed	Baroness Burt of Solihull
uin	HL17384
answer	answer is ministerial correction date of answer 06/08/2019 answer text <p>This reform is designed to ensure that when a business becomes insolvent, more of the taxes paid in good faith by that business’s employees and customers will go to fund public services as intended, rather than being distributed to other creditors such as financial institutions.</p><p>This measure does not include a cap on the age of tax debts which will be eligible for secondary preferential status, nor an exemption for existing lending. Either proposal would introduce potential distortions into the lending market which the Government does not consider to be either fair or proportionate.</p><p>The Government does not expect this reform to have a significant impact on access to finance, the cost of borrowing, business rescue support in the UK or the UK’s ranking in the World Bank’s annual “Doing Business” report.</p><p>Consistent with the Government’s impact assessment, the independent Office for Budget Responsibility (OBR) did not make any adjustments to their economic forecast in response to this measure.</p> answering member printed Lord Young of Cookham grouped question UIN HL17385 HL17386 HL17387 question first answered 06/08/2019 13:34:00 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1567 label Biography information for Baroness Burt of Solihull