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1019804

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Health Professions: Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many (a) doctors and (b) nurses will be subject to the 2019 Loan Charge.
tabling member constituency	Westmorland and Lonsdale
tabling member printed	Tim Farron
uin	198777
answer	answer is ministerial correction date of answer 12/12/2018 answer text <p>Disguised Remuneration schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. When taking into account the loan they received, loan scheme users have on average twice as much income as the average UK taxpayer.</p><p> </p><p>HMRC data indicates that fewer than 3% of those affected work in medical services (doctors and nurses) and teaching. Further information can be found in HMRC’s issue briefing: <a href="https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans" target="_blank">https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans</a>.</p><p> </p><p>HMRC is working hard to help individuals to get out of tax avoidance for good. HMRC does not want to make anybody bankrupt and very few cases ever reach that stage.</p><p> </p><p>HMRC has simplified the process for those who choose to settle their use of avoidance schemes before the charge arises, so that those earning less than £50,000 a year and no longer engaging in tax avoidance can agree a payment plan of up to five years without the need for detailed supporting information. There is no maximum period within which an overall settlement can be agreed, and HMRC will deal with individual cases appropriately and sympathetically.</p><p> </p><p>Since the announcement of the 2019 loan charge at Budget 2016, HMRC has agreed settlements on disguised remuneration schemes with employers and individuals of over 650 million pounds. More than 90% of this amount was collected from employers, with less than 10% from individuals.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 198778 question first answered 12/12/2018 14:03:03 answering member 3935 label Biography information for Mel Stride
tabling member	1591 label Biography information for Tim Farron

1019806

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bankruptcy: 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 effect of the 2019 Loan Charge on the number of bankrupts.
tabling member constituency	Westmorland and Lonsdale
tabling member printed	Tim Farron
uin	198778
answer	answer is ministerial correction date of answer 12/12/2018 answer text <p>Disguised Remuneration schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. When taking into account the loan they received, loan scheme users have on average twice as much income as the average UK taxpayer.</p><p> </p><p>HMRC data indicates that fewer than 3% of those affected work in medical services (doctors and nurses) and teaching. Further information can be found in HMRC’s issue briefing: <a href="https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans" target="_blank">https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans</a>.</p><p> </p><p>HMRC is working hard to help individuals to get out of tax avoidance for good. HMRC does not want to make anybody bankrupt and very few cases ever reach that stage.</p><p> </p><p>HMRC has simplified the process for those who choose to settle their use of avoidance schemes before the charge arises, so that those earning less than £50,000 a year and no longer engaging in tax avoidance can agree a payment plan of up to five years without the need for detailed supporting information. There is no maximum period within which an overall settlement can be agreed, and HMRC will deal with individual cases appropriately and sympathetically.</p><p> </p><p>Since the announcement of the 2019 loan charge at Budget 2016, HMRC has agreed settlements on disguised remuneration schemes with employers and individuals of over 650 million pounds. More than 90% of this amount was collected from employers, with less than 10% from individuals.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 198777 question first answered 12/12/2018 14:03:03 answering member 3935 label Biography information for Mel Stride
tabling member	1591 label Biography information for Tim Farron

1019901

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Network Rail: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether Network Rail is entitled to carry over funds for each financial year in Control Period 6 between 2019 and 2024.
tabling member constituency	Middlesbrough
tabling member printed	Andy McDonald
uin	198850
answer	answer is ministerial correction date of answer 11/12/2018 answer text <p>Given the size of its capital spending portfolio, Network Rail will be granted financial flexibilities over its spending which will allow it to move funds between financial years, to reflect the inherent volatility of capital spending. These flexibilities were set out in the Department for Transport’s response to the Office of Rail and Road’s second consultation on Periodic Review 18’s financial framework, published in June 2018, available at http://orr.gov.uk/__data/assets/pdf_file/0007/27862/pr18-responses-to-second-consultation-on-the-financial-framework.pdf</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 11/12/2018 14:39:15 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4269 label Biography information for Andy McDonald

1019927

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment the Government has made of the effect of Transferable Tax History on the incentives for buying companies to increase oil and gas production and generate further revenues.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198899
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>The Government, with technical advice from the Oil and Gas Authority (OGA) and representations from the industry via the trade body Oil and Gas UK, assesses that there will be instances when companies hoping to purchase mature fields will be in a position to extract more value from the field through investment than their current owner.</p><p> </p><p>However, there is a barrier to these deals taking place due to the uncertainty around whether the buyer will obtain equivalent decommissioning tax relief.</p><p> </p><p>Transferable Tax History (TTH) overcomes this uncertainty, enabling companies to complete asset deals on mature fields and allowing new investment to take place. Without TTH, transactions for mature assets are expected to be less common and the increased revenue from production is not realised.</p><p> </p><p>More details can be found in the published policy paper, <em>“Oil and gas taxation: transferable tax history and retention of decommissioning expenditure”</em>.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 14/12/2018 08:50:27 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019935

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
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 effect of trends in the level of oil prices on the cost to the public purse of the Transferable Tax History.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198900
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Transferable tax history (TTH) is expected to increase tax receipts from the oil and gas sector by £65 million between tax years 2018-19 and 2023-24. This is based on forecast oil and gas prices as set by the independent Office for Budget Responsibility.</p><p> </p><p>A higher oil price will encourage investment in oil and gas extraction, facilitating more transactions for oil and gas fields and increasing the use of the TTH mechanism. Therefore, TTH would help increase revenues from oil and gas through increased production.</p><p> </p><p>A lower oil price will reduce the incentive for investment and decrease the likelihood that mature oil and gas fields will be sold. In this scenario the yield from new investment as a result of TTH will be lower. However, a low oil price is unlikely to result in TTH having a negative impact on tax receipts.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 14/12/2018 08:51:28 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019939

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has put in place to maintain job security for workers on North Sea oil rigs when Transferable Tax History is implemented.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198901
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Transferable tax history will encourage new investment into the North Sea and prolong the productive life of the basin. This will help protect the 280,000 jobs across the UK that are supported by the industry.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 198904 question first answered 14/12/2018 08:54:00 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019944

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
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 limiting Transferable Tax History claims to incoming companies’ investment in (a) infrastructure, (b) maintenance, (c) retraining and (d) methane reduction.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198902
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Restricting the use of transferable tax history (TTH) in this way will make it an unattractive tool for new entrants to the basin.</p><p> </p><p>TTH has been carefully designed to put new entrants in the same tax position as current licensees. Creating a two-tier system where new entrants must meet stricter criteria than existing operators to receive tax relief will discourage much needed new investment into the basin.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 14/12/2018 08:55:11 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019945

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the net flow of revenue has been between the Treasury and North Sea oil and gas companies over the last three years.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198903
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Government tax revenues from North Sea Oil and Gas companies over the last three years are reproduced in the table below. More details can be found in Table 11.11 in the publication <em>“Statistics of Government revenues from UK Oil and Gas production</em>”. Total Government revenue, including oil licence fees, is published by the Oil and Gas Authority at “<em>Table: Government revenues from UK oil and gas production 1964/65-2017/18</em>”</p><p> </p><p> </p><table><tbody><tr><td><p> </p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td></tr><tr><td><p>Total tax revenues (£m)</p></td><td><p>-2</p></td><td><p>-350</p></td><td><p>1,188</p></td></tr><tr><td><p>Licence fees (£m)</p></td><td><p>71</p></td><td><p>65</p></td><td><p>62</p></td></tr><tr><td><p>Total Gov Revenue (£m)</p></td><td><p>69</p></td><td><p>-285</p></td><td><p>1,250</p></td></tr></tbody></table><p> </p><p> </p><p>Link to publications<strong>: <a href="https://www.gov.uk/government/statistics/government-revenues-from-uk-oil-and-gas-production--2" target="_blank">https://www.gov.uk/government/statistics/government-revenues-from-uk-oil-and-gas-production--2</a></strong></p><p><strong><a href="https://www.ogauthority.co.uk/media/5138/tax_table_nov_2018.pdf" target="_blank">https://www.ogauthority.co.uk/media/5138/tax_table_nov_2018.pdf</a></strong></p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 14/12/2018 08:56:51 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019947

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
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 stability and security of jobs for workers on North Sea oil rigs under Transferable Tax History.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198904
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>Transferable tax history will encourage new investment into the North Sea and prolong the productive life of the basin. This will help protect the 280,000 jobs across the UK that are supported by the industry.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 198901 question first answered 14/12/2018 08:54:00 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis

1019949

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Offshore Industry: Taxation
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 compatibility of Transferable Tax History and the Paris climate agreement.
tabling member constituency	Norwich South
tabling member printed	Clive Lewis
uin	198905
answer	answer is ministerial correction date of answer 14/12/2018 answer text <p>In the IPCC Special Report on Global Warming of 1.5˚C, all the scenarios reflect an ongoing role for some fossil fuel use, recognising the need to maintain a supply of energy to meet global demand.</p><p> </p><p>The UK is currently a net importer of both oil and gas and our domestic supply is forecast to decline further in the future. Managing the declining production of our relatively small domestic basin, whilst reducing our overall consumption of fossil fuels is compatible with the UK’s obligations under the Paris Climate Agreement.</p> answering member constituency Newark answering member printed Robert Jenrick grouped question UIN 198906 question first answered 14/12/2018 08:58:16 answering member 4320 label Biography information for Robert Jenrick
tabling member	4500 label Biography information for Clive Lewis