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1146595

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	Roadchef: Employee Benefit Trusts
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will undertake an inquiry into delays in resolving the dispute between HMRC and the Roadchef Employee Benefits Trust.
tabling member constituency	Newport East
tabling member printed	Jessica Morden
uin	291335
answer	answer is ministerial correction date of answer 01/10/2019 answer text <p><strong></strong></p><p>The administration of the tax system is a matter for HM Revenue and Customs. It would not be appropriate for Treasury Ministers to become involved in the administration of the tax system in specific cases.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2019 15:59:41 answering member 3991 label Biography information for Jesse Norman
tabling member	1548 label Biography information for Jessica Morden

1146603

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	Oil: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether the Government plans to reduce excise duty on UK produced petroleum.
tabling member constituency	Great Grimsby
tabling member printed	Melanie Onn
uin	291457
answer	answer is ministerial correction date of answer 01/10/2019 answer text <p>The government recognises that transport is a significant cost for households and businesses. That is why for the last nine years the government has frozen fuel duty at a cost of £53bn, saving the average car driver £1,000 compared to pre-2010 plans.</p><p> </p><p>All taxes remain under review with any future decision made as part of the normal Budget processes and in the context of the wider fiscal position.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 01/10/2019 14:10:31 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4464 label Biography information for Melanie Onn

1146661

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	Airports and Ports: North West
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Operation Yellowhammer HMG Reasonable Worst Case Planning Assumptions, what assessment he has made of potential delays for UK citizens travelling to and from the EU from (a) Holyhead port, (b) Liverpool John Lennon airport and (c) Manchester airport in the event that the UK leaves the EU without a deal.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	291260
answer	answer is ministerial correction date of answer 01/10/2019 answer text <p>In preparation for EU Exit, the Border Delivery Group and Border Force have assessed 135 transport hubs across the United Kingdom, including these named locations. Based on this assessment, the Government does not expect material passenger delays at these locations as a result of leaving the EU. The Government is continuing to engage with local stakeholders across the UK to support their planning for a range of EU Exit scenarios.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2019 15:52:22 answering member 3991 label Biography information for Jesse Norman
tabling member	534 label Biography information for Chris Ruane

1146669

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	Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Operation Yellowhammer HMG Reasonable worst case planning assumptions paragraph 16, what estimate he has made of the proportion of insurance payments from UK insurers into the EU which would be delayed in the event of the UK leaving the EU without a deal; and what estimate his Department has made of the potential length of any such delays.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	291263
answer	answer is ministerial correction date of answer 01/10/2019 answer text <p>As the question notes, HMG’s Operation Yellowhammer planning assumptions are not a prediction, but a reasonable worst-case scenario. The specifics on the length and proportion of affected policies would depend on each individual case – by definition, any delays would relate to exceptional cases which therefore cannot be estimated.</p><p> </p><p>However, substantial progress has been made towards mitigating this risk. The Bank of England’s Financial Stability Report shows that UK insurers’ actions in restructuring their business have made good progress towards being able to service the majority of their £61 billion of EU liabilities after Brexit - £56 billion of this liability is expected to be addressed by 31 October. Temporary regimes announced by EU states are expected to further reduce the residual ‘at risk’ liabilities.</p><p> </p><p>The FCA expects insurers to let customers know if there will be any changes to the way policies are serviced after the UK leaves the EU. Information on gov.uk makes it clear that customers concerned about the status of their insurance policy should contact their provider.</p> answering member constituency Salisbury answering member printed John Glen question first answered 01/10/2019 15:17:12 answering member 4051 label Biography information for John Glen
tabling member	534 label Biography information for Chris Ruane

1146688

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	UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many of the 95,000 non VAT registered companies estimated to need EORI numbers have registered for them.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	291486
answer	answer is ministerial correction date of answer 01/10/2019 answer text <p>To help businesses continue trading with customers and suppliers in the EU after Brexit, HMRC have automatically enrolled VAT-registered businesses that only trade with the EU for a UK EORI number (Economic Operator Registration and Identification).</p><p> </p><p>HMRC do not have the necessary information to register non VAT-registered businesses, but encourage them to follow the simple online application process, which takes less than 10 minutes. Since December 2018, HMRC has issued 171,000 live UK EORI numbers. This includes 88,000 VAT-registered businesses who were auto-enrolled in August 2019.</p><p> </p><p>HMRC cannot break down the number of live UK EORI registrations between VAT and non VAT-registered businesses. Many non VAT-registered businesses may not need a UK EORI number if they only move goods by post, provide services or only <a href="https://www.gov.uk/guidance/customs-procedures-for-goods-moving-between-ireland-and-northern-ireland-if-the-uk-leaves-the-eu-without-a-deal" target="_blank">move goods between Northern Ireland and Ireland</a>. If they use a parcel company to move goods, they should check with the parcel company whether they will need a UK EORI number.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2019 16:03:26 answering member 3991 label Biography information for Jesse Norman
tabling member	4657 label Biography information for Anneliese Dodds

1145753

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	Thomas Cook: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions (a) he, (b) his Ministers and (c) his officials have had with the management of the Royal Bank of Scotland on Thomas Cook UK between 14 September 2019 and the collapse of that company.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	290754
answer	answer is ministerial correction date of answer 30/09/2019 answer text <p>The government manages its shareholding in RBS at arm’s length on a commercial basis through UK Government Investments Ltd (UKGI). UKGI's role is to manage the investment, not the bank itself. RBS retains its own independent board and management team for strategic and operational decision-making, including in relation to commercial lending, and the government has no role in such decision-making.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/09/2019 12:38:59 answering member 4051 label Biography information for John Glen
tabling member	4056 label Biography information for Nic Dakin

1145767

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	Personal savings: Fees and charges
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 capping (a) all charges, (b) custody charges and (c) transfer charges on (i) SIPPs and (ii) ISAs.
tabling member constituency	Hove
tabling member printed	Peter Kyle
uin	291041
answer	answer is ministerial correction date of answer 30/09/2019 answer text <p>Government and regulators have undertaken a range of initiatives in relation to charges on investment products.</p><p> </p><p>The Financial Conduct Authority (FCA) has conducted an extensive market study into the asset management sector, including the examination of costs and charges. They have introduced a range of remedies to address the issues they found. In particular, the FCA have strengthened and clarified the duty on managers of investment funds to act in the best interests of their investors. New rules will require asset managers to assess the value for money of each fund against a non-exhaustive list of prescribed elements, including whether charges are reasonable in relation to the costs incurred in delivering the service, and the quality of the service provided. The managers must conclude that each fund offers good VfM or take corrective action if it does not and explain the assessment annually in a report made available to the public.</p><p>The FCA also identified concerns that charges might not always be visible to investors and that investors might not pay sufficient attention to charges or understand what they represent. In response, the FCA introduced a single all-in fee to increase the visibility of all charges taken from the fund and impose more discipline on overspend relative to charging estimates.</p><p> </p><p>The FCA has also considered the role of charges as part of its work on competition in non-workplace pensions, including self-invested pension plans (SIPPs). They found that charges in this market are often too complex for consumers to be able to compare and that similar customers can pay very different charges. The FCA concluded that it would not be appropriate to recommend direct price intervention such as a cap at this stage, but it is considering next steps in the context of its upcoming work on driving value for money across the pensions sector. The FCA’s Feedback Statement on this topic is seeking views on what remedies would be appropriate and will close in October 2019.</p><p> </p><p>Early exit charges were banned or capped in personal pension schemes, including SIPPs, from March 2017. Information obtained by the FCA and the Pensions Regulator (TPR) showed that early exit charges presented a barrier to accessing the pension freedoms for a significant minority of people in personal and occupational pension schemes. Following consultation, the Government took steps to remove these barriers by capping early exit charges at 1% for existing scheme members and banning them for new members.</p><p> </p><p>The charges imposed in respect of investments held within Stocks and Shares ISAs are a matter for individual ISA managers. ISA managers must allow investors to transfer existing Stocks and Shares ISAs to an alternative manager.</p> answering member constituency Salisbury answering member printed John Glen question first answered 30/09/2019 12:36:59 answering member 4051 label Biography information for John Glen
tabling member	4505 label Biography information for Peter Kyle

1145822

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	Income Tax
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 effect of rises in income tax thresholds on income distribution in the last 10 years.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	290638
answer	answer is ministerial correction date of answer 30/09/2019 answer text <p>Between 2010 and April 2019 the personal allowance has increased by more than 90%. This means that 1.74 million people on low incomes have been taken out of income tax altogether since 2015-16. The Government has also increased the higher rate threshold to £50,000 to support working people to keep more of what they earn.</p><p>The income tax system is highly progressive – the top 1% of income taxpayers are forecast to pay over 29% of all income tax in 2018-19.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 30/09/2019 16:08:45 answering member 3991 label Biography information for Jesse Norman
tabling member	308 label Biography information for Mr Jim Cunningham

1145829

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	Food and Fuel: Prices
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Operaton Yellowhammer HMG reasonable worst case planning assumptions chapter 17, what steps his Department is taking to protect low income groups from price rises in food and fuel.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	290700
answer	answer is ministerial correction date of answer 30/09/2019 answer text <p>HM Treasury routinely monitors economic conditions and risks, and the Government has a range of mechanisms available to support vulnerable people from price rises in food and fuel.</p><p> </p><p>Furthermore, officials estimate the direct impact of spending decisions on household living standards, and this is a central consideration when allocating public funds.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 30/09/2019 15:20:06 answering member 4483 label Biography information for Rishi Sunak
tabling member	534 label Biography information for Chris Ruane

1145836

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	Bank of England
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with the Governor of the Bank of England on when the Governor's term of office ends.
tabling member constituency	West Worcestershire
tabling member printed	Harriett Baldwin
uin	290812
answer	answer is ministerial correction date of answer 30/09/2019 answer text <p>It was <a href="https://www.gov.uk/government/news/mark-carneys-term-extended-and-sir-jon-cunliffe-re-appointed-at-the-bank-of-england" target="_blank">announced</a> on 11 September 2018 that the Chancellor and Governor had agreed that the Governor’s term would be extended until 31 January 2020.</p><p> </p><p>The process to appoint the next Governor of the Bank of England was <a href="https://www.gov.uk/government/news/chancellor-launches-search-for-next-governor-of-the-bank-of-england" target="_blank">launched</a> in April. The process is on track. We will make an announcement in due course, ahead of the start of the next Governor’s term on 1 February 2020.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 290814 290902 question first answered 30/09/2019 12:26:44 answering member 4051 label Biography information for John Glen
tabling member	4107 label Biography information for Dame Harriett Baldwin