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1001954

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
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 the 2019 Loan Charge on individuals that had made financial plans on the basis of previous arrangements; and what support he is able to provide to those individuals.
tabling member constituency	Lewisham East
tabling member printed	Janet Daby
uin	188241
answer	answer is ministerial correction date of answer 16/11/2018 answer text <p>The charge on disguised remuneration (DR) loans is targeted at artificial tax avoidance schemes where earnings were paid in the form of loans, often made by an offshore third party. These loans are not repaid in practice and so are no different to ordinary income and are, and always have been, taxable.</p><p> </p><p>It is unfair to ordinary taxpayers to let anybody continue to benefit from contrived tax avoidance of this sort, and that is why this government has taken action to ensure that everybody pays the taxes they owe. The charge, announced at Budget 2016, will arise on 5 April 2019. By then affected users will have had three years to organise their financial affairs.</p><p> </p><p>The Government recognises the charge on DR loans will have a significant impact on some individuals who have used DR schemes, particularly those who used them to avoid the most tax.</p><p> </p><p>HM Revenue and Customs (HMRC) are working to help people put things right. HMRC have published a simplified process for DR scheme users to spread payment of the tax they owe over 5 years if their current income is less than £50,000, and they are no longer in avoidance. Those with higher incomes or who need to pay over a longer period can also request extended payment periods, which will be tailored to individual circumstances. Anyone who is worried about being able to pay what they owe should contact HMRC as soon as possible.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2018 14:52:58 answering member 3935 label Biography information for Mel Stride
tabling member	4698 label Biography information for Janet Daby

1001994

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Schools: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to paragraph 1.60 of the Budget 2018 Red Book, whether the funding for state-funded schools to cover pension costs will be allocated from the £4.7bn extra DEL in the reserve for 2019-20.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	188148
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>Additional funds will be allocated to the Department for Education to meet the proportion of the expected £4.7 billion in additional pension costs that falls to them. The Department for Education are proposing to provide state-funded schools with funding to cover their additional pensions costs for the rest of this Spending Review period.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 12/11/2018 17:52:45 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4607 label Biography information for Stephanie Peacock

1000267

registered interest
date	02/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Notes
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 the person who will be represented on the new £50 note.
tabling member constituency	Ilford North
tabling member printed	Wes Streeting
uin	187380
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Bank of England is responsible for the design, production, issue and distribution of bank notes. On 2 November 2018, the Governor of the Bank of England announced that the design of the new £50 note will celebrate the UK’s contribution to science. Members of the public have until 14 December to nominate a historical character who has contributed to science and influenced UK society to feature on the note.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:50:24 answering member 4051 label Biography information for John Glen
tabling member	4504 label Biography information for Wes Streeting

999748

registered interest
date	01/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Married People: Tax Allowances
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what projections they have made for expenditure on the Marriage Allowance in 2019–20, following changes to the basic and higher rates of personal tax allowance.
tabling member printed	Lord Farmer
uin	HL11193
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>The estimated cost of Marriage Allowance is shown annually in the HMRC publication ‘Estimated costs of principal tax reliefs’ up to the current tax year and will be available for 2018-19 in the next publication (in early 2019). An estimate of future years cost is not provided as there is still uncertainty around the increase in take-up by the end of 2019-20.</p><p><strong> </strong></p> answering member printed Lord Bates question first answered 15/11/2018 17:29:04 answering member 1091 label Biography information for Lord Bates
tabling member	4321 label Biography information for Lord Farmer

999767

registered interest
date	01/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what representations they have made to the Financial Policy Committee of the Bank of England regarding the case for (1) stress testing the capacity for open ended credit funds to withstand a credit shock, and (2) a review of the options available in the event of a significant decline in market liquidity.
tabling member printed	Lord Myners
uin	HL11212
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>The Financial Policy Committee (FPC) is an independent body responsible for monitoring and taking action to remove systemic risks to the financial system. The Chancellor sets a remit for the Committee each year related to its objectives. On 29 October the Chancellor set out the latest remit in a letter to the Governor of the Bank of England. Alongside the Prudential Regulation Committee (PRC), the FPC introduced an annual stress test of the largest UK banks and building societies in 2014. The FPC will conduct a comprehensive resilience assessment as part of the 2018 stress test at its meeting on 28 November. The Government supports the use of stress tests as a tool to ensure the ongoing resilience of the financial system.</p> answering member printed Lord Bates question first answered 14/11/2018 16:51:35 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

999770

registered interest
date	01/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they anticipate that current Organisation for Economic Co-operation and Development rules relating to tax residency will be adhered to following Brexit.
tabling member printed	Viscount Waverley
uin	HL11215
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>The UK will continue to adhere to the OECD’s tax standards after Brexit. These include the provisions relating to residence in the OECD model treaty.</p> answering member printed Lord Bates question first answered 15/11/2018 17:22:05 answering member 1091 label Biography information for Lord Bates
tabling member	1744 label Biography information for Viscount Waverley

998907

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many small businesses participate in the VAT Flat-Rate Scheme.
tabling member printed	Lord Harris of Haringey
uin	HL11158
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>The latest published statistics show that in the last year for which figures are available (2016-17), there were 358,270 businesses operating the VAT Flat Rate Scheme (FRS).</p><p> </p><p>There is no separate impact assessment relating to businesses participating in the FRS. An overall Impact Assessment was published on 1 December 2017.</p><p> </p><p>MTD is intended to help businesses meet their tax obligations as simply as possible, regardless of whether they operate standard or specialist schemes. While HM Revenue and Customs (HMRC) cannot recommend specific software products, they have published details of compatible software on GOV.uk.</p><p> </p><p>This will be updated regularly as more MTD software products become available. HMRC has also published guidance within its recent VAT Notice 7/22 on GOV.UK on how to account for the FRS on software that does not have it as a feature.</p> answering member printed Lord Bates grouped question UIN HL11159 HL11160 question first answered 14/11/2018 16:51:00 answering member 1091 label Biography information for Lord Bates
tabling member	2671 label Biography information for Lord Harris of Haringey

998908

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Electronic Government
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they conducted an equality impact assessment on the decision to apply Making Tax Digital to small businesses paying VAT using the VAT Flat-Rate Scheme; and if so, whether they will publish that assessment.
tabling member printed	Lord Harris of Haringey
uin	HL11159
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>The latest published statistics show that in the last year for which figures are available (2016-17), there were 358,270 businesses operating the VAT Flat Rate Scheme (FRS).</p><p> </p><p>There is no separate impact assessment relating to businesses participating in the FRS. An overall Impact Assessment was published on 1 December 2017.</p><p> </p><p>MTD is intended to help businesses meet their tax obligations as simply as possible, regardless of whether they operate standard or specialist schemes. While HM Revenue and Customs (HMRC) cannot recommend specific software products, they have published details of compatible software on GOV.uk.</p><p> </p><p>This will be updated regularly as more MTD software products become available. HMRC has also published guidance within its recent VAT Notice 7/22 on GOV.UK on how to account for the FRS on software that does not have it as a feature.</p> answering member printed Lord Bates grouped question UIN HL11158 HL11160 question first answered 14/11/2018 16:51:00 answering member 1091 label Biography information for Lord Bates
tabling member	2671 label Biography information for Lord Harris of Haringey

998909

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Electronic Government
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government which commercial software available to small businesses using the VAT Flat-Rate Scheme are compliant with Making Tax Digital; and what are the costs of such software to those small businesses.
tabling member printed	Lord Harris of Haringey
uin	HL11160
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>The latest published statistics show that in the last year for which figures are available (2016-17), there were 358,270 businesses operating the VAT Flat Rate Scheme (FRS).</p><p> </p><p>There is no separate impact assessment relating to businesses participating in the FRS. An overall Impact Assessment was published on 1 December 2017.</p><p> </p><p>MTD is intended to help businesses meet their tax obligations as simply as possible, regardless of whether they operate standard or specialist schemes. While HM Revenue and Customs (HMRC) cannot recommend specific software products, they have published details of compatible software on GOV.uk.</p><p> </p><p>This will be updated regularly as more MTD software products become available. HMRC has also published guidance within its recent VAT Notice 7/22 on GOV.UK on how to account for the FRS on software that does not have it as a feature.</p> answering member printed Lord Bates grouped question UIN HL11158 HL11159 question first answered 14/11/2018 16:51:00 answering member 1091 label Biography information for Lord Bates
tabling member	2671 label Biography information for Lord Harris of Haringey

999367

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	City Region Deals: Belfast
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to his oral contribution of 29 October 2018, Official Report, column 664, Financial Statement, which aspects of the Belfast Region City Deal will require a functioning Northern Ireland Executive for their implementation; and if he will make a statement.
tabling member constituency	North Down
tabling member printed	Lady Hermon
uin	186233
answer	answer is ministerial correction date of answer 13/11/2018 answer text <p>The government will work with local partners to ensure that robust governance, accountability and transparency arrangements will be in place to allow funding for the Belfast City Region Deal to be spent in the absence of a Northern Ireland Executive.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 13/11/2018 15:19:48 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1437 label Biography information for Lady Hermon