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1002475

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Social Security Benefits: Children
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what measures they are taking to ensure that potential claimants are aware of the policy to provide Child Tax Credit and Universal Tax Credit to a maximum of two children; and what assessment they have made of the effectiveness of any such awareness-raising measures.
tabling member printed	The Lord Bishop of Durham
uin	HL11316
answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The policy to provide support for a maximum of two children in Child Tax Credit (CTC) and Universal Credit (UC) was originally announced at Summer Budget 2015 and legislated for in the Welfare Reform Act 2016. The government chose to implement the policy from April 2017 to ensure households were aware of the policy before choosing to have third or subsequent children. HMRC also provided information in leaflets to all claimants renewing their CTC claim since 2016 and a leaflet has also been included in the CTC new claim pack since the policy came into force. Since August 2016 high level messaging about the policy has been available on GOV.UK.</p> answering member printed Lord Bates question first answered 20/11/2018 12:49:03 answering member 1091 label Biography information for Lord Bates
tabling member	4312 label Biography information for The Lord Bishop of Durham

1002476

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Social Security Benefits: Children
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to monitor and review the impact of the policy to provide Child Tax Credit and Universal Tax Credit to a maximum of two children on (1) children’s well-being, and (2) on the financial resilience of families affected by that policy.
tabling member printed	The Lord Bishop of Durham
uin	HL11317
answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The policy to provide Child Tax Credits and Universal Credit for a maximum of two children ensures that those on benefits face the same financial choices around the number of children they can afford as those supporting themselves solely through work.</p><p> </p><p>Work is the best way out of poverty and Universal Credit is supporting people into the labour market so they can get the skills they need to access better opportunities. There are 637,000 fewer children in workless households than in 2010 and unemployment is at a record low.</p><p> </p><p>We are also supporting the finances of low-income families by decreasing the taper rate and increasing work allowances in Universal Credit, so people can earn more without losing their benefits. Our National Living Wage means the lowest paid have seen their wages grow by 8% above inflation between 2015 and 2018.</p> answering member printed Lord Bates question first answered 20/11/2018 12:48:24 answering member 1091 label Biography information for Lord Bates
tabling member	4312 label Biography information for The Lord Bishop of Durham

1002478

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Higher Education: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans, if any, they have to provide an estimate of the cumulative financial impact on the higher education sector as a result of the actuarial valuation changes to the (1) Teachers' Pension Scheme, (2) Local Government Pension Scheme, and (3) NHS Pension Scheme.
tabling member printed	Baroness Garden of Frognal
uin	HL11319
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The quadrennial valuations of public service pension schemes are ongoing. Precise financial impacts will not be known until the valuations are finalised.</p> answering member printed Lord Bates question first answered 19/11/2018 16:25:21 answering member 1091 label Biography information for Lord Bates
tabling member	3842 label Biography information for Baroness Garden of Frognal

1002479

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Higher Education: Workplace Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to delay the changes to actuarial valuations for higher education public service pension schemes until the outcomes are known of (1) the Augar Review of post-18 education and funding, and (2) the Office for National Statistics review of the treatment of student loans in the Public Sector Finances.
tabling member printed	Baroness Garden of Frognal
uin	HL11320
answer	answer is ministerial correction date of answer 20/11/2018 answer text <p>The quadrennial valuations of public service pension schemes are ongoing. Changes arising from these valuations are due to take effect in 2019. The process is set down in primary and secondary legislation and we are committed to following it.</p> answering member printed Lord Bates question first answered 20/11/2018 12:48:40 answering member 1091 label Biography information for Lord Bates
tabling member	3842 label Biography information for Baroness Garden of Frognal

1002699

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 February 2018 to Question 129135 on Private Finance Initiative: Taxation, if he will publish the (a) legal and (b) technical advice he has received on the principle of a windfall tax on PFI companies.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	188823
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Chancellor announced at the Budget 2018 that Private Finance 2 will not be used for new projects.</p><p> </p><p>Private Finance contracts include non-discriminatory clauses such that if a tax were targeted at PFI companies, these companies would be contractually entitled to recover this cost from the procuring authority.</p><p> </p><p>A windfall tax would therefore be a tax on local authorities, NHS Trusts and government departments that hold PFI contracts.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/11/2018 17:43:56 answering member 3935 label Biography information for Mel Stride
tabling member	4088 label Biography information for Stella Creasy

1001947

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	Mortgages: EU Law
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 EU Mortgage Credit Directive on access to lower mortgage rates.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	187982
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The EU Mortgage Credit Directive (MCD), which came into force in March 2016, prevents lenders waiving the affordability requirements when a borrower moves to a new lender. As a result some borrowers may find it harder to switch to a new lender to access lower rates.</p><p> </p><p>While we must comply with the MCD, the Financial Conduct Authority have put in place exemptions which allow lenders to waive affordability requirements for customers that are remortgaging with their existing lender but not increasing the size of their debt. In addition in July 2018, UK Finance, the Building Socieities Association, and the Intermediary Mortgage Lenders Association, announced a cross industry voluntary agreement. Under this agreement lenders undertook to write by the end of 2018 to any borrowers on the reversion rate who are up to date with payments, and have a minimum of 2 years and £10,000 left on their mortgage, to let them know they can access lower mortgage rates with their existing lender. Officials in the Treasury continue to work closely with the FCA and industry to explore what more can be done<strong>. </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:49:19 answering member 4051 label Biography information for John Glen
tabling member	114 label Biography information for Tim Loughton

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

1002027

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	Customs
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department plans to take to help businesses manage (a) administrative and (b) tariff changes in UK customs after the UK leaves the EU.
tabling member constituency	Dundee East
tabling member printed	Stewart Hosie
uin	188056
answer	answer is ministerial correction date of answer 16/11/2018 answer text <p>As a responsible Government we continue to prepare for a range of outcomes and we are looking closely at how to ensure that businesses are clear on what they need to do and have the support they need to be as prepared as they can be in the time available, whilst not undermining the benefits of an implementation period.</p><p> </p><p>HMRC has already published Technical Notices covering Customs, Excise and VAT procedures, and has written on no deal arrangements to the 145,000 UK business over the VAT threshold, who currently only trade with the EU. Later in the year we intend to provide more information on what businesses should do to prepare.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2018 14:55:00 answering member 3935 label Biography information for Mel Stride
tabling member	1514 label Biography information for Stewart Hosie

1002049

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	Electronic Funds Transfer
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 his European counterparts on the feasibility of establishing an alternative mechanism for money transfers autonomous from the Society for Worldwide Interbank Financial Telecommunication.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	188065
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:</p><p> </p><p><a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:51:57 answering member 4051 label Biography information for John Glen
tabling member	1536 label Biography information for Emily Thornberry