Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed question first answered answering member label
tabling member	label

Search

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

1001973

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	Telecommunications: Non-domestic Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 31 October 2018 to Question 184372 on Optical Fibres: Non-domestic Rates, what estimate his Department has made of the income for the public purse from rates on (a) new build (b) the existing stock of all fixed and mobile telecommunications infrastructure for each year for which his Department has such projections.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	188011
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Treasury does not collect or hold data on business rates receipts by asset type.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 12/11/2018 17:34:32 answering member 4320 label Biography information for Robert Jenrick
tabling member	1171 label Biography information for Liam Byrne

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

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

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

1000315

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	Gaming Machines: Excise Duties
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 money to be accrued to the public purse in tax from the profits made by gambling companies from fixed odds betting terminals between April 2019 and October 2019.
tabling member constituency	West Bromwich East
tabling member printed	Tom Watson
uin	187320
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>As the Chancellor set out to the Treasury Select Committee on 5 November, changes to Fixed Odds Betting Terminals and Remote Gaming Duty will be implemented simultaneously. This ensures that regardless of when changes to Fixed Odds Betting Terminals and Remote Gaming Duty are implemented, there will be no significant change to the exchequer impact.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 12/11/2018 17:22:41 answering member 4320 label Biography information for Robert Jenrick
tabling member	1463 label Biography information for Lord Watson of Wyre Forest

1000319

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	Gaming Machines: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department conducted impact assessments on levels of taxation of different implementation dates for reducing the maximum stakes on fixed odds betting terminals.
tabling member constituency	West Bromwich East
tabling member printed	Tom Watson
uin	187393
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The government made clear in May that the timing of implementation does not make a difference to the public finances. Remote Gaming Duty will be increased at the same time to offset the foregone revenue.</p><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 12/11/2018 17:31:25 answering member 4320 label Biography information for Robert Jenrick
tabling member	1463 label Biography information for Lord Watson of Wyre Forest

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