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1133997

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	London Capital & Finance: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department taking following the collapse of London Capital & Finance to ensure that mini-bond holders in Crewe and Nantwich will be properly compensated.
tabling member constituency	Crewe and Nantwich
tabling member printed	Laura Smith
uin	268490
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The administrators for London Capital &amp; Finance (LCF) are currently estimating recoveries for investors affected by LCF’s failure.</p><p>The Financial Services Compensation Scheme (FSCS), as the compensation scheme of last resort, can only provide compensation for claims connected with certain types of regulated activities. They are working closely with LCF’s administrators and the Financial Conduct Authority (FCA) to understand more about LCF’s activities and whether there are grounds for compensation.</p><p> </p><p>The FSCS is an independent non-governmental body. The FSCS carries out its compensation function within rules set by the Prudential Regulation Authority (PRA) and the FCA, who are also independent of Government.</p><p>If there are circumstances that give rise to potentially valid claims, the FSCS will communicate this on their website. They have invited LCF investors to register for updates on their website. More information on this can be found at https://www.fscs.org.uk/failed-firms/lcf/.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:21:12 answering member 4051 label Biography information for John Glen
tabling member	4648 label Biography information for Laura Smith

1134023

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Dementia: Health Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he will take to ensure that dementia care is adequately funded in the next Spending Review.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	268511
answer	answer is ministerial correction date of answer 28/06/2019 answer text The Spending Review represents an opportunity to consider public spending priorities in the round, and the Treasury will be working closely with departments on funding issues, and with a renewed focus on delivering outcomes. answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 28/06/2019 07:35:58 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4131 label Biography information for Jim Shannon

1134024

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Dementia: Health Services
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 Cabinet colleagues on funding for dementia care.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	268512
answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>In line with the practice of successive administrations, details of ministerial discussions are not normally disclosed.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 01/07/2019 12:51:38 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4131 label Biography information for Jim Shannon

1134070

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what safeguards his Department has put in place to prevent online VAT fraud.
tabling member constituency	Warrington South
tabling member printed	Faisal Rashid
uin	268530
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government has led the way in tackling this complex and international problem. A package of measures was announced at Budget 2016 to tackle abuse by overseas businesses selling goods to UK customers through online marketplaces. This included holding online marketplaces jointly liable for the future unpaid VAT of non-compliant overseas businesses and the introduction of the Fulfilment House Due Diligence Scheme which went live in April 2019. At Budget 2017 the Government strengthened the joint and several liability rules for online marketplaces to include UK businesses, where they either knew or should have known that an overseas business should have been registered for VAT and required them to display a valid VAT number where provided with one. Taken together, these measures are expected to deliver just under £1bn by 2023.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 02/07/2019 15:49:43 answering member 3991 label Biography information for Jesse Norman
tabling member	4670 label Biography information for Faisal Rashid

1134071

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps HMRC takes in responding to complaints on online VAT fraud; and what assessment he has made of the effectiveness of HMRC's response to such complaints.
tabling member constituency	Warrington South
tabling member printed	Faisal Rashid
uin	268531
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>HMRC take all complaints seriously. When complaints are received, HMRC aim to deal with them effectively and learn from them to improve services and operations for the benefit of all customers. HMRC have complete operational independence from Treasury Ministers, and therefore the Chancellor of the Exchequer will not be privy to the results of how HMRC has responded to specific complaints.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 02/07/2019 15:54:09 answering member 3991 label Biography information for Jesse Norman
tabling member	4670 label Biography information for Faisal Rashid

1134089

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Crime Strategic Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, who will be attending the economic crime strategy board meeting on 10 July 2019.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	268540
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 268541 268542 question first answered 27/06/2019 13:07:34 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1134090

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Crime Strategic Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what elements of the economic crime strategy will be discussed at the economic crime strategy board meeting on 10 July 2019.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	268541
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 268540 268542 question first answered 27/06/2019 13:07:34 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1134091

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Crime Strategic Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether extending the failure to prevent criminal offence for bribery to other economic crimes, such as fraud and money laundering, will be discussed at the economic crime strategy board meeting on 10 July 2019.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	268542
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 268540 268541 question first answered 27/06/2019 13:07:34 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1134106

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the Financial Conduct Authority survey of defined benefit pension advice published on 19 June 2019, what assessment his Department has made of the effectiveness of advice provided by the financial services industry on the potential merits of transferring out of defined benefit pension schemes.
tabling member constituency	Blaenau Gwent
tabling member printed	Nick Smith
uin	268448
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government is committed to working with the Financial Conduct Authority (FCA), the independent financial services regulator, who are responsible for ensuring that the financial advice market works well, competitively and fairly. The Government has established a strong regulatory framework to enable the FCA’s work.</p><p> </p><p>In November 2018, the FCA requested data from every firm with permission to advise on defined benefit pension transfers, which provided them with a full picture of the market from 2015. In publishing the data in June 2019, the FCA raised concerns that firms are recommending that large numbers of consumers transfer out of their defined benefit (DB) pension schemes despite the FCA’s stance that transfers are likely to be unsuitable for most clients.</p><p> </p><p>Although the data are not an assessment of the suitability of advice, they give the FCA the information they need to focus their supervision work. The FCA will be writing to all firms and started visits to the most active firms in the market, with a view to complete a full assessment of the firms’ approach to DB advice, focusing on key aspects of firms’ business models and processes which could give rise to harm. The FCA will not hesitate to use their investigatory powers where they identify evidence of misconduct which could have caused harm to consumers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:20:00 answering member 4051 label Biography information for John Glen
tabling member	3928 label Biography information for Nick Smith

1134137

registered interest
date	24/06/2019
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, if he will suspend the 2019 Loan Charge and associated settlements and launch an independent review of the effects of that charge on people subject to it; and if he will make a statement.
tabling member constituency	Crawley
tabling member printed	Henry Smith
uin	268454
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>Disguised remuneration schemes are contrived arrangements that use loan payments in place of ordinary remuneration, usually through an offshore trust, with the purpose of avoiding tax. These loans are no different to normal income in their purpose and effect, and HMRC’s position is that they are, and have always been, taxable.</p><p> </p><p>In accordance with an amendment to the Finance Act 2019, the Government published a report into disguised remuneration schemes. This can be found online at: <a href="http://www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge" target="_blank">www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge</a>. The Government has no plans to review the policy.</p><p> </p><p>HMRC offers a range of taxpayer support services, both directly and through independent organisations, and would strongly encourage anyone who is affected by the charge to contact them and discuss their situation.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 268338 question first answered 27/06/2019 14:59:55 answering member 3991 label Biography information for Jesse Norman
tabling member	3960 label Biography information for Henry Smith