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1171505

registered interest
date	16/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Trust Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many Child Trust Fund accounts were taken out between their introduction in September 2002 and their replacement by junior ISA's in January 2011; and how much was invested in them from public funds.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	4282
answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4283 4284 4285 4286 question first answered 21/01/2020 15:29:19 answering member 4051 label Biography information for John Glen
tabling member	114 label Biography information for Tim Loughton

1171506

registered interest
date	16/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Trust Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much was contributed to Child Trust Funds from parents and relatives; and to how many accounts.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	4283
answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>HMRC has published the number of CTF and contributions in the following publications for the years requested. The following links provide the last edition of these publications.</p><p> </p><p>Link to “Child Trust Fund Statistical Report” – <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255886/statistical-report.pdf</a></p><p>Link to “Child Trust Funds: detailed distributional analysis” - <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/255881/dda.pdf</a></p><p> </p><p>HMRC does not have records of, nor have they made any estimations of, CTF accounts where the child or their parents is unaware of which firm is maintaining the account. CTF providers are required in legislation to send out regular statements to the contact for the account. However, although the primary relationship is between the account provider and the child’s parents, if they don’t know which provider is managing their child’s account, they can use the following online form to track the account.</p><p> </p><p><a href="https://www.gov.uk/child-trust-funds" target="_blank">https://www.gov.uk/child-trust-funds</a></p><p> </p><p>HMRC estimates the market value of all Child Trust Funds (as at 2015-16), which will start to be eligible to be accessed by their beneficial holder from September 2020, to be £7,450 m. This estimate used the latest complete Child Trust Fund information available to HMRC – relating to 2015-16. This may not necessarily be reflective of the market value the accounts when they reach maturity.</p><p> </p><p>A complete list of authorised Child Trust Fund Providers is held at the following webpage: <a href="https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers" target="_blank">https://www.gov.uk/government/publications/list-of-authorised-child-trust-fund-providers/child-trust-fund-account-providers</a></p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 4282 4284 4285 4286 question first answered 21/01/2020 15:29:19 answering member 4051 label Biography information for John Glen
tabling member	114 label Biography information for Tim Loughton

1170923

registered interest
date	15/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Customs Declaration Services Programme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether all traders were transferred to the Customs Declaration Service by 1 January 2020; and whether that service is fully operational.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	3680
answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>I refer the Hon. Member to the answer given on 9 September 2019 (UIN 286140). The migration of traders to the Customs Declaration Service (CDS) is planned to be completed by late 2020. CDS can accept all types of import and export declarations and the final elements of IT functionality will be delivered by the end of March. HMRC are dual running the CHIEF system alongside CDS until all trader migration is completed.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/01/2020 16:13:59 answering member 3991 label Biography information for Jesse Norman
tabling member	1409 label Biography information for Mr Gregory Campbell

1171002

registered interest
date	15/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Horizon IT System: Compensation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether the settlement award of £57.75 million with sub-postmasters announced on 11 December 2019 will be subject to VAT.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	3685
answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>Payments resulting from legal settlements are normally VAT free as they are not made in return for goods or services.</p><p> </p><p>Due to HMRC’s statutory responsibilities I am unable to comment on the tax affairs of individuals or identifiable groups of individuals.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/01/2020 16:08:37 answering member 3991 label Biography information for Jesse Norman
tabling member	1438 label Biography information for Lord Beamish

1171067

registered interest
date	15/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Alcoholic Drinks: Excise Duties
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what fiscal steps he is taking to encourage consumers to drink lower ABV beverages; and whether he plans to change the rates of taxation on alcohol.
tabling member constituency	Chesterfield
tabling member printed	Mr Toby Perkins
uin	3730
answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>Fiscal changes to alcohol, and tax rates are kept under review and the impact of a change to duty is considered at each fiscal event.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 20/01/2020 09:29:48 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	3952 label Biography information for Mr Toby Perkins

1171097

registered interest
date	15/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Unpaid Work
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy for HMRC to record the number of complaints it receives on unpaid work trials.
tabling member constituency	Glasgow South
tabling member printed	Stewart Malcolm McDonald
uin	3809
answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>HMRC take seriously and investigate all complaints from workers referred by the Acas helpline, or received via the online complaints form.</p><p> </p><p>Complaint-led National Minimum Wage (NMW) cases often involve a range of different NMW breaches. It is only possible to determine the full extent of any underpayments, and the underlying reasons for these breaches, at the conclusion of an investigation.</p><p> </p><p>In conjunction with the Department for Business, Energy and Industrial Strategy, HMRC publish information on completed investigations in an annual compliance and enforcement report. The latest report can be found at:</p><p><a href="https://www.gov.uk/government/publications/national-living-wage-and-national-minimum-wage-government-evidence-on-compliance-and-enforcement-2018" target="_blank">https://www.gov.uk/government/publications/national-living-wage-and-national-minimum-wage-government-evidence-on-compliance-and-enforcement-2018</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/01/2020 16:05:21 answering member 3991 label Biography information for Jesse Norman
tabling member	4461 label Biography information for Stewart Malcolm McDonald

1171103

registered interest
date	15/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money Laundering: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to implement the Fifth Anti-Money Laundering Directive of the EU.
tabling member constituency	Edinburgh North and Leith
tabling member printed	Deidre Brock
uin	3776
answer	answer is ministerial correction date of answer 21/01/2020 answer text <p>The government transposed the vast majority of the provisions in the Fifth Anti-Money Laundering Directive into domestic law through, ‘<em>The Money Laundering and Terrorist Financing (Amendment) Regulations 2019’</em>, which came into force on 10 January 2020.</p><p> </p><p>This transposition ensures the UK’s AML/CTF regime remains comprehensive, responsive to emerging threats, and in line with evolving international standards set by the Financial Action Task Force.</p><p> </p><p>The consultation on the implementation of the Directive committed to a further technical consultation on the details of the implementation of measures related to trust registration. This consultation will launch in early 2020 and will ensure the Trust Registration Service contains a robust and proportionate framework, which will be transposed into domestic law during 2020.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/01/2020 09:37:46 answering member 4051 label Biography information for John Glen
tabling member	4417 label Biography information for Deidre Brock

1171121

registered interest
date	15/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electronic Publishing: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of introducing a zero-rate of VAT for e-publications.
tabling member constituency	Dulwich and West Norwood
tabling member printed	Helen Hayes
uin	3854
answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>The Government keeps all taxes under review, including VAT.</p><p> </p><p>Over the past year the Government has engaged with industry on this issue. It will continue to consider the benefits and risks associated with extending the zero rate of VAT to e-publications, for digital businesses, high street retailers, consumers and taxpayers.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/01/2020 16:12:10 answering member 3991 label Biography information for Jesse Norman
tabling member	4510 label Biography information for Helen Hayes

1170604

registered interest
date	14/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Northern Rock
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make publish unredacted (a) marketing documents and (b) information memoranda provided by (i) HM Treasury, (ii) UK Asset Resolution and (iii) NRAM Ltd to potential bidders for portfolios of former Northern Rock mortgages.
tabling member constituency	Feltham and Heston
tabling member printed	Seema Malhotra
uin	3221
answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>The details of these transactions are commercially sensitive and are, or have been, subject to non-disclosure agreements. Publishing these documents would damage the government’s reputation as a seller of assets, which would impair our ability to undertake future asset sales.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/01/2020 13:47:35 answering member 4051 label Biography information for John Glen
tabling member	4253 label Biography information for Seema Malhotra

1170605

registered interest
date	14/01/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Northern Rock
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will publish unredacted data on (a) the interest revenue produced by the former Northern Rock mortgage book in public ownership, (b) the overall revenue produced by that book including revenue from redemptions, (c) the level of arrears at (i) one month or more and (ii) three months or more as a percentage of the overall balance of that book and (d) the average loan-to-value ratio of that book at (A) monthly and (B) quarterly intervals from the date Northern Rock was nationalised.
tabling member constituency	Feltham and Heston
tabling member printed	Seema Malhotra
uin	3222
answer	answer is ministerial correction date of answer 20/01/2020 answer text <p>NRAM publishes detailed information on its asset portfolios and revenue in its annual report and accounts – these reports are available at https://www.ukar.co.uk/nram/nram-financial-results/2019.</p><p> </p><p>UKAR regularly publishes a corporate factsheet on its overall portfolio and financial position – the latest edition of this update is available on UKAR’s website at https://www.ukar.co.uk/~/media/Files/U/Ukar-V3/documents/ukar-factsheet-05-06-2019.pdf</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/01/2020 13:44:28 answering member 4051 label Biography information for John Glen
tabling member	4253 label Biography information for Seema Malhotra