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1717037

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Pay
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to oral evidence by officials on the work of HMRC given to the Treasury Select Committee on 24 April, how many HMRC employees on 1 January had earnings at or below the national minimum wage.
tabling member printed	Lord Sikka
uin	HL4543
answer	answer is ministerial correction date of answer 16/05/2024 answer text <p>HMRC complies with the statutory requirement and all colleagues are paid the National Living Wage rate or above.</p><p><strong> </strong></p> answering member printed Baroness Vere of Norbiton question first answered 16/05/2024 12:58:35 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1701992

registered interest
date	17/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Advance Pricing Agreements
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many advance transfer pricing agreements have been signed by HM Revenue and Customs in each of the past five years.
tabling member printed	Lord Sikka
uin	HL3907
answer	answer is ministerial correction date of answer 25/04/2024 answer text <p>HM Revenue and Customs has entered into the following number of advance pricing agreements in the past five tax years:</p><ul><li>2018 to 2019: 30</li><li>2019 to 2020: 26</li><li>2020 to 2021: 24</li><li>2021 to 2022: 20</li><li>2022 to 2023: 15</li></ul><p>This information is included in the Transfer Pricing and Diverted Profits Tax Statistics 2022 to 2023 which are publicly available and published on gov.uk[1].</p><p> </p><p>[1] <a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2022-to-2023/transfer-pricing-and-diverted-profits-tax-statistics-2022-to-2023" target="_blank">Transfer Pricing and Diverted Profits Tax statistics 2022 to 2023 - GOV.UK (www.gov.uk)</a></p><p> </p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 25/04/2024 11:17:19 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1688921

registered interest
date	14/02/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Halifax Bank of Scotland and Lloyds Banking Group: Fraud
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 5 February (HL1819), when Dame Linda Dobbs’ review into Lloyds Banking Group and HBOS Reading began; what period is covered by the review; when the review is due to be completed; when the review is expected to be completed; whether, and if so when, an interim report was published and how many victims of the fraud committed by six then employees of HBOS Reading have given evidence.
tabling member printed	Lord Sikka
uin	HL2500
answer	answer is ministerial correction date of answer 27/02/2024 answer text <p>The Dame Linda Dobbs Review was commissioned by Lloyds Banking Group, so HM Treasury is not in a position to answer questions on the scope and timing of the Review. You can find information about the review on its website (https://www.dobbsreview.com/), where an update was published earlier this month, and which has information on how to contact the Review.</p><p> </p><p>When complete, the findings of the Dame Linda Dobbs Review will be shared with the FCA. The FCA will then consider whether further action is appropriate.</p> answering member printed Baroness Vere of Norbiton question first answered 27/02/2024 15:48:06 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1683954

registered interest
date	22/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Evasion: Prosecutions
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many people and corporate bodies have been investigated, charged, and prosecuted for facilitating tax evasion under the Criminal Finances Act 2017, and what the outcomes of these investigation and enforcement activities have been in each case.
tabling member printed	Lord Sikka
uin	HL1815
answer	answer is ministerial correction date of answer 01/02/2024 answer text <p>The Criminal Finances Act 2017 came into effect on 30 September 2017 and are new offences applicable to organisations that fail to prevent the facilitation of tax evasion from that date onwards.</p><p> </p><p>Updates on the number of HMRC interventions are provided bi-annually on Gov.UK pages <a href="https://www.gov.uk/government/publications/number-of-live-corporate-criminal-offences-investigations/number-of-live-corporate-criminal-offences-investigations" target="_blank">Number of live Corporate Criminal Offences investigations - GOV.UK (www.gov.uk)</a></p><p><strong> </strong></p><p>The Criminal Finances Act 2017 is specific legislation in relation to corporates and not individuals, so the element of the question pertaining to individuals is not applicable and no information can be provided in that respect.</p><p> </p><p>However, as per a previous PQ<a href="https://questions-statements.parliament.uk/written-questions/detail/2023-03-08/hl6278" target="_blank"> HL6278</a> asked on 8<sup>th</sup> March 2023, tackling enablers of tax fraud remains a top priority for HMRC. HMRC is working with partners across the world to take action against enablers.</p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 01/02/2024 16:03:46 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1683958

registered interest
date	22/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Halifax Bank of Scotland and Lloyds Banking Group: Fraud
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether they will launch an independent inquiry into banking fraud at HBOS and Lloyds Banking Group.
tabling member printed	Lord Sikka
uin	HL1819
answer	answer is ministerial correction date of answer 05/02/2024 answer text <p>These issues are a matter for the Financial Conduct Authority (FCA) first and foremost as the independent non-governmental body responsible for regulating and supervising the financial services industry.</p><p> </p><p>Dame Linda Dobbs DBE has been appointed by Lloyds Banking Group to consider whether the issues relating to HBOS Reading were investigated and appropriately reported to authorities at the time.</p><p> </p><p>When complete, the findings of the Dame Linda Dobbs Review will be shared with the FCA. The FCA will then consider whether further action is appropriate.</p> answering member printed Baroness Vere of Norbiton question first answered 05/02/2024 14:30:54 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1681389

registered interest
date	10/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many adults in the UK are not expected to pay any income tax in 2023–24.
tabling member printed	Lord Sikka
uin	HL1477
answer	answer is ministerial correction date of answer 23/01/2024 answer text <p>The number of adults (people aged 18 and over) in the UK estimated to not pay any Income Tax in 2023-24 is approximately 17.8 million (rounded to 3 significant figures).</p> answering member printed Baroness Vere of Norbiton question first answered 23/01/2024 17:36:02 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1681391

registered interest
date	10/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Savings
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have to investigate the rates of saving by UK households.
tabling member printed	Lord Sikka
uin	HL1479
answer	answer is ministerial correction date of answer 23/01/2024 answer text <p>The Government is committed to incentivising greater saving and investment, to help households save for their future goals and build greater financial resilience.</p><p> </p><p>Individuals can save up to £20,000 into an Individual Savings Account (ISA) each year, and any savings income received on cash within an ISA is tax free. This, coupled with the Personal Savings Allowance of up to £1,000 for basic rate taxpayers and up to £500 for higher rate taxpayers, means that around 90% of people with savings income pay no tax on that income. Individuals aged 18 or over but under 40 can also open a Lifetime ISAs to save for buying a first home or for later life.</p><p> </p><p>Last year, the Chancellor also secured agreement from the FCA to review the cash savings market. As a result, the FCA have published a 14-point action plan. Under the plan, firms should ensure they are effectively communicating their full range of suitable savings products to customers.</p><p> </p><p>The Government will continue to monitor the rates of saving by UK households as part of its wider economic monitoring.</p> answering member printed Baroness Vere of Norbiton question first answered 23/01/2024 17:37:17 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1658470

registered interest
date	05/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the tax revenues which could be raised by aligning the capital gains tax rates with those applied to wages and salaries.
tabling member printed	Lord Sikka
uin	HL9909
answer	answer is ministerial correction date of answer 13/09/2023 answer text <p>As set out in the Government’s response to the Office of Tax Simplification's report on Capital Gains Tax (CGT) on 30 November 2021, substantial reforms to CGT rates and allowances would involve a number of wider policy trade-offs and so careful thought must be given to the impact that they would have on taxpayers, as well as any additional administrative burden on HMRC.</p><p> </p><p>The Government will continue to keep the tax system under review to ensure it is simple and efficient.</p> answering member printed Baroness Penn question first answered 13/09/2023 10:38:44 answering member 4726 label Biography information for Baroness Penn
tabling member	4885 label Biography information for Lord Sikka

1658472

registered interest
date	05/09/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Insurance: Profits
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the revenues which could be raised by levying national insurance upon chargeable capital gains.
tabling member printed	Lord Sikka
uin	HL9911
answer	answer is ministerial correction date of answer 13/09/2023 answer text <p>National Insurance contributions (NICs) are part of the UK’s social security system. The system, based around the longstanding contributory principle, is centred around paid employment and self-employment, with employers, employees and the self-employed paying into the National Insurance Fund and providing funding for the NHS. Payment of NICs builds an individual’s entitlement to claim contributory benefits which then replace earnings in certain circumstances, for example if someone is unable to work or is retired. Non-employment income is generally excluded from liability to NICs as it is not derived from paid employment. Consequently, individuals with only non-employment income need to pay voluntary NICs in order to build entitlement.</p><p> </p><p>The Government keeps all taxes under review.</p> answering member printed Baroness Penn question first answered 13/09/2023 13:25:50 answering member 4726 label Biography information for Baroness Penn
tabling member	4885 label Biography information for Lord Sikka

1602590

registered interest
date	08/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Energy: Taxation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what additional tax revenues they have collected since the implementation of the Energy (Oil and Gas) Profits Levy Act 2022.
tabling member printed	Lord Sikka
uin	HL6277
answer	answer is ministerial correction date of answer 22/03/2023 answer text <p>Monthly Energy Profits Levy receipts are published on GOV.UK in HMRC tax receipts and National Insurance contributions for the UK<sup><sup>[1]</sup></sup>.</p><p> </p><p>[1]<a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">here.</a></p> answering member printed Baroness Penn question first answered 22/03/2023 17:21:54 answering member 4726 label Biography information for Baroness Penn
tabling member	4885 label Biography information for Lord Sikka