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228776

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Financial Conduct Authority on the Connaught Income Fund Series 1 settlement negotiations.
	tabling member constituency	Aberconwy
	tabling member printed	Guto Bebb
	uin	228575
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>I was very sorry to hear about the difficulties faced by investors in the Connaught Income Fund Series 1 and hope that the Financial Conduct Authority (FCA) are able to finalise their investigation promptly.<br> <br> On 10 March, the FCA provided an update on proceedings which can be found here:</p><p><br> <a href="https://www.fca.org.uk/news/fca-statement-on-connaught" target="_blank">https://www.fca.org.uk/news/fca-statement-on-connaught</a><br> <br> The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament. In view of the FCA’s independence it would not be appropriate for the Treasury to comment further on this ongoing investigation.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228573 228574 question first answered 26/03/2015 10:40:03 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3910 label Biography information for Guto Bebb

228774

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what representations he has received on the decision of the Financial Conduct Authority to withdraw from the Connaught Income Fund Series 1 settlement negotiations.
	tabling member constituency	Aberconwy
	tabling member printed	Guto Bebb
	uin	228573
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>I was very sorry to hear about the difficulties faced by investors in the Connaught Income Fund Series 1 and hope that the Financial Conduct Authority (FCA) are able to finalise their investigation promptly.<br> <br> On 10 March, the FCA provided an update on proceedings which can be found here:</p><p><br> <a href="https://www.fca.org.uk/news/fca-statement-on-connaught" target="_blank">https://www.fca.org.uk/news/fca-statement-on-connaught</a><br> <br> The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament. In view of the FCA’s independence it would not be appropriate for the Treasury to comment further on this ongoing investigation.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228574 228575 question first answered 26/03/2015 10:40:03 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3910 label Biography information for Guto Bebb

228775

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will request the Financial Conduct Authority to ensure that its investigation into the Connaught Income Fund Series 1 will result in adequate compensation for investors in that fund; and if he will request a timescale for the payment of such compensation.
	tabling member constituency	Aberconwy
	tabling member printed	Guto Bebb
	uin	228574
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>I was very sorry to hear about the difficulties faced by investors in the Connaught Income Fund Series 1 and hope that the Financial Conduct Authority (FCA) are able to finalise their investigation promptly.<br> <br> On 10 March, the FCA provided an update on proceedings which can be found here:</p><p><br> <a href="https://www.fca.org.uk/news/fca-statement-on-connaught" target="_blank">https://www.fca.org.uk/news/fca-statement-on-connaught</a><br> <br> The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament. In view of the FCA’s independence it would not be appropriate for the Treasury to comment further on this ongoing investigation.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 228573 228575 question first answered 26/03/2015 10:40:03 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3910 label Biography information for Guto Bebb

228854

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation: Self-assessment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, where he plans digital tax accounts will be held; how he plans to protect such accounts against cyber attacks; and what safeguards he plans to put in place for those accounts to protect privacy.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	228639
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>The digital tax accounts will be accessible through Gov.UK and are therefore protected by the strong security built into that product to protect the accounts from cyber attacks. For anyone to access the digital accounts they will have to have authenticated their identity through the Government Gateway process or by the Verify route. These robust identity checks will enable customers to securely access their data within their account.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 17:43:38 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4124 label Biography information for Chi Onwurah

228778

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Swansea
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what plans he has for the future of HM Revenue and Customs' offices at Swansea; and if he will make a statement.
	tabling member constituency	Llanelli
	tabling member printed	Nia Griffith
	uin	228548
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>HMRC has been discussing a vision of its future to 2020 and beyond with its workforce, through a national conversation called Building our Future. Through this, HMRC has outlined how it proposes to transform services to its customers and set out what this means for the future size, shape and location of the Department.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>HMRC has set out its early thinking about the principles that will determine its future location strategy, which involves bringing teams closer together in a smaller number of large, modern, adaptable Regional Centres. These centres will be supported by a UK-wide network of smaller specialist and touchdown sites.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p>HMRC has told staff that, it believes that Cardiff is the most suitable location for a future Regional Centre in Wales, since it is already the biggest HMRC location in the country. However, no firm decisions have yet been made on the precise location or timing of a new HMRC Regional Centre in Cardiff or the nature and timing of impacts on other HMRC locations in Wales including Swansea.</p><p> </p><p> </p><p> </p><p>HMRC will be developing its plans over coming months and will share details of them as they emerge. HMRC will naturally undertake all necessary consultations and impact assessments.</p><p> </p><p> </p><p> </p><p>HMRC shared the main elements of this vision with MPs and Assembly Members in October 14 and will continue to keep MPs and Assembly Members informed of the outcomes of these conversations.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/03/2015 17:42:04 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1541 label Biography information for Nia Griffith

228779

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tobacco: Counterfeit Manufacturing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent steps the Government has taken to tackle the movement of counterfeit cigarettes into the UK.
	tabling member constituency	Upper Bann
	tabling member printed	David Simpson
	uin	228531
	answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>HMRC’s strategy to tackle tobacco smuggling has reduced the tax gap for cigarettes from 22% in 2000/01 to 10% in 2013/14.</p><p> </p><p> </p><p> </p><p>HMRC and Border Force have just published a new joint strategy that sets out a comprehensive range of activity, overseas, at the border and within the UK, to tackle the threat from smuggling of genuine and counterfeit illicit tobacco products.</p><p> </p><p> </p><p> </p><p>The strategy can be accessed on the HMRC website:</p><p> </p><p><a href="https://www.gov.uk/government/publications/tackling-illicit-tobacco-from-leaf-to-light" target="_blank">https://www.gov.uk/government/publications/tackling-illicit-tobacco-from-leaf-to-light</a></p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 26/03/2015 10:02:53 answering member 4066 label Biography information for Priti Patel
	tabling member	1597 label Biography information for David Simpson

228855

	registered interest
	date	20/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Driver and Vehicle Licensing Agency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 10 March 2015 to Question 225793, for what reason the Driver and Vehicle Licensing Agency imposes a five per cent surcharge on people who pay by monthly direct debit, but does not do so on people who pay by annual direct debit.
	tabling member constituency	Aberconwy
	tabling member printed	Guto Bebb
	uin	228622
	answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>Motorists who buy a six month Vehicle Excise Duty (VED) licence have historically paid a ten per cent surcharge.</p><p> </p><p> </p><p> </p><p>The Government has introduced a direct debit scheme for the payment of VED, to allow families and businesses to spread their tax payments. Under the scheme, the surcharge has been halved to five per cent when the tax is paid by six monthly and monthly instalments. The retention of a surcharge prevents a loss in VED revenue which would otherwise need to be made up elsewhere, by either increasing other taxes or reducing the Government’s investment in public services.</p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 25/03/2015 09:59:35 answering member 4066 label Biography information for Priti Patel
	tabling member	3910 label Biography information for Guto Bebb