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1002541

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Sanctions and Anti-money Laundering Act 2018
	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 which will accrue to the public purse as a result of the coming into force of the Sanctions and Anti-Money Laundering Act 2018; and for what reason that estimate was not published in the Avoidance and Evasion section of Budget 2018.
	tabling member constituency	Bishop Auckland
	tabling member printed	Helen Goodman
	uin	188751
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Sanctions and Anti-Money Laundering Act 2018 created no new monetary penalties for financial sanctions or anti-money laundering breaches. Any monetary penalties for breaches of financial sanctions imposed using the powers established by the Act will be paid into the Consolidated fund. No estimates have been made of the value of such potential penalties, or any other consequential implications for the public finances.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:37:52 answering member 4051 label Biography information for John Glen
	tabling member	1484 label Biography information for Helen Goodman

1002699

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Private Finance Initiative: Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 February 2018 to Question 129135 on Private Finance Initiative: Taxation, if he will publish the (a) legal and (b) technical advice he has received on the principle of a windfall tax on PFI companies.
	tabling member constituency	Walthamstow
	tabling member printed	Stella Creasy
	uin	188823
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Chancellor announced at the Budget 2018 that Private Finance 2 will not be used for new projects.</p><p> </p><p>Private Finance contracts include non-discriminatory clauses such that if a tax were targeted at PFI companies, these companies would be contractually entitled to recover this cost from the procuring authority.</p><p> </p><p>A windfall tax would therefore be a tax on local authorities, NHS Trusts and government departments that hold PFI contracts.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/11/2018 17:43:56 answering member 3935 label Biography information for Mel Stride
	tabling member	4088 label Biography information for Stella Creasy

1002714

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Defence: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 5 November 2018 to Question 185543 on Defence finance, whether the reprofiling of the Dreadnought programme bringing forward spend into the early years, set out on page 30 of The Defence Equipment Plan 2018, contributed to the decision to allocate £1bn for Defence in Budget 2018.
	tabling member constituency	North Durham
	tabling member printed	Mr Kevan Jones
	uin	188745
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The £1bn additional funding for MoD will be used to invest in a number of key priority capabilities, one of which is Dreadnought. It is for MoD to decide how much of the additional funding is for Dreadnought, which they will do as part of their normal budgeting process.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 12/11/2018 17:54:32 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1438 label Biography information for Mr Kevan Jones

1002715

	registered interest
	date	06/11/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Defence: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 5 November 2018 to Question 185543 on Defence: finance, if the Secretary of State for Defence decides to spend all or part of the additional funding on the Dreadnought programme whether this spend will be accounted for as additional to and separate from the £10 billion Dreadnought contingency.
	tabling member constituency	North Durham
	tabling member printed	Mr Kevan Jones
	uin	188746
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The £1bn for Defence announced at Budget 18 is additional funding for MoD to ensure that the Armed Forces can continue to modernise and invest in key priority capabilities. The final allocation and treatment will be agreed through MOD’s normal budgeting process</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 12/11/2018 17:53:39 answering member 4097 label Biography information for Elizabeth Truss
	tabling member	1438 label Biography information for Mr Kevan Jones