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786758

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Offshore Trusts: Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to reduce offshore tax avoidance.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112182
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>This government has already made unprecedented reforms to the UK tax code to ensure opportunities to avoid tax by using offshore structures are minimised. In particular, the Common Reporting Standard means HMRC are receiving information on accounts held offshore, so they can make sure the right tax is being paid in the UK. Further, Country by Country Reporting (one of the OECD’s BEPS outputs) means HMRC have information on how multinationals are reporting their taxable profit around the world. The government remains committed to tackling avoidance and will continue to consider unilateral and multilateral actions that will achieve this.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:15:09 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786759

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Business: Tax Collection
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the average amount of recovered taxes that a member of staff in the compliance business stream of HM Revenue and Customs brings in annually.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112183
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>HMRC has generated over £160 billion of additional yield since 2010 from tackling avoidance, evasion and non-compliance. There are currently 26,000 people working in the Customer Compliance Group tackling all forms of non-compliance – ranging from individuals operating in the hidden economy, through to detailed investigation of offshore structures and scrutinising the tax affairs of the largest multi-national companies. Given this significant variation in compliance activity, it is not possible to provide a meaningful estimate of the average compliance revenue recovered per officer.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:53:59 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786760

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Trusts: Tax Evasion
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to (a) tackle tax evasion through trusts and (b) open trusts to greater public scrutiny.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112186
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Tackling tax evasion is a matter for HM Revenue and Customs. This Government has given HM Revenue and Customs an additional £1.8 billion since 2010 to tackle tax avoidance, evasion and non-compliance.</p><p> </p><p>As promised in our manifesto, the Government is improving transparency and tackling misuse of trusts. The Government has established a register of trusts incurring UK tax consequences, enabling law enforcement authorities to identify beneficial owners of relevant trusts.</p><p> </p><p>The UK is currently engaged with EU negotiations on targeted amendments to the Fourth Money Laundering Directive. These amendments will include increased obligations for trusts to register information on their beneficial ownership.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 112187 112188 question first answered 20/11/2017 13:58:49 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786761

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Trusts
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department is taking to tackle the abuse of privileges by trusts.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112187
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Tackling tax evasion is a matter for HM Revenue and Customs. This Government has given HM Revenue and Customs an additional £1.8 billion since 2010 to tackle tax avoidance, evasion and non-compliance.</p><p> </p><p>As promised in our manifesto, the Government is improving transparency and tackling misuse of trusts. The Government has established a register of trusts incurring UK tax consequences, enabling law enforcement authorities to identify beneficial owners of relevant trusts.</p><p> </p><p>The UK is currently engaged with EU negotiations on targeted amendments to the Fourth Money Laundering Directive. These amendments will include increased obligations for trusts to register information on their beneficial ownership.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 112186 112188 question first answered 20/11/2017 13:58:49 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786762

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Trusts
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to reform trust legislation.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112188
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Tackling tax evasion is a matter for HM Revenue and Customs. This Government has given HM Revenue and Customs an additional £1.8 billion since 2010 to tackle tax avoidance, evasion and non-compliance.</p><p> </p><p>As promised in our manifesto, the Government is improving transparency and tackling misuse of trusts. The Government has established a register of trusts incurring UK tax consequences, enabling law enforcement authorities to identify beneficial owners of relevant trusts.</p><p> </p><p>The UK is currently engaged with EU negotiations on targeted amendments to the Fourth Money Laundering Directive. These amendments will include increased obligations for trusts to register information on their beneficial ownership.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 112186 112187 question first answered 20/11/2017 13:58:49 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786763

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Offshore Trusts: Registration
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will bring forward legislative proposals to establish a public register of the ownership of offshore companies and trusts.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112189
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The Overseas Territories are legislatively independent and are largely self-governing: they have their own governments, legislatures and elected representatives, and do not have representation in the UK Parliament.</p><p> </p><p>The Government has established a register of all trusts, including those established offshore, which incur UK tax consequences. This enables law enforcement authorities to identify beneficial owners of relevant trusts. Further, the UK is engaged with EU negotiations on targeted amendments to the Fourth Money Laundering Directive, including increased obligations for trusts to register information on their beneficial ownership.</p><p> </p><p>Under the UK Companies Act, legislation on the Register of People with Significant Control can only be applied to companies as defined in that Act. Overseas Territories with financial centres and the Crown Dependencies have agreed to hold company beneficial ownership information in a central register (or similarly effective system) and to share this information with UK law enforcement on request. We have legislated, through the Criminal Finances Act 2017, to review by 1 July 2019 the effectiveness of these arrangements over the first eighteen months of their operation.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:56:12 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786764

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Tax Collection
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the additional tax revenue to be accrued from potential changes in the international tax rules (a) as a result of the G20/OECD project on base erosion and profit shifting and (b) by the Government.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112190
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The OECD’s 15 point Action Plan on Base Erosion and Profit Shifting (BEPS) was developed jointly by G20 and OECD countries and was endorsed in 2013 at the G20 St Petersburg Summit. The UK provides one of the deputy-chairs for the steering group of the OECD’s Inclusive Framework on BEPS and is committed to implementing the OECD’s recommendations.</p><p> </p><p>Since 2013, the UK has implemented, or is in the process of implementing, 9 policy measures which are expected to increase receipts by tackling BEPS. Through these measures, listed below, we expect to accrue an additional £2.6 billion per annum by the tax year 2019/20.</p><p> </p><table><tbody><tr><td rowspan="2"><p>Budget</p></td><td rowspan="2"><p>Measure</p></td><td><p>Total Revenue (£m/pa)</p></td></tr><tr><td><p>2019-20</p></td></tr><tr><td><p>AS14</p></td><td><p>Diverted Profits Tax</p></td><td><p>£355</p></td></tr><tr><td><p>AS14</p></td><td><p>Hybrids</p></td><td><p>£90</p></td></tr><tr><td><p>AS14</p></td><td><p>Country-by-Country Reporting</p></td><td><p>£15</p></td></tr><tr><td><p>B15</p></td><td><p>Controlled Foreign Companies Loss Restriction</p></td><td><p>£150</p></td></tr><tr><td><p>B16</p></td><td><p>Offshore Property Developers Legislation &amp; taskforce</p></td><td><p>£640</p></td></tr><tr><td><p>B16</p></td><td><p>Royalty Withholding Tax</p></td><td><p>£120</p></td></tr><tr><td><p>B16</p></td><td><p>Corporate Interest Restriction</p></td><td><p>£995</p></td></tr><tr><td><p>B16</p></td><td><p>Hybrids Extension</p></td><td><p>£215</p></td></tr><tr><td><p>B16</p></td><td><p>Patent Box Nexus</p></td><td><p>£35</p></td></tr><tr><td><p>£2,615</p></td></tr></tbody></table><p> </p><p>These figures reflect the latest published costings for each measure.</p><p> </p><p>We are continuing to work with the OECD to develop recommendations on BEPS, and any future measures in this area will be assessed and costed as part of the fiscal event process.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:51:38 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786765

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Chevron Petroleum: Australia
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what implications the judgment in the case of Chevron Australia Holdings Pty Ltd v Commissioner of Taxation in Australia has for his policies; and if he will make a statement.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112191
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The <em>Chevron</em> case concerned the tax consequences of the company’s intra-group lending arrangements.</p><p> </p><p>The UK has transfer pricing rules that set out how transactions between connected parties are priced for tax purposes. In common with many countries (including Australia), the UK rules are based on the internationally recognised arm’s length principle. HM Revenue and Customs challenges arrangements that do not allocate the right amount of profits to the UK.</p><p> </p><p>The UK Corporation Tax code contains a number of rules to deter companies from using excessive levels of debt to reduce their profits by way of inflated or artificial interest payments. Financial transfer pricing (thin capitalisation) rules limit interest deductions to an arm’s length amount, unallowable purpose rules deny deductions for interest incurred with a main purpose of avoiding UK tax, and hybrid mismatch rules, introduced in Finance Act 2016, counteract arrangements which exploit mismatches between different tax jurisdictions.</p><p> </p><p>Finance (No.2) Act 2017 introduced a new corporate interest restriction rule which aligns interest deductions with the economic activities undertaken and taxed in the UK. The UK is the first country to introduce such a new rule to implement the recommendations of the OECD Base Erosion and Profit Shifting Project and the requirements of the EU Anti-Tax Avoidance Directive. This new UK rule includes a “debt cap”, which limits interest deductions by reference to a group’s external interest expense, so a group which does not borrow externally cannot use interest deductions to significantly reduce the tax it pays in the UK.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:13:57 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell

786766

registered interest
date	10/11/2017
answering body	Department of Health
answering dept id	17
answering dept short name	Health
answering dept sort name	Health
hansard heading	NHS Trusts: Private Finance Initiative
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Health, what estimate he has made of the change in PFI payments by NHS hospital trusts between 2017-18 and 2019-20; and what proportion of funding increases for the NHS that change represents.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112192
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>Information on the estimated revenue payments for the lifetime of each health sector private finance initiative contract can be found on the Treasury’s website at:</p><p><a href="https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2016-summary-data" target="_blank">https://www.gov.uk/government/publications/private-finance-initiative-and-private-finance-2-projects-2016-summary-data</a></p><p>These are the latest estimates collected from each Department. The health sector schemes are clearly marked “Department of Health” and then “DH-Acute (i.e. Hospitals)”.</p><p> </p><p>The table shows the estimated future annual unitary payments (UP) for each year to the end of each contract. UPs are subject to meeting agreed performance and quality standards, contractual variations agreed between the parties, and include an annual assumption for inflation, the impact of which can vary between schemes depending on when it is applied during the year. It is therefore not possible to make a direct comparison to annual National Health Service planned budgets.</p> answering member constituency Ludlow answering member printed Mr Philip Dunne question first answered 20/11/2017 16:23:10 answering member 1542 label Biography information for Philip Dunne
tabling member	178 label Biography information for John McDonnell

786767

registered interest
date	10/11/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Income Tax: Tax Rates and Bands
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the total reduction in the income tax liability for additional rate taxpayers as a result of reducing the additional rate from 50 pence to 45 pence in each financial year since 2013-14.
tabling member constituency	Hayes and Harlington
tabling member printed	John McDonnell
uin	112226
answer	answer is ministerial correction date of answer 20/11/2017 answer text <p>The latest estimated cost of reducing the additional rate of income tax to 45 per cent is available on the government website, Budget 2013, page 66, table 2.2:</p><p> </p><p><a href="https://www.gov.uk/government/publications/budget-2013-documents" target="_blank">https://www.gov.uk/government/publications/budget-2013-documents</a></p><p> </p><p>HMRC published a detailed evaluation of the impact of the 50 per cent tax rate on the Exchequer in 2012 ‘The Exchequer effect of the 50 per cent additional rate of income tax’. This remains the best available estimate of taxpayer responses to changes in the additional rate of tax. This report contains more information on the methodology for estimating the impact of the policy, specifically in annex A:</p><p> </p><p><a href="http://webarchive.nationalarchives.gov.uk/20130127161217/http:/www.hmrc.gov.uk/budget2012/excheq-income-tax-2042.pdf" target="_blank">http://webarchive.nationalarchives.gov.uk/20130127161217/http://www.hmrc.gov.uk/budget2012/excheq-income-tax-2042.pdf</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 20/11/2017 14:57:28 answering member 3935 label Biography information for Mel Stride
tabling member	178 label Biography information for John McDonnell