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1401607

	registered interest
	date	10/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Imports: EU Countries
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made, if any, of the cost to business of applying VAT on imports from EU states.
	tabling member printed	Lord Hannan of Kingsclere
	uin	HL5237
	answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>Before the UK left the EU, sales of goods from the EU to UK customers were already subject to VAT. This has not changed. Prior to the end of the transition period, VAT was collected and paid through the VAT return system. For sales to consumers or non-VAT-registered businesses, VAT was either due in the EU Member State or in the UK, depending on whether the volume of the supplier’s sales made into the UK breached an annual threshold. For sales to VAT-registered businesses, the VAT registered-business would be responsible for accounting for the VAT on a VAT return through what is known as a ‘reverse charge’. The VAT-registered business could reclaim this VAT as input tax on the same VAT return, subject to the normal recovery rules. Only sales to the UK from outside the EU were subject to import VAT collection at the border.</p><p> </p><p>Now that the transition period has ended, the UK has used its freedom from EU rules to create a fairer and more robust tax system, while also complying with World Trade Organisation rules by treating EU and non-EU goods the same. For goods in consignments up to £135, VAT is due at the point of sale. Where a UK VAT-registered business provides its VAT registration number to the supplier, the VAT registered business is responsible for accounting for the VAT due on the goods through a reverse charge. For goods in consignments over £135, import VAT is due and UK VAT-registered businesses can choose to use ‘postponed VAT accounting’. Accounting for VAT on a VAT return in these ways allows businesses to reclaim it as input tax on the same VAT return, as was the case under the previous rules, and ensures continuity for businesses.</p> answering member printed Viscount Younger of Leckie question first answered 25/01/2022 12:03:43 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	4905 label Biography information for Lord Hannan of Kingsclere

1402052

	registered interest
	date	11/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Fuels: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what representations they have received from industry and consumer groups to end or suspend VAT on fuel bills; and what steps they intend to take on this matter.
	tabling member printed	Lord Allen of Kensington
	uin	HL5284
	answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>In recognition of the fact that families should not have to bear all the VAT costs they incur to meet their needs, domestic fuels such as gas and electricity are already subject to the reduced rate of 5 per cent of VAT. The Government keeps all taxes under review but going further would impose significant additional pressure on the public finances, to which VAT makes a significant contribution.</p><p> </p><p>The Government has introduced a raft of measures to support vulnerable households with the cost of energy, including increasing the Warm Home Discount, Winter Fuel Payments, and Cold Weather Payments. This is alongside introducing the £500 million Household Support Fund and giving working families on Universal Credit an average of £1,000 more per year.</p> answering member printed Viscount Younger of Leckie question first answered 25/01/2022 17:03:48 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	4304 label Biography information for Lord Allen of Kensington

1402110

	registered interest
	date	11/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Freezing of Assets: Libya
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether any (1) capital,(2) interest, or (3) dividend revenues arising from frozen Libyan assets held in the UK have been distributed since the invocation of United Nations Security Council Resolution 1970 in 2011.
	tabling member printed	Lord Empey
	uin	HL5307
	answer	answer is ministerial correction date of answer 25/01/2022 answer text <p>Each year OFSI carries out an annual review of frozen assets held by UK institutions. £11.53 billion of Libyan frozen funds were reported to be held by UK businesses in OFSI’s 2020-21 Annual Review. This includes interest and other earnings accrued to frozen assets.</p><p> </p><p>As set out in UN Security Council Resolution 2009 (2011), a key aim of the Libya financial sanctions regime is “to ensure that assets frozen pursuant to resolutions 1970 (2011) and 1973 (2011) shall as soon as possible be made available to and for the benefit of the people of Libya”.</p><p>Until that time, HM Treasury may only license the release of frozen funds according to the derogations set out in the Libya sanctions regime regulations. The Annual Review includes information about licences granted by OFSI under financial sanctions regimes.</p><p> </p><p>Under the terms of the Libya financial sanctions regime, frozen assets continue to belong to the sanctioned entity or individual. However, the use of any frozen assets, or profits arising from those assets, is tightly constrained by the Libya financial sanctions regime.</p> answering member printed Viscount Younger of Leckie question first answered 25/01/2022 17:02:24 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	4216 label Biography information for Lord Empey

1144065

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Non-domestic Rates
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of (1) the effectiveness, and (2) the fairness of the current system of business rates; and what plans they have to change the current system.
	tabling member printed	Lord Allen of Kensington
	uin	HL17553
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>Business rates currently raise £25 billion per year in England, and are an important source of funding for key local services such as adult social care and children’s services.</p><p> </p><p>The Government concluded a fundamental review of business rates in 2016, and respondents agreed that property based taxes were easy to collect, difficult to avoid, relatively stable and clearly linked with local authority spending.</p><p> </p><p>In line with stakeholder responses, the Government therefore decided to keep business rates as a property tax.</p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:38:36 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4304 label Biography information for Lord Allen of Kensington

1144066

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Non-domestic Rates: Retail Trade
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to reduce the 25 per cent contribution that the retail sector currently makes to business rates receipts.
	tabling member printed	Lord Allen of Kensington
	uin	HL17554
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government has taken repeated action to reduce the burden of business rates for all ratepayers including retailers. The Government’s Plan for the High Street announced at Budget 2018 provides £1 billion of upfront support through a new retail discount, cutting retailers’ business rates bills by a third for two years from 1 April 2019 subject to eligibility.</p><p> </p><p>Reforms and reliefs announced since Budget 2016 are reducing business rates by more than £13 billion over the next five years. This includes switching from RPI to CPI indexation, increasing the threshold for the standard multiplier to £51,000 and doubling the threshold for Small Business Rate Relief, meaning 675,000 of the smallest businesses pay no business rates at all.</p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:40:28 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	4304 label Biography information for Lord Allen of Kensington

1144130

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Intellectual Property
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to publish the detailed implementation strategy that has been prepared, as a result of the Knowledge Assets Implementation Study, for ministers in (1) Her Majesty's Treasury, (2) the Department for Business, Energy and Industrial Strategy, and (3) the Cabinet Office.
	tabling member printed	Lord Freyberg
	uin	HL17618
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> answering member printed The Earl of Courtown grouped question UIN HL17619 HL17620 HL17621 HL17622 HL17623 question first answered 09/09/2019 15:37:27 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	2593 label Biography information for Lord Freyberg

1144131

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Intellectual Property
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government which department will host the centre of expertise providing advice and support on technical, legal, commercial and financial aspects of generating and exploiting knowledge assets, as proposed in the terms of reference of the Knowledge Assets Implementation Study; and how this centre will work with the proposed National Centre of Expertise to provide specialist advice and guidance to the NHS on agreements for the use of health data.
	tabling member printed	Lord Freyberg
	uin	HL17619
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> answering member printed The Earl of Courtown grouped question UIN HL17618 HL17620 HL17621 HL17622 HL17623 question first answered 09/09/2019 15:37:27 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	2593 label Biography information for Lord Freyberg

1144132

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Intellectual Property
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether, in seeking to develop new standards and approaches for measuring and reporting the value of knowledge assets in the public sector, they have taken account of the recent work of the Organisation for Economic Co-operation and Development's Working Parties on National Accounts and on International Trade in Goods and Services Statistics.
	tabling member printed	Lord Freyberg
	uin	HL17620
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> answering member printed The Earl of Courtown grouped question UIN HL17618 HL17619 HL17621 HL17622 HL17623 question first answered 09/09/2019 15:37:26 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	2593 label Biography information for Lord Freyberg

1144133

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Intellectual Property
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government which department will be responsible for the proposal to establish a central repository detailing Government knowledge asset holdings and their value, as set out in the terms of reference of the Knowledge Assets Implementation Study.
	tabling member printed	Lord Freyberg
	uin	HL17621
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> answering member printed The Earl of Courtown grouped question UIN HL17618 HL17619 HL17620 HL17622 HL17623 question first answered 09/09/2019 15:37:27 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	2593 label Biography information for Lord Freyberg

1144134

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Intellectual Property
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government which department will be responsible for the proposal to register intellectual property assets with the most commercial potential, as set out in the terms of reference of the Knowledge Assets Implementation Study; and what role they expect the National Audit Office to perform in ensuring best value of the use of such assets, for both individual data subjects and UK taxpayers.
	tabling member printed	Lord Freyberg
	uin	HL17622
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.</p><p> </p><p>The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.</p> answering member printed The Earl of Courtown grouped question UIN HL17618 HL17619 HL17620 HL17621 HL17623 question first answered 09/09/2019 15:37:27 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	2593 label Biography information for Lord Freyberg