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1256637

	registered interest
	date	30/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Sunscreens: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of reclassifying sunscreen products as essential healthcare items for VAT purposes.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	122902
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>Under the current VAT rules, sun protection products are subject to the standard rate of VAT. High-factor sunscreen is on the NHS prescription list for certain conditions and is provided VAT free when dispensed by a pharmacist.</p><p> </p><p>Expanding the scope of the current VAT relief would come at a considerable cost to the Exchequer. Therefore, while all taxes are kept under review, there are currently no plans to reduce VAT on sunscreen products.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 08/12/2020 12:08:55 answering member 3991 label Biography information for Jesse Norman
	tabling member	4786 label Biography information for Zarah Sultana

1257262

	registered interest
	date	01/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Repossession Orders: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking to help protect homeowners who have exhausted the six-month mortgage payment holiday from having their homes repossessed.
	tabling member constituency	Bolton South East
	tabling member printed	Yasmin Qureshi
	uin	123556
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>For borrowers that have already taken a full six months payment holiday and who continue to face ongoing financial difficulties, the FCA’s guidance sets out that firms should continue to provide support through tailored forbearance options. This could include granting new mortgage payment holidays. As part of this guidance any forbearance granted beyond six months of payment holidays will be reflected on the consumer’s credit file in the usual manner. As borrowers still requiring assistance after that point could be in serious financial distress the FCA believe it is right that lenders are able to understand their financial position in order to lend responsibly.</p><p> </p><p>We understand this remains an uncertain time, and to reassure homeowners the period that lenders cannot repossess homes for has been extended. The FCA’s guidance released on 17 <sup> </sup>November sets out that lenders cannot issue a warrant for repossession until after 31 January 2021.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/12/2020 12:22:10 answering member 4051 label Biography information for John Glen
	tabling member	3924 label Biography information for Yasmin Qureshi

1257141

	registered interest
	date	01/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will (a) extend financial support to those facing a recent increase in bank overdraft interest rates and (b) discourage banks from increasing their overdraft interest rates during the covid-19 outbreak.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	123655
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>In 2019, following the High-cost Credit Review, the Financial Conduct Authority (FCA) introduced changes to overdraft rules. These included mandating that firms cannot charge more for unarranged overdrafts than arranged overdrafts, banning fixed daily and monthly charges, and a package of measures to improve the transparency of pricing.</p><p> </p><p>Overall, these changes will make overdrafts simpler, fairer and easier to manage. FCA analysis from January this year found that 7 out of 10 overdraft users will be better off or see no change to their overdraft costs as a result of the changes. In instances where a firm identifies that a customer has a pattern of repeat overdraft use and may see increased fees on their borrowing, the new rules require firms to develop strategies to reduce harm to customers.</p><p> </p><p>In April 2020, in response to the Covid-19 pandemic, the FCA announced a series of temporary proposals to provide emergency support in response to the Covid-19 outbreak. On overdrafts, firms were expected to provide up to £500 interest free buffer for customers. Firms were also expected to make sure customers were not paying more for their overdraft than they were before the rule changes came into force. In July 2020, the FCA extended this guidance for those customers who have been impacted by Covid-19 for a further 3 months.</p><p> </p><p>In September 2020, the FCA announced proposals to ensure that firms provide tailored support for users of consumer credit and overdraft products who continue to face payment difficulties due to Covid-19. Where a customer needs further support, firms are expected to use measures such as reducing or waiving interest, agreeing a programme of staged reductions in the overdraft limit, or supporting customers to reduce their overdraft usage by transferring the debt. If any overdraft customer requires this further support then they should speak to their provider.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/12/2020 12:23:41 answering member 4051 label Biography information for John Glen
	tabling member	4518 label Biography information for Tulip Siddiq

1256621

	registered interest
	date	30/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking on the mis-selling of schemes now subject to the Loan Charge.
	tabling member constituency	Chipping Barnet
	tabling member printed	Theresa Villiers
	uin	122616
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>While the Government sympathises with anyone who believes they were misled into using a disguised remuneration (DR) scheme, it is an individual’s responsibility to ensure the accuracy of their tax return and to understand the consequences of their decisions.</p><p> </p><p>The Government and HMRC are determined to continue to tackle promoters of tax avoidance schemes. This includes challenging those who promote disguised remuneration loan schemes.</p><p> </p><p>In March 2020, HMRC published their strategy for tackling promoters of tax avoidance schemes. The strategy sets out HMRC’s work to date and outlines how HMRC will continue to take robust actions against promoters of tax avoidance.</p><p> </p><p>Last month HMRC launched the ‘Tax avoidance: don’t get caught out’ communications campaign. The campaign is targeted at contractors and encourages them to stop and take time to check what they are signing up for, challenge what they have been told by those selling the scheme, and protect themselves and public services by reporting schemes to HMRC.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 08/12/2020 12:10:49 answering member 3991 label Biography information for Jesse Norman
	tabling member	1500 label Biography information for Theresa Villiers

1258237

	registered interest
	date	03/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pension Wise
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to Q82 of the oral evidence taken before the Treasury Committee on 4 November 2020, HC950, what plans the Financial Conduct Authority has to set a target for take-up of Pensions Wise.
	tabling member constituency	East Ham
	tabling member printed	Stephen Timms
	uin	124647
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the right honourable Gentleman’s question by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/12/2020 14:08:46 answering member 4051 label Biography information for John Glen
	tabling member	163 label Biography information for Sir Stephen Timms

1256738

	registered interest
	date	30/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax: Foreign Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect on revenue accruing to the public purse of setting the Stamp Duty Land Tax non-UK resident surcharge at (a) 3 per cent and (b) 5 per cent; and if he will make a statement.
	tabling member constituency	Mitcham and Morden
	tabling member printed	Siobhain McDonagh
	uin	122554
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>The new rates of Stamp Duty Land Tax for non-UK resident purchasers of residential property in England and Northern Ireland are set to be 2% higher than the rates applying to UK-resident purchasers. The expected revenue will be used to tackle rough sleeping and is set out on page 35 of the “Policy Costings” document published alongside the Red Book at Budget 2020.</p><p> </p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/871948/Budget_2020_policy_costings.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/871948/Budget_2020_policy_costings.pdf</a></p><p> </p><p>No assessment has been made of the effect of a 3% or 5% Stamp Duty Land Tax non-UK resident surcharge.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 122555 question first answered 08/12/2020 12:07:16 answering member 3991 label Biography information for Jesse Norman
	tabling member	193 label Biography information for Dame Siobhain McDonagh

1256739

	registered interest
	date	30/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax: Foreign Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect on (a) revenue accruing to the public purse for (i) projects to tackle rough sleeping and (ii) other projects and (b) house price inflation of reducing the Stamp Duty Land Tax non-UK resident surcharge from 3 per cent to 2 per cent.
	tabling member constituency	Mitcham and Morden
	tabling member printed	Siobhain McDonagh
	uin	122555
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>The new rates of Stamp Duty Land Tax for non-UK resident purchasers of residential property in England and Northern Ireland are set to be 2% higher than the rates applying to UK-resident purchasers. The expected revenue will be used to tackle rough sleeping and is set out on page 35 of the “Policy Costings” document published alongside the Red Book at Budget 2020.</p><p> </p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/871948/Budget_2020_policy_costings.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/871948/Budget_2020_policy_costings.pdf</a></p><p> </p><p>No assessment has been made of the effect of a 3% or 5% Stamp Duty Land Tax non-UK resident surcharge.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 122554 question first answered 08/12/2020 12:07:17 answering member 3991 label Biography information for Jesse Norman
	tabling member	193 label Biography information for Dame Siobhain McDonagh

1256740

	registered interest
	date	30/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax: Foreign Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the new Stamp Duty Land Tax non-UK resident surcharge due to come into force in April 2021 can be avoided by being resident in the UK on at least 183 days.
	tabling member constituency	Mitcham and Morden
	tabling member printed	Siobhain McDonagh
	uin	122556
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>At the March Budget, the Government confirmed its intention to introduce a 2% SDLT surcharge on non-UK residents purchasing residential property in England and Northern Ireland from 1 April 2021.</p><p> </p><p>After a public consultation, which took place between February and May 2019, the Government decided that an individual will be UK resident for the purposes of the surcharge where they are present in the UK for at least 183 days during any continuous 365-day period beginning 12 months before a transaction and ending 12 months after. A refund of the surcharge will be available only if individuals spend 183 days in the UK over the relevant period.</p><p> </p><p>HMRC will publish guidance for taxpayers and agents in advance of the surcharge coming into effect. This guidance will include the information taxpayers and agents will be able to use to demonstrate their residence status.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 122557 122558 question first answered 08/12/2020 12:03:49 answering member 3991 label Biography information for Jesse Norman
	tabling member	193 label Biography information for Dame Siobhain McDonagh

1256741

	registered interest
	date	30/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax: Foreign Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of adopting the Association of Accounting Technicians proposal to extend the residency requirements for the Stamp Duty Land Tax non-UK resident surcharge from 183 days to those of the residency requirements for (a) British Citizenship, five years and (b) the husband, wife or civil partner of a British citizen, three years.
	tabling member constituency	Mitcham and Morden
	tabling member printed	Siobhain McDonagh
	uin	122557
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>At the March Budget, the Government confirmed its intention to introduce a 2% SDLT surcharge on non-UK residents purchasing residential property in England and Northern Ireland from 1 April 2021.</p><p> </p><p>After a public consultation, which took place between February and May 2019, the Government decided that an individual will be UK resident for the purposes of the surcharge where they are present in the UK for at least 183 days during any continuous 365-day period beginning 12 months before a transaction and ending 12 months after. A refund of the surcharge will be available only if individuals spend 183 days in the UK over the relevant period.</p><p> </p><p>HMRC will publish guidance for taxpayers and agents in advance of the surcharge coming into effect. This guidance will include the information taxpayers and agents will be able to use to demonstrate their residence status.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 122556 122558 question first answered 08/12/2020 12:03:49 answering member 3991 label Biography information for Jesse Norman
	tabling member	193 label Biography information for Dame Siobhain McDonagh

1256743

	registered interest
	date	30/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax: Foreign Nationals
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he plans to take in relation to the new Stamp Duty Land Tax non-UK resident surcharge to ensure that overseas buyers are not refunded a surcharge when they state only that they intend to live in the UK for 183 days after purchasing property; and if he will make a statement.
	tabling member constituency	Mitcham and Morden
	tabling member printed	Siobhain McDonagh
	uin	122558
	answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>At the March Budget, the Government confirmed its intention to introduce a 2% SDLT surcharge on non-UK residents purchasing residential property in England and Northern Ireland from 1 April 2021.</p><p> </p><p>After a public consultation, which took place between February and May 2019, the Government decided that an individual will be UK resident for the purposes of the surcharge where they are present in the UK for at least 183 days during any continuous 365-day period beginning 12 months before a transaction and ending 12 months after. A refund of the surcharge will be available only if individuals spend 183 days in the UK over the relevant period.</p><p> </p><p>HMRC will publish guidance for taxpayers and agents in advance of the surcharge coming into effect. This guidance will include the information taxpayers and agents will be able to use to demonstrate their residence status.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 122556 122557 question first answered 08/12/2020 12:03:49 answering member 3991 label Biography information for Jesse Norman
	tabling member	193 label Biography information for Dame Siobhain McDonagh