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1125502

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Evasion
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what estimate they have made of the cost to HM Treasury of "cum-ex" tax fraud since 2012; and whether there have been any related prosecutions.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL15597
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>“Cum-ex” tax fraud exploits rules which impose withholding tax (WHT) on dividend payments. The UK does not apply WHT to dividend payments; there is no direct UK tax impact on banks, other taxpayers or HM Treasury.</p> answering member printed Lord Young of Cookham grouped question UIN HL15598 question first answered 21/05/2019 14:12:33 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1125503

	registered interest
	date	08/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Evasion
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the impact of "cum-ex" tax fraud on (1) banks, (2) taxpayers, and (3) HM Treasury.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL15598
	answer	answer is ministerial correction date of answer 21/05/2019 answer text <p>“Cum-ex” tax fraud exploits rules which impose withholding tax (WHT) on dividend payments. The UK does not apply WHT to dividend payments; there is no direct UK tax impact on banks, other taxpayers or HM Treasury.</p> answering member printed Lord Young of Cookham grouped question UIN HL15597 question first answered 21/05/2019 14:12:33 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1138559

	registered interest
	date	11/07/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Tax Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the implications of recent changes to the Lifetime Allowance for pension benefits for those in (1) the legal profession, (2) the medical profession, and (3) other professions; and of the case for reviewing those changes.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL17117
	answer	answer is ministerial correction date of answer 18/07/2019 answer text <p>Pensions tax relief is one of the most expensive reliefs in the personal tax system. In 2017/18 income tax and employer National Insurance Contributions relief cost over £50 billion, with around two-thirds going to higher and additional rate taxpayers. As confirmed at Autumn Budget 2017, from April 2018 the lifetime allowance will increase in line with CPI, in order that the value of this benefit is able to keep pace with inflation. This means from April 2019 the lifetime allowance has risen to £1,055,000.</p><p> </p><p>The same tax rules must apply identically to everyone in the same situation, regardless of their employer.</p><p> </p><p>However, across all public service workforces the Government looks at remuneration in the round and takes action when required to ensure delivery of world class public services. Where there is evidence that the delivery of services is being impacted, the Government takes appropriate action to address this, in line with our principles for pay and pensions policy. This is why we have introduced a temporary, taxable, Recruitment and Retention allowance for a small section of the judiciary, and will shortly bring forward a consultation on a new 50:50 pensions flexibility for senior clinicians in the NHS pension scheme.</p><p> </p><p>All aspects of the tax system are kept under review and are subject to change through the annual Budget, in the context of the wider public finances. Any future changes to the tax system will be announced through this process.</p><p> </p> answering member printed Lord Young of Cookham question first answered 18/07/2019 11:12:10 answering member 57 label Biography information for Lord Young of Cookham
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1185136

	registered interest
	date	16/03/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business: Insurance
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to ensure that commercial businesses seeking insurance payouts for cancellations or closures due to COVID-19 are covered.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL2638
	answer	answer is ministerial correction date of answer 26/03/2020 answer text <p>The Chancellor has made clear that, for those businesses which have an appropriate policy that covers pandemics, government’s medical advice of 16 March is sufficient to allow businesses to make a claim against their insurance, provided the other terms and conditions in their policy are met.</p><p> </p><p>In addition, the FCA’s rules require insurers to handle claims fairly and promptly; provide reasonable guidance to help a policyholder make a claim, and appropriate information on its progress; not reject a claim unreasonably; and settle claims promptly once settlement terms are agreed.</p><p> </p><p>However, most businesses have not purchased insurance that covers pandemic related losses. As such, any affected businesses should note the government’s full package of support.</p><p> </p><p>The Government is in continual dialogue with the insurance sector about its contribution to handling this unprecedented situation.</p> answering member printed Lord Agnew of Oulton grouped question UIN HL2623 question first answered 26/03/2020 16:41:47 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1187350

	registered interest
	date	23/03/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Business Rates: Coronavirus
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government why (1) betting shops, (2) bingo halls, and (3) casinos, were excluded from the business rate holiday; and what plans they have to extend such businesses the same relief as granted to other retail and leisure businesses.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL2812
	answer	answer is ministerial correction date of answer 06/04/2020 answer text <p>The Government has set out a package of measures to support businesses through this period of disruption caused by COVID-19.</p><p> </p><p>The Chancellor previously announced a 100% rates holiday for eligible retail, hospitality and leisure properties in 2020-21. On 25 March the Government went further and removed some of the exclusions for this relief, so that eligible retail, leisure, and hospitality properties that will have to close as a result of the measures announced by the Prime Minister in his statement of the 23 March, will now be eligible for the relief.</p><p> </p><p>Support is also available to those not eligible for business rates relief. This includes the Coronavirus Business Interruption Loan Scheme for small and medium-sized businesses, a statutory sick pay relief package, the HMRC Time To Pay Scheme, the Coronavirus Job Retention Scheme to help firms continue to keep people in employment, and a new lending facility from the Bank of England for larger firms.</p> answering member printed Lord Agnew of Oulton question first answered 06/04/2020 15:39:02 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1250563

	registered interest
	date	10/11/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Government Securities: Environment Protection
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to use green gilts to promote (1) waste recovery, and (2) energy generation from waste.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL10178
	answer	answer is ministerial correction date of answer 24/11/2020 answer text <p>On Monday 9 November, The Chancellor of the Exchequer announced the UK’s intention is issue its inaugural Sovereign Green Bond (SGB), subject to market conditions, in 2021.</p><p> </p><p>Further details on timings and other aspects of the policy, such as the issuance framework, which will set out the projects that the SGB will help to finance, will be provided in due course.</p><p> </p><p>While it is possible that government expenditures on projects relating to waste recovery and energy generation from waste could be financed with the proceeds of the SGB, such decisions will be made in the coming months following discussions with other government departments, structuring advisors and other stakeholders. The government will provide updates as appropriate.</p><p> </p><p>The government is already taking powers in the Environment Bill to implement Extended Producer Responsibility (EPR) schemes which promote waste recovery. These require producers to fund the end of life costs of their products and can deliver higher collection, recycling and recovery rates.</p><p> </p><p>In addition, the Landfill Tax was introduced in 1996 with the aim of diverting waste away from landfill to more environmentally friendly alternatives, such as Energy from Waste. It has been hugely successful in achieving this aim alongside other waste policy – since 2000, Local Authority waste sent to landfill in England has fallen by 87%.</p> answering member printed Lord Agnew of Oulton question first answered 24/11/2020 15:21:33 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1257883

	registered interest
	date	02/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Duty Free Allowances
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what estimate they have made of the economic impact of the loss of duty-free sales on (1) Belfast International Airport, (2) Stansted Airport, (3) Manchester Airport, and (4) Newcastle Airport.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL11037
	answer	answer is ministerial correction date of answer 17/12/2020 answer text <p>Ahead of the end of the transition period, the Government has announced the excise duty treatment of goods purchased by individuals for personal use and carried in their luggage arriving from or going overseas (passengers). The following rules will apply from 1 January 2021:</p><p>- Passengers travelling from Great Britain to any destination outside the United Kingdom (UK) will be able to purchase duty-free excise goods once they have passed security controls at ports, airports, and international rail stations.</p><p>- Personal allowances will apply to passengers entering Great Britain from a destination outside of the UK, with alcohol allowances significantly increased.</p><p> </p><p>The Government published a consultation which ran from 11 March to 20 May. During this time the Government held a number of virtual meetings with stakeholders to hear their views and received 73 responses to the consultation. The Government is also continuing to meet and discuss with stakeholders following the announcement of these policies.</p><p> </p><p>The detailed rationale for these changes are included in the written ministerial statement and summary of responses to the recent consultation: <a href="https://questions-statements.parliament.uk/written-statements/detail/2020-09-11/hcws448" target="_blank">https://questions-statements.parliament.uk/written-statements/detail/2020-09-11/hcws448</a> and <a href="https://www.gov.uk/government/consultations/a-consultation-on-duty-free-and-tax-free-goods-carried-by-passengers" target="_blank">https://www.gov.uk/government/consultations/a-consultation-on-duty-free-and-tax-free-goods-carried-by-passengers</a>. A technical note has also been issued to stakeholders to expand on this document and to respond to issues raised by stakeholders.</p><p> </p><p>On 25 November the independent Office for Budget Responsibility (OBR) set out their assessment of the fiscal impact of the withdrawal of the tax-free airside sales. The OBR estimate that the withdrawal will raise approximately £170 million per year for the Exchequer, after behavioural responses are taken into account and passenger numbers recover from the impacts of COVID-19.</p><p> </p><p>The Government recognises the challenges the aviation sector is facing as it recovers from the impacts of Covid-19 and has supported the sector throughout the pandemic, and continues to do so, including schemes to raise capital, flexibilities with tax bills, and financial support for employees.</p> answering member printed Lord Agnew of Oulton question first answered 17/12/2020 13:42:31 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1282240

	registered interest
	date	01/02/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stock Market: Regulation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to review regulations relatig to short selling  to ensure that any such regulations are fit for purpose.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL12825
	answer	answer is ministerial correction date of answer 15/02/2021 answer text <p>The government works closely with the regulators and market participants to monitor the effectiveness of the regulatory regime, in line with the government’s objectives of supporting economic growth and financial stability.</p><p> </p><p>The UK’s Short Selling Regime, introduced in 2012, regulates short selling practices while safeguarding companies and the financial system.</p><p> </p><p>Among other things, it requires persons to report their short positions in companies whose shares are admitted to trading on UK trading venues, and provides the Financial Conduct Authority (FCA) with powers to request information from persons on their short selling activities, to apply penalties to persons who do not meet their regulatory obligations under the short selling regime, and to restrict the short selling of certain instruments in certain circumstances.</p><p> </p><p>In particular, the FCA can temporarily restrict short selling when the price of an instrument has fallen significantly during a single trading day in relation to the closing price of that instrument on the previous trading day, and can restrict short selling for a period of up to three months when there are adverse events or developments which are a serious threat to financial stability or to market confidence in the UK.</p><p> </p><p>It is the Government’s position that this regime is working as intended, providing the necessary safeguards to allow the operation of a fair and effective market. Therefore, we see no need to conduct a full review of this legislation at this time.</p> answering member printed Lord Agnew of Oulton question first answered 15/02/2021 14:18:43 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1419755

	registered interest
	date	03/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Energy Bills Rebate: Repayments
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they will take to repay the rebate announced to help alleviate household energy bills; and what assessment they have made of the impact on households as a result of such repayment.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL5935
	answer	answer is ministerial correction date of answer 10/02/2022 answer text <p>In recognition of the increase in energy costs and the impact this will have on households, the Government is providing significant financial support – up to £350 – to the majority of households. One element of this is a £200 discount for households delivered via their energy bill this autumn.</p><p> </p><p>We expect households will pay back the discount from 2023 – when energy prices are expected to be lower - through an increase to standing charges on their bills of around £40 per annum over five years.</p><p> </p><p>This approach is fiscally responsible while also helping customers manage the unprecedented increase in energy bills by spreading the increased costs of global prices over time. The policy will provide a significant discount to bills this year whilst gas prices are at historic highs.</p><p> </p><p>The government will explore this issue through a public consultation run by the Department for Business Energy and Industrial Strategy (BEIS) in the spring.</p><p> </p><p>This policy is on top of wider support available for vulnerable households, elderly and low-income people this winter. These schemes include the Warm Home Discount, which is being expanded to 3m people and increased to £150, up to £300 Winter Fuel Payment for all households with at least one member above State Pension age and a £25 per week Cold Weather Payment. These measures will help ensure those most vulnerable are better able to heat their homes over the winter.</p><p> </p><p>There is also our £500m Household Support Fund which will help vulnerable households, including pensioners, with the costs of essentials this winter – local authorities will ensure it reaches those who need it most, and 50% of the funding is ringfenced for households with children.</p><p> </p><p>In addition to these measures, we’re also providing £3bn over this Parliament to help more than half a million lower income homes become more energy efficient, saving them £290 per year on average.</p> answering member printed Baroness Penn question first answered 10/02/2022 16:47:33 answering member 4726 label Biography information for Baroness Penn
	tabling member	384 label Biography information for Baroness McIntosh of Pickering

1419756

	registered interest
	date	03/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Energy: Prices
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what long-term arrangements they will put in place to assist (1) low-income households, and (2) pensioners on fixed incomes, to alleviate their domestic energy costs.
	tabling member printed	Baroness McIntosh of Pickering
	uin	HL5936
	answer	answer is ministerial correction date of answer 10/02/2022 answer text <p>The Government recognises many households will need support to help deal with the rising cost of energy prices. Therefore, we are providing support worth £9.1bn in 2022-23 composed of:</p><ul><li>A £200 discount for households delivered via their energy bill this autumn, paid back automatically over the next 5 years, spreading the increased costs of global prices over time in a way that is more manageable for households.</li><li>A £150 non-repayable cash rebate to 80% of households to help with rising costs now, delivered as a payment from government to Local Authorities, for implementation from this April via a payment to all households in Council Tax Bands A-D.</li><li>£144 million of discretionary funding for Local Authorities to support households who need support but are not eligible for the Council Tax reduction.</li></ul><p> </p><p>There is also our £500m Household Support Fund which will help vulnerable households, including pensioners, with the costs of essentials this winter – local authorities will ensure it reaches those who need it most, and 50% of the funding is ringfenced for households with children.</p><p> </p><p>This is on top of wider support available for vulnerable households, elderly and low-income people this winter. These schemes include the Warm Home Discount, which is being expanded to 3m people and increased to £150, up to £300 Winter Fuel Payment for all households with at least one member above State Pension age and a £25 per week Cold Weather Payment. These measures will help ensure those most vulnerable are better able to heat their homes over the winter.</p><p> </p><p>In addition to these measures, we’re also providing £3bn over this Parliament to help more than half a million lower income homes become more energy efficient, saving them £290 per year on average.</p><p> </p><p>In the longer term, the Government will look to reduce our reliance on global gas prices by moving to a cleaner, more resilient energy system and improve energy efficiency to help keep bills down.</p> answering member printed Baroness Penn question first answered 10/02/2022 16:43:47 answering member 4726 label Biography information for Baroness Penn
	tabling member	384 label Biography information for Baroness McIntosh of Pickering