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834762
star this property registered interest false more like this
star this property date less than 2018-02-01more like thismore than 2018-02-01
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Football: Taxation more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of trends in the level of tax that professional football clubs have paid on player transfers in each of the last five years. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 126184 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-02-09more like thismore than 2018-02-09
star this property answer text <p>The information requested cannot be provided as it is not collated centrally by HMRC. Football transfer fees are subject to VAT according to the normal rules. Any profits made by football clubs are subject to Corporation Tax in the usual way. Payments made to players as part of their transfer, such as signing-on fees, are taxable as earnings.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2018-02-09T14:01:28.48Zmore like thismore than 2018-02-09T14:01:28.48Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes remove filter
845722
star this property registered interest false more like this
star this property date less than 2018-02-20more like thismore than 2018-02-20
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Taxation: Cryptocurrencies more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential benefits of using blockchain for (a) the tax system and (b) the customs and excise system; and if he will make a statement. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 128694 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-02-28more like thismore than 2018-02-28
star this property answer text <p>HM Revenue and Customs are considering the use of blockchain alongside other technical options for both tax and customs and excise systems.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2018-02-28T12:57:34.727Zmore like thismore than 2018-02-28T12:57:34.727Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes remove filter
804333
star this property registered interest false more like this
star this property date less than 2017-12-11more like thismore than 2017-12-11
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Cryptocurrencies more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what holdings of Bitcoin and other crypto-currencies are held by the Government. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 118575 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-12-19more like thismore than 2017-12-19
star this property answer text <p>HM Treasury does not have any holdings of Bitcoin or other crypto-currencies. HM Treasury and the Bank of England publish details of the UK’s current international reserves, including foreign currency assets, on a monthly basis.</p> more like this
star this property answering member constituency Harrogate and Knaresborough more like this
star this property answering member printed Andrew Jones more like this
star this property question first answered
less than 2017-12-19T14:01:00.667Zmore like thismore than 2017-12-19T14:01:00.667Z
star this property answering member
3996
star this property label Biography information for Andrew Jones more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes remove filter
804334
star this property registered interest false more like this
star this property date less than 2017-12-11more like thismore than 2017-12-11
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Cryptocurrencies more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department has been made of the risks to the UK economy of the potential failure of Bitcoin and other crypto-currencies. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 118577 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-12-19more like thismore than 2017-12-19
star this property answer text <p>The independent Financial Policy Committee (FPC), established by the Government, aims to ensure the UK financial system is resilient to, and prepared for, the wide range of risks it could face — so that the system could support the real economy, even in difficult conditions.</p><p> </p><p>The Bank of England continues to monitor developments, and provided its latest assessment of the risks to financial stability in the Financial Stability Report, published in November 2017.</p><p> </p><p>In addition, the Financial Conduct Authority (FCA) has stated that it will continue to monitor distributed ledger technology (DLT)-related market developments, working collaboratively with industry, HM Treasury, the Bank of England, the Information Commissioner’s Office, and other UK bodies to ensure a coordinated approach towards DLT in the UK.</p> more like this
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property question first answered
less than 2017-12-19T15:36:16.863Zmore like thismore than 2017-12-19T15:36:16.863Z
star this property answering member
4095
star this property label Biography information for Stephen Barclay more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes remove filter
804335
star this property registered interest false more like this
star this property date less than 2017-12-11more like thismore than 2017-12-11
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Cryptocurrencies more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department has been made of the value to the UK economy of Bitcoin and other cryptocurrencies. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 118579 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-12-19more like thismore than 2017-12-19
star this property answer text <p>The government has not made any formal assessment of the value to the UK of Bitcoin or other cryptocurrencies.</p><p> </p><p>The government is currently negotiating amendments to the European Anti-Money Laundering Directive which will extend regulation to virtual currency exchange platforms and custodian wallet providers. These amendments will enable competent authorities to ensure these firms are mitigating the risks regarding money laundering and terrorist financing, and enable the legitimate sector to grow. We expect these negotiations to conclude at EU level by early 2018, with a year for Member States to then implement the Directive.</p> more like this
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property grouped question UIN 118581 more like this
star this property question first answered
less than 2017-12-19T14:05:17.2Zmore like thismore than 2017-12-19T14:05:17.2Z
star this property answering member
4095
star this property label Biography information for Stephen Barclay more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes remove filter
804336
star this property registered interest false more like this
star this property date less than 2017-12-11more like thismore than 2017-12-11
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Cryptocurrencies: Regulation more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what plans his Department has to regulate the use of cryptocurrencies in the UK. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 118581 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-12-19more like thismore than 2017-12-19
star this property answer text <p>The government has not made any formal assessment of the value to the UK of Bitcoin or other cryptocurrencies.</p><p> </p><p>The government is currently negotiating amendments to the European Anti-Money Laundering Directive which will extend regulation to virtual currency exchange platforms and custodian wallet providers. These amendments will enable competent authorities to ensure these firms are mitigating the risks regarding money laundering and terrorist financing, and enable the legitimate sector to grow. We expect these negotiations to conclude at EU level by early 2018, with a year for Member States to then implement the Directive.</p> more like this
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property grouped question UIN 118579 more like this
star this property question first answered
less than 2017-12-19T14:05:17.263Zmore like thismore than 2017-12-19T14:05:17.263Z
star this property answering member
4095
star this property label Biography information for Stephen Barclay more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes remove filter
843877
star this property registered interest false more like this
star this property date less than 2018-02-19more like thismore than 2018-02-19
star this property answering body
HM Treasury remove filter
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Customs: Distributed Ledger Technology more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the merits of using distributed ledger technology for any new customs system after the UK leaves the EU. more like this
star this property tabling member constituency Walsall North more like this
star this property tabling member printed
Eddie Hughes more like this
star this property uin 128296 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-02-27more like thismore than 2018-02-27
star this property answer text <p>HMRC are actively considering the use of distributed ledger technologies alongside other technical options for both tax and the Customs and Excise systems. The department is currently running a proof of concept exercise in support of one of their Customs initiatives and will provide further updates as this work progresses.</p> more like this
star this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2018-02-27T14:37:02.767Zmore like thismore than 2018-02-27T14:37:02.767Z
star this property answering member
4097
star this property label Biography information for Elizabeth Truss more like this
star this property tabling member
4635
unstar this property label Biography information for Eddie Hughes remove filter