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1506535

	registered interest
	date	20/09/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Royal Mint: Non-fungible Tokens
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to his Department's announcement entitled Government sets out plan to make UK a global cryptoasset technology hub, published on 4 April 2022, what recent progress his Department has made on working with the Royal Mint to create a non-fungible token.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	51454
	answer	answer is ministerial correction date of answer 23/09/2022 answer text <p>The government can confirm that discussions with the Royal Mint on the creation of a non-fungible token are ongoing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 23/09/2022 05:18:06 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1400 label Biography information for Kevin Brennan

1490392

	registered interest
	date	18/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cryptocurrencies: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent discussions he has had with (a) the Secretary of State for Digital, Culture, Media and Sport, (b) the Gambling Commission and (c) the Financial Conduct Authority on the regulation of crypto-based products and services.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	38529
	answer	answer is ministerial correction date of answer 22/07/2022 answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>The Cryptoasset Taskforce, comprising HM Treasury, the Bank of England, the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR), continues to monitor ongoing development in cryptoasset markets, and is taking forward a range of regulatory measures to mitigate market integrity risks, protect consumers and support innovation in the cryptoasset market.</p><p> </p><p>Since January 2020, cryptoasset firms operating in the UK have been subject to the Money Laundering Regulations. To protect consumers, on 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that exist in the financial services industry. Additionally, on the 20 July, the government introduced the Financial Services and Markets Bill, which includes a measure allowing HM Treasury to bring stablecoins, where used as a means of payment, within the UK regulatory perimeter.</p><p> </p><p>The government has committed to consult later this year on the broader regulation of cryptoassets.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 22/07/2022 08:46:12 answering member 3912 label Biography information for Richard Fuller
	tabling member	1400 label Biography information for Kevin Brennan

1415948

	registered interest
	date	24/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Treasury: Public Appointments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department seeks references for candidates appointed to public positions which fall under the remit of the Commissioner for Public Appointments.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	110259
	answer	answer is ministerial correction date of answer 27/01/2022 answer text <p>All regulated public appointments are made in line with the process and principles set out in the Governance Code on Public Appointments and regulated by an independent Commissioner.</p><p> </p><p>Due diligence inquiries are carried out, and references requested where appropriate during the recruitment process. Some of Treasury’s Public appointment roles are also subject to scrutiny by the Treasury Committee.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 27/01/2022 16:03:49 answering member 4527 label Biography information for Helen Whately
	tabling member	1400 label Biography information for Kevin Brennan

1363435

	registered interest
	date	26/10/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Music Venues: Business Rates
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of removing business rates for live music venues.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	63658
	answer	answer is ministerial correction date of answer 29/10/2021 answer text <p>At Autumn Budget 2021, the Government announced a new temporary relief worth almost £1.7 billion for eligible retail, hospitality, and leisure businesses in England to support local high streets as they adapt and recover. Eligible properties, which will be confirmed in guidance shortly, will receive up to 50 per cent off their rates bill, subject to a £110,000 cash cap per business. This builds on over £16 billion of support already provided to these high street sectors during the pandemic.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 29/10/2021 12:55:20 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1400 label Biography information for Kevin Brennan

1363436

	registered interest
	date	26/10/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tickets: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of extending the 5 per cent rate of VAT on ticket sales for a further three years.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	63659
	answer	answer is ministerial correction date of answer 29/10/2021 answer text <p>The temporary reduced rate of VAT was introduced on 15 July 2020 to support the cash flow and viability of around 150,000 businesses and protect over 2.4 million jobs in the hospitality and tourism sectors. As announced at Spring Budget 2021, the Government has extended the temporary reduced 5 per cent rate of VAT for the tourism and hospitality sectors. This relief ended on 30 September 2021. On 1 October 2021, a new reduced rate of 12.5 per cent was introduced to help ease affected businesses back to the standard rate. This new rate will end on 31 March 2022.</p><p> </p><p>This relief has previously been costed at over £7 billion, but the latest forecast means it may now cost over £8 billion. Whilst all taxes are kept under review, there are no plans to extend this relief. The Government has been clear that this relief is a temporary measure designed to support the sectors that have been severely affected by COVID-19. It is appropriate that as restrictions are lifted and demand for goods and services in these sectors increases, the temporary tax reliefs are first reduced and then removed to rebuild and strengthen the public finances.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 29/10/2021 12:53:17 answering member 4517 label Biography information for Lucy Frazer
	tabling member	1400 label Biography information for Kevin Brennan

1308448

	registered interest
	date	13/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Music: SME Brexit Support Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether small and medium sized enterprises trading in the music industry are eligible to apply for the SME Brexit Support Fund.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	180414
	answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>Small and medium-sized enterprises that were trading with the EU prior to 1 January are eligible for the SME Brexit Support Fund if they were only trading with the EU and therefore need to adjust to new customs, rules of origin, and VAT rules.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 19/04/2021 14:38:16 answering member 3991 label Biography information for Jesse Norman
	tabling member	1400 label Biography information for Kevin Brennan

1308449

	registered interest
	date	13/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	SME Brexit Support Fund
	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 benefits to businesses of the SME Brexit Support Fund.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	180415
	answer	answer is ministerial correction date of answer 21/04/2021 answer text <p>The £20 million SME Brexit fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes. It allows smaller businesses to apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. Small and medium-sized enterprises can also use this money to seek professional advice in these areas.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 21/04/2021 13:51:50 answering member 3991 label Biography information for Jesse Norman
	tabling member	1400 label Biography information for Kevin Brennan

1308674

	registered interest
	date	13/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 13 April 2021 to Question 174736, on Members: Correspondence, how many of the 26,709 responses to written correspondence from Members of Parliament were responded to by (a) Ministers and (b) officials.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	180418
	answer	answer is ministerial correction date of answer 19/04/2021 answer text <p>It is not possible to provide the breakdown the Member has requested.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 19/04/2021 11:43:42 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	1400 label Biography information for Kevin Brennan

1305610

	registered interest
	date	24/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Members: Correspondence
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many items of written correspondence from Members of Parliament Treasury Ministers have (a) received and (b) replied to since April 1 2020.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	174736
	answer	answer is ministerial correction date of answer 13/04/2021 answer text <p>Members of Parliament have written to HM Treasury 36,791 times between 1 April 2020 and 24 March 2021. This represents a sharp increase on 2019, whereby Members of Parliament wrote to HM Treasury 7,386 times.</p><p> </p><p>Of the 36,791 pieces of written correspondence, 26,709 have been responded to and 6,584 have been transferred to other Government departments to answer. The remaining pieces of correspondence are ongoing or required no response.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 13/04/2021 07:22:06 answering member 4597 label Biography information for Kemi Badenoch
	tabling member	1400 label Biography information for Kevin Brennan

1287506

	registered interest
	date	19/02/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Coronavirus Job Retention Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what representations he has received on extending the Coronavirus Job Retention Scheme beyond 30 April 2021.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	154800
	answer	answer is ministerial correction date of answer 24/02/2021 answer text <p>The Government has provided a comprehensive economic response that is one of the most generous globally, including very substantial steps to protect jobs. The Coronavirus Job Retention Scheme (CJRS) has helped to pay the wages of people in 9.9 million jobs across the country, providing £46.4bn worth of support as of 13 December. The Self-Employment Income Support Scheme (SEISS) has received claims from 2.7 million self-employed workers, amounting to £13.7bn as of 13 December.</p><p>The Government will set out the next phase of the plan to tackle the virus and support jobs at Budget 2021.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 154578 154587 155385 question first answered 24/02/2021 15:32:35 answering member 3991 label Biography information for Jesse Norman
	tabling member	1400 label Biography information for Kevin Brennan