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1043173

	registered interest
	date	17/01/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Alcoholic Drinks: Excise Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the change in alcohol consumption as a result of alcohol duty freezes and reductions since 2013.
	tabling member constituency	Enfield, Southgate
	tabling member printed	Bambos Charalambous
	uin	209901
	answer	answer is ministerial correction date of answer 24/01/2019 answer text <p>HMRC publishes a tax information and impact note (TIIN) on gov.uk explaining the impact of the policy change, each time alcohol duty rates are amended. The most recent TIIN published at Autumn Budget 2018 can be found here:</p><p><a href="https://www.gov.uk/government/publications/increase-in-alcohol-duty-rates/alcohol-duty-uprating" target="_blank">https://www.gov.uk/government/publications/increase-in-alcohol-duty-rates/alcohol-duty-uprating</a></p> answering member constituency Newark answering member printed Robert Jenrick question first answered 24/01/2019 15:21:20 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4610 label Biography information for Bambos Charalambous

1223898

	registered interest
	date	13/07/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts: Developing Countries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions he has had with his international counterparts on the merits of extending the Debt Service Suspension Initiative to include middle-income countries.
	tabling member constituency	Enfield, Southgate
	tabling member printed	Bambos Charalambous
	uin	73042
	answer	answer is ministerial correction date of answer 16/07/2020 answer text <p>Under the Debt Service Suspension Initiative, the G20 committed to suspend the debt repayments of the world’s poorest 77 countries. The G20 focused on these countries as they are particularly vulnerable to the economic pressures of the pandemic; and because G20 creditors have a larger share of these countries’ outstanding debt, as middle-income countries borrow much more from commercial markets. Given the more complex composition of many middle-income countries’ debt, and their access to capital markets, the G20 did not agree a blanket approach to respond to middle-income country debt vulnerabilities would be appropriate.</p><p> </p><p>In 2019 the IMF assessed that 45% of the total outstanding stock of international sovereign bonds by nominal principal amount are governed under English law.</p><p> </p><p>The G20 have called for private creditor participation in the DSSI on a voluntary basis. It is important that developing countries do not see their access to international capital markets become too costly or restricted as mobilising private finance will be essential for crisis recovery and long-term sustainable development. HM Government will continue to monitor implementation of the DSSI by private lenders under this voluntary framework closely, as it is important that all creditors work together to help enable countries especially vulnerable to the pandemic to protect their citizens and economies.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 73043 question first answered 16/07/2020 09:50:18 answering member 4051 label Biography information for John Glen
	tabling member	4610 label Biography information for Bambos Charalambous

1223899

	registered interest
	date	13/07/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Debts: Developing Countries
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the amount of international debt held by private creditors under English law; and what assessment he has made of the ability of UK creditors to sue developing countries for defaulting on debt repayments in English courts.
	tabling member constituency	Enfield, Southgate
	tabling member printed	Bambos Charalambous
	uin	73043
	answer	answer is ministerial correction date of answer 16/07/2020 answer text <p>Under the Debt Service Suspension Initiative, the G20 committed to suspend the debt repayments of the world’s poorest 77 countries. The G20 focused on these countries as they are particularly vulnerable to the economic pressures of the pandemic; and because G20 creditors have a larger share of these countries’ outstanding debt, as middle-income countries borrow much more from commercial markets. Given the more complex composition of many middle-income countries’ debt, and their access to capital markets, the G20 did not agree a blanket approach to respond to middle-income country debt vulnerabilities would be appropriate.</p><p> </p><p>In 2019 the IMF assessed that 45% of the total outstanding stock of international sovereign bonds by nominal principal amount are governed under English law.</p><p> </p><p>The G20 have called for private creditor participation in the DSSI on a voluntary basis. It is important that developing countries do not see their access to international capital markets become too costly or restricted as mobilising private finance will be essential for crisis recovery and long-term sustainable development. HM Government will continue to monitor implementation of the DSSI by private lenders under this voluntary framework closely, as it is important that all creditors work together to help enable countries especially vulnerable to the pandemic to protect their citizens and economies.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 73042 question first answered 16/07/2020 09:50:18 answering member 4051 label Biography information for John Glen
	tabling member	4610 label Biography information for Bambos Charalambous

1236244

	registered interest
	date	21/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Import Duties
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when new rules will be introduced to allow traders to apply for a Duty Deferment Account without a Customs Comprehensive Guarantee.
	tabling member constituency	Enfield, Southgate
	tabling member printed	Bambos Charalambous
	uin	92860
	answer	answer is ministerial correction date of answer 24/09/2020 answer text <p>To be approved for a Duty Deferment Account (DDA) under the current Union Customs Code (UCC) rules customers need to be authorised by HMRC to provide a Customs Comprehensive Guarantee (CCG). This approach will continue until the end of the Transition Period, after which the requirement for a CCG to underpin a DDA in Great Britain will be removed for most compliant and solvent businesses.</p><p> </p><p>The legislation to enable this change was laid in Parliament on 10 September. HMRC are developing a new application process for businesses wishing to use duty deferment in Great Britain at the end of the Transition Period. This is expected to be available by early November 2020.</p><p> </p><p>The existing UCC rules for guarantees will continue to apply to businesses using duty deferment in Northern Ireland.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 24/09/2020 15:57:04 answering member 3991 label Biography information for Jesse Norman
	tabling member	4610 label Biography information for Bambos Charalambous