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809064

	registered interest
	date	18/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Payments: EU Law
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, for what reasons the Financial Conduct Authority uses a different definition of Account In formation service Providers to that (a) defined by his Department in the Payment Services Regulations 2017 and (b) set out in the Second Payment Services Directive.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	120173
	answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Financial Conduct Authority uses the definition of account information service providers that is set out in the Payment Services Regulations. The Regulations transpose Payment Services Directive 2 (PSD2) into UK law.</p><p> </p><p>Any difference in language between the definition in the Regulations and the definition in PSD2 is due to providing additional clarity on the meaning of Account Information Service Providers. The additional clarity provided by the definition set out in the Regulations is informed by the relevant recitals contained within PSD2.</p><p> </p><p>As an EU Directive does not have direct effect, EU member states must transpose this into their national legislation. It is normal for certain differences to exist in the legislation which transposes the directive.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 120187 question first answered 21/12/2017 10:48:14 answering member 4095 label Biography information for Steve Barclay
	tabling member	4124 label Biography information for Chi Onwurah

809078

	registered interest
	date	18/12/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Financial Services: Disclosure of Information
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, for what reasons the Financial Conduct Authority uses a different definition of Account Information Service Providers to that used in other EU member states.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	120187
	answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>The Financial Conduct Authority uses the definition of account information service providers that is set out in the Payment Services Regulations. The Regulations transpose Payment Services Directive 2 (PSD2) into UK law.</p><p> </p><p>Any difference in language between the definition in the Regulations and the definition in PSD2 is due to providing additional clarity on the meaning of Account Information Service Providers. The additional clarity provided by the definition set out in the Regulations is informed by the relevant recitals contained within PSD2.</p><p> </p><p>As an EU Directive does not have direct effect, EU member states must transpose this into their national legislation. It is normal for certain differences to exist in the legislation which transposes the directive.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 120173 question first answered 21/12/2017 10:48:14 answering member 4095 label Biography information for Steve Barclay
	tabling member	4124 label Biography information for Chi Onwurah

659465

	registered interest
	date	15/12/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Stamp Duty Land Tax
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how much additional tax revenue his Department has collected since 1 April 2016 as a result of stamp duty reform.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	57920
	answer	answer is ministerial correction date of answer 20/12/2016 answer text <p>Historical monthly Stamp Duty Land Tax (SDLT) receipts are published in HMRC's 'Tax &amp; NIC Receipts' publication, which is available at:</p><p><a href="https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk" target="_blank">https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk</a>.</p><p> </p><p>Further analysis, including estimated receipts from the higher rate of SDLT on ‘additional properties’ from 1 April 2016, is published in 'Quarterly Stamp Duty Statistics', available at: <a href="https://www.gov.uk/government/statistics/quarterly-stamp-duty-statistics" target="_blank">https://www.gov.uk/government/statistics/quarterly-stamp-duty-statistics</a></p> answering member constituency Battersea answering member printed Jane Ellison question first answered 20/12/2016 10:45:48 answering member 3918 label Biography information for Jane Ellison
	tabling member	4124 label Biography information for Chi Onwurah

427032

	registered interest
	date	09/11/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	National Infrastructure Commission
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, how the Government decided on the priorities for the National Infrastructure Commission; and for what reason digital connectivity was not chosen as one of those providers.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	15687
	answer	answer is ministerial correction date of answer 16/11/2015 answer text <p>The Commission’s first three priority studies concern some of the most pressing infrastructure issues facing the country. They were chosen because independent quality advice will help Government make a better decision and accelerate the process of getting infrastructure built. The Commission will examine digital connectivity when it conducts its first long-term needs assessment.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 16/11/2015 15:58:20 answering member 1526 label Biography information for Greg Hands
	tabling member	4124 label Biography information for Chi Onwurah

539721

	registered interest
	date	18/07/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Women in Finance Charter
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will encourage companies to sign up to the Women in Finance Charter.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	43106
	answer	answer is ministerial correction date of answer 21/07/2016 answer text <p>The government launched the HM Treasury Women in Finance Charter to take forward Jayne-Anne Gadhia’s recommendations following her review into the representation of senior women in financial services.</p><p> </p><p>Firms that have signed the Charter are committed to implementing four key industry actions to improve gender diversity in financial services. On 11 July the government announced that 72 firms have signed the Charter. Together these firms employ over 530,000 people in the UK, with headquarters across the UK, USA, Europe and Asia.</p><p> </p><p>Harnessing the talents of women in financial services is one of the government’s key priorities and we are committed to encouraging as many financial services firms as possible to sign the Women in Finance Charter.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 21/07/2016 15:12:55 answering member 3929 label Biography information for Simon Kirby
	tabling member	4124 label Biography information for Chi Onwurah

542315

	registered interest
	date	21/07/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Women in Finance Charter
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will encourage technology companies to sign up to the Women in Finance Charter.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	43940
	answer	answer is ministerial correction date of answer 05/09/2016 answer text <p>The government launched the HM Treasury Women in Finance Charter to take forward Jayne-Anne Gadhia’s recommendations following her review into the representation of senior women in financial services.</p><p> </p><p>Firms that have signed the Charter are committed to implementing four key industry actions to improve gender diversity in financial services. On 11 July the government announced that 72 firms have signed the Charter, including a number of financial technology (fintech) firms. Together these firms employ over 530,000 people in the UK, with headquarters across the UK, USA, Europe and Asia.</p><p> </p><p>Harnessing the talents of women in financial services is one of the government’s key priorities and we are committed to ensuring that as many financial services firms as possible, including fintechs, sign the Women in Finance Charter.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 05/09/2016 13:05:39 answering member 3929 label Biography information for Simon Kirby
	tabling member	4124 label Biography information for Chi Onwurah

436147

	registered interest
	date	08/12/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Manufacturing Industries: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment on the financial effect on the UK manufacturing sector of reductions to (a) capital allowances and (b) corporation tax since 2010.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	19258
	answer	answer is ministerial correction date of answer 14/12/2015 answer text <p>The Government recognises the importance of the manufacturing sector in the UK economy.</p><br /><p>In order to support investment across the economy, including in the manufacturing sector, since 2010, the Government has reduced the corporation tax rate from 28% to 20%, and it is due to fall to 18% in 2020. Overall the corporation tax cuts delivered since 2010 will save businesses £10 billion a year from 2016. Further cuts in the corporation tax rate in this Parliament, to 19% in 2017 and 18% in 2020, will save small and large businesses a further £6.6 billion by 2021, and will benefit 1.1 million businesses. The manufacturing sector, alongside other sectors of the economy, have benefited from the corporation tax rate changes.</p><br /><p>At Summer Budget 2015, the government announced that it would increase the permanent level of the Annual Investment Allowance to £200,000, its highest ever permanent level. The sectors with most companies benefitting include manufacturing as well as wholesale and retail, and agriculture.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 14/12/2015 17:24:56 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4124 label Biography information for Chi Onwurah

828605

	registered interest
	date	23/01/2018
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Life Sciences: Capital Investment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 11 December 2017 to Question 118242, on Life Sciences: Capital Investment, what estimate he has made of the money that will be accrued to the public purse from the investment in the Life Sciences Sector deal.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	124272
	answer	answer is ministerial correction date of answer 31/01/2018 answer text <p>The Government and the life sciences sector have agreed a transformative Sector Deal. This draws in substantial investment into the sector from across the world, ensuring that the next wave of breakthrough treatments, innovative medical research and technologies, and highly skilled jobs are created in Britain. The deal announced several specific significant investments in the UK, including MSD opening a new discovery research facility in London, which will support 950 jobs including 150 new high-skilled and high-value research roles. The Sector Deal is expected to generate significant ongoing returns, through increasing life sciences investment in the UK in response to a range of measures to improve the UK environment for the life sciences industry.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 31/01/2018 15:24:54 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4124 label Biography information for Chi Onwurah

783291

	registered interest
	date	03/11/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Small Businesses: Technology
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 October 2017 to Question 106492, on small businesses: technology, how small businesses can use research and development tax credits to support adoption of Industry 4.0 technologies.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	111380
	answer	answer is ministerial correction date of answer 13/11/2017 answer text <p>Research and Development (R&amp;D) tax credits are a key element in the government’s objective of a tax system that supports productive investment. They are available for any activity aimed at achieving an advance in overall knowledge or capability in a field of science or technology.</p><p> </p><p>To further support Small and Medium-sized Enterprises (SMEs), the government offers them more generous tax relief compared to large companies. Including the standard 100% corporation tax deduction for R&amp;D spend, R&amp;D tax credits are worth 44% of the cost of R&amp;D for a profit-making SME and 33% for a loss-making one.</p><p> </p><p>The government is committed to ensuring SMEs are able to access R&amp;D tax credits. Tailored guidance specifically for SMEs can be found at: <a href="http://www.hmrc.gov.uk/gds/cird/attachments/rdsimpleguide.pdf" target="_blank">http://www.hmrc.gov.uk/gds/cird/attachments/rdsimpleguide.pdf</a>.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 13/11/2017 15:27:59 answering member 3935 label Biography information for Mel Stride
	tabling member	4124 label Biography information for Chi Onwurah

523848

	registered interest
	date	08/06/2016
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Digital Technology
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 7 June 2016 to Question 905207, what definition of the digital economy is used by (a) his Department, (b) the Office of National Statistics and (c) other government bodies.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	39901
	answer	answer is ministerial correction date of answer 13/06/2016 answer text <p>The Treasury does not have a specific definition of the digital economy, and we are unaware of other attempts by Government bodies to create such a definition.</p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 13/06/2016 13:47:36 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4124 label Biography information for Chi Onwurah