Show Search Form

Search Results

answering dept sort name
tabling member printed
type
answer	is ministerial correction true false date of answer exactly: or between: and answer text
tabling member	label

Search

1024794

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 19/12/2018 answer text <p>The Ministry of Justice carried out a call for evidence on corporate criminal liability for economic crime in 2017, to establish whether further reform of the law was necessary. The response is expected to issue in 2019.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1024795

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 19/12/2018 answer text <p>The Ministry of Justice carried out a call for evidence on corporate criminal liability for economic crime in 2017, to establish whether further reform of the law was necessary. The response is expected to issue in 2019.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1148819

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 17/10/2019 answer text <p>The government has no current plans to introduce a small vineyards tax relief. All taxes are kept under review and the introduction of any reliefs are considered at each fiscal event, including the effects on industry and the wider economy.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1177470

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 17/02/2020 answer text <p>HMRC will continue to engage with port authorities at key border locations to understand the constraints on different sites, and to discuss how to ensure that ports are operationally ready for the end of the transition period.</p><p> </p><p>HMRC will also continue to keep their plans for additional infrastructure under review, depending on what is needed as part of the future trading relationship between the United Kingdom and the European Union.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1180355

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 04/03/2020 answer text <p>The Government has committed to a fundamental review of business rates and will set out further details in due course, including how interested groups and individuals can engage with and contribute to the review.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1180356

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 04/03/2020 answer text <p>The Government has committed to a fundamental review of business rates and will set out further details in due course, including how interested groups and individuals can engage with and contribute to the review.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1205113

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 26/06/2020 answer text <p>The Government takes its environmental responsibilities very seriously and welcomes international efforts to invest in technologies that will be needed to decarbonise the energy used in our economies.</p><p> </p><p>We are committed to meeting our climate change targets, including net zero greenhouse gas emissions by 2050. Hydrogen could be an important part of the transition to net zero.</p><p> </p><p>We are investing in innovation, providing up to £121m to support a range of projects to explore and develop the potential of low carbon hydrogen. This includes production, storage and end use in heat, industry and transport.</p><p> </p><p>In 2019 the Government published a consultation on business models for Carbon Capture and Storage, which sought views on support for low-carbon hydrogen. The response to the consultation will be published in due course.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1251837

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 17/11/2020 answer text <p>As part of the Winter Economy Plan, the Chancellor announced a range of measures to extend and reinforce the support provided to businesses during this challenging time.</p><p> </p><p>The Chancellor announced Pay as you Grow options, providing greater flexibility to help Bounce Back Loan borrowers repay their loans on the terms which work best for them. In addition, we have since extended the application deadline for the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, the Bounce Back Loan Scheme and the Future Fund until 31 January.</p><p> </p><p>The Chancellor also announced our intention to allow lenders to extend the repayment period for CBILS loans where this is needed up to 10 years. This is not a blanket extension of the term of CBILS loans. Rather, the change is to enable lenders to offer an extension of the term as forbearance where a borrower is in difficulty and could be helped by the extension. We are working to implement this change as soon as possible and will provide an update in due course.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1274366

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>From April 2017 to April 2020, the Government phased in a restriction of deductions for finance costs for landlords of residential properties to the equivalent of the basic rate of income tax. The restriction makes the tax system fairer by ensuring landlords with higher incomes no longer receive the most generous tax treatment.</p><p> </p><p>The restriction is estimated to have increased income tax liabilities by about £150 million in its first year (2017-18). Estimates for subsequent years are not available.</p><p> </p>
	tabling member	4474 label Biography information for Kevin Hollinrake

1279635

	answering dept sort name	Treasury
	tabling member printed	Kevin Hollinrake
	type	WrittenParliamentaryQuestion
	answer	answer is ministerial correction date of answer 27/01/2021 answer text <p>The recent change to HMRC’s creditor status for certain debts ensures that when a business enters insolvency, more of the taxes paid in good faith by its employees and customers, but held temporarily by the business, go to fund public services as intended, rather than be distributed to other creditors. This measure is forecast to raise up to £255 million a year, and the average recovery will be determined on a case by case basis.</p><p> </p><p>While there is no specific analysis of the impact for individual sectors the Government has engaged extensively with stakeholders in the finance industry and held a formal consultation on the policy design. Having considered all views carefully, the Government believes these reforms take a fair and proportionate approach, balancing the interests of taxpayers, the Exchequer and other creditors.</p><p> </p><p>Bank lending to small and medium-sized businesses alone in 2019 was £57 billion, and the majority of business lending is by fixed charges and is unaffected by this measure. In part for this reason, this change is not expected to have a significant impact on financial institutions, the lending market or wider economy. The OBR did not make any adjustments to their economic forecast in response to this measure.</p>
	tabling member	4474 label Biography information for Kevin Hollinrake