2 Treasury House of Lords Taxation: Electronic Government Biography information for Baroness Altmann 14 2019-07-25 false Baroness Altmann 2019-08-06T14:08:44.993Z Lord Young of Cookham false 2019-08-06 Biography information for Lord Young of Cookham <p>HM Revenue &amp; Customs (HMRC) delivered Simple Assessment to a small number of customers in 2017. Due to the need to prioritise EU exit, HMRC temporarily suspended further work to extend the service to a larger number of customers. The service remains active for the original user base, and further enhancements are being made this financial year. HMRC are reviewing whether to make further investments into the service in the context of the Spending Review.</p><p> </p><p>HMRC have long had a delivery plan for the dynamic coding-out of debt project. The service was successfully introduced for a number of taxation scenarios that cause an over- or under-payment of PAYE.</p><p> </p><p>After the closure of the Making Tax Digital for Individuals Programme, which included a wider dynamic coding option, and resource reallocation to EU exit, a new IT solution was required for this Budget 2017 project. HMRC remain committed to delivering this project. Further work on the wider dynamic coding activities will be considered as part of wider Spending Review planning.</p> Treasury HL17505 To ask Her Majesty's Government what plans they have, if any, to continue with the rollout of their Simple Assessment and dynamic coding projects, which were paused in May 2018. Treasury 2019-07-25 2019-08-06T13:38:40.563Z Lord Young of Cookham false 2019-08-06 <p>Information filed by employers through RTI is applied equally to all relevant customer records. HM Revenue &amp; Customs (HMRC) do not make a distinction between low and high earners when applying rules within tax calculations.</p><p> </p><p>Employers who pay all of their employees under the Lower Earnings Limit for National Insurance Contributions (NICs) and have no tax deducted are not required to register with HMRC. The employer is not required to report information to HMRC until there is a tax or NICs deduction payable to HMRC.</p><p> </p><p>There are no plans to mandate employers who pay small amounts of wages to all of their employees to register with HMRC.</p> PAYE HL17507 14 Treasury Baroness Altmann 2 To ask Her Majesty's Government what assessment they have made of the use of Real Time Information (RTI) to ensure low earners receive the tax relief they are due; and what plans they have to require all employers to use RTI. false Treasury Treasury Treasury Lord Clement-Jones false HL17510 2019-07-25 Biography information for Lord Clement-Jones 2019-08-06T13:37:53.7Z Lord Young of Cookham false 2019-08-06 <p>The information requested is not held. HM Revenue &amp; Customs (HMRC) estimate the tax gap, which encompasses fraud for VAT, excise duties and customs duty. However, it is not possible to produce these estimates for online traders based outside the EU, and for fraud originating in China. Tax gaps for VAT, excise duties and other taxes overall are provided in HMRC’s publication ‘Measuring Tax Gaps’.</p><p> </p><p>HMRC estimate that the tax loss from VAT fraud and error on online marketplaces was between £1 billion and £1.5 billion in 2016/17. The department estimates that overseas sellers contributed to approximately 60% of the VAT loss.</p> VAT: Tax Evasion 2 To ask Her Majesty's Government what assessment they have made of the amount lost to the Exchequer due to VAT fraud perpetrated by online traders based outside the EU; and what estimate they have made of the proportion of that fraud originating in China. Treasury Treasury 14 HL17511 2019-07-25 VAT: Tax Evasion 2 14 2019-08-06T13:38:21.057Z Lord Young of Cookham false 2019-08-06 <p>HM Revenue &amp; Customs (HMRC) have increased their engagement with China Customs through the Fiscal Crime Liaison Officer in Beijing. The engagement is designed to tackle undervaluation fraud, including online VAT fraud, with the help of the Chinese authorities. This has included a memorandum of understanding, set up in 2018, leading to a joint working group and a series of commodity-focused exercises.</p><p> </p><p>In addition, HMRC’s primary focus in tackling the VAT issue has been with the online marketplaces through which those sellers operate, as this has proven to be an effective way of improving their compliance. The Fulfilment House Due Diligence Scheme supports this compliance activity by regulating the sites where overseas sellers store imported goods prior to their sale.</p> Lord Clement-Jones To ask Her Majesty's Government what discussions they have had with the government of China in relation to addressing online VAT fraud; and what steps they are taking as a result. Treasury Treasury false Treasury Treasury VAT: Tax Evasion 2 Lord Clement-Jones false To ask Her Majesty's Government how many penalties they have issued to online traders based outside the EU for VAT fraud; and what was the total value of such penalties. 2019-07-25 HL17512 Treasury Treasury 14 2019-08-06T13:36:05.967Z Lord Young of Cookham false 2019-08-06 <p>The information requested is not held. HM Revenue &amp; Customs (HMRC) record the total number and amount of penalties issued to sellers based overseas who operate on online marketplaces, but do not hold separate figures for EU and non-EU sellers.</p><p> </p><p>Up to 29 July 2019, HMRC have issued VAT penalties to a total of 1,059 overseas sellers; the total penalty amount is £34,056,356.39.</p> HL17540 Lord Rogan 2019-07-25 false 2019-08-06T13:55:45.96Z Lord Young of Cookham false 2019-08-06 <p>No further assessment has been made of how and where portraits of the Royal Family are displayed across the UK.</p><p>Civil Servants are free to raise concerns about any issue and should follow their departmental procedures to resolve disputes and grievances. Compensation payments are not routinely paid as part of this process.</p> HL17480 53 Cabinet Office Biography information for Lord Rogan Cabinet Office To ask Her Majesty's Government what procedures are in place to process any complaint about the display of images of the Royal Family in publicly funded buildings; and what steps they take to determine the level of any compensation paid as a result of such a complaint. 2 Cabinet Office Public Buildings: Art Works 202 HL17549 To ask Her Majesty's Government what plans they have to publish their Regional Trade Plans. Department for International Trade International Trade Overseas Trade Viscount Waverley 2 2019-08-16T10:52:52.403Z Lord Young of Cookham false 2019-08-16 <p>Regional Trade Plans (RTPs), set out an overseas region’s overarching strategy, key objectives and priorities, which will drive the delivery of Her Majesty’s Government’s trade objectives overseas. Currently, the RTPs are internal documents, but the Department for International Trade intends to publish executive summaries of the RTPs in due course.</p> International Trade 2019-07-25 false Biography information for Viscount Waverley Biography information for Lord Myners Treasury Lendy Treasury false 2019-08-06T13:36:33.113Z Lord Young of Cookham false 2019-08-06 <p>The Financial Conduct Authority (FCA) is responsible for the authorisation and regulation of peer to peer (P2P) platforms, and is currently carrying out an enforcement investigation into the circumstances that led to the administration of Lendy. It would be inappropriate for Government to pre-empt its findings.</p><p> </p><p>The FCA is operationally independent from Government. The question as it relates to the FCA has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.</p> 2019-07-24 Treasury Lord Myners 2 14 HL17476 To ask Her Majesty's Government what steps they took to stop Lendy from declaring dividends to pay capital to that firm’s owners when Lendy was under review by the Financial Conduct Authority (FCA); and whether the FCA intends to compensate any lenders who did not receive full remediation payments as a result of a shortfall in capital. Financial Services HL17477 Treasury Treasury false Lord Myners 2019-07-24 2 2019-08-06T13:37:13.733Z Lord Young of Cookham false 2019-08-06 <p>Following the suspension of the Woodford Equity Income Fund (WEIF), HM Treasury has discussed the liquidity rules for UK UCITS funds with the Financial Conduct Authority (FCA), which is responsible for the ongoing supervision and regulation of the UK’s financial services sector, including investment funds.</p><p> </p><p>The FCA have launched an investigation into the events leading up to the suspension of the WEIF. The investigation will determine the facts of the case, including whether any rules have been broken, and inform any future decision on whether rule changes are required.</p> 14 To ask Her Majesty's Government what assessment, if any, they have made of the case for specifying a higher liquidity test for UK-managed Undertakings for Collective Investment in Transferable Securities than is required by EU Directive 2009/65/EC; and what discussions they have had with the Financial Conduct Authority about that test. Treasury 14 Treasury HL17478 2 Treasury Banks: Loans 2019-07-24 To ask Her Majesty's Government whether they or the Prudential Regulation Authority monitor loans by smaller banks to related parties; and what assessment, if any, they have made of how Wyelands Bank complies in this respect with regulatory limits. false Lord Myners 2019-08-06T13:37:27.17Z Lord Young of Cookham false 2019-08-06 This is a matter for the Prudential Regulation Authority (PRA), which is operationally independent from Government. The question has been passed on to the PRA. The PRA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House. Treasury 0 1 60 10