www.legislation.gov.uk/uksi/2020/29/contents/made<\/a><\/p> <\/p>
Child Trust Funds (CTF) accounts will start to mature in September 2020 when the first children reach 18. These regulations ensure maturing CTF will retain their tax-free status and also provide that funds in a mature CTF may be transferred to an ISA without counting towards the individual\u2019s annual ISA subscription limit.<\/p>
<\/p>
HMRC has improved the National Insurance number notification letter, which is sent out prior to a child\u2019s 16th birthday, to raise awareness of the Child Trust Funds scheme. The letter informs young people that they may have money in a Child Trust Fund and signposts them to HMRC\u2019s guidance on accessing and managing the account.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"}
}
, "answeringMemberConstituency" : {"_value" : "Salisbury"}
, "answeringMemberPrinted" : {"_value" : "John Glen"}
, "dateOfAnswer" : {"_value" : "2020-02-03", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "9773"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2020-02-03T13:01:58.387Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2020-01-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Child Trust Fund"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Economic Secretary to the Treasury, of 13 March 2019, Official Report, column 177WH, whether any changes have been made to the letter that his sent to young people informing them of their national insurance number when they reach 16 years old.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4657", "label" : {"_value" : "Biography information for Anneliese Dodds"}
}
, "tablingMemberConstituency" : {"_value" : "Oxford East"}
, "tablingMemberPrinted" : [{"_value" : "Anneliese Dodds"}
], "uin" : "9774"}
, {"_about" : "http://data.parliament.uk/resources/1174256", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1174256/answer", "answerText" : {"_value" : "3.8% of staff employed by HM Treasury as at 31st<\/sup> December 2019 are apprentices. (based on headcount)"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4655", "label" : {"_value" : "Biography information for Sir Simon Clarke"}
}
, "answeringMemberConstituency" : {"_value" : "Middlesbrough South and East Cleveland"}
, "answeringMemberPrinted" : {"_value" : "Mr Simon Clarke"}
, "dateOfAnswer" : {"_value" : "2020-02-03", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2020-02-03T13:51:48.127Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2020-01-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Treasury: Apprentices"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, what proportion of staff employed by his Department are apprentices.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4268", "label" : {"_value" : "Biography information for Steve Reed"}
}
, "tablingMemberConstituency" : {"_value" : "Croydon North"}
, "tablingMemberPrinted" : [{"_value" : "Steve Reed"}
], "uin" : "9693"}
, {"_about" : "http://data.parliament.uk/resources/1174282", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1174282/answer", "answerText" : {"_value" : "HM Treasury is responsible for the Money Laundering Regulations 2017 (\u2018the Regulations\u2019). The Regulations set out the high-level requirements on regulated firms to combat money laundering and ensure that key professionals identify their customers and understand the purpose behind transactions, including the source of funds. The Regulations are designed to combat illicit finance, while minimising the burden on legitimate customers.<\/p>
<\/p>
The Regulations include requirements for firms in scope to have in place appropriate risk-management systems and procedures to determine whether a customer is a Politically Exposed Person (PEP), and conduct an appropriate range of Enhanced Due Diligence (EDD) measures. PEPs can pose a high money laundering risk because they may be able to abuse their position for private gain.<\/p>
<\/p>
The Financial Conduct Authority (FCA) is the anti-money laundering supervisor for financial services firms in the UK; it regularly takes action against firms who fail to meet their obligations under the Regulations. In 2015, the FCA fined Barclays Bank £72,069,400 for failing to conduct enhanced due diligence on a £1.88 billion transaction involving PEPs.<\/p>
<\/p>
The UK has been recognised as world leading in its response to economic crime. In 2018, the Financial Action Task Force found that the UK had one of the strongest systems for combatting money laundering and terrorist financing of over 60 countries it has assessed to date.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"}
}
, "answeringMemberConstituency" : {"_value" : "Salisbury"}
, "answeringMemberPrinted" : {"_value" : "John Glen"}
, "dateOfAnswer" : {"_value" : "2020-02-03", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2020-02-03T13:04:19.167Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2020-01-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Financial Services: Regulation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what plans his Department has to strengthen financial regulations in response to the case of Isabel dos Santos.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4630", "label" : {"_value" : "Biography information for Ben Lake"}
}
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, "tablingMemberPrinted" : [{"_value" : "Ben Lake"}
], "uin" : "9762"}
, {"_about" : "http://data.parliament.uk/resources/1174354", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1174354/answer", "answerText" : {"_value" : "
There are approximately 5 million active members of public service pension schemes, which are usually unfunded defined benefit schemes. There are multiple public service pension schemes, managed by different government departments and devolved administrations. The value of an individual\u2019s pension can depend on a number of factors, including career length, accrual rate, pay progression and what age they choose to retire. The precise information requested is not readily available as it is not held centrally and could only be provided at disproportionate cost.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4483", "label" : {"_value" : "Biography information for Rishi Sunak"}
}
, "answeringMemberConstituency" : {"_value" : "Richmond (Yorks)"}
, "answeringMemberPrinted" : {"_value" : "Rishi Sunak"}
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, "questionFirstAnswered" : [{"_value" : "2020-02-03T13:10:36.247Z", "_datatype" : "dateTime"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, what estimate he has made of the (a) number and (b) monetary value of public sector pension pots due to be paid on retirement to people who have previously worked in the public sector for (i) fewer than five years and (ii) between five and 10 years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4658", "label" : {"_value" : "Biography information for Alex Sobel"}
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], "uin" : "9777"}
, {"_about" : "http://data.parliament.uk/resources/1174373", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1174373/answer", "answerText" : {"_value" : "
The Government has committed to continuing the Tampon Tax Fund until the UK is legally able to apply a zero rate of VAT to women\u2019s sanitary products. During the transition period, the UK\u2019s VAT regime will continue to exist within a framework set by EU legislation.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"}
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, "questionFirstAnswered" : [{"_value" : "2020-02-03T13:43:15.557Z", "_datatype" : "dateTime"}
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, "date" : {"_value" : "2020-01-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Sanitary Products: VAT"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, what plans he has for the future of the Tampon Tax Fund.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1489", "label" : {"_value" : "Biography information for Dawn Butler"}
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, "tablingMemberPrinted" : [{"_value" : "Dawn Butler"}
], "uin" : "9616"}
, {"_about" : "http://data.parliament.uk/resources/1173840", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1173840/answer", "answerText" : {"_value" : "
The details that HM Revenue and Customs collect from taxpayers on their VAT returns are not specific enough to identify costs relating to cladding. The cost of replacing cladding would be zero rated if it was tied to the initial construction and shown to be defective.<\/p>
<\/p>
On 9 May 2019, the Government announced that it would fully fund the removal and replacement of certain types of unsafe cladding on private sector residential buildings 18 metres or taller. Where a zero rate does not apply, the cost of the VAT charge would be covered by that fund.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"}
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, "questionFirstAnswered" : [{"_value" : "2020-02-03T13:35:23.133Z", "_datatype" : "dateTime"}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
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, "date" : {"_value" : "2020-01-28", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Buildings: Insulation"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, how many cases of the replacement of unsafe cladding following the Grenfell Tower fire have not had VAT applied to the cost of the works.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/413", "label" : {"_value" : "Biography information for Hilary Benn"}
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, "tablingMemberPrinted" : [{"_value" : "Hilary Benn"}
], "uin" : "8957"}
, {"_about" : "http://data.parliament.uk/resources/1173863", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1173863/answer", "answerText" : {"_value" : "
The Government is committed to review our alcohol duty structures. Further announcements about the review will be made in due course. Any changes will be considered by the Chancellor and announced at fiscal events.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4655", "label" : {"_value" : "Biography information for Sir Simon Clarke"}
}
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, "answeringMemberPrinted" : {"_value" : "Mr Simon Clarke"}
, "dateOfAnswer" : {"_value" : "2020-02-03", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "9125"}
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, "questionFirstAnswered" : [{"_value" : "2020-02-03T14:47:53.817Z", "_datatype" : "dateTime"}
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, "date" : {"_value" : "2020-01-28", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Alcoholic Drinks: Excise Duties"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of introducing a distinct classification in the taxation system for alcoholic drinks created by fermenting honey with water.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4630", "label" : {"_value" : "Biography information for Ben Lake"}
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, "tablingMemberPrinted" : [{"_value" : "Ben Lake"}
], "uin" : "9124"}
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