Following the Chancellor's announcement in the 2014 Budget UK Export Finance formally launched the Export Refinancing Facility (ERF) on 30 April 2014.<\/p>
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ERF is aimed at supporting UK bids for projects that require finance above $150m. As these projects typically involve lengthy contract negotiations, it may be sometime before we see a pipeline of deals that benefit from the ERF.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/88", "label" : {"_value" : "Biography information for Sir Michael Fallon"} } , "answeringMemberConstituency" : {"_value" : "Sevenoaks"} , "answeringMemberPrinted" : {"_value" : "Michael Fallon"} , "dateOfAnswer" : {"_value" : "2014-05-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-05-06T12:00:00.00Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "26"} , "answeringDeptShortName" : {"_value" : "Business, Innovation and Skills"} , "answeringDeptSortName" : {"_value" : "Business, Innovation and Skills"} , "date" : {"_value" : "2014-04-25", "_datatype" : "dateTime"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business, Innovation and Skills, how many businesses received support through the UK Guarantees Exports Refinancing Facility in 2013-14.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/422", "label" : {"_value" : "Biography information for Mr Chris Leslie"} } , "tablingMemberConstituency" : {"_value" : "Nottingham East"} , "tablingMemberPrinted" : [{"_value" : "Chris Leslie"} ], "uin" : "196716"} , {"_about" : "http://data.parliament.uk/resources/48447", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/48447/answer", "answerText" : {"_value" : "
The Simplified Import VAT Accounting (SIVA) scheme is a trade facilitation measure that reduces compliance costs for legitimate traders through the removal of the requirement to provide a guarantee to secure import VAT paid through the duty deferment scheme.<\/p>
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The risk to the tax revenue by traders operating SIVA is potentially very large as the period between the tax due being deferred and being collected by HMRC may result in a failure to pay. The setting of the SIVA approval criteria has to strike a balance between ensuring the trade receive the maximum benefit from the scheme, while at the same time protecting the revenue.<\/p>
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Businesses have to demonstrate on-going compliance with the SIVA requirements. The SIVA team monitor this through internal systems, including any outstanding debts or Time-to Pay agreements requested. When they identify a business experiencing difficulties, they advise them of the potential impact on their SIVA approval. Warning letters are issued by the team to businesses who fail to comply and only if there is evidence of continued non-compliance is the approval removed.<\/p>
The current procedures provide an appropriate balance between trade faciliation and protection of the revenue.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1529", "label" : {"_value" : "Biography information for Mr David Gauke"} } , "answeringMemberConstituency" : {"_value" : "South West Hertfordshire"} , "answeringMemberPrinted" : {"_value" : "Mr David Gauke"} , "dateOfAnswer" : {"_value" : "2014-04-30", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2014-04-30T12:00:00.00Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2014-04-25", "_datatype" : "dateTime"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, if he will take steps to improve support for small and medium-sized enterprises which are in need of short-term assistance and flexibility through improved partnership working between the HM Revenue and Custom's (HMRC) simplified import VAT accounting duty deferment team and the HMRC debt management and time-to-pay teams; and if he will make a statement.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/422", "label" : {"_value" : "Biography information for Mr Chris Leslie"} } , "tablingMemberConstituency" : {"_value" : "Nottingham East"} , "tablingMemberPrinted" : [{"_value" : "Chris Leslie"} ], "uin" : "196640"} , {"_about" : "http://data.parliament.uk/resources/47115", "AnsweringBody" : [{"_value" : "Attorney General"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/47115/answer", "answerText" : {"_value" : "
The following table lists the top five companies used by the Treasury Solicitor's Department (TSol), to provide temporary workers in 2013-14, by expenditure. TSol financial systems do not distinguish between the costs of temporary workers and the associated agency fee. TSol data also covers any expenditure incurred by HM Crown Prosecution service inspectorate and the Attorney General's Office.<\/p>