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1002541

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Sanctions and Anti-money Laundering Act 2018
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the money which will accrue to the public purse as a result of the coming into force of the Sanctions and Anti-Money Laundering Act 2018; and for what reason that estimate was not published in the Avoidance and Evasion section of Budget 2018.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	188751
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Sanctions and Anti-Money Laundering Act 2018 created no new monetary penalties for financial sanctions or anti-money laundering breaches. Any monetary penalties for breaches of financial sanctions imposed using the powers established by the Act will be paid into the Consolidated fund. No estimates have been made of the value of such potential penalties, or any other consequential implications for the public finances.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:37:52 answering member 4051 label Biography information for John Glen
tabling member	1484 label Biography information for Helen Goodman

1002699

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Private Finance Initiative: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 27 February 2018 to Question 129135 on Private Finance Initiative: Taxation, if he will publish the (a) legal and (b) technical advice he has received on the principle of a windfall tax on PFI companies.
tabling member constituency	Walthamstow
tabling member printed	Stella Creasy
uin	188823
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Chancellor announced at the Budget 2018 that Private Finance 2 will not be used for new projects.</p><p> </p><p>Private Finance contracts include non-discriminatory clauses such that if a tax were targeted at PFI companies, these companies would be contractually entitled to recover this cost from the procuring authority.</p><p> </p><p>A windfall tax would therefore be a tax on local authorities, NHS Trusts and government departments that hold PFI contracts.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/11/2018 17:43:56 answering member 3935 label Biography information for Mel Stride
tabling member	4088 label Biography information for Stella Creasy

1002714

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 5 November 2018 to Question 185543 on Defence finance, whether the reprofiling of the Dreadnought programme bringing forward spend into the early years, set out on page 30 of The Defence Equipment Plan 2018, contributed to the decision to allocate £1bn for Defence in Budget 2018.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	188745
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The £1bn additional funding for MoD will be used to invest in a number of key priority capabilities, one of which is Dreadnought. It is for MoD to decide how much of the additional funding is for Dreadnought, which they will do as part of their normal budgeting process.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 12/11/2018 17:54:32 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1438 label Biography information for Mr Kevan Jones

1002715

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Defence: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 5 November 2018 to Question 185543 on Defence: finance, if the Secretary of State for Defence decides to spend all or part of the additional funding on the Dreadnought programme whether this spend will be accounted for as additional to and separate from the £10 billion Dreadnought contingency.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	188746
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The £1bn for Defence announced at Budget 18 is additional funding for MoD to ensure that the Armed Forces can continue to modernise and invest in key priority capabilities. The final allocation and treatment will be agreed through MOD’s normal budgeting process</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 12/11/2018 17:53:39 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1438 label Biography information for Mr Kevan Jones

1001933

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Minimum Wage: Fines
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the level of fine was for each successful prosecution of an employer paying an employee less than the minimum wage in the last 12 months.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	188009
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>In 2017/18, HMRC levied 810 penalties, amounting to over £14 million, against employers who failed to pay workers the National Minimum and Living Wage (NMW). In the same period, there was one prosecution for obstructing an NMW investigation resulting in a fine of £2,977.</p><p> </p><p>Breaches of NMW legislation are normally a civil matter, where the consequences for not complying with NMW rules can include fines of 200% of the arrears and public naming. Criminal prosecution is reserved for the most serious non-compliance.</p><p> </p><p>The government is determined to ensure that everyone who is entitled to the NMW receives it. Anyone who feels they have not been paid the NMW should contact Acas helpline on 0300 123 1100 or via the online complaints form at <a href="https://www.gov.uk/government/publications/pay-and-work-rights-complaints" target="_blank">gov.uk</a>. HMRC reviews all complaints that are referred to them.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 12/11/2018 17:39:52 answering member 3935 label Biography information for Mel Stride
tabling member	1409 label Biography information for Mr Gregory Campbell

1001947

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages: EU Law
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the EU Mortgage Credit Directive on access to lower mortgage rates.
tabling member constituency	East Worthing and Shoreham
tabling member printed	Tim Loughton
uin	187982
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The EU Mortgage Credit Directive (MCD), which came into force in March 2016, prevents lenders waiving the affordability requirements when a borrower moves to a new lender. As a result some borrowers may find it harder to switch to a new lender to access lower rates.</p><p> </p><p>While we must comply with the MCD, the Financial Conduct Authority have put in place exemptions which allow lenders to waive affordability requirements for customers that are remortgaging with their existing lender but not increasing the size of their debt. In addition in July 2018, UK Finance, the Building Socieities Association, and the Intermediary Mortgage Lenders Association, announced a cross industry voluntary agreement. Under this agreement lenders undertook to write by the end of 2018 to any borrowers on the reversion rate who are up to date with payments, and have a minimum of 2 years and £10,000 left on their mortgage, to let them know they can access lower mortgage rates with their existing lender. Officials in the Treasury continue to work closely with the FCA and industry to explore what more can be done<strong>. </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 12/11/2018 17:49:19 answering member 4051 label Biography information for John Glen
tabling member	114 label Biography information for Tim Loughton

1001954

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the 2019 Loan Charge on individuals that had made financial plans on the basis of previous arrangements; and what support he is able to provide to those individuals.
tabling member constituency	Lewisham East
tabling member printed	Janet Daby
uin	188241
answer	answer is ministerial correction date of answer 16/11/2018 answer text <p>The charge on disguised remuneration (DR) loans is targeted at artificial tax avoidance schemes where earnings were paid in the form of loans, often made by an offshore third party. These loans are not repaid in practice and so are no different to ordinary income and are, and always have been, taxable.</p><p> </p><p>It is unfair to ordinary taxpayers to let anybody continue to benefit from contrived tax avoidance of this sort, and that is why this government has taken action to ensure that everybody pays the taxes they owe. The charge, announced at Budget 2016, will arise on 5 April 2019. By then affected users will have had three years to organise their financial affairs.</p><p> </p><p>The Government recognises the charge on DR loans will have a significant impact on some individuals who have used DR schemes, particularly those who used them to avoid the most tax.</p><p> </p><p>HM Revenue and Customs (HMRC) are working to help people put things right. HMRC have published a simplified process for DR scheme users to spread payment of the tax they owe over 5 years if their current income is less than £50,000, and they are no longer in avoidance. Those with higher incomes or who need to pay over a longer period can also request extended payment periods, which will be tailored to individual circumstances. Anyone who is worried about being able to pay what they owe should contact HMRC as soon as possible.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2018 14:52:58 answering member 3935 label Biography information for Mel Stride
tabling member	4698 label Biography information for Janet Daby

1001973

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Telecommunications: Non-domestic Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 31 October 2018 to Question 184372 on Optical Fibres: Non-domestic Rates, what estimate his Department has made of the income for the public purse from rates on (a) new build (b) the existing stock of all fixed and mobile telecommunications infrastructure for each year for which his Department has such projections.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	188011
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The Treasury does not collect or hold data on business rates receipts by asset type.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 12/11/2018 17:34:32 answering member 4320 label Biography information for Robert Jenrick
tabling member	1171 label Biography information for Liam Byrne

1001994

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Schools: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to paragraph 1.60 of the Budget 2018 Red Book, whether the funding for state-funded schools to cover pension costs will be allocated from the £4.7bn extra DEL in the reserve for 2019-20.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	188148
answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>Additional funds will be allocated to the Department for Education to meet the proportion of the expected £4.7 billion in additional pension costs that falls to them. The Department for Education are proposing to provide state-funded schools with funding to cover their additional pensions costs for the rest of this Spending Review period.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 12/11/2018 17:52:45 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4607 label Biography information for Stephanie Peacock

1002027

registered interest
date	05/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Customs
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps his Department plans to take to help businesses manage (a) administrative and (b) tariff changes in UK customs after the UK leaves the EU.
tabling member constituency	Dundee East
tabling member printed	Stewart Hosie
uin	188056
answer	answer is ministerial correction date of answer 16/11/2018 answer text <p>As a responsible Government we continue to prepare for a range of outcomes and we are looking closely at how to ensure that businesses are clear on what they need to do and have the support they need to be as prepared as they can be in the time available, whilst not undermining the benefits of an implementation period.</p><p> </p><p>HMRC has already published Technical Notices covering Customs, Excise and VAT procedures, and has written on no deal arrangements to the 145,000 UK business over the VAT threshold, who currently only trade with the EU. Later in the year we intend to provide more information on what businesses should do to prepare.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2018 14:55:00 answering member 3935 label Biography information for Mel Stride
tabling member	1514 label Biography information for Stewart Hosie