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1518825

registered interest
date	10/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks and Income Tax
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 number of people who will benefit over the course of the present Parliament from the measures announced in his statement made on 23 September 2022 on (a) removing the cap on bankers bonuses and (b) abolishing the additional rate of income tax.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	58899
answer	answer is ministerial correction date of answer 13/10/2022 answer text <p>Regarding the removal of the bankers’ bonus cap, the Government has not assessed the numbers affected. The Prudential Regulation Authority and the Financial Conduct Authority have announced their intention to consult on the removal of the cap this Autumn, and as part of that will consider the overarching costs and benefits of the proposals against their statutory objectives.</p><p> </p><p>Regarding the additional rate of tax, the Government is committed to lowering the tax burden and growing the economy, but has decided not to abolish the additional rate of tax in 2023 and is focussed on delivering the major parts of the Growth Plan. This plan sets out a new approach to build a more prosperous economy, from supporting British business to lowering the tax burden for the lowest paid.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 13/10/2022 12:54:36 answering member 4874 label Biography information for Andrew Griffith
tabling member	1409 label Biography information for Mr Gregory Campbell

1518855

registered interest
date	10/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gift Aid: Taxation
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 potential impact of recent tax changes on the income charities receive through Gift Aid.
tabling member constituency	East Lothian
tabling member printed	Kenny MacAskill
uin	58940
answer	answer is ministerial correction date of answer 13/10/2022 answer text On 23 September, the Government announced that the reduction to the basic rate of income tax would be brought forward by one year, and alongside this announced a transition period for Gift Aid to support the charities sector. Worth over £300m, this will maintain the rate of Gift Aid at 20% for four years, until April 2027, giving almost 70,000 charities time to transition to the lower basic rate of tax. answering member constituency Kensington answering member printed Felicity Buchan question first answered 13/10/2022 16:04:18 answering member 4821 label Biography information for Felicity Buchan
tabling member	4772 label Biography information for Kenny MacAskill

1518924

registered interest
date	10/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxis: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact that a new VAT charge on taxis and PHVs would have on consumers during the cost of living crisis.
tabling member constituency	Solihull
tabling member printed	Julian Knight
uin	59055
answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The Government currently has no plans to introduce a new VAT charge on taxis and private hire vehicles (PHVs).</p><p>However, the Government is closely monitoring ongoing deliberations by UK courts that may inform the VAT treatment of taxis and PHVs.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 18/10/2022 16:03:18 answering member 3912 label Biography information for Richard Fuller
tabling member	4410 label Biography information for Julian Knight

1518932

registered interest
date	10/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he will publish HMRC assessments for all of the new tax measures he set out on 23 September 2022, including those which will take effect in future tax years.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	58999
answer	answer is ministerial correction date of answer 13/10/2022 answer text <p>HMRC publishes a summary of impact assessments for tax measures within Tax Information and Impact Notes (TIINs), which provide a clear statement of the policy objective, impact on the Exchequer, the economy, individuals, businesses and civil society organisations, as well as any equality and other specific impacts.</p><p> </p><p>The TIINs for tax measures will be published when the associated legislation is introduced.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 13/10/2022 16:22:59 answering member 3912 label Biography information for Richard Fuller
tabling member	3930 label Biography information for Caroline Lucas

1518949

registered interest
date	10/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Exchange Rates: Dollar
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to tackle changes in the value of Pound Sterling against the United States Dollar; and if he will make a statement.
tabling member constituency	Warrington North
tabling member printed	Charlotte Nichols
uin	59095
answer	answer is ministerial correction date of answer 18/10/2022 answer text The UK does not have an exchange rate target and the Government does not have a desired level for sterling – the price is determined by the market. The UK's macroeconomic framework is based on an inflation target, and it is for the independent Monetary Policy Committee to set monetary policy to meet this target.<p> </p><p>We continue to work closely with the Bank of England, Financial Conduct Authority, Debt Management Office and others to monitor markets.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 18/10/2022 16:37:28 answering member 4874 label Biography information for Andrew Griffith
tabling member	4799 label Biography information for Charlotte Nichols

1518954

registered interest
date	10/10/2022
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 recent assessment his Department has made of the potential impact of the Loan Charge on (a) staff, (b) administration, (c) legal advice and (d) consultancy costs for businesses since the implementation of that scheme.
tabling member constituency	Bath
tabling member printed	Wera Hobhouse
uin	59053
answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The impact of the Loan Charge on businesses was considered as part of the 22 November 2017 Tax Information and Impact Note (TIIN).</p><p> </p><p>The TIIN assessed that the Loan Charge would only affect businesses engaging in avoidance schemes and would have no impact on the administrative burdens of compliant businesses undertaking normal commercial transactions.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 18/10/2022 13:01:03 answering member 3912 label Biography information for Richard Fuller
tabling member	4602 label Biography information for Wera Hobhouse

1518956

registered interest
date	10/10/2022
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, how many (a) promoters and (b) operators of schemes now subject to the loan charge have been prosecuted for (i) promoting and (ii) operating those schemes.
tabling member constituency	Bath
tabling member printed	Wera Hobhouse
uin	59066
answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>I refer my hon. Friend to the answer that was given on 3 November 2021 to the Question UIN 62867: <a href="https://questions-statements.parliament.uk/written-questions/detail/2021-10-25/62867" target="_blank">https://questions-statements.parliament.uk/written-questions/detail/2021-10-25/62867</a>.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 18/10/2022 12:40:21 answering member 3912 label Biography information for Richard Fuller
tabling member	4602 label Biography information for Wera Hobhouse

1518957

registered interest
date	10/10/2022
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, whether HMRC has received legal advice on the pursuit of (a) employees and (b) employers for the use of loan schemes.
tabling member constituency	Bath
tabling member printed	Wera Hobhouse
uin	59061
answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The Loan Charge was announced at Budget 2016 as part of a package of measures to tackle Disguised Remuneration (DR) tax avoidance. At Spring Statement 2022, this package was estimated to bring in an estimated overall Exchequer yield of £3.4 billion. The changes resulting from the 2019 independent review of the Loan Charge have reduced the Exchequer yield by an estimated £620 million.</p><p> </p><p>HMRC will go to the employer to settle the tax due or collect the Loan Charge in the first instance. Approximately 80 per cent of the £3.4 billion HMRC brought into charge through DR settlements between Budget 2016 and the end of March 2022 was from employers.</p><p> </p><p>However, liability for the tax is always that of the individual and HMRC will consider other options when collection from the employer is not possible, such as when the employer no longer exists or is based offshore. Parliament has provided a range of statutory powers allowing HMRC, in certain circumstances, to collect the amount due from the employee.</p><p> </p><p>HMRC’s lawyers considered all of these points when providing legal advice that informed this policy’s development.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller grouped question UIN 59970 question first answered 18/10/2022 15:48:37 answering member 3912 label Biography information for Richard Fuller
tabling member	4602 label Biography information for Wera Hobhouse

1518976

registered interest
date	10/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Meetings
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what meetings he had on (a) 20, (b) 21 and (c) 22 September 2022.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	59029
answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.</p><p> </p><p>Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:</p><p><a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a></p> answering member constituency Kensington answering member printed Felicity Buchan question first answered 18/10/2022 16:50:59 answering member 4821 label Biography information for Felicity Buchan
tabling member	4430 label Biography information for Alison Thewliss

1519000

registered interest
date	10/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Incentives
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 distributional impact on household budgets of his proposal to remove the cap on bankers bonuses made in his oral statement in the House of 23 September by equivalised household income vigintile.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	59093
answer	answer is ministerial correction date of answer 13/10/2022 answer text <p>The Government has not made an assessment of the distributional impact of removing the bankers’ bonus cap. The Prudential Regulation Authority and the Financial Conduct Authority have announced their intention to consult on the removal of the cap this Autumn, and as part of that will consider the overarching costs and benefits of the proposals against their statutory objectives.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 13/10/2022 12:53:12 answering member 4874 label Biography information for Andrew Griffith
tabling member	4809 label Biography information for Beth Winter