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1563809

registered interest
date	21/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cryptocurrencies: Advertising
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the impact of cryptocurrency advertisements being targeted at (1) young people, and (2) people from minority communities, including with the involvement of celebrities, sports stars and sports teams; and what plans they have, if any, to place restrictions on such advertising.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL4473
answer	answer is ministerial correction date of answer 09/01/2023 answer text <p>The government’s ambition is to make the UK a global hub for cryptoasset technology and investment. In April, previous Ministers set out a number of reforms which will see the regulation and aspects of tax treatment of cryptoassets evolve. The government will also consult on its approach to regulating wider cryptoasset activities in the coming weeks.</p><p> </p><p>Recent events in cryptoasset markets have highlighted the importance of establishing regulation which supports safe innovation and protects consumers and stability. As the cryptoasset market has developed rapidly, HMT and the FCA have been working at pace to adapt existing regulation to the challenges – and opportunities – posed by unique cryptoassets.</p><p> </p><p>For instance, to protect consumers, the FCA has banned the sale of cryptoasset derivatives to retail consumers and in January 2022 the government published a response to a consultation on a proposal to bring certain cryptoassets into the scope of financial promotions regulation. The forthcoming legislation on cryptoasset promotions, and supporting FCA rules, will regulate in-scope cryptoasset financial promotions, requiring them to be fair, clear and not misleading. This is aimed at improving consumers’ understanding of the risks and benefits associated with cryptoasset purchases and ensuring that cryptoasset promotions are held to the same standards as similar risk financial services products.</p><p> </p><p>The government also draws attention to and restates the FCA’s warnings to consumers that buyers of most cryptoassets should be prepared to lose all of the money they invest.</p><p> </p><p>The government and the Cryptoassets Taskforce continue to closely monitor the wider cryptoasset market and will stand ready to take further regulatory action if required.</p> answering member printed Baroness Penn question first answered 09/01/2023 16:58:09 answering member 4726 label Biography information for Baroness Penn
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1522039

registered interest
date	13/10/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Refugees: Ukraine
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether they will consider including refugees arriving under the family visa scheme within the funding of the Homes for Ukraine scheme; and whether they will remove the barriers to exchanging Ukrainian currency for sterling.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL2579
answer	answer is ministerial correction date of answer 27/10/2022 answer text <p>To support those fleeing the conflict, the Government has introduced two visa schemes to welcome Ukrainian refugees to the UK: the Ukraine Family Scheme and Homes for Ukraine. The Ukraine Family Scheme allows applicants to join family members or extend their stay in the UK. Homes for Ukraine allows Ukrainian nationals and their family members to come to the UK if they have a named sponsor under the scheme. Further details on scheme eligibility can be found at GOV.UK. People that enter under both visa schemes support integration by providing full access to social services and welfare in the UK for up to three years.</p><p> </p><p>As each of these schemes uses different routes to support Ukrainians to find safe refuge in the UK, they were set up to be funded differently. The Ukraine Family Scheme is similar to existing family visa routes, and provision of public services from this route will be managed in the usual way. The UK-based family member is expected to provide support and accommodation for those coming to join them, who in turn benefit from the wider integration advantages in joining an existing family network.</p><p> </p><p>On the matter of exchanging Ukrainian currency for sterling, the Government has taken steps to ensure support for incoming Ukrainian nationals opening bank accounts, and Ukrainians are able to convert their currency to GBP electronically at several major banks and electronic money institutions. The industry has also taken measures to support refugees and their access to essential financial services, including commitments to waive certain fees. The Government continues to monitor the situation for Ukrainians in the UK’s financial marketplace closely.</p> answering member printed Viscount Younger of Leckie question first answered 27/10/2022 13:05:00 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1518482

registered interest
date	26/09/2022
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	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have fully to meet the standards for tax transparency set by the General Assembly of the Global Initiative for Fiscal Transparency, including its 14 guiding principles.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL2324
answer	answer is ministerial correction date of answer 10/10/2022 answer text <p>HMRC, in combination with HM Treasury, the Office of Budget Responsibility, Office for National Statistics, and other Government departments are already meeting, or exceeding, areas identified in the 14 guiding principles set by the General Assembly of the Global Initiative for Fiscal Transparency for tax transparency, for example:</p><p> </p><ul><li>HMRC publish an annual report which includes information on the prevailing tax gap and action taken to reduce it, as well as comprehensive accounts and other information on revenues, expenditure, performance and performance plans. This is in addition to separate publications on the measurement of tax gaps and other research conducted by HMRC on taxpayers’ behaviour and tax administration;</li><li>HMRC’s published Annual Report and Accounts, as well as other aspects of its performance and expenditure, are regularly audited by the independent National Audit Office (NAO), and subject to Parliamentary scrutiny. NAO reports of its audits are also published. Revenue and other statistics published by HMRC adhere to the Official Statistics Code of Practice and are also subject to independent audit by the UK’s Statistics Authority;</li><li>The UK Government and HMRC have increased their own transparency by publishing more data, including information about the exercise of powers. Government departments also publish data as part of a cross-Government transparency data publishing requirement, as directed by several letters from the Prime Minister since 2010;</li><li>The UK Government collaborates with international and regional financial institutions, contributing to their published revenue statistics, to improve the fairness, efficiency, and effectiveness of tax administration, including through the <a href="https://www.oecd.org/tax/forum-on-tax-administration/" target="_blank">Forum on Tax Administration</a>; and</li><li>The Tax Assurance Commissioner (TAC) role was created in 2012 to strengthen governance and assurance of tax disputes. The TAC provides assurance to Parliament and the public on the handling of civil tax disputes<em>, </em>and their Report is published as part of HMRC’s Annual Report.</li></ul><p> </p><p>Increasing transparency to improve the public’s trust in the tax system and Government accountability remains a focus for this administration.</p> answering member printed Viscount Younger of Leckie question first answered 10/10/2022 11:29:53 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1438000

registered interest
date	03/03/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Environment Protection: Investment
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the remarks by Baroness Penn on 2 March (HL Deb col 812) about cooperating with the government of China on a green taxonomy, what fora are these discussions are being conducted in; how any (1) progress, and (2) agreement, will be reported; and what assessment they have made of the timetable for an outcome from the process.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL6598
answer	answer is ministerial correction date of answer 17/03/2022 answer text <p>My comments referred to the Government’s membership of the International Platform on Sustainable Finance (IPSF). The IPSF is a multilateral forum between policymakers on sustainable finance regulatory measures, particularly focussed on green taxonomies. Members include authorities from 18 different jurisdictions globally, including China and the European Union. The UK became a member in February 2021. In June 2020, the EU and China initiated a Working Group on taxonomies with the objective to undertake a assessment of existing taxonomies for environmentally sustainable investments, including identifying the commonalities and differences in their respective approaches and outcomes. This resulted in the publication of a report on a common ground taxonomy in November 2021.</p> answering member printed Baroness Penn question first answered 17/03/2022 13:19:24 answering member 4726 label Biography information for Baroness Penn
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1260427

registered interest
date	10/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Renewable Energy: VAT
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made, if any, of the impact of (1) removing, and (2) reducing the rate to 0 per cent for, VAT on domestic (a) renewable energy installations, and (b) energy efficiency measures, for 10 years on increasing the uptake of microgeneration in domestic properties.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL11337
answer	answer is ministerial correction date of answer 21/12/2020 answer text <p>The installation of many energy saving materials, including solar panels and micro combined heat and power units, is already subject to the reduced rate of VAT when certain conditions are met.</p><p>There are no current plans to extend the scope of the relief already in place. However, the Government keeps all taxes under review.</p> answering member printed Lord Agnew of Oulton question first answered 21/12/2020 10:57:33 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1228031

registered interest
date	27/07/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Working Hours
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have to encourage and support firms in reducing working hours in an equitable manner while avoiding redundancies, on a model similar to the German Kurzarbeit scheme.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL7324
answer	answer is ministerial correction date of answer 10/08/2020 answer text <p>The Government is committed to ensuring that people are able to return to work in a manner that is sustainable and adjustable to the reopening of the economy.</p><p> </p><p>The Government therefore introduced flexible furloughing from 1 July. Firms can now bring back employees that have been furloughed for any amount of time and any shift pattern, while still being able to claim Coronavirus Job Retention Scheme grants for the hours not worked, with no minimum furlough period.</p><p> </p><p>It is right that state support is slowly reduced and the focus shifts to getting furloughed employees back to work. As such, from August 2020, the level of the grant will be slowly tapered to reflect that people will be returning to work. Employees will continue to receive 80% of wages up to a cap of £2,500 when furloughed.</p><p>While other countries have announced similar schemes, the UK response remains among the most comprehensive.</p> answering member printed Lord Agnew of Oulton question first answered 10/08/2020 14:32:13 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle