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1350529

registered interest
date	22/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains 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 amount of capital gains tax (a) collected and (b) that remains outstanding owed from taxpayers under (i) Bitcoin trading and (ii) other financial activity in decentralised finance in each tax year between 2013 and 2020.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	37100
answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>Capital Gains Tax (CGT) is due on gains from cryptoassets held as investments which are taxed in line with CGT tax rates and exemptions rules as for other assets. The Self-Assessment form does not currently separate capital gains made on cryptoassets from other assets. As a result, a reliable estimate for Capital Gains Tax due from cryptoassets would only be available at a disproportionate cost.</p><p> </p><p>Decentralised Finance (also known as DeFi) is a comparatively recent innovation with notable uptake during mid-2020. Amounts arising from decentralised finance are, generally, liable to either Income Tax or Capital Gains Tax. However, as with cryptoassets, the Self-Assessment form does not separate capital gains and/or income arising from decentralised finance. As a result, a reliable estimate of Capital Gains Tax or Income Tax collected from decentralised finance would only be available at a disproportionate cost.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 37101 question first answered 06/09/2021 15:21:45 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

1350530

registered interest
date	22/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much capital gains tax was collected from decentralised finance in each year tax year from 2013 to 2020.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	37101
answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>Capital Gains Tax (CGT) is due on gains from cryptoassets held as investments which are taxed in line with CGT tax rates and exemptions rules as for other assets. The Self-Assessment form does not currently separate capital gains made on cryptoassets from other assets. As a result, a reliable estimate for Capital Gains Tax due from cryptoassets would only be available at a disproportionate cost.</p><p> </p><p>Decentralised Finance (also known as DeFi) is a comparatively recent innovation with notable uptake during mid-2020. Amounts arising from decentralised finance are, generally, liable to either Income Tax or Capital Gains Tax. However, as with cryptoassets, the Self-Assessment form does not separate capital gains and/or income arising from decentralised finance. As a result, a reliable estimate of Capital Gains Tax or Income Tax collected from decentralised finance would only be available at a disproportionate cost.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 37100 question first answered 06/09/2021 15:21:45 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

1347319

registered interest
date	15/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation 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, applying the Laffer curve, of the potential effect on tax revenues of a reduction in corporation tax.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	33878
answer	answer is ministerial correction date of answer 20/07/2021 answer text <p>The fiscal and economic impact of changes in the rate of Corporation Tax (CT) have been set out in the Office for Budget Responsibility’s (OBR’s) Economic and Fiscal Outlooks which are published alongside fiscal events.</p><p> </p><p>The most recent forecast, published in March 2021, includes the revenue raised from the announcement made at Budget 2021: that the main rate will increase to 25% from April 2023, which is forecast to raise over £45 billion across the next 5 years.</p><p> </p><p>This forecast incorporates adjustments to reflect behavioural responses from businesses to changes in the rate of CT.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/07/2021 11:22:20 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

1185834

registered interest
date	17/03/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-employed: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to support self-employed people in the event they are without an income as a result of the covid-19 pandemic.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	30718
answer	answer is ministerial correction date of answer 23/03/2020 answer text <p>The Government is deferring tax payments, through the Income Tax Self-Assessment (ITSA) and VAT system to help support businesses and the self-employed with cash flows. VAT payments due between now and mid-June will be deferred. No business will have to make a VAT payment to HMRC in that period. Income tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021, benefitting up to 5.7m self-employed businesses.</p><p> </p><p>The Government has also announced it is delaying the reforms to the off-payroll working rules (IR35) from April 2020 to April 2021 and the reforms will be legislated for in the 2020 Finance Bill. This deferral has been announced in response to the spread of Covid-19, to help businesses and individuals deal with the economic impacts of the pandemic.</p><p> </p><p>The Coronavirus Business Interruption Loan Scheme is available to self-employed individuals with an eligible business entity. By providing an 80% government guarantee on finance facilities up to £5 million, this scheme will help more businesses access the finance they need. The Government will not charge businesses for this guarantee, and will also cover the first 12 months of interest payments for businesses. For more information on the Coronavirus Business Interruption Loan Scheme go to: <a href="http://www.British-business-bank.co.uk/CBILS" target="_blank">www.British-business-bank.co.uk/CBILS</a>.</p><p> </p><p>The Minimum Income Floor will be temporarily relaxed for all self-employed UC claimants for 1 year from 6 April. This means a drop in earnings due to the economic impacts of Covid-19 will not affect the amount of UC a claimant receives. This goes further than the Budget announcement to temporarily relax the MIF only for claimants who are directly affected by Covid-19, which has already come into effect. For those directly affected or self-isolating, there will be no attendance requirements, and Universal Credit can be claimed online or via phone.</p><p> </p><p>Self-employed people unable to work because they are directly affected by Covid-19 or self-isolating will be eligible for Contributory Employment and Support Allowance. This is now payable from the first day of sickness, rather than the eighth. Eligible claimants under 25 will be entitled to £57.90 per week, and over 25s £73.10 per week.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 31529 31599 31613 question first answered 23/03/2020 17:22:54 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

1006179

registered interest
date	13/11/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Roads: Shrewsbury
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what plans his Department has to fund the construction of the North West Relief Road around Shrewsbury.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	190836
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The Government is not yet in a position to make a decision on providing funding for this scheme but hopes to do so in the coming months.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 19/11/2018 16:21:39 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

890134

registered interest
date	23/04/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Roads: Shrewsbury
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what methodology will be used to decide which road schemes to fund this summer; and whether his Department is considering funding a north-west relief road in Shrewsbury.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	137184
answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>The Department is currently considering bids for large local transport schemes that were submitted in December 2017, including the Shrewsbury North West Relief Road, submitted by Shropshire Council. The schemes are subject to assessment according to the principles set out in the Department’s Transport Business Case Guidance which can be found here</p><p><a href="https://www.gov.uk/government/publications/transport-business-case" target="_blank">https://www.gov.uk/government/publications/transport-business-case</a></p><p>We aim to announce in Summer which of these schemes will receive funding for construction.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 26/04/2018 11:23:40 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

885076

registered interest
date	16/04/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Roads: Shrewsbury
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what assessment he has made of the business case presented to his Department by Shropshire Council for funding of the NW Relief Road for Shrewsbury.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	136064
answer	answer is ministerial correction date of answer 19/04/2018 answer text <p>The Department is currently considering the business case for this scheme and several others within the Large Local Majors programme and aims to make announcements by Summer on which will be funded.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 19/04/2018 13:26:34 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

790191

registered interest
date	15/11/2017
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Roads: Shrewsbury
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what representations his Department has received from Shropshire Council on the timing of receipt of its business case for the North West Relief Road; what process his Department plans to apply to assess that business case; what the timetable is from its receipt for a decision on that business case; and if he will make a statement.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	113431
answer	answer is ministerial correction date of answer 21/11/2017 answer text <p>Shropshire Council has informed the Department that it intends to submit the business case for the Shrewsbury North West Relief Road by 22 December. The Department will assess the strategic, economic, financial, management and commercial aspects of the business case as defined in the Department’s published Transport Business Case guidance. This will be done alongside the assessment of business cases for other schemes that the Department receives at the same time. The process is competitive and the Department aims to announce a decision on which schemes will be funded by summer 2018.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 21/11/2017 14:53:34 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski