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1283985

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-employment Income Support Scheme
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 excluding from the self employment income support scheme people who have less than 50 per cent of their income coming from self-employment on levels of financial adversity in that group.
tabling member constituency	Poplar and Limehouse
tabling member printed	Apsana Begum
uin	149351
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The design of the SEISS, including the eligibility requirement that an individual’s trading profits must be at least equal to their non-trading income, is intended to target support at those who most need it, and who are most reliant on their self-employment income.</p><p> </p><p>The Government does recognise that some of the rules, criteria and conditions necessary to ensure that the Self-Employment Income Support Scheme (SEISS) worked for the vast majority of people have meant that some did not qualify.</p><p> </p><p>Those who are ineligible for the SEISS may still be eligible for other elements of the substantial package of support available. The Universal Credit standard allowance has been temporarily increased for 2020-21 and the Minimum Income Floor relaxed for the duration of the crisis, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition to this, they may also have access to other elements of the package, including Bounce Back loans, tax deferrals, rental support, mortgage holidays, self-isolation support payments and other business support grants.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 11:29:28 answering member 3991 label Biography information for Jesse Norman
tabling member	4790 label Biography information for Apsana Begum

1284049

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hospitality Industry: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the economic effect on the hospitality sector of the reduced rate of VAT for customers and businesses in that sector.
tabling member constituency	Fylde
tabling member printed	Mark Menzies
uin	149211
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The temporary reduced rate of VAT (five per cent) was introduced to support the cash flow and viability of over 150,000 businesses and protect 2.4 million jobs in the hospitality and tourism sectors. This relief comes at an estimated cost to Government of over £2 billion and is therefore expected to have benefited the sector by reducing its VAT liabilities by this amount.</p><p> </p><p>The Government keeps all taxes under review, and any future decisions on tax policy will be made at Budget.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 11:31:00 answering member 3991 label Biography information for Jesse Norman
tabling member	3998 label Biography information for Mark Menzies

1284083

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hospitality Industry and Tourism: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to maintain VAT at 5 per cent for supplies of hospitality, hotel and holiday accommodation and admissions to certain attractions in Budget 2021.
tabling member constituency	Warrington North
tabling member printed	Charlotte Nichols
uin	149353
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The temporary reduced rate of VAT was introduced on 15 July to support the cash flow and viability of over 150,000 businesses and protect 2.4 million jobs in the hospitality and tourism sectors, and will run until 31 March 2021.</p><p> </p><p>The Government keeps all taxes under review, and any future decisions on tax policy will be made at Budget.</p><p> </p><p>The Government has announced a significant support package to help businesses from a whole range of sectors through the winter months, which includes an extension of the Coronavirus Job Retention Scheme, an extension of the Self-Employment Income Support Scheme grant, and an extension of the application window for the Government-backed loan schemes.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 11:32:52 answering member 3991 label Biography information for Jesse Norman
tabling member	4799 label Biography information for Charlotte Nichols

1284137

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Infrastructure Bank: Location
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what his criteria are for determining the location of the UK Infrastructure Bank; whether local authorities have been invited to submit bids to host the bank; and when he plans to announce a decision on the location of the bank.
tabling member constituency	Vale of Clwyd
tabling member printed	Dr James Davies
uin	149274
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The Government is considering a wide range of relevant factors, in order to ensure that it chooses a location in the North of England that meets the bank’s needs while supporting the Government’s wider levelling up agenda. At Budget, the Chancellor will set out comprehensive details regarding the operations, mandate and scale of the bank.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 11:23:30 answering member 3991 label Biography information for Jesse Norman
tabling member	4476 label Biography information for Dr James Davies

1284138

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Infrastructure Bank: Development Bank of Wales
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he plans to take to ensure co-operation between the UK Infrastructure Bank and the Development Bank of Wales.
tabling member constituency	Vale of Clwyd
tabling member printed	Dr James Davies
uin	149275
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The new national infrastructure bank will help to support infrastructure projects across the whole of the UK, including Wales. The new bank is primarily aimed at increasing investment in infrastructure, whereas the Development Bank of Wales focuses on business support. Where their interests are aligned on specific projects, the two institutions will be able to work collaboratively.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 11:34:19 answering member 3991 label Biography information for Jesse Norman
tabling member	4476 label Biography information for Dr James Davies

1284139

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Infrastructure Bank: Union Connectivity Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he has taken to ensure that the UK Infrastructure Bank makes an assessment of the implications for its policies of the recommendations of the Union Connectivity Review.
tabling member constituency	Vale of Clwyd
tabling member printed	Dr James Davies
uin	149276
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The Government is committed to levelling up all regions of the country and unleashing the power of the union. Both the infrastructure bank and the Union Connectivity Review are part of the strategic vision set out in the National Infrastructure Strategy to transform the nation’s infrastructure. The new bank will help to support infrastructure projects across the whole of the UK. Further details will be announced at Budget. The Union Connectivity Review will look at options to improve transport connectivity between England, Wales, Scotland and Northern Ireland. The interim report is due to be published shortly, with the full report expected in Summer 2021.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 11:26:12 answering member 3991 label Biography information for Jesse Norman
tabling member	4476 label Biography information for Dr James Davies

1284146

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Stamp Duties: First Time Buyers
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 effect on levels of first-time home ownership of extending the stamp duty holiday.
tabling member constituency	Birkenhead
tabling member printed	Mick Whitley
uin	149336
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The temporary SDLT relief was designed to stimulate immediate momentum in a property market where property transactions fell by as much as 50 per cent during the COVID-19 lockdown in March. This has also supported the jobs of people whose employment relies on custom from the property industry, such as retailers and tradespeople. First time buyers will benefit from the increase in available properties and save up to an additional £10,000 in SDLT, on top of the £5,000 they could already save under First Time Buyers relief.</p><p> </p><p>The Government will continue to monitor the market. However, as the relief was designed to provide an immediate stimulus to the property market, the Government does not plan to extend this relief.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 13:59:56 answering member 3991 label Biography information for Jesse Norman
tabling member	4755 label Biography information for Mick Whitley

1284151

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Self-employment Income Support Scheme: Disclosure of Information
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 his decision not to release details of the fourth Self-Employment Income Support Scheme (SEISS) grant covering February to April 2021 until the Budget on 3 March 2020 on the ability of eligible self-employed people to pay their personal and business bills and expenses in February 2021; and for what reason he did not make those details available at the same time as he announced the extension of the Coronavirus Job Retention Scheme to April 2021.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	149191
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The Government is committed to supporting the self-employed population during the COVID-19 pandemic through a substantial package of support.</p><p> </p><p>The three Self-Employment Income Support Scheme (SEISS) grants combined provided up to £21,570 of support for each individual, placing the SEISS among the most generous schemes for the self-employed in the world. As of 31 December, about 2.7 million individuals have made claims totalling over £18.9 billion so far across all three grants.</p><p> </p><p>The claims window for the third grant closed on 29 January 2021. The Government confirmed in January that further details of the fourth grant, which will cover February to the end of April, will be announced alongside other economic updates at Budget in March.</p><p> </p><p>The SEISS is just one element of a substantial package of support for the self-employed which includes Bounce Back loans, tax deferrals, rental support, mortgage holidays, self-isolation support payments and other business support grants.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 14:36:30 answering member 3991 label Biography information for Jesse Norman
tabling member	3930 label Biography information for Caroline Lucas

1284162

registered interest
date	04/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance: Netherlands
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to prevent companies funnelling profits into low tax subsidiaries in the Netherlands.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	149161
answer	answer is ministerial correction date of answer 12/02/2021 answer text <p>The UK has led international efforts to tackle avoidance by multinationals, including through the OECD Base Erosion and Profit Shifting (“BEPS”) Project which looks at aggressive tax planning strategies that exploit tax rules to artificially shift profits to low tax jurisdictions where there is little or no economic activity.</p><p> </p><p>This international collaboration has led to the introduction of hybrid mismatch rules that prevent multinationals exploiting differences in the tax systems of different countries, a requirement for UK headed large businesses to provide HMRC with a country-by-country report, detailing their global profits, tax and assets to ensure they are paying the correct tax on all their UK activity, and a Corporate Interest Restriction that protects against companies using intra-group loans to shift profits overseas.</p><p> </p><p>Alongside these multilateral efforts are UK domestic rules that have complemented these changes.</p><p> </p><p>In April 2015, the UK Government introduced the Diverted Profits Tax (‘DPT’). DPT was designed to counter contrived arrangements used by multinational corporations to shift their profits offshore and avoid paying tax in the UK on their economic activities here.</p><p> </p><p>In January 2019 HMRC launched a new Profit Diversion Compliance Facility (‘PDCF’) to encourage businesses to stop diverting profits and pay what is due. About two-thirds of the large businesses targeted so far have decided to use the facility to bring their tax affairs up to date quickly and efficiently, enabling HMRC to focus even more resources on investigating businesses which continue to divert profits.</p><p> </p><p>Multinationals can often have complicated tax affairs and HMRC are determined to ensure that their profits are correctly attributed, and they are paying all the tax they owe.</p><p> </p><p>Additional information about HMRC’s work to tackle profit diversion by multinational companies is available on GOV.UK along with the most recent Transfer Pricing and Diverted Profits Tax statistics:</p><p> </p><p><a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020/tackling-profit-diversion-by-multi-national-companies" target="_blank">https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020/tackling-profit-diversion-by-multi-national-companies</a></p><p> </p><p><a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020" target="_blank">https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2019-to-2020</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2021 13:51:40 answering member 3991 label Biography information for Jesse Norman
tabling member	318 label Biography information for John Spellar

1282109

registered interest
date	03/02/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Termination of Employment: Coronavirus
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 ensure that people who have been refused furlough by their employer during the covid-19 outbreak have been issued with a P45.
tabling member constituency	Caithness, Sutherland and Easter Ross
tabling member printed	Jamie Stone
uin	145857
answer	answer is ministerial correction date of answer 03/02/2021 answer text <p>It is for an employer to decide whether to offer furlough to their employees; employers are under no obligation to participate in the scheme.</p><p> </p><p>Under the Income Tax (Pay As You Earn) Regulations 2003, employers must issue a P45 when an employee stops working for them.</p><p> </p><p>If HMRC were made aware that a P45 had not been provided, HMRC may attempt to contact the employer. Consideration could also be given as to whether HMRC’s Employer Compliance staff should intervene to obtain the P45.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 03/02/2021 12:51:06 answering member 3991 label Biography information for Jesse Norman
tabling member	4612 label Biography information for Jamie Stone