Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1300515

registered interest
date	09/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Infrastructure: Finance
house id	1
legislature	25259 pref label House of Commons
question text	What steps his Department is taking to increase funding for UK infrastructure.
tabling member constituency	Wakefield
tabling member printed	Imran Ahmad Khan
uin	913181
answer	answer is ministerial correction date of answer 09/03/2021 answer text <p>The Government is committed to ensuring that businesses and infrastructure projects continue to have access to the finance they need.</p><p> </p><p>Government investment in economic infrastructure will be £27 billion in 2021-22. The Spring Budget set out further details on the new UK Infrastructure Bank.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/03/2021 12:44:19 answering member 3991 label Biography information for Jesse Norman
tabling member	4841 label Biography information for Imran Ahmad Khan

1300518

registered interest
date	09/03/2021
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	If his Department will make an assessment of the potential merits of making permanent the five per cent reduced rate of VAT for the tourism and hospitality sector.
tabling member constituency	Orkney and Shetland
tabling member printed	Mr Alistair Carmichael
uin	913203
answer	answer is ministerial correction date of answer 09/03/2021 answer text <p>The temporary reduced rate of VAT was introduced on 15 July to support the cash flow and viability of about 150,000 businesses and to protect over 2.4 million jobs in the hospitality and tourism sectors. As announced at Budget, this relief will now run until 31 March 2022, with a staggered return to the standard rate. Applying this relief permanently would come at a significant cost to the Exchequer, and that cost would have to be balanced by increased taxes elsewhere, or reductions in Government spending.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/03/2021 12:45:58 answering member 3991 label Biography information for Jesse Norman
tabling member	1442 label Biography information for Mr Alistair Carmichael

1300694

registered interest
date	09/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Institutions: Disclosure of Information
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department has taken to ensure that banks, building societies and other financial institutions report accurate financial data to HMRC; and what redress is available in the event of financial institutions’ non-compliance.
tabling member constituency	Coventry South
tabling member printed	Zarah Sultana
uin	165686
answer	answer is ministerial correction date of answer 17/03/2021 answer text <p>Banks, building societies and other financial institutions are required to provide a variety of information returns to HM Revenue and Customs (HMRC) on an accurate and timely basis. They are subject to HMRC’s usual compliance processes and if the information provided is late or found to be inaccurate following a compliance check, the taxpayer may be subject to penalties.</p><p> </p><p>The UK’s largest businesses, which includes many financial institutions, are subject to an enhanced risk review, as part of HMRC’s Business Risk Review process.</p><p> </p><p>In addition to this, over 98% of banks and building societies are signatories to the Code of Practice on Taxation for Banks. Their commitments under the Code include complying with their tax obligations, which include providing accurate information to HMRC, as well as maintaining a transparent relationship with HMRC. If a signatory is found to be in breach of these commitments, HMRC are able to disclose this, naming the bank in their annual report on the Code.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 17/03/2021 13:52:45 answering member 3991 label Biography information for Jesse Norman
tabling member	4786 label Biography information for Zarah Sultana

1300867

registered interest
date	09/03/2021
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, for what reasons businesses eligible for the fifth self-employed grant announced in Budget 2021 will be eligible to claim the equivalent of 80 per cent of three months average trading profits capped at £7,500 when the grant period covers five months from May to September; and what plans he has to help meet lost income for the remaining two months.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	165488
answer	answer is ministerial correction date of answer 17/03/2021 answer text <p>The Government announced at Budget 2021 that the Self-Employment Income Support Scheme (SEISS) will continue until September, with a fourth and a final fifth grant. The fourth SEISS grant, available to claim from late April, will be worth 80% of average trading profits, paid out in a single instalment covering three months’ worth of annual profits, and capped at £7,500 in total. Further details of the fifth SEISS grant will be published in due course.</p><p> </p><p>Grants are now based on 2019-20  tax returns which is the most up to date information HMRC holds for self-employed individuals. This means that the Government is now in a position to provide support to hundreds of thousands of newly eligible self-employed individuals.</p><p>Using these returns requires time to deliver, due to the increased population and new data. Guidance on how to claim the fourth grant will be available in due course.</p><p> </p><p>The SEISS and the Coronavirus Job Retention Scheme (CJRS) are very different schemes. The CJRS pays for hours which are not worked, while SEISS claimants can work while claiming. Furthermore, as the Chancellor announced, employers will be required to contribute to CJRS payments as the economy reopens.  The SEISS is not intended to provide a month-by-month replacement of income. Due to the volatility of self-employed income and the lack of granular data that HMRC hold on self-employed trading profits, precise mapping of income replacement month by month is not possible. Instead, the SEISS provides a lump sum payment to support eligible self-employed individuals whose businesses have been affected by coronavirus.</p><p> </p><p>The SEISS is just one part of a wider package of support for the self-employed. The temporary £20 per week increase to the Universal Credit standard allowance has been extended for six months, and the suspension of the Minimum Income Floor for three months, to the end of July 2021, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition, they may also have access to other elements of the package, including Restart Grants, the Recovery Loan scheme, business rates relief, and other business support schemes.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 165489 question first answered 17/03/2021 13:42:45 answering member 3991 label Biography information for Jesse Norman
tabling member	3930 label Biography information for Caroline Lucas

1300868

registered interest
date	09/03/2021
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 steps the Government is taking to provide financial support for people potentially eligible for the Self-Employed Income Support Scheme (SEISS) prior to being able to make a claim to either the fourth or fifth SEISS grants; and for what reasons that scheme does not deliver parity with the Coronavirus Job Retention Scheme with regard to the payment schedule.
tabling member constituency	Brighton, Pavilion
tabling member printed	Caroline Lucas
uin	165489
answer	answer is ministerial correction date of answer 17/03/2021 answer text <p>The Government announced at Budget 2021 that the Self-Employment Income Support Scheme (SEISS) will continue until September, with a fourth and a final fifth grant. The fourth SEISS grant, available to claim from late April, will be worth 80% of average trading profits, paid out in a single instalment covering three months’ worth of annual profits, and capped at £7,500 in total. Further details of the fifth SEISS grant will be published in due course.</p><p> </p><p>Grants are now based on 2019-20  tax returns which is the most up to date information HMRC holds for self-employed individuals. This means that the Government is now in a position to provide support to hundreds of thousands of newly eligible self-employed individuals.</p><p>Using these returns requires time to deliver, due to the increased population and new data. Guidance on how to claim the fourth grant will be available in due course.</p><p> </p><p>The SEISS and the Coronavirus Job Retention Scheme (CJRS) are very different schemes. The CJRS pays for hours which are not worked, while SEISS claimants can work while claiming. Furthermore, as the Chancellor announced, employers will be required to contribute to CJRS payments as the economy reopens.  The SEISS is not intended to provide a month-by-month replacement of income. Due to the volatility of self-employed income and the lack of granular data that HMRC hold on self-employed trading profits, precise mapping of income replacement month by month is not possible. Instead, the SEISS provides a lump sum payment to support eligible self-employed individuals whose businesses have been affected by coronavirus.</p><p> </p><p>The SEISS is just one part of a wider package of support for the self-employed. The temporary £20 per week increase to the Universal Credit standard allowance has been extended for six months, and the suspension of the Minimum Income Floor for three months, to the end of July 2021, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition, they may also have access to other elements of the package, including Restart Grants, the Recovery Loan scheme, business rates relief, and other business support schemes.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 165488 question first answered 17/03/2021 13:42:45 answering member 3991 label Biography information for Jesse Norman
tabling member	3930 label Biography information for Caroline Lucas

1300112

registered interest
date	08/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Broadband: Capital Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether investment in the laying of fibre cables as part of the UK's broadband rollout will qualify for the Super Deduction on capital expenditure announced in Budget 2021.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	164465
answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>Budget 2021 announced that from 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will benefit from both the 130% super-deduction and a 50% first-year capital allowance.</p><p> </p><p>Expenditure on qualifying plant and machinery capital investments used by a company in the course of a trade can qualify for the relevant first-year allowance, including fibre cables. Software can also qualify for the super-deduction, provided the company makes an election to remove software from the intangible fixed assets regime. Expenditure on the learning and development of staff does not qualify for the super-deduction but is already an allowable expense for tax purposes.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 164468 question first answered 11/03/2021 14:34:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4124 label Biography information for Chi Onwurah

1300119

registered interest
date	08/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Allowances
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 effect of the Super Deduction capital allowance introduced in Budget 2021 on investment in people and skills.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	164468
answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>Budget 2021 announced that from 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will benefit from both the 130% super-deduction and a 50% first-year capital allowance.</p><p> </p><p>Expenditure on qualifying plant and machinery capital investments used by a company in the course of a trade can qualify for the relevant first-year allowance, including fibre cables. Software can also qualify for the super-deduction, provided the company makes an election to remove software from the intangible fixed assets regime. Expenditure on the learning and development of staff does not qualify for the super-deduction but is already an allowable expense for tax purposes.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 164465 question first answered 11/03/2021 14:34:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4124 label Biography information for Chi Onwurah

1300142

registered interest
date	08/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Protective Clothing: VAT Zero Rating
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 merits of extending the VAT exemption on personal protective equipment available for (a) funeral homes and (b) other businesses.
tabling member constituency	Coventry South
tabling member printed	Zarah Sultana
uin	164644
answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>The temporary zero rate was an extraordinary measure introduced to help affected sectors such as hospitals and care homes during the initial acute period of the COVID-19 crisis, when global supply of PPE did not meet demand and PPE was procured directly from the open market.</p><p> </p><p>Companies in the funeral sector source their own PPE through their normal supply routes. In extreme circumstances, there is provision for them to approach their Local Resilience Forum (LRF) or local authority, where the LRF has stood down, to discuss access to an emergency supply. Given this, there are no plans to review the VAT treatment of PPE.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/03/2021 12:47:18 answering member 3991 label Biography information for Jesse Norman
tabling member	4786 label Biography information for Zarah Sultana

1300166

registered interest
date	08/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hire Services: UK Trade with EU
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 25 February 2021 to Question 912435 on hire companies and trade with the EU, once the hire company has checked the national regulations of the country it is doing business in to understand how best to operate, what tax is payable when hire goods return through UK customs; what paperwork must be completed; and where hire companies can find the detail of the applicable UK regulations.
tabling member constituency	Glasgow North East
tabling member printed	Anne McLaughlin
uin	164521
answer	answer is ministerial correction date of answer 11/03/2021 answer text <p>If taking goods temporarily out of the UK (including hiring), an ATA Carnet can help simplify customs formalities by allowing a single document to be used for clearing goods through customs in the countries that are part of the ATA Carnet system. Both the UK and all EU Member States accept ATA Carnets. In the UK, ATA Carnets are administered by the London Chamber of Commerce and Industry (LCCI). Business wishing to use ATA Carnets are advised to contact the LCCI directly to discuss their business needs.</p><p> </p><p>Temporary Admission offers an alternative means to import goods temporarily into the EU, provided the relevant conditions are met. The management of EU import and export procedures is the responsibility of the customs authorities of the EU Member States so businesses and individuals should confirm the processes at their port of arrival.</p><p> </p><p>Businesses re-importing goods into the UK can claim relief from import VAT and any customs duty under Returned Goods Relief (RGR), provided specific conditions are met. RGR applies to goods exported from the UK and re-imported within three years in an unaltered state and can apply to goods which are imported into the UK following their export from the UK under Temporary Admission or with an ATA Carnet.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/03/2021 12:45:18 answering member 3991 label Biography information for Jesse Norman
tabling member	4437 label Biography information for Anne McLaughlin

1300173

registered interest
date	08/03/2021
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, if he will make an assessment of the potential merits of extending the Self-Employment Income Support Scheme to include people who did not return a self-assessment form before 3 March 2021.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	164380
answer	answer is ministerial correction date of answer 16/03/2021 answer text <p>At the Budget on 3 March, the Government announced the details of two further rounds of the Self-Employment Income Support Scheme (SEISS). Alongside this, the Government announced that HMRC will now use 2019-20 tax returns to determine the eligibility and award for the SEISS, provided these returns were submitted by 2 March.</p><p> </p><p>This means that more than 600,000 people, many of whom became self-employed in 2019-20, may now be able to claim the fourth and fifth grants, bringing the total number of people who could be eligible to 3.7 million.</p><p> </p><p>The Government has already given self-employed people more than a month after the statutory deadline to submit their returns without penalty. HMRC waived late filing penalties until 28 February. Self-employed individuals who did not file by 31 January will, where possible, have received a notification from HMRC that their return was late.</p><p> </p><p>Allowing returns submitted on or after the terms and criteria of the SEISS grants were announced on 3 March would create a significant incentive for fraud.</p><p><strong> </strong></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 16/03/2021 13:19:30 answering member 3991 label Biography information for Jesse Norman
tabling member	1447 label Biography information for Andrew Rosindell