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1327901

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employees' Contributions: Older Workers
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 (a) implications for revenue and (b) potential merits of extending employee national insurance contributions to people over the age of 65.
tabling member constituency	Peterborough
tabling member printed	Paul Bristow
uin	7294
answer	answer is ministerial correction date of answer 28/05/2021 answer text <p>The “Estimated costs of principal tax reliefs” publication sets out that the estimated cost of the exemption of those over State Pension age (SPa) from paying National Insurance contributions (NICs) was about £1.1bn in 2019-20. However, this does not take account of any behavioural changes as a result of the relief and, in practice, if it were withdrawn, taxpayers’ behaviour could alter so that the actual yield would be very different from, and often smaller than, that shown in the tables:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs</a>.</p><p> </p><p>As with all taxes,the Treasury keeps National Insurance Contributions under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 28/05/2021 13:54:14 answering member 3991 label Biography information for Jesse Norman
tabling member	4792 label Biography information for Paul Bristow

1315131

registered interest
date	17/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how his Department works with HMRC to help ensure that VAT rulings are equitable to all stakeholders; and whether his Department monitors the appeals process of those decisions.
tabling member constituency	Peterborough
tabling member printed	Paul Bristow
uin	2469
answer	answer is ministerial correction date of answer 25/05/2021 answer text <p>HM Treasury has no statutory authority over the application of VAT rulings or the appeals process of those decisions; this is wholly within the remit of HM Revenue and Customs. HM Revenue and Customs apply the law objectively to ensure that businesses apply the tax rules correctly.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 25/05/2021 16:08:31 answering member 3991 label Biography information for Jesse Norman
tabling member	4792 label Biography information for Paul Bristow

1275170

registered interest
date	11/01/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Entertainments: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what financial support is available for self-employed people in the entertainment sector during the covid-19 outbreak.
tabling member constituency	Peterborough
tabling member printed	Paul Bristow
uin	136081
answer	answer is ministerial correction date of answer 19/01/2021 answer text <p>The Government recognises the impact that closures across the country will have on the entertainment industry, as well as those who work within it, and remains committed to supporting the sector through the impact of the pandemic.</p><p> </p><p>The Culture Recovery Fund has already supported a wide range of cultural organisations, including venues, festivals and theatres. The £1 billion already committed has supported 3,000 organisations and more than 75,000 jobs. The remaining £400m of Culture Recovery Fund grants and loans announced on 11 December will support significant cultural organisations and those who work within them who now face financial distress as a result of closure, as well as helping them transition back to fuller opening in the spring.</p><p> </p><p>Further, the third grant of the Self-Employment Income Support Scheme (SEISS) will be available to self-employed individuals, including those working within the entertainment sector, who have been affected by reduced demand or have been unable to trade due to COVID-19, which they believe will lead to a significant reduction in their trading profits.</p><p> </p><p>The online service for the third grant is open to claims until 29 January 2021. Guidance on who can claim has been published on gov.uk: <a href="https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme" target="_blank">https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme</a>.</p><p> </p><p>There will also be a fourth grant covering February to April 2021. The Government will set out further details, including the level of the fourth grant, in due course.</p><p> </p><p>Moreover, the SEISS continues to be just one element of a substantial package of support for the self-employed. Those ineligible for the SEISS may still be eligible for other elements of the 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 19/01/2021 12:30:00 answering member 3991 label Biography information for Jesse Norman
tabling member	4792 label Biography information for Paul Bristow

1237489

registered interest
date	24/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employee Ownership
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 reducing the Share Incentive Plan (SIP) holding period from five to three years.
tabling member constituency	Peterborough
tabling member printed	Paul Bristow
uin	95238
answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>Share Incentive Plans (SIPs) are tax-advantaged employee share schemes, intended to encourage businesses to share financial rewards with their staff, to help to motivate their workforce, support productivity and recruit and retain staff.</p><p> </p><p>SIPs provide generous tax reliefs on shares, including exemption from IT and NICs, and CGT benefits if shares are kept in the plan until sold. To receive the full tax relief, shares must be held for at least five years. The Government believes this is an appropriate length of time to support the policy’s aims to assist staff retention and improved productivity, as well as helping to align company and employee interests.</p><p> </p><p>The Government keeps all taxes and reliefs under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/10/2020 14:46:54 answering member 3991 label Biography information for Jesse Norman
tabling member	4792 label Biography information for Paul Bristow

1237490

registered interest
date	24/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Save as You Earn: Resignations
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment the Government has made of the potential merits of changing the rules governing Save As You Earn (SAYE) schemes to make resignation from an employer a good leaver reason.
tabling member constituency	Peterborough
tabling member printed	Paul Bristow
uin	95239
answer	answer is ministerial correction date of answer 02/10/2020 answer text <p>Save As You Earn (SAYE) is a scheme that allows employees to save up to £500 a month over a three or five year savings contract. Savings can be taken as cash, or used to purchase tax-advantaged company shares at a price determined at the start of the contract. The scheme is intended to support staff retention and engagement, by encouraging employees to regularly save towards a financial reward offered by the employer.</p><p> </p><p>The SAYE scheme allows businesses to distinguish between a “good leaver” and a “bad leaver” if an employee leaves within the agreed savings period. The Government believes that these current rules are an appropriate way to support the policy’s aims. “Good leavers”, such as those who leave the company on retirement or redundancy, can retain the scheme's tax advantages when exercising their share options. Where employees leave the company voluntarily, they can still withdraw their accrued savings in the scheme, but do not receive tax advantaged shares. No assessment has been made of making resignation from an employer a “good leaver” reason.</p><p> </p><p>The Government keeps all taxes and reliefs under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 02/10/2020 12:16:38 answering member 3991 label Biography information for Jesse Norman
tabling member	4792 label Biography information for Paul Bristow

1150845

registered interest
date	21/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Revenue and Customs: Peterborough
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 effect on the (a) employment prospects and (b) financial security of former staff of the HMRC office in Peterborough of the closure of that office.
tabling member constituency	Peterborough
tabling member printed	Ms Lisa Forbes
uin	2900
answer	answer is ministerial correction date of answer 29/10/2019 answer text <p>HMRC’s office in Peterborough (Churchgate) is scheduled to close in December 2020 with staff moving where possible to the Stratford Regional Centre, or to Croydon or Nottingham if these are more suitable options. One-to-one meetings between staff and managers to discuss personal circumstances and support packages tailored to individual needs are scheduled to start in November 2019. The precise impact of the office closure will not be known until these meetings have been completed.</p><p> </p><p>HMRC will support people who are unable to move to work through all possible options, including helping them to find another role and offering advice and training on applying for jobs. HMRC have a close working relationship with the other government departments in Peterborough and will continue to scope opportunities for their staff as they arise.</p><p> </p><p>HMRC are committed to supporting their people and in July 2019 HMRC published a People and Equality Impact Assessment, which is available here: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/817787/People_and_Equality_Impact_Assessment_-_Locations_Programme__2019_.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/817787/People_and_Equality_Impact_Assessment_-_Locations_Programme__2019_.pdf</a>. The document sets out the actions HMRC are taking across the UK to minimise the impacts on their people.</p><p> </p><p> </p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 29/10/2019 13:35:38 answering member 3991 label Biography information for Jesse Norman
tabling member	4717 label Biography information for Ms Lisa Forbes