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1331345

registered interest
date	09/06/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU: Small Businesses
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 financial effect on small and medium sized enterprises of the additional costs of (a) VAT and (b) customs charges when exporting to the EU since the end of the transition period.
tabling member constituency	St Albans
tabling member printed	Daisy Cooper
uin	13229
answer	answer is ministerial correction date of answer 18/06/2021 answer text <p>The UK-EU Trade and Cooperation Agreement seeks to reduce the costs for traders of customs processes introduced following the end of the transition period with the EU. It supports efficient customs arrangements and ensures that goods originating in the EU or UK are not subject to tariffs. For goods that do not meet requirements of the rules of origin, tariffs still apply. Following the end of the transition period, sales from UK businesses to EU customers are exports and zero-rated for VAT purposes. This means that the UK business seller should not charge UK VAT on the sale and should retain evidence of export. In order to help businesses adapt to new requirements when trading with the EU, HMRC have launched the £20 million SME Brexit Support Fund to support small and medium sized businesses with new customs, Rules of Origin and VAT rules. The Government has also provided extensive guidance to help businesses adapt to the new requirements.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/06/2021 11:00:55 answering member 3991 label Biography information for Jesse Norman
tabling member	4769 label Biography information for Daisy Cooper

1331346

registered interest
date	09/06/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	UK Trade with EU: Small Businesses
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what financial assistance he has made available to small and medium sized enterprises to compensate for (a) lost revenue and (b) higher costs associated with exporting to EU countries since the end of the transition period.
tabling member constituency	St Albans
tabling member printed	Daisy Cooper
uin	13230
answer	answer is ministerial correction date of answer 18/06/2021 answer text <p>The UK-EU Trade and Cooperation Agreement seeks to reduce the costs of customs processes for traders by supporting efficient customs arrangements covering trade in goods, while ensuring that customs authorities remain able to protect their regulatory, security and financial interests. In order to help businesses adapt to new requirements when trading with the EU, HMRC have launched the £20 million SME Brexit Support Fund to support small and medium sized businesses with new customs, Rules of Origin and VAT rules. The Government has also provided extensive guidance and support.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/06/2021 10:58:16 answering member 3991 label Biography information for Jesse Norman
tabling member	4769 label Biography information for Daisy Cooper

1313879

registered interest
date	12/05/2021
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, for what reasons bowling alleys are excluded from the five per cent VAT reduction for the tourism and hospitality sector.
tabling member constituency	St Albans
tabling member printed	Daisy Cooper
uin	871
answer	answer is ministerial correction date of answer 21/05/2021 answer text <p>The temporary reduced rate of VAT for hospitality and tourism was introduced on 15 July 2020 to support the cash flow and viability of businesses in the hospitality and tourism sectors which have been severely affected by the coronavirus pandemic. Hospitality for the purposes of this relief includes the supply of food and non-alcoholic beverages from restaurants, cafes, pubs and similar establishments for consumption on the premises. It also includes the supply of hot food and non-alcoholic hot beverages to take away.</p><p> </p><p>If a ten-pin bowling business provides hospitality in this way, then it can benefit from the reduced rate. In general, admission charges that entitle a person to participate in events where the primary focus is a sporting activity will not be eligible for the reduced rate. This relief comes at a significant cost to the Exchequer, and there are no plans to extend the scope of the reduced rate. This policy will cost over £7 billion, and while some businesses in some sectors are disappointed, a boundary for eligibility had to be drawn.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 21/05/2021 11:37:50 answering member 3991 label Biography information for Jesse Norman
tabling member	4769 label Biography information for Daisy Cooper