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1696525

registered interest
date	13/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Inflation
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 reduce inflation.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	902059
answer	answer is ministerial correction date of answer 19/03/2024 answer text <p>Responsible decisions to support the Bank mean the UK has now turned a corner on inflation, but the government remains committed to ensuring inflation returns sustainably to its 2% target. There are four key things the government is doing to further reduce inflation whilst supporting growth:</p><ul><li>Remaining steadfast in our support for the Monetary Policy Committee of the Bank of England as it acts to return inflation sustainably to the 2% target.</li><li>Boosting labour supply. Labour market conditions are a key problem affecting UK businesses’ growth, as well as a significant driver of domestic inflation. Across Spring Budget 2023, Autumn Statement 2023 and Spring Budget 2024 tax and labour market measures increase total hours worked by the equivalent of more than 300,000 full-time workers by 2028-29.</li><li>Introducing ambitious supply-side measures to support non-inflationary growth, including delivering full expensing to boost investment. The OBR estimate the impact of government policy, including tax and labour market measures, announced at the past three fiscal events mean the economy will be 0.7% bigger by the end of the forecast.</li><li>Since Autumn Statement 2023, borrowing has been lower than the OBR forecast. Borrowing is forecast to fall in every year to 2028-29. This would be the lowest level of borrowing as a share of GDP since 2001-02.</li></ul><p> </p><p>The OBR has concluded that measures in the Spring Budget – primarily freezes to fuel and alcohol duty – will reduce CPI inflation by 0.2% in 2024-25.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 19/03/2024 17:01:24 answering member 4639 label Biography information for Bim Afolami
tabling member	1500 label Biography information for Theresa Villiers

1625218

registered interest
date	02/05/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bankruptcy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the number of people who may declare bankruptcy as a result of (a) the loan charge and (b) other related HM Revenue and Customs activity.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	183345
answer	answer is ministerial correction date of answer 09/05/2023 answer text <p>I refer the Rt. Hon Member to the answer that I gave on 6 February to the Hon Members for Richmond Park, UIN 136718 and Strangford, UIN 137775.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 09/05/2023 17:05:33 answering member 4399 label Biography information for Victoria Atkins
tabling member	1500 label Biography information for Theresa Villiers

1625219

registered interest
date	02/05/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many businesses have been penalised for marketing or promoting schemes subject to the loan charge as of 2 May 2023.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	183346
answer	answer is ministerial correction date of answer 09/05/2023 answer text A key part of HM Revenue &amp; Customs’ (HMRC) 2020 strategy for tackling promoters of tax avoidance schemes, such as disguised remuneration (DR) schemes that are within scope of the Loan Charge, is to change their behaviour so that they stop this activity altogether.<p> </p><p> </p>HMRC uses a wide range of civil and criminal measures to tackle those who promote tax avoidance. For example, Finance Acts 2021 and 2022 provided HMRC with powers to publish the details of avoidance schemes and those who promote or operate them, in order to support taxpayers in identifying these schemes so they can steer clear or exit them.<p> </p><p> </p>HMRC has started to issue stop notices to promoters under the Promoters of Tax Avoidance Schemes legislation. These require them to stop promoting the tax avoidance scheme specified in the notice. Penalties of up to £1 million can be issued for failure to comply. In 2022, the First-Tier Tribunal imposed a penalty in excess of £1 million on a promoter for failing to disclose a scheme under the Disclosure of Tax Avoidance Schemes regime.<p> </p><p> </p>As a result of the action the Government has taken to clamp down on marketed tax avoidance, a number of major promoters have now cooperated with HMRC and have either stopped selling schemes or ceased business altogether, and the estimated tax gap from marketed avoidance sold primarily to individuals, has fallen from an estimated £1.5 billion in 2005-2006 to £0.4 billion in 2020-2021. answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 09/05/2023 16:02:36 answering member 4399 label Biography information for Victoria Atkins
tabling member	1500 label Biography information for Theresa Villiers

1603531

registered interest
date	13/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance: Suicide
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 prevent suicides by people facing HMRC action in relation to Loan Charge legislation and disguised remuneration schemes.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	163731
answer	answer is ministerial correction date of answer 16/03/2023 answer text <p>Any loss of life is a tragedy, and HMRC takes issues relating to loss of life or serious injury extremely seriously.</p><p>HMRC is committed to , wherever possible, identifying taxpayers who need extra help and giving them the support they need.</p><p> </p><p>Taxpayers are supported by HMRC’s trained advisers. Where appropriate, they signpost taxpayers to voluntary and community organisations. To further improve the emotional support offered to taxpayers, HMRC's Extra Support Teams and Samaritans are working together to deliver an 18-month project. As part of the project, Samaritans will help strengthen HMRC’s Extra Support Teams by providing additional guidance to identify taxpayers who might be in vulnerable circumstances, and signpost them to support. Where needed, HMRC will signpost customers to a dedicated Samaritans helpline for specialist emotional support.</p><p> </p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 16/03/2023 16:20:41 answering member 4399 label Biography information for Victoria Atkins
tabling member	1500 label Biography information for Theresa Villiers

1603532

registered interest
date	13/03/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the conclusions of the Morse Review, for what reason HMRC are pursuing people for pre-2010 tax years, in relation to Loan Charge legislation.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	163732
answer	answer is ministerial correction date of answer 16/03/2023 answer text <p>In the 2019 Independent Loan Charge Review, Lord Morse recommended that the Loan Charge should only apply to loans made on or after 9 December 2010.</p><p> </p><p>However, he was also clear that, for years before this date, where there is an open enquiry or assessment under appeal, HM Revenue and Customs (HMRC) should continue with enquiries and settling cases under their normal powers.</p><p> </p><p>HMRC continues to work with and support taxpayers to resolve all outstanding enquiries and assessments relating to their use of disguised remuneration (DR) loans, in accordance with their published DR settlement terms and HMRC Litigation and Settlement Strategy.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 16/03/2023 16:24:31 answering member 4399 label Biography information for Victoria Atkins
tabling member	1500 label Biography information for Theresa Villiers

1381875

registered interest
date	24/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Agricultural Shows: Business Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether agricultural shows and agricultural show grounds will qualify for the 50 per cent discount for Business Rates announced in the Budget 2021 for businesses in the hospitality, leisure and retail sectors.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	80924
answer	answer is ministerial correction date of answer 29/11/2021 answer text <p>Guidance setting out eligibility for the 2022-23 retail, hospitality and leisure relief will be published by the Department for Levelling Up, Housing and Communities in due course.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 29/11/2021 16:27:39 answering member 4517 label Biography information for Lucy Frazer
tabling member	1500 label Biography information for Theresa Villiers

1381876

registered interest
date	24/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Agricultural Shows: Red Diesel
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will allow agricultural shows and agricultural showgrounds to continue to use red diesel given their classification by his Department and animal health bodies as agricultural and licensed and regulated as such.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	80925
answer	answer is ministerial correction date of answer 29/11/2021 answer text <p>Following consultation in 2020, the Chancellor confirmed at Spring Budget 2021 that the Government will remove the entitlement to use red diesel from April 2022, other than for specific purposes, including vehicles and machinery used in agriculture, fish farming, forestry and horticulture.</p><p> </p><p>The specific purposes where rebated diesel can be used in agriculture are set out at section 9 of Excise Notice 75: Fuel for use in vehicles, which is available at:</p><p> </p><p>https://www.gov.uk/guidance/fuels-for-use-in-vehicles-excise-notice-75</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately question first answered 29/11/2021 14:10:17 answering member 4527 label Biography information for Helen Whately
tabling member	1500 label Biography information for Theresa Villiers

1381317

registered interest
date	23/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Taskforce On Innovation, Growth and Regulatory Reform
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent progress he has made on implementing the recommendations of the Taskforce on Innovation, Growth and Regulatory Reform relevant to his Department.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	80236
answer	answer is ministerial correction date of answer 30/11/2021 answer text <p>HM Treasury welcomes the independent report from the Taskforce on Innovation, Growth and Regulatory Reform (TIGRR) and strongly supports its objective to ensure that the UK’s regulatory framework effectively facilitates innovation and growth. On 16 September 2021 Lord Frost set out the government’s response to the TIGGR report in a statement to the House of Lords, which was accompanied by a letter to Sir Iain Duncan Smith MP.</p><p> </p><p>HM Treasury is progressing work relevant to a number of these recommendations. For example, new rules will come into effect on 1 December 2021 on disclosure of detailed costs and charges for professional clients and eligible counterparties.</p><p> </p><p>More broadly, the Chancellor set out an ambitious vision for the financial services sector at his Mansion House speech in July. The government is clear that the UK has a unique opportunity to assess whether it wants to do things differently, to ensure the financial services sector has the right rules and regulations for UK markets, and to build a system that continues to be one the rest of the world looks towards.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 30/11/2021 09:06:27 answering member 4051 label Biography information for John Glen
tabling member	1500 label Biography information for Theresa Villiers

1381386

registered interest
date	23/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Islamic Centre of England: Coronavirus Job Retention Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he can recover payments made to the Islamic Centre of England in Maida Vale, London, under the Coronavirus Job Retention Scheme as a result of that organisation's links with the Iranian government.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	80238
answer	answer is ministerial correction date of answer 01/12/2021 answer text <p>We do not comment on the commercial or financial matters of identifiable organisations.</p><p> </p><p>In designing the Coronavirus Job Retention Scheme, the Government has taken steps to protect public money against error, fraud, and abuse. Where the recipients of payments are found not to have been entitled to the money they have received, the Government has made provision for relevant powers and mechanisms to allow the money to be recovered and, where appropriate, penalties issued. These mechanisms have already been used to make recoveries and further compliance work is ongoing. However, there would be no basis for HMRC to set out to recover a grant from an employer that met the rules of the scheme.</p> answering member constituency South East Cambridgeshire answering member printed Lucy Frazer question first answered 01/12/2021 12:56:58 answering member 4517 label Biography information for Lucy Frazer
tabling member	1500 label Biography information for Theresa Villiers

1381088

registered interest
date	22/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Government Assistance: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much public money from covid support schemes has been paid to UK offices of the Iranian Government.
tabling member constituency	Chipping Barnet
tabling member printed	Theresa Villiers
uin	79293
answer	answer is ministerial correction date of answer 25/11/2021 answer text <p>HM Treasury does not comment on the commercial or financial matters of private firms.</p><p> </p><p>However, data on the employers who have claimed through the Coronavirus Job Retention Scheme (CJRS) is published regularly. For monthly data on the employers who have claimed through the Coronavirus Job Retention Scheme (CJRS) since December 2020, please see the published information at the following link: <a href="https://www.gov.uk/government/publications/employers-who-have-claimed-through-the-coronavirus-job-retention-scheme" target="_blank">https://www.gov.uk/government/publications/employers-who-have-claimed-through-the-coronavirus-job-retention-scheme</a>. The November 2021 publication provides the data for claim periods from December 2020 to August 2021. These details are correct at the date of publishing.</p><p> </p><p>Similarly, details of facilities made available to businesses under the covid loan schemes where required have either been published, or will be in the future, on the European Commission’s transparency database.</p> answering member constituency Faversham and Mid Kent answering member printed Helen Whately grouped question UIN 79294 question first answered 25/11/2021 10:46:59 answering member 4527 label Biography information for Helen Whately
tabling member	1500 label Biography information for Theresa Villiers