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1350529

registered interest
date	22/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Capital Gains Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the amount of capital gains tax (a) collected and (b) that remains outstanding owed from taxpayers under (i) Bitcoin trading and (ii) other financial activity in decentralised finance in each tax year between 2013 and 2020.
tabling member constituency	Shrewsbury and Atcham
tabling member printed	Daniel Kawczynski
uin	37100
answer	answer is ministerial correction date of answer 06/09/2021 answer text <p>Capital Gains Tax (CGT) is due on gains from cryptoassets held as investments which are taxed in line with CGT tax rates and exemptions rules as for other assets. The Self-Assessment form does not currently separate capital gains made on cryptoassets from other assets. As a result, a reliable estimate for Capital Gains Tax due from cryptoassets would only be available at a disproportionate cost.</p><p> </p><p>Decentralised Finance (also known as DeFi) is a comparatively recent innovation with notable uptake during mid-2020. Amounts arising from decentralised finance are, generally, liable to either Income Tax or Capital Gains Tax. However, as with cryptoassets, the Self-Assessment form does not separate capital gains and/or income arising from decentralised finance. As a result, a reliable estimate of Capital Gains Tax or Income Tax collected from decentralised finance would only be available at a disproportionate cost.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 37101 question first answered 06/09/2021 15:21:45 answering member 3991 label Biography information for Jesse Norman
tabling member	1566 label Biography information for Daniel Kawczynski

519114

registered interest
date	18/05/2016
answering body	Department for Energy and Climate Change
answering dept id	63
answering dept short name	Energy and Climate Change
answering dept sort name	Energy and Climate Change
hansard heading	London Power Tunnels
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Energy and Climate Change, what the total gross expenditure on the London Power Tunnels Project is to date.
tabling member constituency	Caithness, Sutherland and Easter Ross
tabling member printed	Dr Paul Monaghan
uin	37100
answer	answer is ministerial correction date of answer 26/05/2016 answer text <p>National Grid has said that as of 1 May 2016 total gross expenditure on the programme of works on the London Power Tunnels Project is approximately £780m.</p><p> </p><p>Ofgem is responsible for regulating National Grid to ensure that the work they do represents value for money for consumers.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 26/05/2016 10:30:41 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4383 label Biography information for Dr Paul Monaghan