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99789

registered interest
date	20/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Interest Rate Hedging Products
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with the Financial Conduct Authority on the interest rate swap redress scheme.
tabling member constituency	Aberconwy
tabling member printed	Guto Bebb
uin	211065
answer	answer is ministerial correction date of answer 28/10/2014 answer text <p>Treasury Ministers and officials meet with a wide range of organisations as part of the usual policy making process.</p><p> </p><p> </p><p> </p><p>However, the Chancellor has had no recent discussions with the FCA specifically regarding its review on the mis-selling of interest rate hedging products.</p><p> </p><p> </p><p> </p><p>It might be useful to know that the Treasury publishes a list of ministerial meetings with external organisations. This is available online at: http://www.hm-treasury.gov.uk/minister_hospitality.htm.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 28/10/2014 16:23:36 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3910 label Biography information for Guto Bebb

99712

registered interest
date	17/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Islam
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to extend Sharia financing within the UK banking system.
tabling member constituency	The Wrekin
tabling member printed	Mark Pritchard
uin	210980
answer	answer is ministerial correction date of answer 23/10/2014 answer text <p>There are currently no plans to extend shari'ah compliant financing into the UK banking system, but the Government will continue to work with the financial services industry to broaden the range of shari'ah compliant products and services available in the UK, and encourage the industry to play its part. The Government welcomes, for example, the recent creation of an Islamic Account by Lloyds Bank. This account allows customers who cannot receive credit or debit interest due to their religious beliefs to hold a bank account in the UK and is available to all UK citizens regardless of background or faith.</p><p> </p><p>Furthermore, The Bank of England has recently announced that it will be commencing work to assess the feasibility of establishing a shari'ah compliant facility next year, which the Government welcomes. Any such facility will help Islamic banks in the UK to better meet their obligations under the liquidity rules, bringing Islamic finance further into the mainstream.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 23/10/2014 13:56:47 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1576 label Biography information for Mark Pritchard

99713

registered interest
date	17/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Terrorism
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent steps he has taken to prevent banks within the UK banking system being used for funding domestic or international terrorism.
tabling member constituency	The Wrekin
tabling member printed	Mark Pritchard
uin	210981
answer	answer is ministerial correction date of answer 24/10/2014 answer text <p>The UK has a comprehensive anti-money laundering and counter financing of terrorism regime and the Government is committed to ensuring our financial system is a hostile environment for illicit finances.</p><p> </p><p> </p><p> </p><p>The international money laundering and counter financing of terrorism standards are incorporated into various pieces of UK law, predominantly the Money Laundering Regulations (2007) and the Proceeds of Crime Act (2002) and also the Terrorism Act 2000. All banks within the UK banking system must comply with that legislation.</p><p> </p><p> </p><p> </p><p>The Treasury is also responsible for implementing financial sanctions in the UK and for making designations under the Terrorist Asset Freezing etc. Act 2010. We are committed to ensuring that our terrorist asset freezing powers continue to be used and administered in an effective and proportionate way to help protect the public from the threat of terrorism.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 24/10/2014 13:20:09 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1576 label Biography information for Mark Pritchard

99714

registered interest
date	17/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Rent a Room Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the annual cost was of providing the rent-a-room tax scheme for each of the last five years; and if he will make a statement.
tabling member constituency	Edmonton
tabling member printed	Mr Andrew Love
uin	210995
answer	answer is ministerial correction date of answer 27/10/2014 answer text <p>HM Revenue and Customs (HMRC) have published information on estimates of the cost of the relief. For the year 2009-10, HMRC estimated the relief cost £120 million. For the years 2010-11 through to 2013-14 HMRC estimate the cost of the relief to be £90 million per annum.</p><p> </p><p> </p><p> </p><p>These figures are particularly tentative and subject to a wide margin of error.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 27/10/2014 16:31:13 answering member 1529 label Biography information for Mr David Gauke
tabling member	164 label Biography information for Mr Andrew Love

93753

registered interest
date	16/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Business: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assistance the Government provides to enable a person to remain in a home against which a bank loan for a business has been secured when they have defaulted on that loan.
tabling member constituency	Hemsworth
tabling member printed	Jon Trickett
uin	210909
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>UK borrowers taking out a business loan secured on their home have a number of protections available to them.</p><p> </p><p> </p><p> </p><p>The Financial Conduct Authority (FCA) has responsibility for the regulation of mortgages secured by a first charge against a borrower’s home, regardless of the purpose of that loan. These regulations include consumer protections to ensure that repossession is only used as a last resort.</p><p> </p><p> </p><p> </p><p>Where borrowers are taking out a second charge loan of £25,000 or less for a business purpose they are also protected under the FCA’s regulatory regime for consumer credit. The Government is currently consulting on the transfer of the regulation of second charge mortgages to the same regime as first charge mortgages.</p><p> </p><p> </p><p> </p><p>In addition, all borrowers are provided protection in the Courts, through the use of the Mortgage Pre-Action Protocol, which requires a Court to ensure that the lender has taken all reasonable steps to resolve the borrower’s payment difficulties before granting a possession order.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 22/10/2014 15:31:52 answering member 4117 label Biography information for Andrea Leadsom
tabling member	410 label Biography information for Jon Trickett

93758

registered interest
date	16/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Debt Collection
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will require HM Revenue and Customs to pause debt recovery action when a case has been accepted for investigation by the Adjudicator's Office and is awaiting a decision.
tabling member constituency	Bedford
tabling member printed	Richard Fuller
uin	210848
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>HMRC have no plans to change its current policy of treating each case on its merits. Where HMRC believe the debt should be paid they will ask the customer to make payment, and ultimately take recovery action, while the Adjudicator is investigating the complaint.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 22/10/2014 15:28:05 answering member 1529 label Biography information for Mr David Gauke
tabling member	3912 label Biography information for Richard Fuller

93759

registered interest
date	16/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Aviation: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential effect on Northern Ireland of the operation of the Regional Air Connectivity Fund.
tabling member constituency	East Antrim
tabling member printed	Sammy Wilson
uin	210874
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>Airports across the UK play an important role in securing connectivity for local populations and contribute to local, regional and national economies. The aviation sector’s economic output to the whole UK economy in 2011 was approximately £18 billion, and it employs around 220,000 workers directly and supports many more indirectly. The Government has not made an assessment of the potential effects on Northern Ireland of the operation of the Regional Air Connectivity Fund. Airports in Northern Ireland will be able to apply for support from the Fund if they meet the qualifying criteria.</p><p> </p> answering member constituency Inverness, Nairn, Badenoch and Strathspey answering member printed Danny Alexander question first answered 22/10/2014 15:44:00 answering member 1535 label Biography information for Danny Alexander
tabling member	1593 label Biography information for Sammy Wilson

93872

registered interest
date	16/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Social Security Benefits: Disability
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the difference in the average proportion of income paid in tax annually by claimants of (a) employment and support allowance, (b) disability living allowance and (c) incapacity benefit.
tabling member constituency	Dudley North
tabling member printed	Ian Austin
uin	210948
answer	answer is ministerial correction date of answer 05/12/2014 answer text <p>There are no published estimates of the tax paid by claimants of the three benefits.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 05/12/2014 14:39:01 answering member 1529 label Biography information for Mr David Gauke
tabling member	1511 label Biography information for Lord Austin of Dudley

93460

registered interest
date	15/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Cayman Islands
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the evidential basis of the decision by the Financial Conduct Authority to list the Cayman Islands as a high-risk country for financial crime.
tabling member constituency	Hendon
tabling member printed	Dr Matthew Offord
uin	210622
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>The Financial Conduct Authority is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act (2000) as amended by the Financial Services Act (2012). As an independent body, the evidential basis of their decisions is a matter for the FCA.</p><p> </p><p> </p><p> </p><p>HM Treasury is aware that the FCA has removed the list in question from its website, and is no longer using it.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 22/10/2014 15:23:12 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4006 label Biography information for Dr Matthew Offord

93461

registered interest
date	15/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Landfill Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, when Ministers in his Department were made aware of HM Revenue and Customs' proposed changes to the definition of qualifying materials for the lower rate of landfill tax.
tabling member constituency	Hitchin and Harpenden
tabling member printed	Mr Peter Lilley
uin	210616
answer	answer is ministerial correction date of answer 22/10/2014 answer text <p>In response to concerns over the mis-description of fines (residual waste from waste processing produced by mechanical treatment plants) the Government announced in Budget 2014 a consultation on introducing a new testing regime. This loss on Ignition (LOI) testing regime will help operators of landfill sites to determine the correct landfill tax liability of fines.</p><p> </p><p> </p><p> </p><p>The proposal for this test arose from a government-industry working group, including representatives from HM Revenue and Customs (HMRC), HM Treasury, the Environment Agency, the Environmental Services Association (representing the main landfill site operators) and the United Resource Operators Consortium (UROC) (representing waste transfer stations and skip hire operators). The Government held a formal consultation over the summer which closed on 19 September 2014.</p><p> </p><p> </p><p> </p><p>Comments on the assessment of impacts in the Taxes Impact Assessment were welcomed within the consultation document. The Government is currently considering its response and an impact note will be published alongside draft legislation.</p><p> </p><p> </p><p> </p><p>HMRC is also considering revising its guidance on landfill tax lower rating and conducted an informal consultation with industry in Autumn 2013. That consultation is continuing through the government-industry working group. The proposed revisions include clarification on the landfill tax liability of hazardous wastes.</p><p> </p><p> </p><p> </p><p>In relation to hazardous waste, the Government apply the underlying principle of the more polluting the waste the higher the tax. According to existing guidance, wastes must be non-hazardous to qualify for the lower rate of landfill tax. As the informal consultation raised concerns over the potential impact on brownfield development there are no plans to publish the revised guidance until this issue has been resolved. Publication of any revised guidance will only go ahead once Ministers have given approval.</p><p> </p><p> </p><p> </p><p>Bottom ash from waste combustion is liable to the lower rate of landfill tax. There are no plans to change this policy.</p><p> </p> answering member constituency Witham answering member printed Priti Patel grouped question UIN 210613 210614 210617 210636 question first answered 22/10/2014 15:50:14 answering member 4066 label Biography information for Priti Patel
tabling member	68 label Biography information for Lord Lilley