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1005780
registered interest false more like this
date less than 2018-11-12more like thismore than 2018-11-12
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: EU Law more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to the Answer of 6 November 2018 to Question 187143 on EU Internal Trade, how his Department plans to transpose provisions from EU law into UK law involving thresholds measuring the proportion of the entire market or a specified number of grouping of member states, in the Markets in Financial Instruments Regulations Article (a) 5(1)(a) and 1(b), subparagraphs (3) to (6) and subparagraph (9), (b) Article 9(5), (c) Article 14(5) and (d) Article 36(5) in the event that the UK leaves the EU without a deal. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 190537 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-15more like thismore than 2018-11-15
answer text <p>Article 5(1)(a) and 1(b), subparagraphs (3) to (6) and subparagraph (9) in the Markets in Financial Instruments Regulations will become deficient after the UK’s exit from the EU. In the event of the UK leaving the EU without a deal, it will be amended in accordance with Regulation 27(2) of the draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018.</p><p> </p><p>Article 9(5) will become deficient after the UK’s exit from the EU. In the event of the UK leaving the EU without a deal it will be amended in accordance with Regulation 27(4) of the draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018.</p><p> </p><p>Article 36 specifies a threshold which is expressed as an absolute number, so this will not be deficient after exit and is therefore not being amended.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2018-11-15T15:48:31.31Zmore like thismore than 2018-11-15T15:48:31.31Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
1005783
registered interest false more like this
date less than 2018-11-12more like thismore than 2018-11-12
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: EU Law more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to the Answer of 6 November 2018 to Question 187143 on EU Internal Trade, how his Department plans to transpose provisions from EU law into UK law involving thresholds measuring the proportion of the entire market or a specified number of grouping of member states, in Articles 12 to 16 of the Commission Delegated Regulation amending MiFID 565/2017 in the event that the UK leaves the EU without a deal. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 190540 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-15more like thismore than 2018-11-15
answer text <p>Articles 12 to 16 of the Commission Delegated Regulation amending MiFID 565/2017 will become deficient after the UK’s exit from the EU. In the event of the UK leaving the EU without a deal, it will be amended in accordance with Regulation 40 of the draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2018-11-15T15:52:12.237Zmore like thismore than 2018-11-15T15:52:12.237Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
1005784
registered interest false more like this
date less than 2018-11-12more like thismore than 2018-11-12
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: EU Law more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to the Answer of his Department's written answer to parliamentary question 187143, how his Department plans to transpose provisions from EU law into UK law involving thresholds measuring the proportion of the entire market or a specified number of grouping of member states, in Article 5(1)(a) and (b)) of the Commission Delegated Regulation 2017/567 in the event that the UK leaves the EU without a deal. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 190541 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-15more like thismore than 2018-11-15
answer text <p>Article 5(1)(a) and (b)) of the Commission Delegated Regulation 2017/567 will become deficient after the UK’s exit from the EU. In the event of the UK leaving the EU without a deal, it will be amended in accordance with Regulation 59(2) of the draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2018-11-15T15:54:33.617Zmore like thismore than 2018-11-15T15:54:33.617Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
999490
registered interest false more like this
date less than 2018-11-01more like thismore than 2018-11-01
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Insurance Premium Tax more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the effect of changes in the rate of insurance premium tax on the cost of insurance premiums since 2011. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 187137 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-06more like thismore than 2018-11-06
answer text <p>As my Rt Hon friend Mel Stride MP set out on 10 September 2018, it is difficult to isolate the impact of insurance premium tax rate increases from other factors impacting on the price of insurance products.</p><p> </p><p>The Government nonetheless publishes prospective impact assessments for the changes in the rate of Insurance Premium Tax (IPT).</p><p> </p><p>The assessment for the last change (announced at Autumn Statement 2016) can be found here:</p><p> </p><p><a href="https://www.gov.uk/government/publications/insurance-premium-tax-increase-of-standard-rate/insurance-premium-tax-increase-of-standard-rate" target="_blank">https://www.gov.uk/government/publications/insurance-premium-tax-increase-of-standard-rate/insurance-premium-tax-increase-of-standard-rate</a></p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2018-11-06T15:48:04.663Zmore like thismore than 2018-11-06T15:48:04.663Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
999493
registered interest false more like this
date less than 2018-11-01more like thismore than 2018-11-01
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Sanitary Products: Taxation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the level of taxation on sanitary items in countries outside the EU. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 187140 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-09more like thismore than 2018-11-09
answer text <p>The Government has not made an assessment of the level of taxation on sanitary items in countries outside the EU.</p><p> </p><p>We are committed to introducing a zero rate of VAT for these supplies as soon as legally possible.</p><p> </p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-11-09T14:51:42.677Zmore like thismore than 2018-11-09T14:51:42.677Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
999500
registered interest false more like this
date less than 2018-11-01more like thismore than 2018-11-01
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Financial Services: EU Law more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how many provisions in financial and related regulations which require transposition into UK law in the event of the UK leaving the EU without a deal include thresholds measuring the proportion of (a) the entire EU market or (b) a specified number or grouping of member states. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 187143 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-06more like thismore than 2018-11-06
answer text <p>The European Union (Withdrawal) Act 2018 (EUWA) repeals the European Communities Act 1972 on the day the UK leaves the EU and incorporates into UK domestic law the existing body of directly applicable EU law. The purpose of the EUWA is to provide a functioning statute book on the day we leave the EU.</p><p>In some instances, the retained EU law relating to financial services includes provisions that relate to thresholds measuring the proportion of the entire EU market or a specified number or grouping of member states. We are aware of four provisions in the Markets in Financial Instruments Regulations (MiFIR) (Article 5(1)(a) and 1(b), and subparagraphs (3)-(6) and subparagraph (9), Article 9(5), Article 14(5), Article 36(5)), five provisions in the Commission Delegated Regulation amending MiFID 565/2017 (Article 12 to 16) and one provision in the Commission Delegated Regulation 2017/567 (Article 5(1)(a) and (b)).</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2018-11-06T17:13:40.253Zmore like thismore than 2018-11-06T17:13:40.253Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
993599
registered interest false more like this
date less than 2018-10-23more like thismore than 2018-10-23
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Multinational Companies: Taxation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how much revenue was lost to the public purse as a result of the exemption for regulatory capital in section 259N(3)(b) Chapter 8 Part 6A Taxation (International and Other Provisions) Act 2010 in each year since the introduction of that exemption. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 182824 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-10-26more like thismore than 2018-10-26
answer text <p>As a matter of corporation tax policy, with the aim of improving financial stability, the UK allows certain deductions for the costs of regulatory capital. The exemption referred to helps to ensure that the Hybrid and Other Mismatch Rules act in a way consistent with this policy. As such, there is no question of any tax revenue being “lost” as a result of the exemption.</p><p>It is not possible to provide details of the tax effect arising from the exemption for regulatory capital in section 259N(3)(b), Chapter 8, Part 6A of the Taxation (International and other Provisions) Act 2010.</p><p>The Hybrid and other mismatches regime came into force on 1 January 2017. The majority of corporation tax returns which will reflect the impact of these rules have not yet been received.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-10-26T13:46:56.767Zmore like thismore than 2018-10-26T13:46:56.767Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
993600
registered interest false more like this
date less than 2018-10-23more like thismore than 2018-10-23
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Corporation Tax more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what estimate he has made of the money to be accrued to the public purse as a result of the single payment method outlined in the proposed amendments to Schedule 3ZB to the Tax Management Act 1970 contained in Clause 37 of the draft Finance Bill. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 182825 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-10-26more like thismore than 2018-10-26
answer text <p>The level of revenue accrued to the public purse as a result of the single payment method outlined in the proposed amendments to Schedule 3ZB to the Tax Management Act 1970 is expected to be negligible. The UK already has comprehensive exit taxation rules, and the change is relatively minor and primarily of an administrative nature.</p><p> </p><p>More information can be found in the Tax Information and Impact Note published on 6 July 2018:</p><p> </p><p><a href="https://www.gov.uk/government/publications/changes-to-the-corporation-tax-exit-charges" target="_blank">https://www.gov.uk/government/publications/changes-to-the-corporation-tax-exit-charges</a></p><p> </p><p> </p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-10-26T13:49:18.68Zmore like thismore than 2018-10-26T13:49:18.68Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
993617
registered interest false more like this
date less than 2018-10-23more like thismore than 2018-10-23
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Sanitary Products: Taxation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what comparative estimate his Department has made of the (a) volume of sales of and the (b) tax revenue generated from sanitary products (i) in the EU and (ii) outside the EU; and if he will make a statement. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 182835 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-10-31more like thismore than 2018-10-31
answer text <p>No such estimate has been made.</p><p> </p><p>HMRC does not hold detailed information on the UK volume of sales or on the VAT on specific products as this information is not required on a VAT return.</p><p> </p><p>Information is not held on the volume of sales or tax revenues generated in other countries – whether inside or outside of the EU.</p><p> </p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-10-31T14:36:01.527Zmore like thismore than 2018-10-31T14:36:01.527Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter
993619
registered interest false more like this
date less than 2018-10-23more like thismore than 2018-10-23
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Social Enterprises: Tax Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what time targets have been set for HMRC for advance approval of Social Investment Tax Relief. more like this
tabling member constituency Oxford East more like this
tabling member printed
Anneliese Dodds more like this
uin 182836 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-10-26more like thismore than 2018-10-26
answer text <p>Advance assurance applications for investments under the Social Investment Tax Relief (SITR) scheme are dealt with alongside advance assurance applications for investments under the Enterprise Investment Scheme (EIS), the Seed EIS (SEIS) and by Venture Capital Trusts, as well as statutory compliance statements under the SITR scheme, the EIS and SEIS.</p><p>There are no separate targets for responding to applications under the different schemes. HM Revenue and Customs (HMRC) aims to respond to over 80% of applications within 15 working days and 95% of applications within 40 working days. HMRC is currently responding to 88% of applications within 15 working days and 97% of applications within 40 working days.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-10-26T13:48:35.263Zmore like thismore than 2018-10-26T13:48:35.263Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4657
label Biography information for Anneliese Dodds remove filter