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1686288

registered interest
date	31/01/2024
answering body	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 the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of raising the threshold on the Rent a Room scheme.
tabling member constituency	Eastbourne
tabling member printed	Caroline Ansell
uin	12387
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>Rent a room relief provides an effective incentive for people to make spare rooms available for rent.</p><p> </p><p>In 2016, the threshold was raised to give an income tax exemption on income of up to £7,500 for individuals who let furnished accommodation in their only or main residence. This aligns with the Government’s objectives of supporting living standards and increasing the availability of low-cost housing. It also reduces and simplifies the tax and administration burden for those affected and has taken some taxpayers out of self assessment entirely.</p><p> </p><p>The Government does not currently have evidence that increasing the rent a room relief threshold above £7,500 would further encourage spare rooms to be made available for rent. As with all aspects of the tax system, the Government will keep this under review.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 08/02/2024 13:01:38 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4512 label Biography information for Caroline Ansell

1686477

registered interest
date	31/01/2024
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, if he will make it his policy to recover tax avoided through disguised remuneration tax avoidance schemes from people who (a) recommended, (b) promoted and (c) operated those schemes.
tabling member constituency	North East Hampshire
tabling member printed	Mr Ranil Jayawardena
uin	12465
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>HMRC has taken action to tackle the promoters of avoidance schemes, implementing a wide range of actions to disrupt their activities and supply chains, including publishing the details of promoters.</p><p> </p><p>However, liability for the tax is always that of the individual and there is no legal mechanism to transfer disguised remuneration liabilities from the scheme users to the promoters.</p><p> </p><p>As of 31 December, HMRC has published the details of 59 promoters, 23 directors and details of 64 tax avoidance schemes.</p><p>HMRC has also issued over 20 stop notices to promoters and published details of 16 of these arrangements. Publishing this information supports taxpayers in identifying tax avoidance schemes so they can steer clear of or exit them.</p><p> </p><p>The current Finance Bill is introducing tougher consequences for promoters of tax avoidance. This includes a new criminal offence to strengthen the deterrent to promoting tax avoidance, making it clear promoters must stop promoting these schemes, and a power enabling HMRC to act more quickly to disqualify directors of companies involved in tax avoidance.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 08/02/2024 12:59:47 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4498 label Biography information for Mr Ranil Jayawardena

1686478

registered interest
date	31/01/2024
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 (a) promoters and (b) operators of schemes subject to the loan charge have been prosecuted.
tabling member constituency	North East Hampshire
tabling member printed	Mr Ranil Jayawardena
uin	12466
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>Promotion or operation of mass marketed tax avoidance schemes is not in, or of itself, a criminal offence. However, there are a range of offences which might be committed by those who promote tax avoidance schemes or advise on their use.</p><p>On that basis, to date, while there have been no prosecutions of individuals for the promotion and/or operation of schemes subject to the Loan Charge, one individual involved in selling Disguised Remuneration schemes subject to the Loan Charge has been convicted for a related offence. Also, a number of individuals are currently under criminal investigation by HMRC for offences linked to schemes subject to the Loan Charge.</p><p>In addition to schemes subject to the Loan Charge, since 1 April 2016, more than 20 individuals have been convicted for offences relating to arrangements which have been promoted and marketed as tax avoidance. These have resulted in over 100 years of custodial sentences and 9 years of suspended sentences being ordered, the majority of which relate to promoters.</p><p>Prosecutions are only one type of intervention available to HMRC where they identify concerns.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 08/02/2024 17:12:38 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4498 label Biography information for Mr Ranil Jayawardena

1686479

registered interest
date	31/01/2024
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, if he will commission an independent review into the loan charge.
tabling member constituency	North East Hampshire
tabling member printed	Mr Ranil Jayawardena
uin	12467
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>The Loan Charge was introduced to ensure that people who had not had tax deducted from their incomes paid their fair share.</p><p> </p><p>The Government has already had an independent review. In 2019 Lord Morse led an independent review of the Loan Charge and its implementation. Lord Morse had full discretion over how the review was run, whom he consulted, and the recommendations made. The Government accepted 19 of his 20 recommendations, which benefited more than 30,000 people, including around 9,500 who were removed from the scope of the Loan Charge entirely.</p><p> </p><p>As well as recommending changes to the policy, Lord Morse was clear that the Loan Charge was necessary, in the public interest and should remain in force.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 12468 question first answered 08/02/2024 14:24:32 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4498 label Biography information for Mr Ranil Jayawardena

1686480

registered interest
date	31/01/2024
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, if he will have discussions with HMRC on ending actions on the loan charge.
tabling member constituency	North East Hampshire
tabling member printed	Mr Ranil Jayawardena
uin	12468
answer	answer is ministerial correction date of answer 08/02/2024 answer text <p>The Loan Charge was introduced to ensure that people who had not had tax deducted from their incomes paid their fair share.</p><p> </p><p>The Government has already had an independent review. In 2019 Lord Morse led an independent review of the Loan Charge and its implementation. Lord Morse had full discretion over how the review was run, whom he consulted, and the recommendations made. The Government accepted 19 of his 20 recommendations, which benefited more than 30,000 people, including around 9,500 who were removed from the scope of the Loan Charge entirely.</p><p> </p><p>As well as recommending changes to the policy, Lord Morse was clear that the Loan Charge was necessary, in the public interest and should remain in force.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 12467 question first answered 08/02/2024 14:24:32 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4498 label Biography information for Mr Ranil Jayawardena

1685797

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	No-interest Loans Scheme: Northern Ireland
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what his latest estimate is of when the pilot No Interest Loan Scheme run by Fair4AllFinance will be launched in Northern Ireland.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	11958
answer	answer is ministerial correction date of answer 02/02/2024 answer text <p>The government funded No Interest Loan Scheme (NILS) is being run by Fair4AllFinance, in conjunction with their partners. The pilot is designed to test the impact that NILS could have on addressing the needs of vulnerable consumers across the UK.</p><p> </p><p>Fair4All Finance have now rolled out the pilot in England, Scotland and Wales. The lack of an Executive in Northern Ireland has impacted the ability of Fair4All Finance to access lending capital to extend the pilot to Northern Ireland. Fair4All Finance will continue to engage closely with stakeholders in an effort to deliver our shared ambition to launch a pilot site in Northern Ireland.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 02/02/2024 13:58:04 answering member 4639 label Biography information for Bim Afolami
tabling member	1409 label Biography information for Mr Gregory Campbell

1685811

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Advisory Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Economic Secretary during the debate on Financial Advice and Guidance: Consumer Market of 9 January 2024, Official Report, column 32WH, when he plans to provide the hon. Member for West Worcestershire with information on whether a specific vote on primary or secondary legislation is required to deal with the proposals in the joint Government and FCA review of the regulatory boundary between financial advice and guidance.
tabling member constituency	West Worcestershire
tabling member printed	Harriett Baldwin
uin	12003
answer	answer is ministerial correction date of answer 02/02/2024 answer text <p>The government and Financial Conduct Authority (FCA) are exploring a range of regulatory and legislative options for implementation and there are elements of the package that could require amendment to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 through secondary legislation. We will consider whether any wider changes to the existing regulatory and legislative regime would be required to deliver the proposals successfully within a coherent broader framework.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 02/02/2024 13:59:50 answering member 4639 label Biography information for Bim Afolami
tabling member	4107 label Biography information for Dame Harriett Baldwin

1685824

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Individual Savings Accounts: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many Lifetime ISA withdrawal charges there were in the latest available financial year, broken down by local authority.
tabling member constituency	Richmond Park
tabling member printed	Sarah Olney
uin	12064
answer	answer is ministerial correction date of answer 02/02/2024 answer text <p>The number of individuals making unauthorised withdrawals from Lifetime ISAs in the tax year 2022 to 2023 is published in the LISA tables of the HMRC Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2023</p><p> </p><p>Geographical information on Lifetime ISA withdrawals is not reported to HMRC. Matching the Lifetime ISA records to other HMRC data sources with geographical data would be incomplete and could only be done at a disproportionate cost.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 02/02/2024 13:56:29 answering member 4639 label Biography information for Bim Afolami
tabling member	4591 label Biography information for Sarah Olney

1685854

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Local Government Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will take legislative steps to exempt members of the Local Government Pension Scheme from the proposed increase to the national minimum pension age in April 2028.
tabling member constituency	North Durham
tabling member printed	Mr Kevan Jones
uin	11964
answer	answer is ministerial correction date of answer 02/02/2024 answer text <p>The normal minimum pension age is the lowest age at which the majority of members can take benefits from a registered pension scheme without incurring tax charges, except in cases of ill-health. It will increase from age 55 to age 57 in April 2028.</p><p> </p><p>This change will not apply to members of the police, firefighters or armed forces public service schemes, nor to those whose scheme rules provide an unqualified right to take benefits before age 57. Members with these rights will have a protected pension age. Whether an individual has a protected pension age will depend on their pension scheme rules.</p><p> </p><p>Although the Government keeps all tax rules under review, there are no plans to make any changes to this increase in the normal minimum pension age.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 02/02/2024 11:32:24 answering member 4780 label Biography information for Laura Trott
tabling member	1438 label Biography information for Mr Kevan Jones

1685879

registered interest
date	30/01/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Wealth: Women
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an estimate of the number of women that will meet the new (a) income and (b) net asset financial promotion exemption thresholds for defining high-net-worth (i) individuals and (ii) sophisticated investors.
tabling member constituency	Romsey and Southampton North
tabling member printed	Caroline Nokes
uin	12025
answer	answer is ministerial correction date of answer 07/02/2024 answer text <p>The changes to the financial promotion exemptions that came into force on 31 January 2024 were subject to a public consultation which closed in March 2022. Respondents to the consultation were broadly supportive of the changes being made. Impacts of the proposals were considered, and a de minimis impact assessment was published alongside the final reforms.</p><p>However, the Government recognises the significant concerns that have been raised recently about these changes. I met last week with the angel investing sector and listened carefully to the representations made, and the Government is working closely with the sector to address the concerns raised.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 12026 12027 12028 question first answered 07/02/2024 10:15:36 answering member 4639 label Biography information for Bim Afolami
tabling member	4048 label Biography information for Caroline Nokes