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1327745

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Buildings: VAT
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of reducing VAT on hospitality and housing renovation in Northern Ireland to increase the uptake of retrofitting measures in existing buildings.
tabling member constituency	North Down
tabling member printed	Stephen Farry
uin	7323
answer	answer is ministerial correction date of answer 28/05/2021 answer text <p>The Government maintains a number of VAT reliefs on construction and renovation, including a zero rate of VAT on new-build residential or qualifying buildings, a reduced rate of VAT on residential renovations which includes conversions of buildings from one residential use to another, converted from commercial to residential use, and the renovation of properties that have been empty for two years or more prior to the renovation work. Renovation of commercial buildings attracts the standard rate of VAT and is recoverable in the usual way.</p><p>Expanding these reliefs to include all renovations would cost approximately £3.75bn per year and would require reductions in spending or increasing taxes elsewhere. The Government has no plans to conduct a review of the VAT treatment of construction.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 28/05/2021 13:52:06 answering member 3991 label Biography information for Jesse Norman
tabling member	4856 label Biography information for Stephen Farry

1327754

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Parliamentary and Health Service Ombudsman
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will allocate additional resources to the Parliamentary and Health Service Ombudsman to help clear the backlog of cases awaiting investigation.
tabling member constituency	Coventry North West
tabling member printed	Taiwo Owatemi
uin	7291
answer	answer is ministerial correction date of answer 02/06/2021 answer text <p>The Parliamentary and Health Service Ombudsman’s funding is decided by Parliament and sanctioned by HM Treasury. Any additional funding will be a matter for the forthcoming spending review.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 02/06/2021 14:01:17 answering member 4095 label Biography information for Steve Barclay
tabling member	4779 label Biography information for Taiwo Owatemi

1327853

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxpayer Protection Taskforce
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what powers the Taxpayer Protection Task Force will have.
tabling member constituency	Wakefield
tabling member printed	Imran Ahmad Khan
uin	7310
answer	answer is ministerial correction date of answer 28/05/2021 answer text <p>The Taxpayer Protection Taskforce is made up of 1,265 FTE officers of HMRC, will be in place for 2021/22 through to 2022/23, and will extend and expand the number of people HMRC have deployed on compliance activity since HMRC had powers to investigate claims.</p><p>Officers will have access to, and apply where appropriate, the normal enquiry, penalty and information powers of HMRC. These include legal powers to carry out civil investigations into suspected CJRS fraud, which were granted when the Finance Act received Royal Assent on 22 July 2020.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 28/05/2021 13:54:45 answering member 3991 label Biography information for Jesse Norman
tabling member	4841 label Biography information for Imran Ahmad Khan

1327855

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Greenhouse Gas Emissions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate his Department has made of the global emissions footprint of the UK financial sector.
tabling member constituency	Greenwich and Woolwich
tabling member printed	Matthew Pennycook
uin	7234
answer	answer is ministerial correction date of answer 28/05/2021 answer text <p>The UK follows the agreed international approach for estimating and reporting greenhouse gas emissions under the UN Framework Convention on Climate Change (UNFCCC), which is for countries to report emissions produced within their territories. All UK domestic and international GHG emissions reductions targets, including our Net Zero commitment, are based on these territorial emissions.</p><p> </p><p>The UK was the first major economy to commit to Net Zero by 2050, and to achieve that ambition, we want to ensure that every financial decision takes climate change into account. This will require a drastic increase in the quantity, quality and comparability of climate-related disclosures.</p><p> </p><p>That is why, in November 2020, the Chancellor announced the UK’s intention to make disclosures in line with the recommendations of the Task Force for Climate-related Financial Disclosures mandatory in the UK across the economy, including the financial services sector, by 2025. This commitment is world-leading and significant progress towards achieving our ambition, including new requirements for premium-listed firms to disclose their Greenhouse Gas emissions, has already been made.</p><p> </p><p>We have also committed to implementing a green taxonomy that will establish a common definition for ’sustainable economic activities’ and improve understanding around the impact of firms’ activities and investments on the environment.</p><p> </p><p>Together, these measures will ensure that firms across the whole economy are disclosing robust and comparable climate and sustainability-related information that is decision-useful for investors. This will help close the sustainability data gap, as well as preventing greenwashing and supporting the greening of the UK economy.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 28/05/2021 09:52:36 answering member 4051 label Biography information for John Glen
tabling member	4520 label Biography information for Matthew Pennycook

1327872

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Scottish Government: Borrowing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent representations he has received from the Scottish Government on requesting additional borrowing powers.
tabling member constituency	East Lothian
tabling member printed	Kenny MacAskill
uin	7284
answer	answer is ministerial correction date of answer 02/06/2021 answer text <p>The fiscal framework we have agreed with the Scottish Government already includes significant borrowing powers.</p><p>The Scottish Government can borrow up to £450m per year for capital spending and, in normal times, borrow up to £300m per year to help manage day-to-day spending in relation to tax and welfare forecast error.</p><p>However, under the terms of the fiscal framework, we are doubling this day-to-day borrowing from £300m to £600m per year in 2021-22 and the following two years.</p><p>This is on top of the share of UK Government borrowing the Scottish Government receives through the Barnett formula. Since the start of the pandemic the Scottish Government has received an additional £14.5bn of Barnett funding.</p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 02/06/2021 14:02:45 answering member 4095 label Biography information for Steve Barclay
tabling member	4772 label Biography information for Kenny MacAskill

1327901

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Employees' Contributions: Older Workers
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the (a) implications for revenue and (b) potential merits of extending employee national insurance contributions to people over the age of 65.
tabling member constituency	Peterborough
tabling member printed	Paul Bristow
uin	7294
answer	answer is ministerial correction date of answer 28/05/2021 answer text <p>The “Estimated costs of principal tax reliefs” publication sets out that the estimated cost of the exemption of those over State Pension age (SPa) from paying National Insurance contributions (NICs) was about £1.1bn in 2019-20. However, this does not take account of any behavioural changes as a result of the relief and, in practice, if it were withdrawn, taxpayers’ behaviour could alter so that the actual yield would be very different from, and often smaller than, that shown in the tables:</p><p> </p><p><a href="https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs" target="_blank">https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs</a>.</p><p> </p><p>As with all taxes,the Treasury keeps National Insurance Contributions under review.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 28/05/2021 13:54:14 answering member 3991 label Biography information for Jesse Norman
tabling member	4792 label Biography information for Paul Bristow

1327941

registered interest
date	25/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Central Bank Digital Currencies
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether his Department has taken steps toward introducing a central bank digital currency.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	7115
answer	answer is ministerial correction date of answer 28/05/2021 answer text <p>The UK, like many countries globally, is actively exploring the potential role of central bank digital currencies. The Bank of England published a discussion paper in March 2020, which considered the possibility of a retail central bank digital currency that could be used by households and businesses to make payments.</p><p>At Fintech Week 2021, the Chancellor announced a new Taskforce led by HM Treasury and the Bank of England to lead the UK’s exploration of a central bank digital currency, with separate forums to engage civil society and technology experts throughout. The Taskforce aims to ensure a strategic approach is adopted between the UK authorities as they explore a central bank digital currency, in line with their statutory objectives, and to promote close coordination between them. The Government and the Bank of England have not yet made a decision on whether to introduce a central bank digital currency in the UK, and will engage widely with stakeholders on the benefits, risks and practicalities of doing so.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/05/2021 09:50:54 answering member 4051 label Biography information for John Glen
tabling member	1447 label Biography information for Andrew Rosindell

1327369

registered interest
date	24/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Treasury: Correspondence
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what proportion of correspondence sent by hon. Members to his Department received a substantive response within the service standard in each month of (a) 2018, (b) 2019 and (c) 2020.
tabling member constituency	Manchester, Gorton
tabling member printed	Afzal Khan
uin	6461
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>The Government recognises the great importance of the effective and timely handling of correspondence.</p><p> </p><p>The Cabinet Office is currently compiling data on the timeliness of responses to Hon. and Rt Hon. members from Government Departments and Agencies. This data will be released, and made available to Members, in due course.</p> answering member constituency Saffron Walden answering member printed Kemi Badenoch question first answered 27/05/2021 13:59:02 answering member 4597 label Biography information for Kemi Badenoch
tabling member	4671 label Biography information for Afzal Khan

1327417

registered interest
date	24/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will introduce legislation to protect free access to cash for people in (a) the Luton North constituency and (b) the UK.
tabling member constituency	Luton North
tabling member printed	Sarah Owen
uin	6487
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>The Government recognises that cash is important to the daily lives of millions of people across the UK, and has committed to legislating to protect access to cash for those who need it and ensuring that the UK's cash infrastructure is sustainable for the long term.</p><p> </p><p>In line with this commitment, the Government published a Call for Evidence last year, which sought views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system.</p><p> </p><p>Since then, the Government has made legislative changes to support the widespread offering of cashback without a purchase by shops and other businesses as part of the Financial Services Act 2021. These changes will come into effect in late June of this year. The Government’s view is that cashback without a purchase has the potential to be a valuable facility to cash users, and to play an important role in the UK’s cash infrastructure.</p><p>In addition, the Government has recently announced that it will consult this summer on further legislative proposals for protecting cash for the long term.</p> answering member constituency Salisbury answering member printed John Glen question first answered 27/05/2021 14:01:07 answering member 4051 label Biography information for John Glen
tabling member	4777 label Biography information for Sarah Owen

1327434

registered interest
date	24/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Corporation Tax
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to President Biden's proposed fiscal policies, if he will support a global corporation tax plan.
tabling member constituency	Warrington North
tabling member printed	Charlotte Nichols
uin	6498
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>OECD proposals to update the international tax framework have been under negotiation for a number of years and the UK has been at the forefront of these talks.</p><p> </p><p>A global minimum tax (Pillar 2) is an important part of the package being developed by the OECD.</p><p> </p><p>The Government supports agreement on a global minimum tax. It is also crucial that this is agreed alongside changes to profit allocation rules (Pillar 1). Pillar 1 is needed to ensure that large digital businesses pay more tax in the UK, commensurate with their economic activities.</p><p> </p><p>The final agreement is still subject to international negotiation and it would not be appropriate for the Government to provide a detailed commentary on its approach to these discussions.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 6497 question first answered 27/05/2021 14:20:24 answering member 3991 label Biography information for Jesse Norman
tabling member	4799 label Biography information for Charlotte Nichols