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928799

registered interest
date	21/06/2018
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 Mr Chancellor of the Exchequer, what representations he has received from (a) financial organisations (b) other organisations and (c) individuals on the introduction of the 2019 Loan Charge.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	156421
answer	answer is ministerial correction date of answer 29/06/2018 answer text <p>The charge on disguised remuneration (DR) loans was announced at Budget 2016 and has been introduced to tackle the use of DR tax avoidance schemes. These schemes are contrived arrangements that pay loans in place of ordinary remuneration to avoid income tax and National Insurance contributions. The charge will apply to outstanding DR loan balances on 5 April 2019 to ensure scheme users pay their fair share of tax.</p><p> </p><p>The Government published a consultation document on this policy on 10 August 2016. The Government received 338 written responses to the consultation, of which 260 were from individuals and 78 from organisations including businesses, and professional bodies. A list of the organisations which responded can be found at Annex A of the ‘Tackling disguised remuneration: Technical note and summary of responses document’. This can be found here:</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/574567/Tackling_disguised_remuneration_-_Technical_note_and_summary_of_responses.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/574567/Tackling_disguised_remuneration_-_Technical_note_and_summary_of_responses.pdf</a></p><p> </p><p>The charge on DR loans was introduced by Finance (no. 2) Act 2017, with supplementary provisions in Finance Act 2018. Representations were made by organisations and individuals as legislation passed through Parliament.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 29/06/2018 09:28:27 answering member 3935 label Biography information for Mel Stride
tabling member	4119 label Biography information for Jonathan Reynolds

917576

registered interest
date	05/06/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Royal Bank of Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, for what reason a 10 pence discount on the market closing price was offered to institutional investors purchasing RBS shares from UK Government Investments on 4 June 2018.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	150096
answer	answer is ministerial correction date of answer 13/06/2018 answer text <p>The Government’s shareholding in the Royal Bank of Scotland (RBS) is managed at arm's length and on a commercial basis through UK Government Investments Ltd (UKGI), a company which is wholly owned by the Government, with the objective of creating and protecting value for the taxpayer.</p><p> </p><p>On 5 June 2018 the Government concluded a second sale of its shareholding in RBS, restarting the phased return of the bank to full private ownership. The Government sold approximately 7.7% of the bank (925m shares) through an overnight accelerated bookbuild (ABB) process, raising just over £2.5bn for the taxpayer (at a price of 271p per share). This reduced the government shareholding to 62.4% (from 70.1% pre-sale).</p><p> </p><p>UKGI advised that an ABB would be the most appropriate method for restarting the RBS sale programme. It is usual market practice for ABB sales to price at a small discount to the closing market price. This is necessary to enable the sale of a large number of shares in a single transaction, with recent discounts on large ABBs ranging between 2% and 6%. The Government takes account of this discount when considering the value for money of a transaction, given it is a usual feature in such large transactions.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 13/06/2018 13:02:32 answering member 4051 label Biography information for John Glen
tabling member	4119 label Biography information for Jonathan Reynolds

906299

registered interest
date	17/05/2018
answering body	Home Office
answering dept id	1
answering dept short name	Home Office
answering dept sort name	Home Office
hansard heading	Immigration
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for the Home Department, what the average length of time is to process an immigration application for (a) a Visa and (b) leave to remain.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	145330
answer	answer is ministerial correction date of answer 24/05/2018 answer text <p>Published data on visa and leave to remain processing times, is published online at: <a href="https://www.gov.uk/government/collections/migration-transparency-data" target="_blank">https://www.gov.uk/government/collections/migration-transparency-data</a> (then listed by publication date under ‘UK Visas &amp; Immigration’).</p><p>We continually monitor and review our performance against service standards.</p> answering member constituency Romsey and Southampton North answering member printed Caroline Nokes question first answered 24/05/2018 16:17:27 answering member 4048 label Biography information for Caroline Nokes
tabling member	4119 label Biography information for Jonathan Reynolds

889976

registered interest
date	23/04/2018
answering body	Home Office
answering dept id	1
answering dept short name	Home Office
answering dept sort name	Home Office
hansard heading	Migrants: Bank Services
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for the Home Department, how many notifications her Department's secure portal has received of bank current accounts which match immigration checks; how many of those notifications resulted in enforcement action by her Department; how many of those notifications included information about regular payments to the account; and what were the nationalities of the account holders.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	137028
answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>The 2016 Act banking measures came into force on 30 October; however, banks and building societies had until 31 March 2018 to conduct their initial checks on all personal current accounts against Home Office disqualified persons data.</p><p>Operation of these measures is in the early stages and it is too soon to provide the information requested.</p> answering member constituency Romsey and Southampton North answering member printed Caroline Nokes question first answered 26/04/2018 12:20:22 answering member 4048 label Biography information for Caroline Nokes
tabling member	4119 label Biography information for Jonathan Reynolds

869327

registered interest
date	22/03/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Foreign Companies: Ownership
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress he has made on the introduction of a public register of beneficial owners of property in the UK.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	133841
answer	answer is ministerial correction date of answer 05/04/2018 answer text <p>On 22 March, the Government published its response to the call for evidence on the proposed register of beneficial owners of overseas entities that own UK property. Work to prepare draft legislation for establishing this world-first register is ongoing. The Government has made good progress and is on track to meeting its commitment of publishing the draft Bill before the summer recess this year.</p><p> </p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 05/04/2018 16:03:03 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4119 label Biography information for Jonathan Reynolds

867020

registered interest
date	19/03/2018
answering body	Home Office
answering dept id	1
answering dept short name	Home Office
answering dept sort name	Home Office
hansard heading	Unexplained Wealth Orders
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for the Home Department, what the value was of the assets seized under Unexplained Wealth Orders in 2017-18.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	133138
answer	answer is ministerial correction date of answer 27/03/2018 answer text <p>Unexplained wealth orders (UWOs) can be used to compel individuals to explain the sources of their wealth where it is suspected that their lawful income would be insufficient to obtain specified property, if they are a non-EEA politically exposed person, or suspected of being involved in serious crime. This is a powerful new weapon for tackling illicit finances and corruption.</p><p>Since the legislation came into force on 31 January 2018, the first UWOs have already been issued by the courts to investigate assets totalling £22 million. In addition to the UWOs, the courts granted interim freezing orders (IFOs), meaning that the assets cannot be sold, transferred or dissipated while subject to the IFO.</p> answering member constituency Wyre and Preston North answering member printed Mr Ben Wallace question first answered 27/03/2018 12:31:35 answering member 1539 label Biography information for Mr Ben Wallace
tabling member	4119 label Biography information for Jonathan Reynolds

867021

registered interest
date	19/03/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Companies: Property
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many properties in the UK are owned by companies registered in (a) British Overseas Territories and (b) Crown Dependencies.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	133139
answer	answer is ministerial correction date of answer 27/03/2018 answer text <p>HM Land Registry holds information on registered titles in England and Wales that are owned by overseas companies. The information is released as a dataset available on GOV.UK and contains a description of the way in which the dataset is compiled.</p><p>By reference to the dataset, as of March 2018 the number of titles where the legal owner is an overseas company based in (a) British Overseas Territories is 28,360 and (b) Crown Dependencies is 43,245.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 27/03/2018 15:48:47 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4119 label Biography information for Jonathan Reynolds

867023

registered interest
date	19/03/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Companies: Property
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what information his Department holds on the number of properties in the UK which are owned by companies registered in the Isle of Man.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	133141
answer	answer is ministerial correction date of answer 27/03/2018 answer text <p>HM Land Registry holds information on registered titles in England and Wales that are owned by overseas companies. The information is released as a dataset available on GOV.UK and contains a description of the way in which the dataset is compiled.</p><p>By reference to the dataset, as of March 2018 the number of titles where the legal owner is an overseas company based in the Isle of Man is 10,778.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 27/03/2018 16:08:25 answering member 3936 label Biography information for Andrew Griffiths
tabling member	4119 label Biography information for Jonathan Reynolds

867024

registered interest
date	19/03/2018
answering body	Home Office
answering dept id	1
answering dept short name	Home Office
answering dept sort name	Home Office
hansard heading	Visas: Russia
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for the Home Department, what proportion of tier one visas were granted to Russian nationals between 2010 and 2015.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	133142
answer	answer is ministerial correction date of answer 23/03/2018 answer text <p>Information on grants of Tier 1 entry clearance visas, by nationality, is published in the quarterly Immigration Statistics, Visas data tables volume 2, table vi_06_q_w, latest edition at <a href="https://www.gov.uk/government/publications/immigration-statistics-october-to-december-2017/list-of-tables#visas" target="_blank">https://www.gov.uk/government/publications/immigration-statistics-october-to-december-2017/list-of-tables#visas</a>.</p> answering member constituency Romsey and Southampton North answering member printed Caroline Nokes question first answered 23/03/2018 12:49:16 answering member 4048 label Biography information for Caroline Nokes
tabling member	4119 label Biography information for Jonathan Reynolds

855895

registered interest
date	06/03/2018
answering body	Church Commissioners
answering dept id	9
answering dept short name	Church Commissioners
answering dept sort name	Church Commissioners
hansard heading	Financial Services: Education
house id	1
legislature	25259 pref label House of Commons
question text	To ask the right hon. Member for Meriden, representing the Church Commissioners, what steps are being taken to roll out financial education in Church of England schools.
tabling member constituency	Stalybridge and Hyde
tabling member printed	Jonathan Reynolds
uin	904237
answer	answer is ministerial correction date of answer 08/03/2018 answer text <p>In a recent submission to the Department for Education consultation on the future of PSHE education the Just Finance Foundation set up by the Archbishop of Canterbury reported that 40% of UK adults have less than £100 in savings and struggled to manage money. The impact of potential lifelong indebtedness makes financial capability an issue of pressing importance for younger generations. The Church of England approached this through the foundation of an education programme called LifeSavers.</p><p>LifeSavers was designed to practically demonstrate­ how schools can weave financial education throughout the teaching and life of the school in a way that is sustainable. Funding has currently has enabled the scheme to operate in 70 schools with a further 50 next year. Half of the number of LifeSavers schools operate in Church of England schools and more than 15,600­­­ pupils have already taken part in LifeSavers, and over 1,200 teachers have been trained through its Continuing Professional Development (CPD) programme. ­The results seen by the Just Finance Foundation to their projects has led them to press the Department for Education to put financial education on an equal footing within the PSHE curriculum.</p> answering member constituency Meriden answering member printed Dame Caroline Spelman question first answered 08/03/2018 14:54:35 answering member 312 label Biography information for Dame Caroline Spelman
tabling member	4119 label Biography information for Jonathan Reynolds