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1246882

	registered interest
	date	28/10/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Digital Technology: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have collected data on the number of businesses prepared for the ending of access to the VAT MOSS system on 31 December; and what plans they have to seek an extension of access to VAT MOSS for UK businesses.
	tabling member printed	Baroness Bennett of Manor Castle
	type	WrittenParliamentaryQuestion
	uin	HL9705
	answer	answer is ministerial correction date of answer 12/11/2020 answer text <p>VAT MOSS is an EU simplification. The UK will lose access to this at the end of the transition period and will not be seeking an extension. There are approximately 2,000 UK businesses registered on the VAT MOSS system in the UK. Businesses can continue to use the VAT MOSS system if they register in an EU Member State after the transition period. HMRC have published guidance on this and will also be contacting all businesses registered on the VAT MOSS system in the UK to explain the options available to them.[1]</p><p> </p><p>[1] The guidance can be found at <a href="https://www.gov.uk/guidance/pay-vat-when-you-sell-digital-services-to-eu-consumers-from-1-january-2021" target="_blank">https://www.gov.uk/guidance/pay-vat-when-you-sell-digital-services-to-eu-consumers-from-1-january-2021</a></p> answering member printed Lord Agnew of Oulton question first answered 12/11/2020 11:57:58 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1260427

	registered interest
	date	10/12/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Renewable Energy: VAT
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made, if any, of the impact of (1) removing, and (2) reducing the rate to 0 per cent for, VAT on domestic (a) renewable energy installations, and (b) energy efficiency measures, for 10 years on increasing the uptake of microgeneration in domestic properties.
	tabling member printed	Baroness Bennett of Manor Castle
	type	WrittenParliamentaryQuestion
	uin	HL11337
	answer	answer is ministerial correction date of answer 21/12/2020 answer text <p>The installation of many energy saving materials, including solar panels and micro combined heat and power units, is already subject to the reduced rate of VAT when certain conditions are met.</p><p>There are no current plans to extend the scope of the relief already in place. However, the Government keeps all taxes under review.</p> answering member printed Lord Agnew of Oulton question first answered 21/12/2020 10:57:33 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1274563

	registered interest
	date	07/01/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to ensure that bank customers can check continuous payment authorisations with ease to help prevent (1) fraud, and (2) unwanted payment.
	tabling member printed	Baroness Bennett of Manor Castle
	type	WrittenParliamentaryQuestion
	uin	HL11855
	answer	answer is ministerial correction date of answer 20/01/2021 answer text <p>A Continuous Payment Authority, or CPA, is defined as consent given by a customer for a payment service provider (for example, a customer’s bank) to make one or more payments from a customer’s payment account. They are often established to enable regular payments to be made for goods or services via a payment card - for example, for a magazine subscription - and are distinct from Direct Debits.</p><p> </p><p>The Payment Services Regulations regulate how CPAs are established, and the rights and obligations of payers, payees and payment service providers. In its published guidance on the regulations, the Financial Conduct Authority (FCA) states that consumers have the right to cancel CPAs by contacting their payment service provider at any time before the end of the business day before a payment is due to be made, and to obtain an immediate refund from their payment service provider if any future payments are debited from their account after they have revoked their consent. The customer may raise a complaint with their payment service provider if unhappy with their response. If this does not rectify the issue, the customer is able to complain to the Financial Ombudsman Service.</p><p> </p><p>Furthermore, the Department for Business, Energy and Industrial Strategy is considering what further action to take on subscription contracts to: prevent consumers being charged unexpectedly; to make it easier for consumers to cancel unwanted subscriptions (including free trials and auto-renewals); and to avoid them facing unreasonable charges.</p> answering member printed Lord Agnew of Oulton question first answered 20/01/2021 11:59:23 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1307723

	registered interest
	date	12/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Offshore Industry: Tax Havens
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government, further to the reports of the financial trading of oil and gas companies being routed through tax havens, what assessment they have made of the loss of tax revenue.
	tabling member printed	Baroness Bennett of Manor Castle
	type	WrittenParliamentaryQuestion
	uin	HL14691
	answer	answer is ministerial correction date of answer 26/04/2021 answer text <p>HMRC estimate that the tax gap across Large Businesses – which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid by the UK’s largest businesses across all sectors – has continued to fall over the last five years and was under 1% for 2018-19 (reported by the NAO in ‘Tackling the Tax Gap’ in July 2020).</p><p> </p><p>The UK has led international efforts to tackle avoidance by all multinationals through the OECD Base Erosion and Profit Shifting (“BEPS”) Project which looks at aggressive tax planning strategies that exploit tax rules to artificially shift profits to low tax jurisdictions where there is little or no economic activity.</p><p> </p><p>This international collaboration has led to the introduction of:</p><p> </p><ul><li>Hybrid mismatch rules that prevent multinationals exploiting differences in the tax systems of different countries;</li><li>a requirement for UK-headed large businesses to provide HMRC with a country-by-country report, detailing their global profits, tax and assets to ensure they are paying the correct tax on all their UK activity; and</li><li>a Corporate Interest Restriction that protects against companies using intra-group loans to shift profits overseas.</li></ul><p> </p><p>The introduction of robust UK domestic rules has reinforced these multilateral efforts.</p><p> </p><p>In April 2015, the UK government introduced the Diverted Profits Tax (‘DPT’). DPT was designed to counter contrived arrangements used by multinational corporations to shift their profits offshore and avoid paying tax in the UK on their economic activities here. The UK secured £6 billion in the five years following its introduction.</p><p> </p><p>In January 2019, HMRC launched a new Profit Diversion Compliance Facility (‘PDCF’) to encourage businesses to stop diverting profits and pay what is due. About two-thirds of the large businesses targeted so far have decided to use the facility to bring their tax affairs up to date quickly and efficiently, enabling HMRC to focus even more resources on investigating businesses which continue to divert profits.</p> answering member printed Lord Agnew of Oulton question first answered 26/04/2021 13:03:46 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4719 label Biography information for Baroness Bennett of Manor Castle