The below Parliamentary question was asked by Daniel Zeichner on 2016-07-21.
To ask Mr Chancellor of the Exchequer, on what date he was made aware of the potential takeover of ARM by SoftBank.
Mr David Gauke
In line with the practice of successive administrations details of ministerial discussions are not routinely disclosed.
The below Parliamentary question was asked by Daniel Zeichner on 2016-07-21.
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will take steps to ensure that ARM’s headquarters remain in Cambridge.
Margot James
SoftBank has made a legally-binding undertaking to maintain ARM’s headquarters in Cambridge. The undertaking is enforceable by the Takeover Panel for five years.
The below Parliamentary question was asked by Rosie Cooper on 2016-07-21.
To ask Mr Chancellor of the Exchequer, what (a) consultation, (b) decision-making process and (c) timetable he plans for deciding the final rules for the Government’s Lifetime Individual Savings Accounts (ISA) scheme; and whether he plans to conduct a consultation on what life events in addition to the purchase of a first home will be eligible for penalty-free withdrawal of such investments before the age of 60.
Jane Ellison
Following the Budget, the Government has engaged with industry on the detailed design of the Lifetime ISA, including on penalty-free withdrawals.
The Queen’s Speech for the 2016-17 session announced the Government’s intention to legislate for the Lifetime ISA. The legislation which will enact this measure will be introduced to Parliament in due course.
The Government will continue to talk to industry and interested parties about the Lifetime ISA while the Bill is being considered by the House, leading up to its planned launch.
The below Parliamentary question was asked by Kirsten Oswald on 2016-07-21.
To ask Mr Chancellor of the Exchequer, what comparative assessment he has made of the (a) short-term and (b) long-term economic effect on households of (i) multiple births and (ii) single births; and whether any difference in cost is reflected in the provision of support for families.
Jane Ellison
No assessment has been made on the short and long-term economic effect of single and multiple births.
Child Benefit can be claimed by an eligible person responsible for a child under the age of 16, or a 16-19 year old in approved education or training. Child Benefit is not a means tested benefit and is currently paid at a rate of £20.70 per week for the first child and £13.70 per week for any subsequent children.
Child Tax Credit is made up of four elements which determine how much a claimant can receive. The Family Element entitles all Child Tax Credit claimants to a basic amount of up to £545 a year. The Child Element currently pays up to £2,780 for each child. Then on top of this, the Disabled Child element pays up to an additional £3,140 and the Severely Disabled Child element pays up to a further £1,275 on top for each qualifying disabled or severely disabled child in the household.
The below Parliamentary question was asked by Scott Mann on 2016-07-21.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential merits of replacing Vehicle Excise Duty with a roads fund fuel levy that charges motorists excise duty based upon how many miles they drive; and if he will make a statement.
Jane Ellison
No assessment has been made of a roads fund fuel levy as described by the Hon. Member. The government has previously considered calls to replace Vehicle Excise Duty with a supplement on fuel duty, but has concluded that this would not be fair. It would have a disproportionate burden on certain groups such as businesses and households in rural areas without ready access to public transport alternatives.
The below Parliamentary question was asked by Caroline Flint on 2016-07-21.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on his policies on pursuing country-by-country reporting through the EU of the UK voting to leave the EU.
Jane Ellison
The Government supports international efforts on public country-by-country reporting to enhance transparency. This will allow for a comprehensive, multilateral approach that applies consistently across UK multinationals and foreign multinationals.
The UK will continue to engage in the EU negotiations on the Commission’s public country-by-country reporting proposal, as well as discussions at the G20 and other international fora.
The below Parliamentary question was asked by Philip Davies on 2016-07-21.
To ask Mr Chancellor of the Exchequer, what (a) internal and (b) externally commissioned research his Department has conducted on potential links between the levels of tax and illicit trade in the alcohol and tobacco sectors.
Jane Ellison
The government considers a number of different factors when deciding duty rates for alcohol and tobacco, including the impact on the illicit trade.
HMRC have published econometric analysis of cigarette and alcohol consumption, which can be found at: https://www.gov.uk/government/collections/hm-revenue-and-customs-research-working-papers.
The below Parliamentary question was asked by Philip Davies on 2016-07-21.
To ask Mr Chancellor of the Exchequer, if he will make an estimate of the effect of tobacco legislation on levels of revenue received by HM Treasury in the last 10 years.
Jane Ellison
Impact assessments for legislative changes are published by the department responsible. HM Revenue and Customs and HM Treasury publish Tax Information and Impact Notes which estimate the impacts of tax and operational changes.
The forecast for tobacco duty receipts is published twice a year by the Office for Budget Responsibility. The latest forecast can be found on page 116 of the Economic and Fiscal Outlook published in March 2016: http://cdn.budgetresponsibility.org.uk/March2016EFO.pdf.
The below Parliamentary question was asked by Judith Cummins on 2016-07-21.
To ask Mr Chancellor of the Exchequer, how many people pay tax through PAYE with two or more employers concurrently; and of those people, how many have a combined gross income of less than £17,160 per year.
Jane Ellison
The information requested could only be provided at disproportionate cost.
The below Parliamentary question was asked by Ronnie Cowan on 2016-07-21.
To ask the Secretary of State for Culture, Media and Sport, if her Department will assess the potential merits of reducing the maximum stake people are allowed to bet on fixed odds betting terminals.
Tracey Crouch
As previously stated in the House of Commons, the Government is considering the situation and I hope to announce details of a review in due course. This will be the appropriate mechanism to look again at the issue of stakes on Fixed Odds Betting Terminals.