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  • Hugo Swire – 2016 Parliamentary Question to the HM Treasury

    Hugo Swire – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Hugo Swire on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, whether he is taking steps to encourage banks to reduce interest rates inline with base rate reductions.

    Simon Kirby

    Alongside the Monetary Policy Committee’s decision to cut Bank Rate to 0.25%, the Chancellor on 4 August authorised the introduction of a new Term Funding Scheme.

    The Term Funding Scheme will lend central bank reserves to banks and building societies for an extended period at rates close to Bank Rate, in order to ensure the low level of Bank Rate is passed onto borrowing rates faced by households and businesses.

  • Robert Flello – 2016 Parliamentary Question to the HM Treasury

    Robert Flello – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Robert Flello on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, what representations he has received from the Road Haulage Association on lorry drivers setting up personal service companies for tax purposes; and what steps his Department is taking to promote tax compliance among road hauliers.

    Jane Ellison

    The Road Haulage Association wrote to the Government on the 18th March 2016 to raise their concerns about this issue. HM Revenue and Customs (HMRC) has worked with the Road Haulage Association and others to highlight the managed service company and employment intermediaries rules which are designed to ensure that people who provide their services through their own limited companies pay the appropriate employment taxes. HMRC robustly enforces compliance with these rules, including in the road haulage sector.

  • Tim Farron – 2016 Parliamentary Question to the HM Treasury

    Tim Farron – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Tim Farron on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, whether the Government will maintain the cap on bankers’ bonuses after the UK leaves the EU.

    Simon Kirby

    Until negotiations on Britain’s future relationship with Europe are concluded, we remain a full member of the EU and must meet our obligations as a member of the EU.

    All government departments are currently reviewing the EU laws that apply in their policy areas and how our withdrawal from the EU will affect the operation of those laws.

    The UK is at the forefront of global efforts to tackle unacceptable pay practices in the banking sector and has the toughest regime on pay of any major financial centre.

    Firms are now required to have policies in place to defer, reduce, cancel or clawback bonuses in the event that poor performance or misconduct comes to light and the Government expects firms to be proactive in their application of these policies. Used in this way bonuses can be an effective incentive for staff to act in the long term interests of a business.

    The Government’s efforts have resulted in a restructuring of pay including a significant reduction in cash bonuses, and a better alignment of risk and reward in the financial sector.

  • Helen Goodman – 2016 Parliamentary Question to the HM Treasury

    Helen Goodman – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Helen Goodman on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, how many tax credit claimants whose claim was wrongfully stopped then reinstated have not had the full value of money returned; and what the total amount outstanding still owed is in such cases.

    Jane Ellison

    Where a tax credit award has been re-instated following a gap in payment, the claimant may receive the payment as a lump sum. This depends on the exact circumstances of the case, taking into account the revised entitlement compared to the monies already received. All future payments will also be adjusted to account for the revisions to the award. Provisions are in place to make arrears payments to customers suffering financial hardship.

  • Frank Field – 2016 Parliamentary Question to the HM Treasury

    Frank Field – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Frank Field on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, by when his Department plans to report its funding on a proposed breathing space mechanism for problem debt.

    Simon Kirby

    The Government is exploring whether some form of “breathing space” would be a useful and viable addition to the range of formal and informal debt solutions available to consumers and creditors. Officials in HM Treasury and the Insolvency Service have been asked to discuss this issue with stakeholders and the Government will report back this autumn.

  • Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Angela Eagle on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, how many complaints HM Revenue and Customs have received about Concentrix from residents in (a) Wallasey constituency, (b) Wirral and (c) Merseyside since that company has been under contract with his Department.

    Jane Ellison

    HM Revenue and Customs (HMRC) does not hold data broken down specifically by constituency areas.

    HMRC is currently focussed on resolving the outstanding cases but will be preparing regional analysis, which will be available in due course.

  • Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Angela Eagle on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, how many tax credits claims have been reinstated by HM Revenue and Customs as a result of (a) adjustments and (b) cancellations by Concentrix in (i) Wallasey constituency, (ii) Wirral and (iii) Merseyside.

    Jane Ellison

    HM Revenue and Customs (HMRC) does not hold data broken down specifically by constituency areas.

    HMRC is currently focussed on resolving the outstanding cases but will be preparing regional analysis, which will be available in due course.

  • Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Angela Eagle on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, how many outstanding applications for mandatory reconsideration of a tax credit decision by Concentrix there are in (a) Wallasey constituency, (b) Wirral and (c) Merseyside.

    Jane Ellison

    HM Revenue and Customs (HMRC) does not hold data broken down specifically by constituency areas.

    HMRC is currently focussed on resolving the outstanding cases but will be preparing regional analysis, which will be available in due course.

  • Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    Angela Eagle – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Angela Eagle on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, how many people in (a) Wallasey constituency, (b) Wirral and (c) Merseyside have had tax credits claims (i) amended and (ii) cancelled by Concentrix.

    Jane Ellison

    HM Revenue and Customs (HMRC) does not hold data broken down specifically by constituency areas.

    HMRC is currently focussed on resolving the outstanding cases but will be preparing regional analysis, which will be available in due course.

  • Louise Haigh – 2016 Parliamentary Question to the HM Treasury

    Louise Haigh – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Louise Haigh on 2016-10-07.

    To ask Mr Chancellor of the Exchequer, with reference to the HM Revenue and Customs Benefits and Credits, Errors and Fraud Adding Capacity 444 contract between SYNNEX-Concentrix UK Limited and HM Revenue and Customs, if he will publish the quality criteria for assessing tax credit decisions.

    Jane Ellison

    Information around the criteria and process for assessing tax credit decisions is set out in sections A12-A14 of the Concentrix contract and can be found at: https://www.contractsfinder.service.gov.uk/Notice/85d1b730-5e4e-4be8-ae4c-3ac1f359afc7.

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