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  • Stephen Kinnock – 2016 Parliamentary Question to the HM Treasury

    Stephen Kinnock – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Stephen Kinnock on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, whether the illegal dumping of steel by China will form part of the discussions at the UK-China economic and financial dialogue meeting in November 2016.

    Simon Kirby

    The Chancellor, alongside other Government Ministers, will discuss a range of issues during the UK-China Economic and Financial Dialogue in November 2016.

    The steel industry is currently dealing with very challenging global economic conditions, and the Government has been working hard to address the sector’s concerns. This includes successfully pressing the European Commission for higher import duties on several types of steel. The UK also worked with international partners to secure agreement at the G20 Leader’s Summit in China in September 2016 to create a Global Forum on excess steel capacity. Domestically, the Government is compensating firms for energy costs, ensuring social and economic factors are taken into account when procuring steel, and has set up the Steel Council to look at the long term future of the sector.

  • Catherine West – 2016 Parliamentary Question to the HM Treasury

    Catherine West – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Catherine West on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, how many applications HM Revenue and Customs has processed under the NHS Widening Access Training Scheme for each year in which that Scheme has been active.

    Jane Ellison

    HM Revenue and Customs only hold records of the number of NHS applications under the widening access fund for the tax year 2013/14 onwards. As at 19 October a total of 16,762 applications have been processed as follows:

    Year

    Number of applications

    2013/14

    253

    2014/15

    1,116

    2015/16

    4,175

    2016/17

    11,218
  • Dominic Raab – 2016 Parliamentary Question to the HM Treasury

    Dominic Raab – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Dominic Raab on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, how many times HM Revenue and Customs has used the direct recovery of debts power; and what estimate he has made of the average sum so recovered.

    Jane Ellison

    HM Revenue and Customs’ (HMRC) Direct Recovery of Debt (DRD) power came into force in November 2015.

    So far this year, following visits by HMRC staff to taxpayers at their homes/offices as part of the DRD process, £20m in unpaid tax has been collected from those with the means to pay without actually needing to exercise the full DRD power, as this is a last resort. As part of this process, the need to deduct directly from a debtors bank account has taken place twice, with the average sum recovered being £39,246.

  • Phil Boswell – 2016 Parliamentary Question to the HM Treasury

    Phil Boswell – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Phil Boswell on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, if he will conduct an investigation into the sales practices of Wells Fargo in the UK.

    Simon Kirby

    Investigations into the conduct of financial services in the United Kingdom are a matter for the Financial Conduct Authority (FCA), who are operationally independent from Government.

    The questions have been passed on to the FCA. The FCA will reply directly to the Honorable Member by letter. A copy of the letter will be placed in the Library of the House.

  • Diana Johnson – 2016 Parliamentary Question to the HM Treasury

    Diana Johnson – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Diana Johnson on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, whether he plans to (a) transpose the EU’s fourth anti-money laundering directive into law, (b) continue to participate in measures to share details on the beneficial ownership of companies and (c) participate in the European Financial Intelligence Unit system following the UK’s exit from the EU; and what steps he is taking so that the UK can continue to participate in those schemes.

    Simon Kirby

    Until the UK leaves the EU, the government intends to implement and apply EU legislation, including the Fourth Money Laundering Directive. The UK is and will continue to be at the forefront of international efforts to exchange information on the beneficial ownership of companies and trusts. The UK will continue to work with international partners, including through the Financial Intelligence Unit network, to tackle money laundering and other transnational threats. As near neighbours, EU Member States are particularly important partners and we will continue to cooperate with them closely.

  • Chi Onwurah – 2016 Parliamentary Question to the HM Treasury

    Chi Onwurah – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Chi Onwurah on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the implications of online and mobile applications which require automated access to a user’s banking details for (a) accessibility of banking, (b) digital inclusion, (c) users’ banking security and (d) consumer rights.

    Simon Kirby

    The government is committed to increasing competition in banking to improve outcomes for consumers. This includes establishing a competitive and innovative environment where banks deliver greater choice and value to their customers. A key element of this vision is ensuring the UK remains the world-leader for financial technology (FinTech).

    The Competition and Markets Authority recognised the potential of FinTech and open banking in its retail banking market investigation by requiring the nine largest UK banks to develop and adopt an open banking standard for application programming interfaces (APIs) to allow access to customer account information as set out in the revised Payment Services Directive (PSDII) which comes into force in January 2018.

    This will deliver a common standard for technology that allows the sharing of bank data, allowing authorised third parties to access information such as customer banking details and usage, prices and service quality.

    Harnessing the potential of open banking means that customers will be able to more easily access high quality, low cost banking services, and improve digital engagement with financial services by helping customers better understand where they could get a better deal. PSDII will set out requirements for enhanced security and consumer protections for online and mobile applications accessing users’ banking details from January 2018. The government will be consulting on the transposition of this directive shortly.

  • Jonathan Reynolds – 2016 Parliamentary Question to the HM Treasury

    Jonathan Reynolds – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Jonathan Reynolds on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, what recent discussions the Economic Secretary to the Treasury has had with representatives of the UK financial services sector on the UK’s exit from the EU since assuming office.

    Simon Kirby

    Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.

    Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:

    https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

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  • Gill Furniss – 2016 Parliamentary Question to the HM Treasury

    Gill Furniss – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Gill Furniss on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, what the source of the information was regarding fraudulent tax credit claims passed from HM Revenue and Customs to Concentrix.

    Jane Ellison

    HM Revenue and Customs provided cases to Concentrix where there was an indication that there may be something wrong with the tax credits claimed. Concentrix then applied their own data profiling techniques as well as data matching to identify claims that involved an increased likelihood of error or fraud. The detailed process for selecting claims for Concentrix compliance interventions is set out in sections A9 and A10 of the “specifications of requirement” annex of the Concentrix contract which can be found at: https://www.contractsfinder.service.gov.uk/Notice/85d1b730-5e4e-4be8-ae4c-3ac1f359afc7

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  • Gill Furniss – 2016 Parliamentary Question to the HM Treasury

    Gill Furniss – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Gill Furniss on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, if he will amend his Department’s official guidance to allow court-granted child arrangement orders to be used by HM Revenue and Customs as evidence of children’s living arrangements when assessing applications for tax credits.

    Jane Ellison

    HM Revenue and Customs (HMRC) already accepts a court-granted child arrangement order as evidence when deciding who has main responsibility for a child but need to consider this alongside any other evidence provided before making a decision. HMRC has amended its guidance in the Tax Credits Technical Manual to refer to child arrangement orders.

  • Christopher Chope – 2016 Parliamentary Question to the HM Treasury

    Christopher Chope – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Christopher Chope on 2016-10-18.

    To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 17 October 2016 to Question 48030, if he will place in the Library a copy of the business model and remit of Local Partnerships LLP.

    Mr David Gauke

    Information on Local Partnerships LLP is already available in the public domain with Companies House, including the full annual accounts. There is also further information on their work on the Local Partnerships website.

    https://beta.companieshouse.gov.uk/company/OC346845/filing-history

    http://localpartnerships.org.uk/about/

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