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  • Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Austin Mitchell on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, what the notional value of derivatives held by banks regulated by the UK authorities is; and what information his Department holds on the maturity and exposure of such derivatives.

    Andrea Leadsom

    HM Treasury does not preserve specific information relating to the value, maturity or exposure of derivatives. Aggregate data on the derivative positions of UK banks is collected every quarter and made publicly available online by the Bank of England. The specific balance sheet position on derivatives for each bank will be published regularly in their annual report to shareholders.

  • Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Austin Mitchell on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, what the derivatives exposure is of each bank regulated by the UK authorities.

    Andrea Leadsom

    HM Treasury does not preserve specific information relating to the value, maturity or exposure of derivatives. Aggregate data on the derivative positions of UK banks is collected every quarter and made publicly available online by the Bank of England. The specific balance sheet position on derivatives for each bank will be published regularly in their annual report to shareholders.

  • Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Stephen Hammond on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the contribution of the spirits industry to economic activity in the wider economy.

    Priti Patel

    Ernst & Young (EY) have recently published its economic impact analysis of the spirits industry in the UK. The EY report which can be found online includes estimates of the spirits industry’s financial contribution to the UK economy, contribution to economic activity and the number of jobs the industry supports.

  • Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Stephen Hammond on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, what recent estimate he has made of how much consumers of spirits paid in duty, tax and VAT in the latest period for which figures are avaiable.

    Priti Patel

    Receipts from duties on spirits that are released for consumption in the UK are published in our monthly alcohol bulletin:

    https://www.uktradeinfo.com/Statistics/Pages/TaxAndDutybulletins.aspx

    Information on VAT paid by consumers on spirits is not available. HM Revenue & Customs do not collect data on VAT receipts by individual goods or services.

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  • Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Stephen Hammond on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, how many jobs are supported by the spirits industry in the UK.

    Priti Patel

    Ernst & Young (EY) have recently published its economic impact analysis of the spirits industry in the UK. The EY report which can be found online includes estimates of the spirits industry’s financial contribution to the UK economy, contribution to economic activity and the number of jobs the industry supports.

  • Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    Stephen Hammond – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Stephen Hammond on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, what recent estimate he has made of the financial contribution of the spirits industry to the UK economy.

    Priti Patel

    Ernst & Young (EY) have recently published its economic impact analysis of the spirits industry in the UK. The EY report which can be found online includes estimates of the spirits industry’s financial contribution to the UK economy, contribution to economic activity and the number of jobs the industry supports.

  • Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Austin Mitchell on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, what the value of tax reductions for companies under the patent box legislation has been since April 2013.

    Mr David Gauke

    The patent box was introduced in April 2013 and companies have up to two years from the end of their accounting period to elect into the regime. The first complete set of data will therefore not be available before end April 2016.

  • Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Austin Mitchell on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, what the capital value is of each PFI contract formed since the inception of that policy; and what amount the Government is contracted to repay in each such case.

    Danny Alexander

    A spreadsheet containing data on all operational PFI projects can be found on the following link, www.gov.uk/government/publications/private-finance-initiative-projects-2014-summary-data.

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  • Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Austin Mitchell on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, how many companies have applied the lower rate of corporation tax associated with patent box legislation.

    Mr David Gauke

    The patent box was introduced in April 2013 and companies have up to two years from the end of their accounting period to elect into the regime. The first complete set of data will therefore not be available before end April 2016.

  • Paul Flynn – 2015 Parliamentary Question to the HM Treasury

    Paul Flynn – 2015 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Paul Flynn on 2015-02-12.

    To ask Mr Chancellor of the Exchequer, on which dates he discussed with senior officials at HM Revenue and Customs whether maximisation of recovery of unpaid tax liabilities from UK residents holding private unregistered accounts offshore should be prioritised ahead of prosecuting alleged offenders.

    Mr David Gauke

    HM Revenue & Customs (HMRC) has a longstanding approach to tax evasion, which is based on collecting the tax and interest due, changing taxpayer behaviour to discourage them from evading in the future, and enforcing the most appropriate and effective penalties. This approach was set out by the then Chancellor of the Exchequer in 2002[1] and has not changed.

    They have a range of enforcement tools at their disposal, including criminal prosecution and civil sanctions. In many cases, and when the evidence supports this, the most appropriate action is to pursue criminal charges.

    HMRC therefore use the criminal route where they have the strongest evidence of criminal intent, for serial tax evaders and for people who deliberately conceal information when they are investigated by HMRC.

    In 2010 this Government increased the resources available for prosecution and as a result the number of prosecutions has increased by a factor of five.

    [1] http://hansard.millbanksystems.com/written_answers/2002/nov/07/tax-fraud

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