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  • Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, what the exposure to derivatives is of each bank holding a deposit-taking licence.

    Harriett Baldwin

    The Financial Policy Committee of the Bank of England publishes the growth in the notional value of derivatives (see link below).

    http://www.bankofengland.co.uk/publications/Documents/fsr/2015/scrdec15.xlsx

    This indicates that notional derivatives growth was -25.9% as of 20 November 2015.

    The Financial Policy’s Committee’s indicator includes all major UK banks.

    Individual bank derivatives exposures may also be found in their published annual reports.

    “

  • Kelvin Hopkins – 2016 Parliamentary Question to the Cabinet Office

    Kelvin Hopkins – 2016 Parliamentary Question to the Cabinet Office

    The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.

    To ask the Minister for the Cabinet Office, how many bidders for central government contracts have been debarred in accordance with the promoting tax compliance and procurement rules introduced in 2013.

    Matthew Hancock

    I refer the hon. Member to the answer I gave to the hon. Member for Sheffield Heeley on 22 February to UIN: 26788.

  • Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, how many staff are seconded to his Department by (a) KPMG, (b) PricewaterhouseCoopers, (c) Deloitte and (d) Ernst & Young.

    Harriett Baldwin

    HM Treasury have the following secondments in as at 29th February 2016:-

    Deloitte Touche

    1

    Ernst and Young

    1

    KPMG

    1

    PriceWaterhouseCoopers

    1
  • Alison Thewliss – 2016 Parliamentary Question to the HM Treasury

    Alison Thewliss – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Alison Thewliss on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, with reference to page 33 of the Budget 2016, whether flavoured milks will be exempt from the sugar levy.

    Mr David Gauke

    Milk-based drinks, including flavoured milks, are not in scope of the levy. Milk contains calcium and other nutrients which are vital to children’s health.

  • Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, if he will appoint an independent commission to investigate the role of PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte in designing, selling and implementing tax avoidance schemes.

    Mr David Gauke

    The Government is committed to countering tax avoidance to ensure all taxpayers pay their fair share. At Budget 2016, the Chancellor announced a comprehensive package of measures to tackle tax avoidance and aggressive tax planning, and tax evasion by individuals and businesses. Overall, this will raise £12 billion by 2020-21.

    We keep our policy on countering tax avoidance under continuous review to respond to emerging risks.

  • Maria Eagle – 2016 Parliamentary Question to the HM Treasury

    Maria Eagle – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Maria Eagle on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, with reference to page 65 of the Budget 2016, how much he has allocated to establish the new Broadband Investment Fund in (a) 2016-17, (b) 2017-18, (c) 2018-19 and (d) 2019-20.

    Greg Hands

    At Budget 2016 the Government announced an intention to establish a Broadband Investment Fund. No decision has yet been made on the amount that will be invested. The next stage of the process will see the Government procure a fund manager to raise and manage the fund.

  • Maria Eagle – 2016 Parliamentary Question to the HM Treasury

    Maria Eagle – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Maria Eagle on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, with reference to pages 86 and 122 of the Budget 2016, why the fiscal impact of establishing the £20 million Cathedrals Repairs Fund is £10 million.

    Greg Hands

    Budget 2016 announced that the government will provide £20 million across 2016-17 and 2017-18 to extend the First World War Centenary cathedral repairs fund. £10 million of this is financed through new exchequer funding and listed in Table 2.1 on page 86 of the Budget. The remaining £10 million is financed from within the existing DCMS resource budget.

  • Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, if he will bring forward legislative proposals to provide that whistleblowers whose evidence leads to a successful prosecution of tax evasion or avoidance receive a portion of the tax penalties levied on the guilty party.

    Mr David Gauke

    HM Revenue and Customs encourages people to come forward with information in a number of ways, and is already able to offer financial rewards to those who provide us with significant information relating to tax evasion or avoidance. The best way to do so is kept under review.

  • Paul Flynn – 2016 Parliamentary Question to the HM Treasury

    Paul Flynn – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Paul Flynn on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, with reference to paragraph 1.248 of the Budget 2016, to which Department bids to help develop the next generation of small modular reactors will be submitted.

    Greg Hands

    Following the announcement made at the Budget, the Department of Energy and Climate Change (DECC) launched the first phase of a competition to identify the best value small modular reactor for the UK on the 17th March. This development builds on a previous announcement, made at Autumn Statement 2015, that DECC would conduct this competition to help pave the way towards building one of the world’s first small modular reactors in the UK.

    The relevant documentation for the competition is available at:

    https://www.gov.uk/government/collections/small-modular-reactors

  • Paul Flynn – 2016 Parliamentary Question to the HM Treasury

    Paul Flynn – 2016 Parliamentary Question to the HM Treasury

    The below Parliamentary question was asked by Paul Flynn on 2016-03-16.

    To ask Mr Chancellor of the Exchequer, with reference to paragraph 1.215 of the Budget 2016, whether he plans to make additional resources available to HM Revenue and Customs to implement the comprehensive package of measures to tackle tax avoidance and evasion.

    Mr David Gauke

    The Government will ensure that HM Revenue and Customs has the resources it requires to implement the package of measures announced at Budget 2016 to tackle avoidance and evasion.