Asked by: Lord Cryer (Labour - Life peer)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what secondments (a) PricewaterhouseCoopers, (b) Deloitte & Touche, (c) Ernst & Young and (d) KPMG has made to the Department, including predecessor Departments, since 2010; for which (i) periods and (ii) tasks the secondments were made; whether secondments of staff from the Department have been made to those firms; and for which (A) periods and (B) tasks.
Answered by James Cartlidge - Shadow Secretary of State for Defence
The information is not held centrally in the requested format, and could only be provided at a disproportionate cost.
Asked by: Lord Cryer (Labour - Life peer)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the (a) nature and (b) value was of all contracts, consultancies or other services placed with the accountancy firms (i) Deloitte & Touche, (ii) Ernst & Young, (iii) KPMG and (iv) PricewaterhouseCoopers in each year since 2010-11 by her Department.
Answered by James Cartlidge - Shadow Secretary of State for Defence
The Government is committed to maintaining transparency about its procurement activity. Since 2010, HM Treasury has published information about its contracts with a value of over £10,000 on the “Contracts Finder” website.
Asked by: Lord Cryer (Labour - Life peer)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will estimate the income to the Exchequer in 2020-21 had an investment income surcharge of the forms in existence until 1983 been in place.
Answered by Victoria Atkins - Shadow Secretary of State for Environment, Food and Rural Affairs
The Government has no current plans to reintroduce the investment income surcharge. As with all aspects of the tax system, the Government keeps tax reliefs under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.Asked by: Lord Cryer (Labour - Life peer)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will estimate the potential income that would have been generated for the Exchequer if an investment income surcharge of the form in existence until 1983 been in place in each year since 2010-11.
Answered by Victoria Atkins - Shadow Secretary of State for Environment, Food and Rural Affairs
The Government has no current plans to reintroduce the investment income surcharge. As with all aspects of the tax system, the Government keeps tax reliefs under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.Asked by: Lord Cryer (Labour - Life peer)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what additional steps he has taken to restrict conversion of income into capital gains or corporation revenues following his announcement of the reversal in the top rate of income tax previously announcement in the fiscal statement of 23 September.
Answered by Victoria Atkins - Shadow Secretary of State for Environment, Food and Rural Affairs
For individuals, it is the scope, rates and allowances of Capital Gains Tax that restrict the conversion of income into capital gains. At the Autumn Statement, the Chancellor announced that the annual exempt amount will be cut to £6,000 for tax year 2023-24 and to £3,000 for subsequent years.
In relation to Corporation Tax, specific anti-avoidance rules apply where income is converted into capital gains in order to use losses.
Asked by: Lord Cryer (Labour - Life peer)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many incidents potentially related to money laundering have (a) the Inland Revenue and (b) HM Customs and Excise reported to the appropriate investigative agencies in each year since 2010; and how many prosecutions resulted from these reports in each year.
Answered by Andrew Griffith - Shadow Secretary of State for Business and Trade
HMRC do not record the requested data.
Information about HMRC’s referrals of suspicious activity to the National Crime Agency, and how HMRC shares information with domestic law enforcement agencies, is set out in its annual anti-money laundering supervision self-assessment report, the latest of which is available at https://www.gov.uk/government/publications/hmrc-economic-crime-supervision-annual-assessment-report-2021-to-2022.
HMRC also has a network of intelligence officers embedded with domestic partner agencies to assist with their operational work. 13 officers are embedded with police teams, including Regional Organised Crime Units, and 7 with other law enforcement agencies. In addition, 5 HMRC officers are seconded to the National Economic Crime Centre and 2 are embedded in the United Kingdom Financial Intelligence Unit.
If any referrals are adopted by these investigating agencies, it is a decision for them, in tandem with the relevant prosecuting authority to pursue a criminal prosecution for money laundering offences.
HMRC can and does investigate money laundering, linked to its assigned matters, as well as criminal breaches of the Money Laundering Regulations. Since 2011/12, HMRC opened 358 investigations involving money laundering or breaches of the Money Laundering Regulations and 301 individuals have been prosecuted for either offence over the same period.