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Written Question
Employee Ownership
Thursday 7th April 2016

Asked by: Lord Hodgson of Astley Abbotts (Conservative - Life peer)

Question to the HM Treasury:

To ask Her Majesty’s Government whether there was any prior consultation before the decision was taken to end the post transaction valuation check and PAYE health check currently provided by HMRC with effect from 31 March 2016 and, if not, why not.

Answered by Lord O'Neill of Gatley

HM Revenue and Customs (HMRC) has been consulting representative bodies through the Valuation Fiscal Forum over the last 18 months.

HMRC has not withdrawn valuation services that are most relevant to employee share ownership schemes.

HMRC has withdrawn valuation checks for income tax and PAYE as in most cases acceptable valuations were submitted, and therefore the service offered was not of sufficient value.

Speech in Lords Chamber - Tue 17 Mar 2015
Small Business, Enterprise and Employment Bill

"I am grateful to my noble friend. I hoped to get through this afternoon without having to discuss pubs yet again. When a pub is sold by one of the companies covered by the code to a company that is not covered by it—a family brewer was the example she …..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"My Lords, I also have a number of amendments in this group. I think the answer to the noble Lord’s question is that these amendments are all about Clause 42 and the subsequent groups are about subsequent clauses. What we are doing here is debating the whole of Clause 42, …..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"My Lords, when I was interrupted a minute or two ago I was explaining that I had some amendments here and that we had some doubts still, despite my noble friend’s assurances about the workability of what is now proposed. I should say to the noble Lord, Lord Whitty, who …..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"I do not say that the tie is perfect. In fact, I was about to say that the tie has had its imperfections. But I do not think the statistics that are produced by some of the pubcos show that there is the level of dissatisfaction that the CAMRA figures …..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"The noble Lord is very kindly almost making my speech for me. I was about to say—..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"I was about to say that in the 25,000 or so examples of tied tenancies, I do not doubt that there are examples of egregious behaviour by pub owners. Those need to be addressed swiftly and promptly. But I do argue, and I will provide at least two specific examples …..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"I hope I made it clear to the Committee that I was trying to give a bit of a tour d’horizon of how these amendments fitted into the future. I was trying to explain that the adverse tides, which I have just been talking about, are not part of the …..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"Well, the focus in these pubs is on the beer—and possibly cider—because that is what is really essential to the brewers. That is part of their output. If they cannot sell their beer through the tied pubs, that might be cutting off 30% of their market...."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill
Speech in Grand Committee - Wed 28 Jan 2015
Small Business, Enterprise and Employment Bill

"My wording is focused on beer and cider and not on other products at all. I think the clause is clear. It has to be read in conjunction with the fact that the MRO tenant can be clear that he is free to purchase those beers or ciders wherever he …..."
Lord Hodgson of Astley Abbotts - View Speech

View all Lord Hodgson of Astley Abbotts (Con - Life peer) contributions to the debate on: Small Business, Enterprise and Employment Bill