Asked by: Lord Mann (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether HM Treasury officials have held meetings with other Government Departments in 2017 to discuss the removal of landfill tax from abandoned waste sites owned by the Crown Estate.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
The previous Financial Secretary, in a letter to the hon. Member for Bassetlaw dated 19th April 2017, set out that a waiver of landfill tax for such cases would set a perverse incentive which may lead to the abandonment of other such waste sites. Therefore it would be counterproductive to waive the landfill tax liability in this case. I agree with this assessment.
HM Treasury has made no estimate as to the value of the site at Sandy Lane, Worksop.
HM Treasury has not held any meetings with other government departments concerning the removal of landfill tax from abandoned waste sites owned by the Crown Estate.
Asked by: Lord Mann (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the value of the waste site at Sandy Lane, Worksop.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
The previous Financial Secretary, in a letter to the hon. Member for Bassetlaw dated 19th April 2017, set out that a waiver of landfill tax for such cases would set a perverse incentive which may lead to the abandonment of other such waste sites. Therefore it would be counterproductive to waive the landfill tax liability in this case. I agree with this assessment.
HM Treasury has made no estimate as to the value of the site at Sandy Lane, Worksop.
HM Treasury has not held any meetings with other government departments concerning the removal of landfill tax from abandoned waste sites owned by the Crown Estate.
Asked by: Lord Mann (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will make an assessment of the merits of the proposal by the hon. Member for Bassetlaw on the removal of landfill taxes to assist the removal of waste from the abandoned waste site at Sandy Lane, Worksop.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
The previous Financial Secretary, in a letter to the hon. Member for Bassetlaw dated 19th April 2017, set out that a waiver of landfill tax for such cases would set a perverse incentive which may lead to the abandonment of other such waste sites. Therefore it would be counterproductive to waive the landfill tax liability in this case. I agree with this assessment.
HM Treasury has made no estimate as to the value of the site at Sandy Lane, Worksop.
HM Treasury has not held any meetings with other government departments concerning the removal of landfill tax from abandoned waste sites owned by the Crown Estate.
Asked by: Lord Mann (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent steps he has taken to protect consumers from high levels of surcharging when they withdraw cash from their accounts.
Answered by Simon Kirby
Rules governing ATM surcharging are currently set by the LINK scheme, a commercial arrangement that manages the network that connects the UK’s ATMs.
LINK statistics show that the number of free-to-use ATMs is at an all-time high of over 53,000 and over 98% of all ATM cash withdrawals by UK cardholders in the UK are made free of charge.
LINK runs a financial inclusion programme which subsidises free to use ATMs in areas without existing access. LINK has identified 1,694 rural and/or deprived ‘target’ areas, and 87% of these areas are now served by 916 subsidised cashpoints, up from 171 in 2007.
Asked by: Lord Mann (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much the Government has had to pay in tax rebates since the 2012 Franked Investment Income judgment.
Answered by Jane Ellison
Two judgments in the Franked Investment Income Group Litigation Order case were handed down in 2012, by the UK Supreme Court on 23 May and by the Court of Justice of the European Union on 13 November. Since those decisions, HM Revenue and Customs has made payments of £1,490,455,098 less tax withheld under the restitution interest provisions introduced by Finance (No.2) Act 2015 of £324,402,752, a net sum of £1,166,052,346.
Asked by: Lord Mann (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what costs (a) have and (b) will accrue to the public purse as a result of the 2012 Franked Investment income judgment.
Answered by Jane Ellison
It is not possible at this stage to give a reliable estimate of the costs to the Exchequer of the eventual outcome of the Franked Investment Income Group Litigation Order. This litigation is ongoing and raises several fundamental legal issues.
The Trust Accounts of HM Revenue and Customs published annually reflect provisions and contingent amounts in relation to this and other items of important on-going litigation. This is available at: https://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2015-to-2016.
Asked by: Lord Mann (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he has re-offered an extension of contract to the Governor of the Bank of England.
Answered by Simon Kirby
The Financial Services Act 2012 states that the appointment to Governor of the Bank of England is for a period of eight years and that a Governor may not be appointed more than once. The current Governor of the Bank of England was appointed on 1 July 2013 for a term of eight years, but indicated at the time that he would serve until 30 June 2018.