Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many people have invested in a Lifetime ISA since its introduction.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The Lifetime ISA was introduced to help younger generations save both for their first home and later life. It has been available since April 2017. Individuals can subscribe up to £4,000 a year into a Lifetime ISA, receiving a 25% government bonus.
Since its introduction, monthly digital reporting to HMRC by Lifetime ISA providers indicate that over 330,000 people have invested in a Lifetime ISA.
Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the average age is of people who have taken up a Help to Buy ISA.
Answered by John Glen - Paymaster General and Minister for the Cabinet Office
The average age of people who have taken up a Help to Buy: ISA is 26. Other key statistics on the Help to Buy ISA can be found here; https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/798122/H2B_ISA_official_statistics_December_2018.pdf
Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the value was of R&D tax credits in (a) the Humber, (b) Yorkshire and the Humber and (c) the UK in each of the last five years.
Answered by Jesse Norman
The value of Research and Development (R&D) tax credits and the number of businesses taking those up for the years 2000-01 to 2016-17 are published in the relevant National Statistics:
The same publication contains the number and value of claims for Yorkshire and the Humber for 2015-16 and 2016-17. The number and values for earlier years are published in previous publications:
The value of tax credits and the number of businesses taking up tax credits by county or unitary authority for 2015-16 and 2016-17 are published in the supplementary tables. Data for other years and geographies would only be available at disproportionate cost.
All these tables are based on registered office location, which may not be where the actual R&D activity is carried out.
Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many businesses have taken up R&D tax credits in (a) the Humber, (b) Yorkshire and the Humber and (c) the UK in each of the last five years.
Answered by Jesse Norman
The value of Research and Development (R&D) tax credits and the number of businesses taking those up for the years 2000-01 to 2016-17 are published in the relevant National Statistics:
The same publication contains the number and value of claims for Yorkshire and the Humber for 2015-16 and 2016-17. The number and values for earlier years are published in previous publications:
The value of tax credits and the number of businesses taking up tax credits by county or unitary authority for 2015-16 and 2016-17 are published in the supplementary tables. Data for other years and geographies would only be available at disproportionate cost.
All these tables are based on registered office location, which may not be where the actual R&D activity is carried out.
Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he is taking steps to enable the return of duty free sales to passengers travelling to the EU from the UK after the UK leaves the EU; and if he will make a statement.
Answered by Mel Stride - Secretary of State for Work and Pensions
The issues around duty-free are complex, with a range of possible approaches. At this stage the government cannot make assumptions about the tax rules at the EU border, or pre-empt the outcome of negotiations.
Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what discussions his Department has had with its international counterparts on developing regulations for crypto-currencies.
Answered by Andrew Bridgen
I refer the Hon. Member to the answer given on 1 March 2018 to PQ UIN 129437.
Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will launch a consultation on the merits of duty free sales to EU countries after the UK leaves the EU.
Answered by Mel Stride - Secretary of State for Work and Pensions
The issues around duty-free are complex, with a range of possible approaches. At this stage the government cannot make assumptions about the tax rules at the EU border, or pre-empt the outcome of negotiations.
Asked by: Andrew Percy (Conservative - Brigg and Goole)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether his Department expects that the UK will be classed as a third country after the UK leaves the EU; and whether people travelling from the EU to the UK will be able to purchase duty free goods.
Answered by Mel Stride - Secretary of State for Work and Pensions
Future customs arrangements are dependent on the outcome of the negotiations with the EU. The Government has been clear that as we leave the EU we will also leave the EU customs union, and that the UK’s future customs arrangements should be as frictionless as possible.
The issues around duty free are complex, with a range of possible approaches. At this stage the Government cannot make assumptions about the tax rules at the EU border, or pre-empt the outcome of negotiations.