Asked by: David T C Davies (Conservative - Monmouth)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many people who have been granted refugee leave have claimed backdated child benefit in each of the last three years for which figures are available.
Answered by Damian Hinds
HMRC does not hold the requested information.
Asked by: David T C Davies (Conservative - Monmouth)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the trends in the (a) EU energy trading system price for carbon and (b) all-in UK carbon price, including the carbon price floor, were in the last six months.
Answered by Damian Hinds
Rates of the UK-only carbon price are published on page A105 of the 2013 Budget's Overview Of Tax And Legislation
Budget 2014 announced a cap of the CPS rate at £18 per tonne of carbon between 2016/17 until the end of the decade, as shown on page A109 of the 2014 Budget’s Overview Of Tax And Legislation https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/294190/OOTLAR_19_March_2014__1_.pdf). Recent trends in the EU ETS carbon price can be found on the ICE Auction Platform’s Report Centre at https://www.theice.com/marketdata/reports/148
Asked by: David T C Davies (Conservative - Monmouth)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has to apply the UK carbon price floor to electricity imported through interconnectors which is generated by overseas fossil fuel plants; and if he will make a statement.
Answered by Damian Hinds
The Carbon Price Floor is a tax levied on fossil fuels used to generate electricity in the UK only. The Government cannot apply it to imported electricity due to EU excise and energy tax directives. HMT keeps all taxes under review.
Asked by: David T C Davies (Conservative - Monmouth)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he last met the Secretary of State for Energy and Climate Change to discuss the carbon price floor.
Answered by Damian Hinds
The Carbon Price Floor is made up of the EU Emissions Trading System carbon price and the UK Carbon Price Support rates. Table C.3 of the 2015 Budget sets out forecasts for Exchequer revenue from the Climate Change Levy, including Carbon Price Support, and from EU Emissions Trading System auction receipts for each year, up to financial year 2019/20. They are shown in the table below.
14/15 | 15/16 | 16/17 | 17/18 | 18/19 | 19/20 | |
Climate Change Levy (£bn) | 1.7 | 2.0 | 2.0 | 1.8 | 1.7 | 1.6 |
EU ETS auction receipts (£bn) | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 |
All revenues from the Carbon Price Floor accrue to the Exchequer.
The Chancellor regularly meets the Secretary of State for Energy and Climate to discuss energy policy.
Asked by: David T C Davies (Conservative - Monmouth)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what proportion of the total additional revenues raised by carbon price floor rates were retained by HM Treasury; and what proportion accrues to low carbon generators for (a) renewables and (b) nuclear operators.
Answered by Damian Hinds
The Carbon Price Floor is made up of the EU Emissions Trading System carbon price and the UK Carbon Price Support rates. Table C.3 of the 2015 Budget sets out forecasts for Exchequer revenue from the Climate Change Levy, including Carbon Price Support, and from EU Emissions Trading System auction receipts for each year, up to financial year 2019/20. They are shown in the table below.
14/15 | 15/16 | 16/17 | 17/18 | 18/19 | 19/20 | |
Climate Change Levy (£bn) | 1.7 | 2.0 | 2.0 | 1.8 | 1.7 | 1.6 |
EU ETS auction receipts (£bn) | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 |
All revenues from the Carbon Price Floor accrue to the Exchequer.
The Chancellor regularly meets the Secretary of State for Energy and Climate to discuss energy policy.