Written Question
Tuesday 26th January 2021
Asked by:
Derek Thomas (Conservative - St Ives)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of removing VAT on domestic renewables and installations for a period of 10 years to (a) help grow the Green Economy and (b) stimulate the uptake of microgeneration in domestic properties.
Answered by Jesse Norman
- Shadow Leader of the House of Commons
The installation of many energy saving materials that generate domestic renewable energy are already subject to the reduced rate of VAT of 5 per cent when certain conditions are met.
Decisions on tax policy are made at fiscal events and the Government keeps all taxes under review.
Speech in Commons Chamber - Wed 25 Nov 2020
Spending Review 2020 and OBR Forecast
"The Chancellor is quite right that people want to look back and see that their community is better off than before. To pick up on the point about the shared prosperity fund, Cornwall also received European funding and has been promised the shared prosperity fund, but it is often difficult …..."Derek Thomas - View Speech
View all Derek Thomas (Con - St Ives) contributions to the debate on: Spending Review 2020 and OBR Forecast
Speech in Commons Chamber - Tue 03 Nov 2020
Lockdown: Economic Support
"Thank you, Madam Deputy Speaker. I hope it is worth waiting for.
Can I thank the Chief Secretary for all that is being done to help my constituents in west Cornwall and on Scilly? One of the great successes of recent years is the job growth across Cornwall, and that …..."Derek Thomas - View Speech
View all Derek Thomas (Con - St Ives) contributions to the debate on: Lockdown: Economic Support
Written Question
Tuesday 9th June 2020
Asked by:
Derek Thomas (Conservative - St Ives)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect of the covid-19 outbreak on medical research charities in the UK.
Answered by Kemi Badenoch
- Leader of HM Official Opposition
Medical research charities are an important part of the UK’s world-class R&D ecosystem and are contributing directly to combating Covid-19. We know that many charities are struggling and the government is closely monitoring the impacts of Covid-19 on the sector.
Medical research charities can access the comprehensive support the government has made available for employers and businesses. Under these measures, charities can defer their VAT bills and pay no business rates for their shops next year. All charities are eligible for the job retention scheme and the right answer for many charities will be to furlough their employees with the Government paying 80% of wages. Charities are eligible for the Coronavirus Business Interruptions Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, and the Bounce Back Loans Scheme. Registered charities are now exempt from the requirement that 50% of the applicant’s income must be derived from its Trading Activity.
Written Question
Tuesday 9th June 2020
Asked by:
Derek Thomas (Conservative - St Ives)
Question
to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department has taken to support medical research charities during the covid-19 outbreak.
Answered by Kemi Badenoch
- Leader of HM Official Opposition
Medical research charities are an important part of the UK’s world-class R&D ecosystem and are contributing directly to combating Covid-19. We know that many charities are struggling and the government is closely monitoring the impacts of Covid-19 on the sector.
Medical research charities can access the comprehensive support the government has made available for employers and businesses. Under these measures, charities can defer their VAT bills and pay no business rates for their shops next year. All charities are eligible for the job retention scheme and the right answer for many charities will be to furlough their employees with the Government paying 80% of wages. Charities are eligible for the Coronavirus Business Interruptions Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, and the Bounce Back Loans Scheme. Registered charities are now exempt from the requirement that 50% of the applicant’s income must be derived from its Trading Activity.
Speech in Commons Chamber - Tue 24 Mar 2020
Contingencies Fund Bill
"I rise to speak on the Contingencies Fund, not least because the Isles of Scilly transport system—I have mentioned this once already today—is desperate for a contingencies fund. I will set out why, and then how, local departments and Government Departments might help with their own contingencies fund.
The Isles …..."Derek Thomas - View Speech
View all Derek Thomas (Con - St Ives) contributions to the debate on: Contingencies Fund Bill
Speech in Commons Chamber - Tue 24 Mar 2020
Oral Answers to Questions
"I am grateful for the opportunity to raise an issue that seems unique to my constituency. The Isles of Scilly sit 28 miles off Land’s End, and all people and supplies travel via large and small private companies. Those businesses rely on the tourist trade in the summer, but that …..."Derek Thomas - View Speech
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Speech in Commons Chamber - Tue 17 Mar 2020
Economic Update
"Life and the economy on the Isles of Scilly are particularly fragile. To give a quick example, a passenger boat operator who needs to provide a service for the whole of the islands but relies on tourism tells me that he has five weeks left in business. What can the …..."Derek Thomas - View Speech
View all Derek Thomas (Con - St Ives) contributions to the debate on: Economic Update
Speech in Commons Chamber - Tue 11 Feb 2020
Oral Answers to Questions
"The Treasury team will know how difficult it is to get a funding formula to operate for places like the Isles of Scilly, which are remote and sparsely populated. Good work is being done to bring health and social care together under one roof. Can the Minister shed more light …..."Derek Thomas - View Speech
View all Derek Thomas (Con - St Ives) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Tue 02 Jul 2019
Oral Answers to Questions
"My constituency and the rest of Cornwall continues to be one of the less developed areas, even though there is much going for where we are and where we live. What would the Minister say to my county, the Duchy of Cornwall, about how soon it can expect to really …..."Derek Thomas - View Speech
View all Derek Thomas (Con - St Ives) contributions to the debate on: Oral Answers to Questions