Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of reducing levies on energy bills for households.
Answered by Gareth Davies - Shadow Minister (Business and Trade)
The government monitors energy levy costs and continually keeps these costs under review.
Energy levies pay for investment in critical energy infrastructure necessary for energy security, supporting our successful offshore wind sector, and helping households save energy.
Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when he plans to respond to correspondence of (a) 30 May and (b) 30 June from the hon. Member for Weston-super-Mare on behalf of Mr John Mayer and Ms Teresa Pitt on registrations for National Insurance contributions.
Answered by Victoria Atkins - Shadow Secretary of State for Environment, Food and Rural Affairs
The correspondence was received in HM Revenue & Customs (HMRC) on 01 June 2023 and 03 July 2023.
HMRC apologise for the delay. The constituents were contacted by telephone on 06 September 2023. HMRC aim to reply in detail to the correspondence by 20 September 2023.
Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when he plans to respond to the correspondence from the hon. Member for Weston-super-Mare sent on (a) 5 June and (b) 20 June 2023 relating to a constituent's case.
Answered by Victoria Atkins - Shadow Secretary of State for Environment, Food and Rural Affairs
HMRC responded to this correspondence on 4 July 2023.
I understand that HMRC have also telephoned the constituent to provide an update on their corrected tax return.
Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much he expects the Economic Crime Levy to yield in the current financial year.
Answered by Andrew Griffith - Shadow Secretary of State for Business and Trade
The Economic Crime (Anti-Money Laundering) Levy aims to raise £100 million per year to support action to combat money laundering, with the funding available from 2023-24.
Alongside an increase in public sector spending announced at the 2021 Spending Review, the levy will provide an important private sector contribution from those industries at highest risk of being abused for money laundering. Taken together, this will result in an investment of around £400 million to tackle economic crime across the Spending Review period. That is a substantial investment and will support a step change in our response.
As outlined in the Government’s consultation on the design of the levy, all activities funded by the levy will contribute to tackling money laundering.
The Government has also committed to publishing an annual report on the levy, in addition to a more wide-ranging review by the end of 2027. These mechanisms will provide transparency on how the policy is performing, and how money raised through the levy is being spent.
Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much and what proportion of the Economic Crime Levy her Department plans to use to tackle money laundering in financial year (a) 2022-23 and (b) 2023-24.
Answered by Andrew Griffith - Shadow Secretary of State for Business and Trade
The Economic Crime (Anti-Money Laundering) Levy aims to raise £100 million per year to support action to combat money laundering, with the funding available from 2023-24.
Alongside an increase in public sector spending announced at the 2021 Spending Review, the levy will provide an important private sector contribution from those industries at highest risk of being abused for money laundering. Taken together, this will result in an investment of around £400 million to tackle economic crime across the Spending Review period. That is a substantial investment and will support a step change in our response.
As outlined in the Government’s consultation on the design of the levy, all activities funded by the levy will contribute to tackling money laundering.
The Government has also committed to publishing an annual report on the levy, in addition to a more wide-ranging review by the end of 2027. These mechanisms will provide transparency on how the policy is performing, and how money raised through the levy is being spent.
Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when the Government plans to hold consultation on carbon border adjustment mechanisms.
Answered by James Cartlidge - Shadow Secretary of State for Defence
The Government is exploring a range of policies that could potentially mitigate future risk of carbon leakage, and intends to consult in due course on options, including whether measures such as product standards and a potential carbon border adjustment mechanism (CBAM) could be appropriate tools in the UK’s policy mix.
The ideal way to achieve progress in preventing carbon leakage would be for all countries to move together in pricing, regulating - and therefore reducing - carbon emissions. However, multilateral solutions take time to develop, so options for domestic action must be considered in parallel to efforts towards international solutions.
Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when he will reply to the correspondence from the Hon. Member for Weston-super-Mare dated 3 August and 5 September on behalf of my constituent relating to salary sacrifice schemes.
Answered by Felicity Buchan
I have responded to the Honourable Member’s correspondence.
Asked by: John Penrose (Conservative - Weston-super-Mare)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when he will reply to the correspondence of 13 April and 13 May from the hon. Member for Weston-super-Mare on behalf of constituent David Blackhurst on Vehicle Exercise Duty.
Answered by Felicity Buchan
A response to the Honourable Member for Weston-super-Mare’s letters of 13 April and 13 May regarding his constituent David Blackhurst was sent on 17 June a further copy has been sent by email.