Asked by: Keith Vaz (Labour - Leicester East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, which Yemeni institutions and individuals have funds frozen in the Bank of England.
Answered by John Glen
Responsibility for the implementation of financial sanctions transferred from the Bank of England to Her Majesty’s Treasury in 2007. The Office of Financial Sanctions Implementation (OFSI), which is part of HM Treasury, ensures that financial sanctions are properly understood and implemented in the UK. It is for holders of assets subject to sanctions to ensure that they are frozen under the regulations.
The Yemen sanctions regime imposes an asset freeze against five individuals. Details of the Yemen regime, including the designated persons, can be publicly accessed on GOV.UK at the following web address: https://www.gov.uk/government/publications/financial-sanctions-yemen.
OFSI undertakes an Annual Review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. As of 28 September 2018, the value of frozen funds associated with designated persons on the Yemen regime was some £3,500,000 (see OFSI Annual Review 2018 – 2019, available at: https://gov.uk/ofsi.) HM Treasury does not provide a breakdown of the value of frozen assets held by certain individuals or entities, nor does it provide detailed information of frozen assets associated with specific designated persons.
Asked by: Keith Vaz (Labour - Leicester East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what the value is of funds frozen of Yemeni institutions and individuals in the Bank of England.
Answered by John Glen
Responsibility for the implementation of financial sanctions transferred from the Bank of England to Her Majesty’s Treasury in 2007. The Office of Financial Sanctions Implementation (OFSI), which is part of HM Treasury, ensures that financial sanctions are properly understood and implemented in the UK. It is for holders of assets subject to sanctions to ensure that they are frozen under the regulations.
The Yemen sanctions regime imposes an asset freeze against five individuals. Details of the Yemen regime, including the designated persons, can be publicly accessed on GOV.UK at the following web address: https://www.gov.uk/government/publications/financial-sanctions-yemen.
OFSI undertakes an Annual Review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. As of 28 September 2018, the value of frozen funds associated with designated persons on the Yemen regime was some £3,500,000 (see OFSI Annual Review 2018 – 2019, available at: https://gov.uk/ofsi.) HM Treasury does not provide a breakdown of the value of frozen assets held by certain individuals or entities, nor does it provide detailed information of frozen assets associated with specific designated persons.
Asked by: Keith Vaz (Labour - Leicester East)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what plans he has under assessment for the implementation of a tax on unhealthy food.
Answered by Robert Jenrick
The Government has no plans to implement a tax on unhealthy food.
Asked by: Keith Vaz (Labour - Leicester East)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount to be accrued to the public purse by the sugar tax in 2018-19.
Answered by Robert Jenrick
The latest estimation of receipts from the Soft Drinks Industry Levy in 2018/19 is £240m, as published by the Office for Budget Responsibility in March 2018.
Asked by: Keith Vaz (Labour - Leicester East)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what estimate he has made of the amount to be accrued to the public purse by the sugar tax in 2018-19.
Answered by Robert Jenrick
The latest estimation of receipts from the Soft Drinks Industry Levy in 2018/19 is £240m, as published by the Office for Budget Responsibility in March 2018.
Asked by: Keith Vaz (Labour - Leicester East)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the reasons are for there being between 400 and 450 million old, round pound coins still in circulation.
Answered by Andrew Jones
The process of repatriation of the old £1 coins is still ongoing. Coins are being returned to banks by individuals and businesses every day. We encourage those that still have round £1 coins to now bank or donate them to charity.
In all recoinages, a proportion of coin is not returned. We expect that the proportion of round £1 coins removed from circulation to be in line with previous withdrawals of high denomination coins, such as the recoinage of the 50p, which took place between 1997 and 1998.
Asked by: Keith Vaz (Labour - Leicester East)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many contracts exist between HM Revenue and Customs and (a) KPMG, (b) Ernst & Young, (c) Deloitte and (d) PwC; and what the value is of each such contract.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
HM Revenue and Customs’ current contracts with these organisations are as follows.
Organisation | Contract | Value |
KPMG | Civil Service Learning Training Contract | £3.86m pa |
Ernst & Young | None | £0 |
Deloitte | Forensic Accountancy Services | £538k pa |
PwC | Estates Transformation Support | £225k total |