Asked by: Baroness Hayman of Ullock (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether death duties apply to mineral estates; and if he will make a statement.
Answered by David Gauke
Mineral rights (or ‘mineral estates’) will generally be owned by the person who owns the surface land, but they can be held separately. Rights in respect of some minerals, such as mineral oil and gas, are held by the Crown, or the Coal Authority in the case of coal deposits.
Where an individual owns mineral rights, the value of them forms part of their estate for inheritance tax purposes.
Asked by: Baroness Hayman of Ullock (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of mineral rights on mortgage lending.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
The Government has made no assessment of the effect of mineral rights on mortgage lending.
Asked by: Baroness Hayman of Ullock (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what progress his Department has made on reducing levels of tax avoidance by large corporations; and if he will make a statement.
Answered by David Gauke
The UK initiated the G20/OECD Base Erosion and Profit Shifting project and has already taken action to implement two of the internationally agreed outputs with domestic legislation to introduce country-by-reporting and rules to address hybrid mismatches.
In addition, the UK played a key role in securing the successful EU agreement on automatically exchanging information on tax rulings, reached at the ECOFIN Council in October 2015.
Complementary to international efforts to tackle this issue, we introduced the Diverted Profits Tax from April 2015 to counteract the diversion of profits from the UK by large multinational enterprises.
In the summer Budget 2015 we legislated to improve the effectiveness of our Controlled Foreign Company (CFC) regime by removing the ability for companies to use UK losses and reliefs against their CFC charge.
Asked by: Baroness Hayman of Ullock (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much of the money received from the European Union Solidarity Fund has been returned to the EU in each of the last 10 years.
Answered by David Gauke
Financial aid provided by the EUSF is reported on annually through the European Commission’s European Union Solidarity Fund Annual Report.
Annual reports can be found by searching at the following link:
http://ec.europa.eu/regional_policy/en/information/publications/]
Asked by: Baroness Hayman of Ullock (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much money the UK has received from the European Union Solidarity Fund in each of the last 10 years.
Answered by David Gauke
Financial aid provided by the EUSF is reported on annually through the European Commission’s European Union Solidarity Fund Annual Report. Annual reports can be found by searching at the following link:
http://ec.europa.eu/regional_policy/en/information/publications/
Asked by: Baroness Hayman of Ullock (Labour - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what meetings (a) he, (b) Ministers in his Department and (c) officials in his Department have had on the future of the Magnox site at Bradwell in the last three years.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery.
Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:
http://www.hm-treasury.gov.uk/minister_hospitality.htm.