Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to hold discussions with representatives of the main banks on the potential merits of agreeing a new banking framework with the Post Office for the period after 2025.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The Government is supportive of industry initiatives that assist access to in-person banking. These include the Post Office Banking Framework, which allows personal and business customers to carry out everyday banking services at 11,500 Post Office branches across the UK.

Negotiations between the banking industry and the Post Office regarding any future Banking Framework are commercial discussions and the Government has no role.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has had discussions with the Secretary of State for Culture, Media and Sport on the Government's BBC funding model review.

Answered by Laura Trott - Chief Secretary to the Treasury

The Government has launched a review of the BBC’s funding model, to ensure it is fair to licence fee payers, sustainable for the long term, and supports the BBC’s vital role in growing our thriving creative industries.

This is an important cross-Government programme of work, HMT and DCMS are in regular engagement, and will continue to do so over the course of the review.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what proportion of his Department’s (a) advertising and (b) marketing expenditure was on (i) local newspapers in print and online, (ii) national newspapers in print and online, (iii) social media, (iv) search engines, (v) broadcast and on-demand television and (vi) other channels in the most recent year for which data is available.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

HMT’s expenditure on these related areas are all published in the public domain and can be found across the below links

a) https://www.gov.uk/government/collections/gpc-spend

b) https://www.gov.uk/government/collections/25000-spend

c) https://www.gov.uk/government/collections/hmt-annual-report

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will list the organisations that attended HMRC Stakeholder Conference 2024.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The HMRC Stakeholder Conference was attended by 184 external stakeholders from a range of sectors and organisations, including professional bodies, agents, business representative organisations, businesses, customs, and the voluntary and community sector.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has had discussions with the Bank of England on incorporating the impact of climate change in inflation modelling.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The Treasury meet with the Bank of England regularly to discuss their assessment of the economy, inflation and the impact of shocks and structural trends, including climate change.

The Office for Budget Responsibility (OBR) is the government’s official forecaster. They published their latest assessment of the economic and fiscal outlook (EFO) which includes inflation on 6th March. The Fiscal risks and sustainability report, published in July 2023, included discussion of the long-term impact of climate change on the fiscal position.

The Bank of England has operational independence over monetary policy and publishes its own forecasts, including for inflation, in its quarterly Monetary Policy Report.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what guidance HM Revenue and Customs has issued on to the sale of Right to Buy properties.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

HMRC capital gains tax (CGT) guidance in connection with selling a home is available on GOV.UK at www.gov.uk/tax-sell-home.

Self-assessment Helpsheets 281 and 283 also contain information about the amount of CGT private residence relief available when a person sells a property that has been their only or main residence at some time during their ownership, including how the relief applies to married couples and civil partnerships. These are available, respectively, at www.gov.uk/government/publications/husband-and-wife-civil-partners-divorce-dissolution-and-separation-hs281-self-assessment-helpsheet and www.gov.uk/government/publications/private-residence-relief-hs283-self-assessment-helpsheet.

More detailed information on CGT is available in HMRC’s Capital Gains Tax Manual at www.gov.uk/hmrc-internal-manuals/capital-gains-manual.

There are no separate CGT rules for properties acquired under the Right to Buy arrangements.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of the conflict between Iran and Israel on (a) global economic stability, (b) oil prices and (c) inflation.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

HM Treasury is monitoring the situation closely following Iran’s attack against Israel. The UK is working urgently with our allies to de-escalate the situation.

The Office for Budget Responsibility (OBR) estimated the potential UK economic impacts of a widening of conflict in the Middle East in their March 2024 Economic and Fiscal Outlook (https://obr.uk/efo/economic-and-fiscal-outlook-march-2024/ ).

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will hold discussions with the Financial Conduct Authority on the additional costs to consumers of paying (a) vehicle and (b) household insurance in monthly instalments; and if he will make an assessment of the potential impact of such costs on people on lower incomes.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

Treasury Ministers and officials have regular meetings with a wide variety of organisations in the public and private sectors, including the financial services regulators, on an ongoing basis. 
   
The Government does not prescribe the terms, conditions or price that insurance companies set when offering insurance. Insurers make commercial decisions about the pricing of insurance following their assessment of the relevant risks. The Government does not intervene in these decisions as this could damage competition in the market.

The Financial Conduct Authority (FCA) is the independent regulator responsible for supervising the insurance industry. The FCA requires firms to ensure their products offer fair value (i.e. if the price a consumer pays for a product or service is reasonable compared to the overall benefits they can expect to receive). The FCA has been clear that it will be monitoring firms to ensure they are providing products that are fair value, and, where necessary, it will take action.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to help ensure that the new regulatory framework for crypto assets and stablecoins will (a) enhance the UK's global competitiveness in fintech and (b) protect consumers from the volatility and risks associated with digital currencies.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

1. The government is committed to creating a regulatory environment in the UK where firms can innovate, while crucially maintaining financial stability and clear regulatory standards.
2. In line with this, the government has already brought cryptoassets into regulation for anti-money laundering and counter-terrorist financing, and financial promotions.
3. As a result, the Financial Conduct Authority now regulates and supervises qualifying cryptoasset promotions, with the aim of improving consumers’ understanding of the risks and benefits associated with cryptoasset investments, and ensuring that cryptoasset promotions are held to the same high standards as for broader financial services.
4. In October last year, the Treasury published its final proposals for creating the UK’s financial services regulatory regime for cryptoassets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what regulatory measures are in place to ensure the stability and security of investments in cryptocurrencies; and whether any additional measures are being considered.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

1. The government is committed to creating a regulatory environment in the UK where firms can innovate, while crucially maintaining financial stability and clear regulatory standards.
2. In line with this, the government has already brought cryptoassets into regulation for anti-money laundering and counter-terrorist financing, and financial promotions.
3. As a result, the Financial Conduct Authority now regulates and supervises qualifying cryptoasset promotions, with the aim of improving consumers’ understanding of the risks and benefits associated with cryptoasset investments, and ensuring that cryptoasset promotions are held to the same high standards as for broader financial services.
4. In October last year, the Treasury published its final proposals for creating the UK’s financial services regulatory regime for cryptoassets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to issue any (a) guidance or (b) resources to help potential investors understand the risks and benefits associated with cryptocurrency investments.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

1. The government is committed to creating a regulatory environment in the UK where firms can innovate, while crucially maintaining financial stability and clear regulatory standards.
2. In line with this, the government has already brought cryptoassets into regulation for anti-money laundering and counter-terrorist financing, and financial promotions.
3. As a result, the Financial Conduct Authority now regulates and supervises qualifying cryptoasset promotions, with the aim of improving consumers’ understanding of the risks and benefits associated with cryptoasset investments, and ensuring that cryptoasset promotions are held to the same high standards as for broader financial services.
4. In October last year, the Treasury published its final proposals for creating the UK’s financial services regulatory regime for cryptoassets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has made an estimate of (a) the role and (b) trends in the value of (i) bitcoin and (ii) other major cryptocurrencies in the economy in the next (A) five and (B) 10 years.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

1. The government is committed to creating a regulatory environment in the UK where firms can innovate, while crucially maintaining financial stability and clear regulatory standards.
2. In line with this, the government has already brought cryptoassets into regulation for anti-money laundering and counter-terrorist financing, and financial promotions.
3. As a result, the Financial Conduct Authority now regulates and supervises qualifying cryptoasset promotions, with the aim of improving consumers’ understanding of the risks and benefits associated with cryptoasset investments, and ensuring that cryptoasset promotions are held to the same high standards as for broader financial services.
4. In October last year, the Treasury published its final proposals for creating the UK’s financial services regulatory regime for cryptoassets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department has taken to support innovation in blockchain and cryptocurrency technologies while ensuring robust consumer protections.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

1. The government is committed to creating a regulatory environment in the UK where firms can innovate, while crucially maintaining financial stability and clear regulatory standards.
2. In line with this, the government has already brought cryptoassets into regulation for anti-money laundering and counter-terrorist financing, and financial promotions.
3. As a result, the Financial Conduct Authority now regulates and supervises qualifying cryptoasset promotions, with the aim of improving consumers’ understanding of the risks and benefits associated with cryptoasset investments, and ensuring that cryptoasset promotions are held to the same high standards as for broader financial services.
4. In October last year, the Treasury published its final proposals for creating the UK’s financial services regulatory regime for cryptoassets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of converting the childcare subsidy into an increased tax-free allowance.

Answered by Laura Trott - Chief Secretary to the Treasury

The Government recognises the importance of supporting parents with the costs of childcare and does so through a range of childcare offers.

The Government keeps childcare policy under regular review.

Question to the HM Treasury:

To ask His Majesty's Government what discussions they had with the "build to rent" sector to understand the impact of the proposed abolition of the Stamp Duty Land Tax Multiple Dwellings Relief announced in the Spring Budget, beyond the consultation from November 2021 to February 2022.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The abolition of Multiple Dwellings Relief follows an external evaluation which found no strong evidence the relief is meeting its original objectives of supporting investment in the private rented sector.

Larger investors who purchase 6 or more properties in a single transaction can still continue to benefit from the non-residential rates of Stamp Duty Land Tax.

The government will continue to engage with stakeholders in the build to rent sector to understand any concerns.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the next round of International Climate Finance from April 2026 has already been allocated under future spending plans.

Answered by Laura Trott - Chief Secretary to the Treasury

The next round of International Climate Finance falls outside of this Spending Review period. Decisions on how spending is allocated after 2024-25, including for International Climate Finance, will be made at a future Spending Review.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make it his policy to review the (a) rate of and (b) threshold for Stamp Duty Land Tax in Northern Ireland in the context of trends in average house prices.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The government keeps all tax policy under review and changes are announced at a fiscal event as part of the normal tax policy making process.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he (a) has had and (b) plans to have discussions with (i) Cabinet colleagues and (ii) relevant stakeholders on the potential merits of increasing the tax free childcare allowance.

Answered by Laura Trott - Chief Secretary to the Treasury

HM Treasury work closely with other Government departments and relevant stakeholders on all elements of childcare policy, including Tax-Free Childcare.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential economic impact of the European Commission’s proposals on EU customs reform of 17 May 2023 on Northern Ireland, in the context of the Windsor Framework.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.

The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.

The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has had discussions with her relevant EU counterparts on the potential impact of the European Commission’s customs reform proposal of 17 May 2023 on exporters.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.

The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.

The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential economic impact of the European Commission’s customs reform proposals of 17 May 2023 on exporters to the EU.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Government has been engaging with the European Commission including through the UK/EU annual Trade Specialised Committee on Customs Cooperation and Rules of Origin.

The EU has expressed the need for consultation with the UK to take into account potential implications for Northern Ireland.

The Government published an Explanatory Memorandum in August 2023 setting out relevant considerations in relation to the EU’s proposed reforms. As the reforms develop, we will continue to monitor the progress and to assess any potential impacts on UK businesses.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the value was of (a) Class 1 employee, (b) Class 1 employer, (c) Class 2 and (d) Class 4 self-employed National Insurance Contributions receipts in the 2023-24 financial year.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Office for Budget Responsibility publishes forecast levels of National Insurance receipts in their Economic and Fiscal Outlook report.

Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to assess and mitigate the impact of private medical insurance fees on the quality and suitability of care provided to patients with private medical insurance.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Government is determined that all insurers, including private medical insurers, treat consumers fairly and firms are required to do so under the Financial Conduct Authority’s rules.

The FCA requires insurers to ensure their products offer fair value, meaning the price a consumer pays for a product or service must be reasonable compared to the overall benefits they can expect to receive. The FCA has been clear that it will be monitoring firms to make sure they comply with this rule and will take action where necessary.

All providers of healthcare are regulated by the Care Quality Commission and follow a set of fundamental standards of safety and quality below which care should never fall, while the General Medical Council is responsible for regulating doctors in the United Kingdom.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the findings of the Financial Conduct Authority survey indicating an increase in adults across the UK struggling to pay bills due to the high cost of living, and what steps they are taking to help individuals and families facing financial difficulties.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The FCA’s 2024 Cost of Living survey found a reduction in the number of people finding it hard to manage higher costs of living since January 2023.

The government has already provided support to help with the cost of living totalling £96 billion from 2022-23 to 2023-2024 – an average of £3400 per UK household.

Further actions taken by the government in 2024-25 include: a rise in the National Living Wage (NLW) by 9.8% - ending low hourly pay for workers on the NLW, raising Local Housing Allowance to the 30^th percentile of market rents, uprating working-age benefits by 6.7%, freezing fuel duty, removing Debt Relief Order fees, and doubling the Budgeting Advance Loan repayment period.

Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to sustain the momentum of the economic recovery following indications that GDP increased in January and February.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

To sustain economic growth momentum, the government is continuing to pursue an ambitious policy agenda to increase growth and productivity across the economy. The OBR expects that policies announced at the previous three fiscal events will increase the size of the economy by 0.7% by 2028-29.

In addition to making full expensing permanent, a tax cut to companies of over £10 billion a year, the government has announced measures to boost labour supply, which the OBR predicts will increase the number of hours worked by the equivalent of over 300,000 full-time workers by the end of the forecast period.

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the review of Bank of England forecasting led by Ben Bernanke.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Bank of England has operational independence from the government to carry out its statutory responsibilities for monetary policy and financial stability. The government’s commitment to this independence remains absolute.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the levels of private investment in independent UK film production companies through the (a) Enterprise Investment Scheme and (b) Seed Enterprise Investment Scheme between (i) 2012 and 2017 and (ii) 2018 and 2023.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The government recognises the importance of the film and TV sector to the UK and is committed to making the UK the best place to invest through our generous and reliable fiscal support, as well as wider business support through our funded bodies like the British Film Commission.

The government keeps all tax-advantaged venture capital schemes under review to ensure they continue to meet their policy objectives in a way that is fair and effective. Information on the Enterprise Investment Scheme and Seed Enterprise Investment Scheme is published annually by HM Revenue and Customs. The data published relates to overall scheme statistics and not sector specific performance.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the of the impact of changes made to the (a) Enterprise Investment Scheme and (b) Seed Enterprise Investment Scheme on levels of investment in the UK screen sector since 2018.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The government recognises the importance of the film and TV sector to the UK and is committed to making the UK the best place to invest through our generous and reliable fiscal support, as well as wider business support through our funded bodies like the British Film Commission.

The government keeps all tax-advantaged venture capital schemes under review to ensure they continue to meet their policy objectives in a way that is fair and effective. Information on the Enterprise Investment Scheme and Seed Enterprise Investment Scheme is published annually by HM Revenue and Customs. The data published relates to overall scheme statistics and not sector specific performance.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the effectiveness of the (a) Enterprise Investment Scheme and (b) Seed Enterprise Investment Scheme for attracting investment in the screen sector.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The government recognises the importance of the film and TV sector to the UK and is committed to making the UK the best place to invest through our generous and reliable fiscal support, as well as wider business support through our funded bodies like the British Film Commission.

The government keeps all tax-advantaged venture capital schemes under review to ensure they continue to meet their policy objectives in a way that is fair and effective. Information on the Enterprise Investment Scheme and Seed Enterprise Investment Scheme is published annually by HM Revenue and Customs. The data published relates to overall scheme statistics and not sector specific performance.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress he has made on the UK Green Taxonomy financial proposals.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The Government remains committed to delivering a UK Green Taxonomy to support an increase in financing for activities supporting the transition to net zero and delivering on UK environmental objectives.

The Government expects to publish the consultation on the UK Green Taxonomy shortly.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much additional funding the Welsh Government received based on updated calculations to the Barnett Formula at the end of the 2023-24 financial year.

Answered by Laura Trott - Chief Secretary to the Treasury

The 2021 Spending Review set the largest annual block grant for the Welsh Government, in real terms, of any spending review settlement since the devolution Acts. On top of this the Welsh Government received over £1 billion through the Barnett formula in 2023-24, including £200 million at Supplementary Estimates 2023-24.

The Welsh Government is well-funded to deliver all its devolved responsibilities, receiving around 20% more per person compared to equivalent funding in England. This is around £1 billion more each year than the Holtham Commission indicated – and the Welsh Government agreed - was fair for Wales relative to England.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has plans to use revenue raised through the increase in car tax from 1 April 2024 to support (a) public transport and (b) environmental initiatives.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The Consolidated Fund receives the proceeds of Vehicle Excise Duty (VED) and most other tax revenues. VED is being reinvested into the English road network between 2020-2025 to fund road enhancement projects. The Government uses the tax system to encourage the uptake of cars with low carbon dioxide (CO2) emissions to help meet our legally binding climate change targets.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what incentives are available to encourage growth strategies among UK tech firms; and whether he plans to take steps to help increase the number of high-value tech companies based in the UK.

Answered by Gareth Davies - Exchequer Secretary (HM Treasury)

The government is backing British business to drive long-term economic growth by tackling barriers to investment, cutting taxes and rewarding work, and by supporting the priority growth sectors, including digital technology, which are helping to turn the UK into the world’s next Silicon Valley. The UK has Europe’s leading tech ecosystem, valued at over $1trillion, and the government is acting to create the best environment for our most innovative tech companies to start, scale and stay in the UK. This includes making over £3.5 billion of public investment in the AI ecosystem since 2014, extending the sunset clause for the Enterprise Investment Scheme and the Venture Capital Trust scheme to 6 April 2035, making changes to simplify and improve R&D tax reliefs, extending the British Business Bank’s Future Fund: Breakthrough investment programme, and implementing the measures the Chancellor announced at last year’s Mansion House speech to reform the pensions market to unlock investment into high growth sectors and generate increased returns for savers.

Question to the HM Treasury:

To ask His Majesty's Government, following the findings of the Financial Conduct Authority survey indicating a decrease in savings and investing among UK adults, what steps they are taking to help individuals and families save and invest.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Government is committed to incentivising greater saving and investment, to help hard working people save for their future goals and build greater financial resilience.

The Help to Save scheme was launched in September 2018 and is intended to promote financial resilience among working households on low incomes by supporting them to kickstart a regular, long-term savings habit and build a financial buffer for a rainy day.

Individuals can also save up to £20,000 into an Individual Savings Account (ISA) each year, and any savings income received within an ISA is tax free. This, along with the Personal Savings Allowance of up to £1,000 for basic rate taxpayers means that around 85% of people with savings income pay no tax on that income.

However, the Government also recognises that people need support to make effective investment decisions. This is why the Government and FCA are working on a joint review of the boundary between financial advice and guidance to ensure people can access appropriate support with their financial decision-making.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to paragraph 5.67, page 75 of the Spring Budget 2024, what assessment he has made of the potential impact of the abolition of the Furnished Holiday Lettings tax regime on the number of businesses that will (a) continue as short-term holiday lets, (b) become longer term rental properties and (c) sell the property in question.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Government has announced that it will abolish the Furnished Holiday Lettings (FHL) tax regime from April 2025.

The Government will publish draft legislation, explanatory notes, and a tax information and impacts note in due course.

As with all aspects of tax policy, the Government keeps the taxation of property landlords under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 18 April 2024 to Question 21846 on Oil: Imports, in how many cases action has (a) been and (b) not been taken where investigations have concluded.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

Pursuant to the answer provided on 18 April 2024 to Question 21846, HM Revenue and Customs is responsible for enforcing and investigating export controls on strategic goods and sanctions and investigating potential breaches of those controls. HM Revenue and Customs does not comment on operational enforcement matters pertaining to specific import or export scenarios.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 18 April 2024 to Question 21846 on Oil: Imports, what volume of oil has been identified as being from Russia in cases where investigations have been concluded.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

Pursuant to the answer provided on 18 April 2024 to Question 21846, HM Revenue and Customs is responsible for enforcing and investigating export controls on strategic goods and sanctions and investigating potential breaches of those controls. HM Revenue and Customs does not comment on operational enforcement matters pertaining to specific import or export scenarios.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department is taking steps to support self-employed individuals who may struggle to file their tax returns on time due to economic difficulties; and whether he has made a recent assessment of the potential merits of reforming the penalty system.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

HMRC is committed to helping all taxpayers pay their taxes and urges anyone having difficulty to make contact as soon as possible. Time to Pay arrangements are available for taxpayers who cannot afford to make full payment of their tax when it is due. Also, a Budget Payment Plan service allows Self Assessment taxpayers to make advance payments. HMRC has recently published YouTube videos on GOV.UK to help the self-employed, including one about ‘How to budget for your Self-Assessment tax bill if you’re self-employed’.

In Spring 2021 the government announced a new points-based penalty regime for regular tax return submission obligations, to replace existing penalties for VAT and Self Assessment. The new approach is fairer, with financial penalties arising only when the failure is consistent. For Self Assessment taxpayers, reformed penalties will begin when they join the Making Tax Digital (MTD) service for Self Assessment from April 2026 onwards.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of exempting state pension from tax; and if he will make an assessment of whether state pension should be classified as income.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Personal Allowance is currently set at a level high enough to ensure that those pensioners whose sole income is the full rate of the new State Pension or basic State Pension do not pay any income tax.

The Government keeps all aspects of the tax system under review and any decision on future changes will be made by the Chancellor in the context of the wider public finances.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 17 April 2024 to Question 21426 on Childcare: Taxation, if he will make it his policy to increase the childcare tax free cap in line with inflation.

Answered by Laura Trott - Chief Secretary to the Treasury

The £2,000 Tax-Free Childcare top-up, which can be claimed per year and per child, was set at this level because the Government believes it strikes the right balance between helping parents with their childcare costs, and managing the public finances in a responsible way.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of freezing the level of the tax-free Personal Allowance on the economy; and if he will make an assessment of the potential merits of increasing this level.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The Government is committed to keeping taxes low to support people to keep more of what they earn. The Personal Allowance has nearly doubled since 2010 and is over 20% higher in real terms.

As with all aspects of the tax system, the Government keeps the Personal Allowance under review and any decisions on future changes will be made by the Chancellor in the context of the wider public finances.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Prime Minister’s defence speech in Warsaw of 23 April 2024, whether the commitment to spend 2.5% of gross domestic product on defence by 2030 has been incorporated into his Department's baseline budgets.

Answered by Laura Trott - Chief Secretary to the Treasury

We have made a commitment to steadily increase defence spending, reaching 2.5% of GDP in 2030. We have also set out how we are fully funding this increase in defence spending. We will set departmental budgets in the normal way at the next spending review.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Prime Minister’s defence speech in Warsaw of 23 April 2024, by how much each Department's research and development budget will be reduced to help fund the commitment to spend 2.5% of gross domestic product on defence by 2030.

Answered by Laura Trott - Chief Secretary to the Treasury

We have committed to increase government R&D spending by £2 billion, from £20 billion in 2024-25 to £22 billion in the next Parliament.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he plans to take in the 2024-25 financial year to help tackle crypto currency fraud.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The Government takes the issue of fraud very seriously, and published a comprehensive Fraud Strategy in May last year. Through this the Government will work: with industry to remove the vulnerabilities that fraudsters exploit; with intelligence agencies to shut down fraudulent infrastructure; with law enforcement to identify and bring the most harmful offenders to justice; and with all partners to ensure that the public have the advice and support they need

Further, the Financial Conduct Authority (FCA) commenced enforcement of the cryptoassets financial promotion regime in October last year, requiring such promotions to be fair, clear and not misleading. This is aimed at improving consumers’ understanding of the risks and benefits associated with cryptoasset purchases and ensuring that cryptoasset promotions are held to the same standards as similar risk financial services products. In the next phase of its work, the Government is creating a comprehensive financial services regulatory regime for cryptoassets in the UK.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether his Department is taking steps to support nurseries experiencing financial challenges as a result of increased business rates.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The government recognises the pressure that businesses have been under since the pandemic and that is why the government froze the business rates multiplier for three consecutive years from April 2021 until April 2024 at a cost of £14.5 billion.

To make sure that the most vulnerable businesses continue to be supported, the government announced a further freeze to the small business multiplier at Autumn Statement for 2024-25, which will protect over a million ratepayers from a multiplier increase. This means bills will be 6.6 per cent lower than without the freeze. In addition to this support, some nurseries will already be in receipt of business rates relief where they have a ‘charitable purpose’, such as those part of academy chains.

Question to the HM Treasury:

To ask His Majesty's Government what amount of fuel subsidy is received by the UK pelagic fishing fleet.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many value added tax registrations there were in each deprivation decile in each (a) parliamentary constituency and (b) ward in Scotland in each year since 2019.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

The requested information on Value Added Tax (VAT) registrations by deprivation decile is not available. HMRC does not publish any VAT statistics containing geographic breakdowns. This is because VAT registrations can have both single and multiple sites, and therefore such breakdowns would be of limited value.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an estimate of the number of people paying basic rate income tax in the financial years (a) 2022-23 and (b) 2023-24.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

This data is published in Table 2.1 Number of individual Income Tax payers in the Income Tax statistics and distributions publication.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether self-employed individuals who file their tax returns late but owe no tax are penalised.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

HMRC issues SA tax returns to customers when the information they hold suggests that the customer meets the published criteria for completing one. HMRC often cannot determine someone’s tax liability until they have sent in a tax return, therefore they need the return to establish whether there is tax due or not.​​ Late filing and payment penalties are charged to encourage customers to file on time but we can cancel a customer’s late filing penalty if they have a reasonable excuse. Customers can also ask HMRC to remove them from the SA process for future years if they no longer meet the criteria.​

From October 2011 the penalty legislation changed, from this point the capping of penalties was no longer factored into the calculation and any fixed penalty applied remained at the full amount regardless of liability.

Although no change to the current penalty regime has been announced, Penalty Reform within Making Tax Digital will change the way we calculate penalties for late Submission and late payment of tax. The new legislation will factor in the Liability amount, Filing frequency and length of time outstanding within its penalty calculations.

In reforming late payment and late filing penalties HMRC’s aim is to encourage those who persistently default to comply with their tax obligations rather than penalise those who make occasional errors.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he is developing economic models to forecast (a) price trends and (b) growth potential in cryptocurrencies.

Answered by Bim Afolami - Economic Secretary (HM Treasury)

The Government is not developing economic models to forecast cryptoasset trends. Rather, it uses information from a range of sources to understand broad trends in the market in order to inform policy development.

In October last year, the Treasury published its final proposals for creating the UK’s financial services regulatory regime for cryptoassets, and is currently working to deliver legislation giving effect to its proposals. As part of this, the government will publish analysis of the impacts of its legislation on cryptoasset businesses in scope of the forthcoming regime in the usual way.

Question to the HM Treasury:

To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 8 April (HL3589), whether they will now answer the question put; namely, what is their assessment of the implications for calculating entitlement to contributory working age benefits and pensions of abolishing, rather than cutting, national insurance contributions.

Answered by Baroness Vere of Norbiton - Parliamentary Secretary (HM Treasury)

The Government already cut employee NICs by 4p, self-employed NICs by 3p and abolished the requirement to pay Class 2 for self-employed people across Autumn and Spring without increasing borrowing or cutting spending. That is the model the Government wants to follow when it is prudent to go further.

The ambition to abolish NICs is about reducing tax and rewarding work, not about reforming the contributory benefits system. It is a long-term ambition, and the Government has been clear, this cannot be done overnight and this can only be done in a fiscally responsible way.

Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.

Found: Duncan Tessier, Director of Economic Crime, Home Office, Baroness Vere of Nor biton, Parliamentary, HM

Found: Taxation is a matter for HM Treasury, rather than Defra.

Found: messages between former Prime Minister the Rt Hon Lord Cameron and Ministers and officials at the HM

Found: Department is sharing the accompanying Departmental Minute with your committee, in accordance with HM

Found: Letter from Nigel Huddleston MP, Financial Secretary at HM Treasury, to the Chair of the Economic Affairs

Found: Government action to increase UK resilience to climate change, the Cabinet Office and Defra, working with HM

Found: committees.parliament.uk/committee/126/procedure -committee/ Rt Hon Jeremy Hunt MP Chancellor of the Exchequer HM

Found: Correspondence from James Bowler, Permanent Secretary, HM Treasury, re Sixty-Eighth Report of Session

Found: the Department is sharing the accompanying Departmental Minute your committee, in accordance with HM

Found: DfE is the lead Department, with formal delivery links with HMT, No.10, DWP and DLUCH, HMRC and Ofsted

Found: services, this situation is financially unsustainable and, as the NAO’s report indicates the Treasury (HMT

Found: We find baffling the focus of the DfT and HM Treasury overwhelmingly on cost reductions – which are difficult

Found: We are also in ongoing discussions with DESNZ, HM Treasury and HMRC regarding the extension of zero

Found: We have worked extensively with DESNZ, HM Treasury and HMRC in recent months to add (1) heat batteries

Found: Banking On Property. 6 HMT (2021).

Found: Reform of the relationship between HM Treasury and government departments to ensure that there is a

Found: Movement Disorders. 2014. 3 Companies Act 2006 (s465(3)) 4 HM Treasury. Autumn Statement 2023.

Found: The Committee has asked HM Treasury for a memorandum on the following point(s): Explain why regulation

Found: A working capital facility will be provided by HM Treasury; commercial funding will not be required.

Found: oA DEEF would provide long-term benefits to HM treasury through its single focus on closing the

Found: : DWP’s approach to conditionality for disabled people is a hindrance not a help to them (and HMT

Found: HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ The Rt Hon Lord Gardiner of Kimble House of Lords

Found: system and new ways of working would improve public sector productivity – a current priority for HMT

Found: the assumptions it has applied so people understand the degree to which the claims are supported. b) HM

Found: Figure 2: Expenditure on Economic Affairs per head, Public Expenditure Statistical Analysis (PESA, HMT

Found: Prince’s Trust (princes-trust.org.uk)Case Study – Future Workforce Fund – Greater Manchester In 2018 HM

Found: The main culprits are HM Treasury lack of consistency and lack of senior staff with the relevant

Found: on: • NESO’ s draft licence conditions • NESO’ s financial and incentives framework (following HMT

Found: Comptroller and Auditor General, and Marius Gallaher, Alternate Treasury Officer of Accounts, HM

Found: including through OFFICIAL OFFICIAL governance arrangements that include the Home Office and HM

Found: Letter from Sam Beckett, Chief Economic Adviser at HM Treasury, to the Chair of the Economic Affairs

Found: HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ Lord Bridges of Headley MBE House of Lords

Found: significantly probably with Defra, but we also interact with DSIT when it comes to digital trade, HMT

Found: prove too much, as some recommendations would require a fiscal response that can only be approved by HM

Found: question of whether amendments should be made to legislation in conjunction with CIPFA, the sector, HM

Found: Returning £10m to HM Treasury would reduce the award from £62m to £52m.

Found: Bladen, Director, National Audit Office, and David Fairbrother, Treasury Officer of Accounts, HM

Found: , Director, National Audit Office, and Marius Gallaher, Alternate Treasury Officer of Accounts, HM

Question to the Department for Transport:

To ask His Majesty's Government, following a 43 per cent increase in car insurance prices compared to this time last year, what steps they are taking to address the underlying factors that contribute to those high premiums, such as rising claims costs and inflation.

Answered by Lord Davies of Gower - Parliamentary Under-Secretary (Department for Transport)

Whilst it is the responsibility of individual motor insurers to set their premiums and the terms and conditions of their policies, and the Government does not intervene or seek to control the market, we are engaging directly with the sector at an official and Ministerial level, with HMT Ministers who lead on this issue, to help us to establish if there are potential solutions within our power which will benefit motorists.

The Government is determined that insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority rules.

The FCA has been clear it will be monitoring firms to make sure they provide products that are fair value, and, where necessary, it will act.

Question to the Department for Education:

To ask His Majesty's Government what assessment they have made of the impact of interest rate charges on Government student loan financing, following research by the Institute for Fiscal Studies which showed that higher interest rates will add more than £10 billion per year to the cost of England’s student loan system.

Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education)

Student loans are valued in the department’s annual accounts in line with the International Financial Reporting Standard 9 and set out in The Government Financial Reporting Manual which is attached.

Under which where future cash flows are discounted to measure the fair value of a financial asset, this should be done using the higher of the rate intrinsic to the financial instrument or the HMT discount rate. HMT set the discount rate annually based on a 10 year rolling average of gilt yields. For student loans the intrinsic rate would be the discount rate that gave a Resource Accounting Budget (RAB) or stock charge of 0%, so the HMT discount rate is used provided the RAB charge is greater than 0%. Should the HMT discount rate result in a RAB charge calculation giving a negative value then the intrinsic rate is used instead, meaning that that RAB charge will take a value of 0%.

The most recent forecasts for the student finance system can be found here: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2022-23.

The net present value of future repayments was calculated by discounting all future repayments at a rate of RPI -1.3% per year until the end of financial year 2029/30, and -0.2% per year from financial year 2030/31, to the same point in time as the loan outlay or loan balance. This is the discount rate for financial instruments set by HMT in 2022 and is intended to reflect of the cost of government borrowing. The most recent student loan forecasts using the 2023 discount rate set by HMT will be published at the end of June 2024.

The department has carefully assessed the impact of changes and published a full and comprehensive analysis in the Higher Education Reform and Consultation Document Equality Impact Assessment, which is attached.

The student loan repayment system under Plan 5 is progressive, with repayments being positively correlated with lifetime earnings. The highest earners make the largest individual contributions to the system overall, and the lowest earners are required to contribute the least.

Lower earners, whether male or female, are protected. If a borrower’s income is below the repayment threshold, they will not be required to make any repayments at all. At the end of the loan term, any outstanding loan debt, including interest accrued, will be written off at no detriment to the borrower. No commercial loans offer this level of protection.

The department will continue to keep the student finance system, including repayment terms, under review to ensure that it remains sustainable and delivers value for money for students and the taxpayer.

Question to the Department for Education:

To ask His Majesty's Government what assessment they have made of the impact of changes to the student loan repayment system, introduced in August 2023, on female students.

Answered by Baroness Barran - Parliamentary Under-Secretary (Department for Education)

Student loans are valued in the department’s annual accounts in line with the International Financial Reporting Standard 9 and set out in The Government Financial Reporting Manual which is attached.

Under which where future cash flows are discounted to measure the fair value of a financial asset, this should be done using the higher of the rate intrinsic to the financial instrument or the HMT discount rate. HMT set the discount rate annually based on a 10 year rolling average of gilt yields. For student loans the intrinsic rate would be the discount rate that gave a Resource Accounting Budget (RAB) or stock charge of 0%, so the HMT discount rate is used provided the RAB charge is greater than 0%. Should the HMT discount rate result in a RAB charge calculation giving a negative value then the intrinsic rate is used instead, meaning that that RAB charge will take a value of 0%.

The most recent forecasts for the student finance system can be found here: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2022-23.

The net present value of future repayments was calculated by discounting all future repayments at a rate of RPI -1.3% per year until the end of financial year 2029/30, and -0.2% per year from financial year 2030/31, to the same point in time as the loan outlay or loan balance. This is the discount rate for financial instruments set by HMT in 2022 and is intended to reflect of the cost of government borrowing. The most recent student loan forecasts using the 2023 discount rate set by HMT will be published at the end of June 2024.

The department has carefully assessed the impact of changes and published a full and comprehensive analysis in the Higher Education Reform and Consultation Document Equality Impact Assessment, which is attached.

The student loan repayment system under Plan 5 is progressive, with repayments being positively correlated with lifetime earnings. The highest earners make the largest individual contributions to the system overall, and the lowest earners are required to contribute the least.

Lower earners, whether male or female, are protected. If a borrower’s income is below the repayment threshold, they will not be required to make any repayments at all. At the end of the loan term, any outstanding loan debt, including interest accrued, will be written off at no detriment to the borrower. No commercial loans offer this level of protection.

The department will continue to keep the student finance system, including repayment terms, under review to ensure that it remains sustainable and delivers value for money for students and the taxpayer.

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether her Department has made representations to HM Treasury on the inclusion of imported electricity in Carbon Border Adjustment Mechanism taxation.

Answered by Amanda Solloway - Government Whip, Lord Commissioner of HM Treasury

Electricity generation was not included within the initial sectoral scope of the UK Carbon Border Adjustment Mechanism (CBAM), announced in December 2023. The approach aligns with free allowance allocations, under the UK Emissions Trading Scheme (ETS), which are not provided to electricity generators.

In making the decision, the government looked primarily at three factors: inclusion in the UK ETS, carbon leakage risk, and feasibility and effectiveness.

The sectoral scope of a UK CBAM will remain under review. The design and delivery of a CBAM is subject to consultation, closing on 13 June 2024.

Found: highlight flaws in Companies House data ”, Financial Times (subscription required), 4 March 2024 139 HM

Found: the Department for Culture, Media and Sport (DCMS) , for tech, online and telecoms sector issues and HM

Found: charity without receiving goods, services or digital content in return, this will not meet the 198 HM

Found: Building Societies Act 1986 (Amendment) Bill 2023 –24: Progress of the bill ’, 2 April 2024. 10 HM

Found: motions on Iran which included a request for the Government to proscribe the IRGC . 128 122 HM

Found: HM Treasury, Autumn Statement 2023 , 22 November 2023. 22 House of Commons Levell ing Up Housing and

Found: • These Explanatory Notes have been prepared by HM Treasury with the consent of Lord Kennedy of

Found: 1 Building Societies Act 1986 (Amendment) Bill Memorandum from HM Treasury to the Delegated

Found: charity without receiving goods, services or digital content in return, this will not meet the 198 HM

Found: before making any levy rules, the IFR must consult the Secretary of State, His Majesty’s Treasury (HMT

Found: Building Societies Act 1986 (Amendment) Bill 2023 –24: Progress of the bill ’, 2 April 2024. 10 HM

Found: Key findings Planning and delivering the Programme 6 DfE and HM Treasury (HMT) worked quickly to consider

Found: Key findings Planning and delivering the Programme 6 DfE and HM Treasury (HMT) worked quickly to consider

Found: and Social Care 356 348 0 8 22 Foreign, Commonwealth and Development Office [note 4] 320 184 0 136 1 HM

Found: - - - - 11 10 0 0 0 9 0 1 0 0 0 0 121 10 64 33 11 2 1 0 1 0 0 0 0 0 0 1 0 0 0 7 0 0 7 0 0 0 0 2023 HM

Found: skills forecasting, among them: the Institute for Apprentic eships and Technical Education (IFATE), HM

Found: Commission a programme of work overseen by HM Treasury to develop and publish economic and data modelling

Found: Commission a programme of work overseen by HM Treasury to develop and publish economic and data modelling

Found: fields of S&T investment and activity include machine learning (ML), autonomy, human-machine teaming (HMT

Found: at the Commission for Racial Equality and the Law Society of England and Wales and advisory roles to HM

Found: Official Historian Jane Knight, Researcher to Dr Michael Goodman, Cabinet Office [Name redacted], HM

Found: The importance of Cambridge in this regard was identified in the HM Treasury Spring Budget 2023 .

Found: PPM, Procurement, Property and Construction, Strategy, Technical.Payroll staff CostsPlease refer to HMT

Found: Technology DWP Department for Work and PensionsFCDO Foreign, Commonwealth and Development Office HMT

Found: From: Foreign, Commonwealth & Development Office, HM Treasury, The Rt Hon Andrew Mitchell MP, and The

Found: Documents UKEF: spend over £25,000, March 2024 CSV, 27.7 KB View online Details HM

Found: The new hub will house Civil Service staff from His Majesty’s Treasury (HMT), the Department for Business

Found: HM Treasury meet the remainder of the cost.

Found: Treasury.

Found: HM Treasury Directions Throughout this report, in any place where we indicate the potential variability

Found: Treasury.

Found: HM Treasury Directions Throughout this report, in any place where we indicate the potential variability

Found: The Government Actuary’s final report to HM Treasury containing his findings and recommendations was

Found: HM Treasury Directions Throughout this report, in any place where we indicate the potential variability

Found: HM Treasury rec eive the remainder of the income.

Found: Treasury.

Found: HM Treasury Directions Throughout this report, in any place where we indicate the potential variability

Found: Valuation Results Assumptions 15 of 84 HM Treasury Directed Assumptions Annual financial assumptions

Found: Treasury.

Found: RPC -HMT -5192(1) 1 16 June 2022 Sustainability Disclosure Requirements (SDR ) Lead department

Found: optimism bias , and adjusted the estimates for capital expenditure, supported by the appropriate HMT

Found: the Secretary of State or their representatives , the National Audit Office, the Inspectorates and HM

Found: including funding for 23/24 and 24/25, was approved by HMR C’s Change Investment Design Committee and by HM

Found: In March 2024 , HM Treasury amended the Regulated Activities Order to make the provision of a pensions

Found: Campaign On-going Stakeholder discussions/webinars/information updates03/12 FSO -FBC approved by HMT

Found: Delivery (MfWD) to the successful applicant , before seeking approval of the Full Business Case from HMT

Found: Spend is within the HMT control total of £144.5m.

Found: DDaT framework would increase the competitiveness of our offer (tbc) Preparing a business case for HMT

Found: Wright Programme Director ), Graeme Connor (obo Angus Gray Director Policy ), Chris Drane (Director HM

Found: Deputy UC Programme Director will send the information required regarding Treasury drawdown to the HMT

Found: Graeme Connor (Deputy Director Policy) , Ed Winfield (SPAD to the Secretary of State) , Chris Drane (HMT

Found: Spend is within the HMT control total of £144.5m.

Found: Campaign On-going Stakeholder discussions/webinars/information updates03/12 FSO -FBC approved by HMT

Found: Campaign On-going Stakeholder discussions/ webinars/information updates03/12 FSO -FBC approved by HMT

Found: drawdowns against approved deliverables, from the Investment Committee, and wider approval such as HMT

Found: drawdowns against approved deliverables, from the Investment Committee, and wider approval such as HMT

Found: Director People and Capability ), Simon McKinnon (Director General , Digital) , Chris Drane (Director HM

Found: •We are currently working with HMT colleagues to secure Drawdown approval of £182.6m (excluding depreciation

Found: solution completed 02/12/21 Future Support Offer (Telephony/Digital) - Full Business Case approved by HMT

Found: Spend is within the HMT control total of £144.5m.

Found: 55%) implemented 01/12/21 Future Support Offer (Telephony/Digital) - Full Business Case approved by HMT

Found: Treasury), Paddy Rooney (Deputy Secretary for Work and Inclusion DFC Northern Ireland), Dave Brookes

Found: Preparing a business case for HMT to increase the amount of Digital Allowance we pay to Java engineers

Found: drawdowns against approved deliverables, from the Investment Committee, and wider approval such as HMT

Found: Spend is within the HMT control total of £144.5m.

Found: drawdowns against approved deliverables, from the Investment Committee, and wider approval such as HMT

Found: Spend is within the HMT control total of £144.5m.

Found: The Programme is within the HMT control total.

Found: Campaign On-going Stakeholder discussions/w ebinars/information updates03/12 FSO -FBC approved by HMT

Found: Director People and Capability ), Simon McKinnon (Director General , Digital) Chris Drane (Director HM

Found: Director People and Capability ), Simon McKinnon (Director General , Digital) , Chris Drane (Director HM

Found: • Submit a proposal paper to HMT requesting approval to undertake a bulk remission exercise to remit

Found: Before making its levy rules the IFR is under a requirement to consult with HMT, the Secretary of State

Found: before making any levy rules, the IFR must consult the Secretary of State, His Majesty’s Treasury (HMT

Found: 1 HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ 2nd April 2024 My Lords, I would like to

Found: 100100100100100Total5,5525,4335,3395,3535,357For the purposes of calculating the real terms impact we used the GDP deflators provided by HM

Found: increases and decreases across a number of individual programme lines, detail of which is not released by HM

Found: Both the HMT Green Book and the SPFM make reference to the importance of taking a wider view of value

Found: Treasury and the Department for Transport. 1.2 A9 Dualling Programme Overview At approximately

Found: I’ll pass this onto HMT and will get back to you as soon as I can.

Found: The GDP deflator figures used were as published by HM Treasury alongside the Autumn Statement (available

Found: increases and decreases across several individual programme lines, detail of which is not released by HM

Question

To ask the Scottish Government what estimate it has made, based on any data that it has received from HMRC, of the total value of the contribution made by Scottish employers to the UK apprenticeship levy.

Answered by Dey, Graeme - Minister for Higher and Further Education; and Minister for Veterans

As announced by HM Treasury on 14 November 2016, the Scottish Government's population-based settlement from the UK Government's Apprenticeship Levy was £221 million in 2017/18, £230 million in 2018/19 and £239 million in 2019/20. This funding was allocated as part of the block grant.

Since 2020-21 the Scottish Government has not received a specific allocation of Apprenticeship Levy revenue. Scotland receives a Barnett Formula share of funding via the block grant in the usual way.

Scottish Government exploratory analysis of HMRC data suggests that the amounts contributed by Scottish employers in 2020-21 and 2021-22 were similar to those published by HMRC for earlier years, in the region of £220 million to £240 million.