Asked by: Baroness Stuart of Edgbaston (Crossbench - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to amend the scope of the Orchestra Tax Relief to include digital-only performances.
Answered by Lord Agnew of Oulton
In 2019-2020 the Government provided £18 million of support to 565 orchestral productions through the Orchestra Tax Relief. While all tax reliefs are kept under review, the Government is not planning changes to the Orchestra Tax Relief at this time.
The Government has provided support to the cultural sector during the pandemic through the £1.57bn Culture Recovery Fund. To date, £409 million in grant funding has been awarded to over 2,000 cultural organisations in England, including orchestras, music venues, galleries, theatres, museums and festivals.
The Government has also extended the temporary reduced VAT rate for hospitality and tourism to 31 March 2021. This will continue to apply to admission to attractions across the UK, including concerts, theatres, exhibitions and similar events.
Asked by: Baroness Stuart of Edgbaston (Crossbench - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to temporarily increase the percentage claimable under Orchestra Tax Relief for the 2021/22 tax year.
Answered by Lord Agnew of Oulton
In 2019-2020 the Government provided £18 million of support to 565 orchestral productions through the Orchestra Tax Relief. While all tax reliefs are kept under review, the Government is not planning changes to the Orchestra Tax Relief at this time.
The Government has provided support to the cultural sector during the pandemic through the £1.57bn Culture Recovery Fund. To date, £409 million in grant funding has been awarded to over 2,000 cultural organisations in England, including orchestras, music venues, galleries, theatres, museums and festivals.
The Government has also extended the temporary reduced VAT rate for hospitality and tourism to 31 March 2021. This will continue to apply to admission to attractions across the UK, including concerts, theatres, exhibitions and similar events.
Asked by: Baroness Stuart of Edgbaston (Crossbench - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether his Department has any further funds from Libor fines to allocate in the March 2017 Budget.
Answered by David Gauke
There is currently no intention to conduct a public application process for LIBOR funds, for allocation in the March 2017 Budget.
Asked by: Baroness Stuart of Edgbaston (Crossbench - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will place in the Library a list of public consultations, White Papers and other documents his Department plans to publish to assist the UK in making effective the Government's plans for the UK to leave the EU within the two year timetable from the triggering of Article 50.
Answered by David Gauke
The Treasury does not currently have plans to publish additional documents for this purpose. The Treasury will notify Parliament of any documents it does bring forward in the normal ways. We continue to make progress in preparing for the UK’s exit from the EU and ensuring we get the best deal for the UK.
Asked by: Baroness Stuart of Edgbaston (Crossbench - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how much his Department has (a) collected in Libor fines since May 2015 and (b) expects to collect in Libor fines in each of the next three years.
Answered by Simon Kirby
In this Parliament the Financial Conduct Authority (FCA) has transferred £511 million of LIBOR fines to the Treasury. The Treasury is unaware of any potential future receipts, which are a matter for the FCA.