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Written Question
Trident
Monday 11th December 2017

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will make an assessment of the effect of transferring the costs of upgrading or replacing the UK's nuclear deterrent from the Ministry of Defence to another Government accounting department; and if he will make a statement.

Answered by Elizabeth Truss

The like for like replacement of the nuclear submarine fleet is at the heart of the most recent SDSR and the funding settlement that accompanied it at SR15.

The Government has no plans to transfer the costs of upgrading or replacing the UK's nuclear deterrent from the Ministry of Defence to another Government accounting department at this time.


Written Question
Taxation: Fraud
Tuesday 12th September 2017

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether HM Revenue and Customs applies a de minimis limit for investigating allegations of fraud.

Answered by Mel Stride - Secretary of State for Work and Pensions

HM Revenue and Customs (HMRC) does not apply a de minimis limit to the investigation of fraud.


Written Question
Cars: Loans
Tuesday 12th September 2017

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the risks to the economy posed by the growth of personal contract purchase finance deals for new car sales.

Answered by Steve Barclay - Secretary of State for Environment, Food and Rural Affairs

The government established an independent Financial Policy Committee (FPC), giving the FPC a primary objective to identify, monitor and take action to remove or reduce systemic risks with a view to protecting and enhancing financial stability. Following its most recent policy meeting on 21 June, the FPC published the Financial Stability Report (FSR). The FSR assessed recent trends in the consumer credit market including dealership car finance. The FSR noted that consumer credit and dealership car finance has been growing rapidly, but that loss rates on consumer credit lending are low at present.


Written Question
Soft Drinks: Corporation Tax
Wednesday 20th April 2016

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what amount of corporation tax was paid by soft drinks manufacturers in the latest financial year for which figures are available.

Answered by David Gauke

Corporation Tax payable for accounting periods ending in the financial year 2013-14 for companies manufacturing soft drinks, and producing mineral water is estimated to be about £70 million. This estimate is based on those classified under the Standard Industrial Classification (SIC) 2007 code 11070 (Manufacture of soft drinks; production of mineral waters and other bottled waters) plus those manufacturing soft drinks who are classified elsewhere. This is the latest year available.


Written Question
Soft Drinks: Taxation
Wednesday 20th April 2016

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will publish modelling conducted by his Department on the potential effect of the soft drinks industry levy on corporation tax receipts.

Answered by Damian Hinds - Minister of State (Education)

The independent Office of Budget Responsibility publishes the policy costing and forecast of the tax receipts at every fiscal event, which contain the relevant economic analysis.


Written Question
Soft Drinks: Taxation
Wednesday 20th April 2016

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what external groups his Department consulted on its proposal to introduce a soft drinks industry levy before announcing that levy; and on what dates he or officials of his Department met such groups.

Answered by Damian Hinds - Minister of State (Education)

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:

https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel


Written Question
Soft Drinks: Taxation
Wednesday 20th April 2016

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what information his Department holds on which other European countries have introduced a soft drinks industry levy in the last five years; and what research the Government has commissioned or undertaken on the effects of such levies on levels of obesity.

Answered by Damian Hinds - Minister of State (Education)

Other European countries have introduced a soft drinks tax in recent years. For example, Hungary in 2011 and France in 2012.

These taxes however are not identical in design to the new soft drinks industry levy the Chancellor announced at Budget 2016. The levy is a lever to encourage producer-led reformulation.

The Chief Medical Officer has said that reformulation is a key win for tackling obesity and soft drinks are the single largest source of sugar intake for children and teenagers.

This levy will be an important part of the government’s comprehensive childhood obesity strategy.


Written Question
Non-domestic Rates
Tuesday 27th October 2015

Asked by: Iain Stewart (Conservative - Milton Keynes South)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans he has to allow local authorities to retain business rate revenues.

Answered by David Gauke

The Chancellor set out a radical devolution reform package for local government in his conference speech. This included plans to allow local government to retain 100 per cent of revenue from business rates to spend on local services, as well as giving local authorities the power to lower business rates to boost growth and support jobs.


While there will still be redistribution between Local Authorities to ensure those with a lower tax base do not lose out, local areas will be able to keep all local growth in their business rates.