Asked by: Nigel Adams (Conservative - Selby and Ainsty)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he expects the Financial Conduct Authority report on the Global Restructuring Group of RBS to be published.
Answered by Simon Kirby
On 8 November the Financial Conduct Authority (FCA) published a summary of the main findings from the skilled persons’ report it commissioned to review RBS’ treatment of SME customers transferred into its Global Restructuring Group. The FCA has said it is carefully considering the report and will publish a full account of their findings when practicable. It would not be appropriate for the government to comment further whilst this process is ongoing.
Asked by: Nigel Adams (Conservative - Selby and Ainsty)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many recorded incidents of fraud on contactless cards have been recorded since that technology became available.
Answered by Simon Kirby
The Government does not hold any data on the recorded incidents of fraud on contactless cards. Industry statistics received from Financial Fraud Action UK indicate that in the first half of 2016 there were £2.9 million losses attributed to fraud on contactless cards compared to a spend of £9.27 billion. According to the industry, fraud on contactless cards accounts for less than 1% of card fraud losses.
Asked by: Nigel Adams (Conservative - Selby and Ainsty)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect on competition between different sectors in the gaming industry of different forms of gambling taxation; and if he will make a statement.
Answered by Damian Hinds - Minister of State (Education)
The Treasury keeps all aspects of tax policy under review, and routinely looks at the impact of gambling tax policy on the industry.
Asked by: Nigel Adams (Conservative - Selby and Ainsty)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what discussions his Department has had with the Valuation Office on the Government's policy on the rating of farm and agricultural land used by festivals.
Answered by David Gauke
The Valuation Office Agency has provided factual information to HM Treasury in respect of its review of business rates on festival sites.
The aim of this review is to ensure that those sites that should be assessed, are rated correctly, thus treating all businesses equally and ensuring they pay their fair share of the overall business rates bill.
Asked by: Nigel Adams (Conservative - Selby and Ainsty)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what changes have been made relating to section 385 of the Valuation Office Agency's Rating Manual on the rating of farm and agricultural land used for festivals; and if he will make a statement.
Answered by David Gauke
There have been no changes to section 385 of the Valuation Office Agency’s (VOA) Rating Manual regarding the rating of farm and agricultural land used for festivals.
The VOA is currently reviewing festival sites to ensure that those which should be assessed for business rates are rated correctly. It is also working with the events sector to draw up guidance to help organisers better understand when liability for business rates will arise.