Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will estimate the contribution of UK continental shelf oil and gas to the annual tax yield.
Answered by Jane Ellison
The tax revenues (Offshore Corporation Tax and Petroleum Revenue Tax) arising from the production and extraction of North Sea oil and gas from the UK and UK Continental Shelf are presented in HM Revenue and Customs receipts publication (latest version December 2016), which is available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/584766/Dec16_Receipts_Table_Final.xlsx
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what the gross value is of uncollected aggregate levy tax outstanding as a consequence of retrospectively revoking certificates of exemption previously issued in respect of the extraction and mining of shale rock.
Answered by Jane Ellison
HM Revenue and Custom (HMRC) has collected approximately £9.2 million from 10 UK businesses in relation to exemptions from aggregates levy that the European Commission ruled were unlawful state aid.
As the number of businesses with outstanding aggregates levy due is less than five, HMRC cannot provide statistics on the gross value of uncollected aggregate levy tax outstanding as this could lead to the identification of individual taxpayers.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) people and (b) companies are being pursued by his Department for failing to collect aggregate levy tax as a consequence of certificates of exemption that have been retrospectively revoked after having been previously issued in respect of the extraction and mining of shale rock.
Answered by Jane Ellison
HM Revenue and Custom (HMRC) has collected approximately £9.2 million from 10 UK businesses in relation to exemptions from aggregates levy that the European Commission ruled were unlawful state aid.
As the number of businesses with outstanding aggregates levy due is less than five, HMRC cannot provide statistics on the gross value of uncollected aggregate levy tax outstanding as this could lead to the identification of individual taxpayers.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what information his Department holds on the reported dash for cash policy relating to senior managers at the Royal Bank of Scotland.
Answered by Simon Kirby
The allegations relating to the actions of Royal Bank of Scotland’s Global Restructuring Group are being investigated by the Financial Conduct Authority. In November this year the FCA released the summary findings of the skilled person’s report it commissioned to investigate these allegations. The FCA is an independent, non-governmental body and the review is solely within its remit.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what steps the Financial Conduct Authority takes to ensure the chairs and boards of directors of banks adhere to commitments made within their published customer charters.
Answered by Harriett Baldwin
This is an operational matter for the Financial Conduct Authority (FCA), who are operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the hon Member by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will take steps to facilitate the establishment of community banks that are willing to service rural communities and small local economies.
Answered by Harriett Baldwin
The Government is committed to creating the right regulatory environment that allows banks to enter and expand within the market, and serve customers and communities effectively. This is why the Government has substantially lowered barriers to entry by introducing more proportionate requirements for new banks and establishing the New Bank Start-up Unit run by the Financial Conduct Authority and the Prudential Regulation Authority, and creating the Payment Systems Regulator to ensure all banks can access payment systems on fair and equal terms.
In addition, this Government has committed to support the credit union movement to make financial services more accessible. Credit unions are community-based financial institutions which already provide services to under-served and financially excluded communities.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what correspondence the Government has had with the Bank of Scotland on implementation of the Access to Banking Protocol and the (a) closure of branches and (b) reduction of banking services in the Caithness, Sutherland and Easter Ross constituency.
Answered by Harriett Baldwin
The Government welcomed the industry-wide Access to Banking protocol announced in March 2015. From the first of May this year, each participating bank has committed to carry out a number of steps if it is closing a branch. This includes establishing the impact of a branch closure before it takes place; finding suitable alternative provision; and putting in place suitable alternative measures before a branch is closed.
There is a commitment to review the operation of the protocol after one year. In August, the Minister for Small Business, Industry and Enterprise and I wrote to the Chief Executive of the British Bankers’ Association and requested an update on progress towards the appointment of an independent reviewer. A copy of the letter was also sent to the Chief Executives of the banks that are signatories to the Access to Banking protocol.
Banks and building societies need to balance customer interests, market competition, and other commercial factors when considering their strategy.
Decisions on the opening and closing of individual bank branches are taken by the management of each bank on a commercial basis without intervention from Government.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what correspondence the Government has had with Lloyds TSB on implementation of the Access to Banking Protocol and the (a) closure of branches and (b) reduction of banking services in the Caithness, Sutherland and Easter Ross constituency.
Answered by Harriett Baldwin
The Government welcomed the industry-wide Access to Banking protocol announced in March 2015. From the first of May this year, each participating bank has committed to carry out a number of steps if it is closing a branch. This includes establishing the impact of a branch closure before it takes place; finding suitable alternative provision; and putting in place suitable alternative measures before a branch is closed.
There is a commitment to review the operation of the protocol after one year. In August, the Minister for Small Business, Industry and Enterprise and I wrote to the Chief Executive of the British Bankers’ Association and requested an update on progress towards the appointment of an independent reviewer. A copy of the letter was also sent to the Chief Executives of the banks that are signatories to the Access to Banking protocol.
Banks and building societies need to balance customer interests, market competition, and other commercial factors when considering their strategy.
Decisions on the opening and closing of individual bank branches are taken by the management of each bank on a commercial basis without intervention from Government.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what correspondence the Government has had with the Clydesdale Bank on implementation of the Access to Banking Protocol and the (a) closure of branches and (b) reduction of banking services in the Caithness, Sutherland and Easter Ross constituency.
Answered by Harriett Baldwin
The Government welcomed the industry-wide Access to Banking protocol announced in March 2015. From the first of May this year, each participating bank has committed to carry out a number of steps if it is closing a branch. This includes establishing the impact of a branch closure before it takes place; finding suitable alternative provision; and putting in place suitable alternative measures before a branch is closed.
There is a commitment to review the operation of the protocol after one year. In August, the Minister for Small Business, Industry and Enterprise and I wrote to the Chief Executive of the British Bankers’ Association and requested an update on progress towards the appointment of an independent reviewer. A copy of the letter was also sent to the Chief Executives of the banks that are signatories to the Access to Banking protocol.
Banks and building societies need to balance customer interests, market competition, and other commercial factors when considering their strategy.
Decisions on the opening and closing of individual bank branches are taken by the management of each bank on a commercial basis without intervention from Government.
Asked by: Paul Monaghan (Scottish National Party - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what correspondence the Government has had with the Royal Bank of Scotland on implementation of the Access to Banking Protocol and the (a) closure of branches and (b) reduction of banking services in the Caithness, Sutherland and Easter Ross constituency.
Answered by Harriett Baldwin
The Government welcomed the industry-wide Access to Banking protocol announced in March 2015. From the first of May this year, each participating bank has committed to carry out a number of steps if it is closing a branch. This includes establishing the impact of a branch closure before it takes place; finding suitable alternative provision; and putting in place suitable alternative measures before a branch is closed.
There is a commitment to review the operation of the protocol after one year. In August, the Minister for Small Business, Industry and Enterprise and I wrote to the Chief Executive of the British Bankers’ Association and requested an update on progress towards the appointment of an independent reviewer. A copy of the letter was also sent to the Chief Executives of the banks that are signatories to the Access to Banking protocol.
Banks and building societies need to balance customer interests, market competition, and other commercial factors when considering their strategy.
Decisions on the opening and closing of individual bank branches are taken by the management of each bank on a commercial basis without intervention from Government.