Asked by: Steve Baker (Conservative - Wycombe)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of the impact of the implementation of IR35 on the number of drivers in the haulage industry.
Answered by Lucy Frazer
The Tax Information and Impact Note published in March 2021 sets out expected impacts of the April 2021 reform of the off-payroll working rules: https://www.gov.uk/government/publications/off-payroll-working-rules-from-april-2021/off-payroll-working-rules-from-april-2021.
The Government committed to commission independent research into the short-term impacts of the reform by October 2021 during the debate on the Finance Bill 2020. That research has now been commissioned, and the findings will be published once complete.
Asked by: Steve Baker (Conservative - Wycombe)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether an independent estimate of the economic cost of the Net Zero policy is being prepared as part of the Net Zero Review; if he will publish the underlying assumptions and calculations of that estimate; and if he will make a statement.
Answered by Kemi Badenoch - Leader of HM Official Opposition
The Net Zero Review is an analytical review that uses existing data to explore the key issues and trade-offs as the UK decarbonises. Against a backdrop of significant uncertainty on technology and costs, as well as changes to the economy over the next 30 years, it focuses on the potential exposure of households and sectors to the transition, and highlights factors to be taken into account in designing policy that will allocate costs over this time horizon. The final report will follow on from the interim report published in December 2020 and set out the key findings from the research and analysis carried out as part of the Net Zero Review.
The Net Zero Review final report will be published in due course, and in advance of COP26
Asked by: Steve Baker (Conservative - Wycombe)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether all firms that have applied for crypto anti-money laundering authorisation with the Financial Conduct Authority will have their applications processed by the deadline of 9 July 2021.
Answered by John Glen
The Financial Conduct Authority (FCA) announced on 3 June that the Temporary Registration Regime for cryptoasset firms would be extended from 9 July 2021 to 31 March 2022. Extending the regime will allow firms which are currently part of the regime to continue trading whilst their applications for anti-money laundering supervision are being assessed. The FCA has increased considerably the resources allocated to assessing applications, with a view to processing the remaining applications by the new deadline.
Asked by: Steve Baker (Conservative - Wycombe)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent discussions he has had with the Home Secretary on tackling HMRC-related impersonation fraud.
Answered by Jesse Norman - Shadow Leader of the House of Commons
The Chancellor is in regular contact with Cabinet colleagues, including the Home Secretary. In line with the practice of successive administrations, details of ministerial discussions are not normally disclosed.
HMRC have many hundreds of millions of contacts with the public every year. Creating clear air between genuine HMRC communications and those attempting to abuse the HMRC brand to commit fraud is a high priority for HMRC. HMRC’s success in preventing the UK public being duped by fraudulent operators impersonating legitimate contact is reflected in the move from HMRC as the third most phished brand globally five years ago, to not featuring in the top 100 most phished brands today.
Asked by: Steve Baker (Conservative - Wycombe)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent estimate he has made of the proportion of legitimate HMRC contact with the public that the public has mistakenly perceived to be fraudulent; and what estimate he has made of the cost of that mistaken perception to the public purse.
Answered by Jesse Norman - Shadow Leader of the House of Commons
The Chancellor is in regular contact with Cabinet colleagues, including the Home Secretary. In line with the practice of successive administrations, details of ministerial discussions are not normally disclosed.
HMRC have many hundreds of millions of contacts with the public every year. Creating clear air between genuine HMRC communications and those attempting to abuse the HMRC brand to commit fraud is a high priority for HMRC. HMRC’s success in preventing the UK public being duped by fraudulent operators impersonating legitimate contact is reflected in the move from HMRC as the third most phished brand globally five years ago, to not featuring in the top 100 most phished brands today.