Asked by: Vicky Ford (Conservative - Chelmsford)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to paragraph 5.121, page 99 of the Autumn Statement 2023, what his planned timetable is for publishing a consultation on introducing a UK regime for captive insurance companies; what discussions his Department has had with the (a) Prudential Regulation Authority and (b) Financial Conduct Authority on the potential introduction of a captive insurance regime; and what recent assessment his Department has made of the potential merits of introducing such a regime.
Answered by Bim Afolami - Economic Secretary (HM Treasury)
As announced at Autumn Statement, the Government will consult on the design of a new framework for encouraging the establishment and growth of captive insurance companies in the UK. The consultation will launch in Spring 2024.
The consultation will test views on proposals to introduce an attractive and competitive new UK captive insurance regime that works for businesses. Key to this will also be proportionate regulation that maintains the UK’s high regulatory standards.
The Treasury will continue to work closely with the independent regulators as it considers the case for a UK captives framework.
Asked by: Vicky Ford (Conservative - Chelmsford)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much tax revenue is accrued from VAT on public charge points in residential areas.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The information is not available. HM Revenue and Customs does not hold information on VAT revenue from specific products or services, including VAT on public electric vehicle charging points. This is because businesses are not required to provide figures at a product level within their VAT returns, as this would impose an excessive administrative burden.
Asked by: Vicky Ford (Conservative - Chelmsford)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much tax revenue is accrued from VAT on public charge points.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The information is not available. HM Revenue and Customs does not hold information on VAT revenue from specific products or services, including VAT on public electric vehicle charging points. This is because businesses are not required to provide figures at a product level within their VAT returns, as this would impose an excessive administrative burden.
Asked by: Vicky Ford (Conservative - Chelmsford)
Question to the HM Treasury:
What steps he is taking to invest in infrastructure in the Chelmsford area.
Answered by Robert Jenrick
Infrastructure investment is at the heart of our strategy to drive productivity growth across the country:
Through the £1.4 billion that will be invested as part of the Greater Anglia Franchise, a new fleet of over 1000 vehicles will be delivered by September 2020.
The South-East LEP has secured £590 million from the Local Growth Fund for schemes to boost growth and help deliver new housing.
£100-250 million will be invested to widen the A12 to provide extra capacity between Chelmsford and Colchester.
Asked by: Vicky Ford (Conservative - Chelmsford)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what contribution the UK has made to the European Union's Global Satellite Navigation System to date.
Answered by Elizabeth Truss
The UK contributes to the EU budget as a whole, not the individual programmes.
Details of the UK’s contribution to the EU budget can be found here: https://www.gov.uk/government/statistics/european-union-finances-2017
Details of the EU’s spending on programmes can be found here: http://ec.europa.eu/budget/figures/interactive/index_en.cfm
Asked by: Vicky Ford (Conservative - Chelmsford)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what contribution the UK has made to the Copernicus Programme to date.
Answered by Elizabeth Truss
The UK contributes to the EU budget as a whole, not the individual programmes.
Details of the UK’s contribution to the EU budget can be found here: https://www.gov.uk/government/statistics/european-union-finances-2017
Details of the EU’s spending on programmes can be found here: http://ec.europa.eu/budget/figures/interactive/index_en.cfm