Results 61–80 of 1212 for speaker:Lord Deighton

Written Answers — HM Treasury: Libor ( 9 Mar 2015)

Lord Deighton: The Treasury provides monies allocated as LIBOR fines to the relevant Government Department to administer on its behalf through the normal Estimates process. Full details of all transfers are provided in Departmental accounts.

Written Answers — HM Treasury: Libor ( 9 Mar 2015)

Lord Deighton: Because the Treasury provides monies allocated as LIBOR fines to the relevant Government Department to administer on its behalf through the normal Estimates process the normal audit rules are in place as prescribed in Managing Public Money. The Accounting Officer for each Department is responsible for ensuring that the monies are distributed, accounted for and audited correctly.

Written Answers — HM Treasury: Debts ( 9 Mar 2015)

Lord Deighton: The government monitors very closely the levels of debt in the economy. With regards to general government debt, we recognise that sustained action is needed to tackle the long-term debt challenge. Identifying a specific numerical level of debt above which there are sustainability risks is difficult, but both parties within the coalition agree that once the Government’s supplementary debt...

Written Answers — HM Treasury: Stocks and Shares: Housing Associations ( 9 Mar 2015)

Lord Deighton: Derivative financial products are regulated by the Financial Conduct Authority (FCA). The FCA is an independent regulator and any investigation would be a decision for the FCA. The Government does not have any involvement in when or how the FCA decides to conduct its investigations.

Written Answers — HM Treasury: Taxation: Domicil ( 4 Mar 2015)

Lord Deighton: The information requested is not available.

Written Answers — HM Treasury: Taxation: Domicil ( 4 Mar 2015)

Lord Deighton: Domicile is a question of common law rather than tax law. In England domicile passes through the paternal line where parents are married. Where the parents are not married, domicile passes through the maternal line. The Government has no current plans to change the rules on domicile as they apply for tax purposes but the Chancellor keeps all taxes under review to a Budget timetable.

Written Answers — HM Treasury: Loans: Ukraine ( 4 Mar 2015)

Lord Deighton: The Ukrainian authorities have been in direct negotiations with the International Monetary Fund (IMF) to agree a new package for financial assistance. The IMF will present its proposals for financial assistance for Ukraine to its Executive Board in the coming weeks, which the Government will consider as part of the normal process of decision-making on IMF lending. As I noted in my Written...

Written Answers — HM Treasury: Loans ( 4 Mar 2015)

Lord Deighton: On 26 November 2013, the Chancellor requested that the Financial Policy Committee (FPC) undertake a review of the leverage ratio and its role in the regulatory framework. Treasury officials were consulted on the terms of reference for the review. The terms of reference were made publicly available on the Bank of England’s website. On 31 October 2014, following almost a year of...

Written Answers — HM Treasury: Banks: Finance ( 4 Mar 2015)

Lord Deighton: The Government is bringing forward secondary legislation to grant the Financial Policy Committee (FPC) of the independent Bank of England new powers of direction with regards to a leverage ratio framework. Macro-prudential decisions must be insulated from political concerns, which is why the FPC has responsibility for macro-prudential regulation. It is for the FPC to decide what the...

Written Answers — HM Treasury: Child Trust Fund ( 4 Mar 2015)

Lord Deighton: The Government is currently legislating to permit the transfer of funds from a Child Trust Fund to a Junior ISA from 6 April. Parents and guardians will be able to access information concerning transfers at GOV.UK, as well as from account providers and consumer advice websites and organisations in due course.

Written Answers — HM Treasury: Budgets: Scotland ( 4 Mar 2015)

Lord Deighton: The Budget is relevant to the whole of the United Kingdom. Specific policy announcements in the Budget may be limited in their application in Northern Ireland, Scotland and Wales, if they relate to policy responsibilities which have been devolved. The next Budget will be presented to Parliament on Wednesday the 18th of March.

Written Answers — HM Treasury: Inheritance Tax ( 4 Mar 2015)

Lord Deighton: A full list of all inheritance tax reliefs and exemptions was published by the Office of Tax Simplification as part of their review into tax reliefs[1]. The list is as follows: Relief/exemption title A&M trusts, Bereaved Minor Trusts, 18-25 Trusts, Pre-78 Protective Trusts, Pre-81 Disabled Trusts and Employee Benefit Trusts Acceptance in Lieu Agricultural property relief...

Written Answers — HM Treasury: Inheritance Tax ( 4 Mar 2015)

Lord Deighton: The classes of assets which qualify for inheritance tax reliefs are as follows: For business relief – a business or interest in a business, shares in an unlisted company, shares controlling more than 50% of the voting rights in a listed company, land, buildings or machinery owned by the deceased and used in a business they were a partner in or controlled, land, buildings or...

Written Answers — HM Treasury: Inheritance Tax ( 4 Mar 2015)

Lord Deighton: The information requested is not available.

Written Answers — HM Treasury: Large Goods Vehicles: Licensing ( 2 Mar 2015)

Lord Deighton: The Driver and Vehicle Standards Agency (DVSA) are the main body responsible for enforcement of operator licences for goods vehicles, although individual police forces also have the power to enforce these provisions. DVSA enforcement action consists of prosecution through the courts – in 2013-14 they reported 174 convictions resulting in courts ordering £103,244 in fines. These fines are...

Written Ministerial Statements — HM Treasury: Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 September 2014 to 31 December 2014 ( 2 Mar 2015)

Lord Deighton: Under the Terrorist Asset-Freezing etc. Act 2010 (”TAFA 2010”), the Treasury is required to report to Parliament, quarterly, on its operation of the UK’s asset freezing regime mandated by UN Security Council Resolution 1373. This is the fifteenth report under the Act and it covers the period from 1 September 2014 to 31 December 2014. This report also covers the UK implementation...

Written Answers — HM Treasury: Tax Avoidance (25 Feb 2015)

Lord Deighton: Her Majesty’s Revenue and Customs (HMRC) distinguish between tax avoidance and tax planning. Tax avoidance is bending the rules of the tax system to gain a tax advantage that Parliament never intended. It often involves contrived, artificial transactions that serve little or no purpose other than to produce a tax advantage. It involves operating within the letter – but not the spirit –...

Written Answers — HM Treasury: Customs: EU Law (25 Feb 2015)

Lord Deighton: HM Revenue and Customs has been formally consulting with UK trade bodies and businesses about the impact of the European Commission’s draft proposals for regulations to enable implementation of the Union Customs Code. Discussions have considered the impact of requirements to provide a six-digit commodity code that is needed for enhanced safety and security purposes and changes to existing...

Written Answers — HM Treasury: Small Businesses: Bank Services (25 Feb 2015)

Lord Deighton: The Government has not made a formal assessment of the ease of opening bank accounts for small businesses. However, more information than ever is available for small and medium sized enterprises (SMEs). The British Bankers' Association has a 'Business Account Finder' that provides information on a range of financial services available to businesses, including current accounts. This presents...

Written Answers — HM Treasury: EU Budget: Contributions (24 Feb 2015)

Lord Deighton: The additional rebate which the UK will receive will not affect future rebate calculations in any way.


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