here - United Kingdom Parliament
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1237W<br />
Written Answers<br />
6 JUNE 2013<br />
Written Answers<br />
1238W<br />
Additionally, the Department for Business, Innovation<br />
and Skills is investing £87 million through non-traditional<br />
channels including peer-to-peer platforms and supply<br />
chain finance.<br />
Capital Allowances<br />
Cathy Jamieson: To ask the Chancellor of the<br />
Exchequer what plans he has to (a) consult and (b)<br />
report on proposals to align the treatment of assets<br />
eligible for mineral extraction allowances with that for<br />
assets eligible for plant and machinery allowance w<strong>here</strong><br />
profits are not taxed in the UK. [157784]<br />
Mr Gauke: At Budget 2013, the Government announced<br />
its plans to consult informally on proposals to align the<br />
treatment of assets eligible for mineral extraction allowances<br />
with that for assets eligible for plant and machinery<br />
allowances, w<strong>here</strong> profits are not taxed in the UK.<br />
The Government will report on its proposals once<br />
that consultation, which will begin before the summer<br />
recess, is complete.<br />
Capital Allowances: Company Cars<br />
Cathy Jamieson: To ask the Chancellor of the Exchequer<br />
what plans he has to consult on proposals to amend<br />
first year allowances for businesses purchasing the lowest<br />
emissions vehicles. [157786]<br />
Sajid Javid: Budget 2012 announced a number of<br />
changes to the first-year allowance (FYA) for low emissions<br />
vehicles to ensure that it remains a targeted, robust and<br />
fiscally sustainable incentive.<br />
These changes were set out in draft legislation, which<br />
was published alongside the Government’s autumn<br />
statement in December 2012. This was open for technical<br />
consultation.<br />
At Budget 2013, the Government announced a further<br />
extension of the FYA to 31 March 2018. This extension<br />
will be legislated in Finance Bill 2015, following a<br />
period of technical consultation on the draft legislation.<br />
The case for extending the FYA beyond 2018, and the<br />
appropriate carbon dioxide emissions threshold, will be<br />
reviewed at Budget 2016.<br />
Coinage: Forgery<br />
Tom Blenkinsop: To ask the Chancellor of the<br />
Exchequer what estimate he has made of the number of<br />
counterfeit £1 coins currently in circulation. [157875]<br />
Sajid Javid: The Royal Mint regularly conducts surveys<br />
to estimate the level of counterfeit £1 coins in the UK.<br />
A survey undertaken in November 2012 estimated t<strong>here</strong><br />
to be around £40 million counterfeit £1 coins in circulation.<br />
Provisions for various offences connected with the<br />
counterfeiting of coins are included in the Forgery and<br />
Counterfeiting Act 1981. Enforcement of these provisions<br />
is a matter for law enforcement agencies, such as the<br />
police, Serious and Organised Crime Agency and the<br />
Crown Prosecution Service.<br />
Excise Duties: Beer<br />
Cathy Jamieson: To ask the Chancellor of the<br />
Exchequer what quantity of beer was seized by HM<br />
Revenue and Customs due to excise duty not having<br />
been paid in each of the last five years. [157767]<br />
Sajid Javid: The total quantity (in litres) of beer<br />
seized by HM Revenue and Customs and Border Force<br />
over the last five years is tabulated <strong>here</strong>:<br />
Total (litres)<br />
2008-09 5,780,117<br />
2009-10 4,128,660<br />
2010-11 6,530,178<br />
2011-12 8,825,821<br />
2012-13 9,369,728<br />
Financial Services<br />
Cathy Jamieson: To ask the Chancellor of the Exchequer<br />
when he will (a) consult and (b) report on loan<br />
relationships and on derivative contracts legislation.<br />
[157783]<br />
Mr Gauke: Consultation on modernizing the rules<br />
governing the taxation of loan relationships and derivative<br />
contracts was announced at Budget 2013, with legislation<br />
to be included in Finance Bills in 2014 and 2015. A<br />
consultation document will be published shortly, and a<br />
summary of responses and draft legislation for those<br />
measures to be included in Finance Bill 2014 will be<br />
published in the autumn. Further formal consultation<br />
is expected in 2014.<br />
Gift Aid<br />
Cathy Jamieson: To ask the Chancellor of the Exchequer<br />
when he will report on the consultation undertaken to<br />
make it easier to claim Gift Aid; and if he will make a<br />
statement. [157788]<br />
Sajid Javid: The Government wants to see a high rate<br />
of Gift Aid claims across all the ways people give to<br />
charity. Budget 2013 announced that we would consult<br />
on proposals to make it easier to claim Gift Aid on a<br />
wide range of digital giving channels. A consultation<br />
document will be published shortly setting out the<br />
proposals.<br />
Income Tax: Scotland<br />
Cathy Jamieson: To ask the Chancellor of the Exchequer<br />
what plans he has to consult on legislation to require<br />
the National Audit Office to report annually to the<br />
Scottish <strong>Parliament</strong> on HM Revenue and Custom’s<br />
administration of the Scottish rate of income tax.<br />
[157796]<br />
Mr Gauke: Legislation will be introduced in Finance<br />
Bill 2014 to require the National Audit Office to report<br />
direct to the Scottish <strong>Parliament</strong> annually on HMRC’s<br />
administration of the Scottish rate of income tax. This<br />
legislation will be published for comment as part of the<br />
usual process for wider consultation on draft Finance<br />
Bill clauses in autumn 2013.