Written questions by Hollinrake.

What plans she has to levy a penalty on holding cash in a Stocks and Shares ISA.

Awaiting answer.

Pursuant to the answer of 21 May 2026, to Question 2120, on Cryptocurrencies, and further to the HMT press release, "UK cracks down on backdoor Russian sanctions evasion with tough new measures", of 26 May 2026, wha

Awaiting answer.

What guidance has (a) HM Treasury and (b) the FCA given to financial institutions on removing an individual from being treated as a Political Exposed Person from their records once they cease to meet the definition

Awaiting answer.

With reference to the Answer of 8 January 2026 to Question 101771 on Ministers: Official Residences, whether the council tax paid on the Chancellor’s official ministerial residence is (a) 100% or (b) 200% of the Ban

Awaiting answer.

What is the Government’s policy on the creation of a Central Bank Digital Currency for the United Kingdom.

The Bank of England and HM Treasury are considering the case for a retail central bank digital currency in the UK, known as the digital pound. No decision has yet been made on whether to introduce the digital pound. As set out in the Payments Forward Plan...

Whether (a) her Department and (b) the Financial Conduct Authority has issued guidance on anti-money laundering checks when hon. Members take out a mortgage.

Under the Money Laundering Regulations (MLRs) all members of both Houses of Parliament are defined as politically exposed persons (PEPs), and therefore subject to enhanced checks when accessing financial services, including mortgages. However, these check...

Whether (a) her Department or (b) HMRC has undertaken (i) research and (ii) analysis on the potential impact of the level of the combined marginal rate of income tax and employee National Insurance contributions on

The Government recognises that taxpayers earning between £100,000 and £125,140 face a higher marginal tax rate due to the tapering of the tax-free Personal Allowance, introduced in 2010-11. A breakdown of income tax liabilities is published by HMRC, and t...

What discussions she has had with the Financial Conduct Authority on the potential impact of insurers failing to proactively contact affected policyholders on the level of risk of limitation periods for Covid Busine

The Government meets regularly with the Financial Conduct Authority (FCA) to discuss a variety of issues, including in relation to insurance markets. The FCA, as the independent regulator for financial services, sets the conduct standards required of insu...

What guidance HMRC has issued on second homes stamp duty tax (a) avoidance and (b) evasion, and the level of the penalties that should be applied.

HMRC’s guidance on purchases of additional dwellings is set out at the links below: GOV.uk guidancehttps://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property HMRC Stamp Duty Land Tax manual -https://www.gov.uk/hmrc-internal-...

Pursuant to the answer of 20 May 2026 to Question 1344 on Donors: Capital Gains Tax, whether this approach on capital gains tax extends to the donation of a cryptocurrency asset.

The answer to Question 1344 applies to the donation of any asset including the donation of a cryptocurrency asset.

With reference to the Answer of 13 January 2026 to Question 102817 on Public Houses: Business Rates, in which dataset and table number is the requested information provided by billing authority area for (a) 226 and

The Valuation Office Agency published data comparing changes between the 2023 non-domestic rating lists and 2026 draft non-domestic rating lists on GOV.UK. These statistics were released alongside the publication of the 2026 draft list. They contain infor...

With reference to the Answer of 6 November 2002 to Question 78643 on Ministers (Tax), whether the policy of a tax exemption on the benefit in kind of Ministerial accommodation includes council tax.

The tax rules for employment-related living accommodation apply to Government ministers in the same way as they do to all employees. Information on the living accommodation exemption is set out in HMRC’s guidance at: www.gov.uk/hmrc-internal-manuals/emplo...

What assessment she has made of the potential impact of increases in the price of red diesel on the viability of small-scale commercial fishing businesses; and whether she plans to take steps to reduce fuel costs fo

The Government recognises the importance of the fishing industry to coastal communities and the pressures from higher fuel costs. All commercial fishing vessels are entitled to use red diesel, which attracts a reduced duty rate of 10.18 pence per litre, c...

With reference to the answer of 29 April 2026 to Question 129836 on Advisory Services: Fringe Benefits, whether HMRC has provide informal advice on tax liability on the provision of tax advice.

As set out in the answer of 29 April 2026 to Question 129836, the tax treatment of employer‑provided tax advice depends on the specific facts of each case, and HMRC does not have a standalone policy on this. HMRC provides published guidance to help employ...

With reference to the answer of 29 April 2026, to Question 129861, on Stamp Duty Land Tax: Fines, what is the average amount of time to determine (a) a compliance check and (b) an appeal.

There will be many factors that impact the length of time a compliance check remains open, including complexity and whether the customer wishes to appeal HMRC’s decision and enters a dispute resolution process.

What guidance the Financial Conduct Authority provided on cryptocurrency payments to domestic Politically Exposed Persons.

The Financial Conduct Authority publishes guidance on the requirements of the Money Laundering Regulations (MLRs) with regard to politically exposed persons (PEPs). The MLRs require financial institutions, including FCA registered cryptoasset exchange pro...

With reference to the answer of 11 March 2026, to Question 118363, on Cryptocurrencies, whether (a) the Financial Conduct Authority or (b) Bank of England have conducted a review into Tether.

HM Treasury does not hold any information on this matter.

With reference to the answer of 29 April 2026, to Question 129836, on Advisory Services: Fringe Benefits, and further to the HMRC Employment Income Manual EIM20020, whether HMRC has a specific policy on whether the

As set out in the answer of 29 April 2026 to Question 129836, the Employment Income Manual at EIM20020 explains that a benefit is taxable where it is provided by reason of the employment and confers a benefit of any kind on the employee, unless a specific...

What is the scheduled date for the Chancellor of the Exchequer's tax return to be published by the Government on gov.uk for the 2024-25 tax year.

Returns will be published in due course.

Whether financial institutions handling Tether cryptocurrency are regulated in the UK.

The Government legislated in February of this year to establish a financial services regulatory regime for cryptoassets, requiring firms to be authorised by the Financial Conduct Authority for providing relevant cryptoasset services in or to the UK. This ...