Contributions
2,217 recent contributions in Hansard
HANSARDFinancial Services and Markets BillAs I said, I shall take away the point about what further I can say about the work on the risk assessment. The focus has been on looking at risk, and my understanding is that, in…13 Mar 2023HANSARDTheatre Tax ReliefI absolutely agree with the noble Lord about the contribution made by the creative industries to our economy and society. That is why the Government put such world-leading support…09 Mar 2023HANSARDTheatre Tax ReliefI am greatly encouraged by the support that this House has offered to the creative industries sector. When we look at tax rates, we need to look at individual sectors and the…09 Mar 2023HANSARDTheatre Tax ReliefMy Lords, I believe that is one for the BBC to comment on, rather than me.09 Mar 2023HANSARDTheatre Tax ReliefMy Lords, the points that the noble Baroness makes are entirely those that we would want to consider in looking at the issue. She is absolutely right about the value and the costs…09 Mar 2023HANSARDTheatre Tax ReliefMy Lords, the Government keep all taxes and tax reliefs under review. My noble friend is right about the value that the video games industry brings to the UK. The Chancellor has…09 Mar 2023HANSARDTheatre Tax ReliefThe noble Lord is right that the theatre tax relief is not the only cultural tax relief that we have. The Covid support that was put in place to extend the levels of that relief…09 Mar 2023HANSARDTheatre Tax ReliefMy Lords, at the Autumn Budget 2021, the Government temporarily increased the headline rates of theatre tax relief to 45% and 50% in recognition of the impact of the Covid-19…09 Mar 2023HANSARDTheatre Tax ReliefMy Lords, I should remind noble Lords that the level of tax relief will remain enhanced from April at an elevated rate of 30% or 35%. I know that my noble friend Lord Parkinson…09 Mar 2023HANSARDTheatre Tax ReliefMy Lords, as the noble Lord has noted, that proposal is out for consultation. As part of a package of reforms, we are looking at reviewing the £1 million per hour minimum…09 Mar 2023HANSARDTheatre Tax ReliefThe noble Baroness is right that we should think about our international competitiveness. Tax reliefs for the cultural sector are not actually that common, but she has identified…09 Mar 2023HANSARDTheatre Tax ReliefMy Lords, there are two different tax credit systems, as I understand it: one for film and audio-visual and the other for theatres. Both have huge value to the sector and also to…09 Mar 2023HANSARDFinancial Services and Markets BillI will check for the noble Lord because I do not have that level of detail in my notes. They say that “85% of payments” were made without cash, not “the value of payments”, but I…07 Mar 2023HANSARDFinancial Services and Markets BillNoble Lords can speak to any amendment in the group once the lead amendment has been put, I believe.07 Mar 2023HANSARDFinancial Services and Markets BillNot just yet. Was it about the letter?07 Mar 2023HANSARDFinancial Services and Markets BillI will have to get back to the Committee on that point. I had picked up the noble Baroness’s other point, which was also referenced by the noble Lord, Lord Tunnicliffe, on the…07 Mar 2023HANSARDFinancial Services and Markets BillThat request has been noted. Reading the statistic in my notes, I would say that 86% of adults have used contactless payments, rather than it being a comment on how much they use…07 Mar 2023HANSARDFinancial Services and Markets BillMy Lords, we were addressing the question of when alternative service provision is put in place and the accessibility of that service provision. I have addressed the point made by…07 Mar 2023HANSARDFinancial Services and Markets BillOn interchange fees, decisions regarding the operation and funding arrangements for an ATM network are taken by the parties involved. The noble Lord will know that LINK has…07 Mar 2023HANSARDFinancial Services and Markets Bill07 Mar 2023