HS2 in Hansard 10/6/2013

VAT: High Speed 2 Railway Line

Mrs Gillan: To ask the Chancellor of the Exchequer

pursuant to the answer of 3 June 2013, Official Report,

column 828W, on VAT High Speed 2 (HS2) railway

line, when he expects HM Revenue and Customs to

make a decision on whether the HS2 project will be

subject to VAT. [158594]

Mr Gauke: In order to recover VAT incurred on the

costs of constructing the railway, HS2 Ltd will have to

register for VAT. To do so, it will have to satisfy HMRC

that it intends to make taxable supplies, as explained in

paragraph 3.12 of the May 2013 National Audit Office

report. As the NAO also point out in their report, VAT

represents an internal transfer within government rather

than an additional cost.

High Speed 2 Railway Line

Andrea Leadsom: To ask the Secretary of State for

Transport when he expects HS2 Ltd to complete and

publish the research it commissioned in August 2012

into the potential effect of High Speed 2 on regional

economies. [158578]

Mr Simon Burns: HS2 Ltd is taking forward a

programme of work to assess how HS2 will impact on

the economy at the national and regional level. This will

provide a deeper understanding of how HS2 might

interact with land use, business investment, jobs and

growth.

This work will inform the next update to the business

case for HS2 and HS2 Ltd aims to publish the research

later this year to support the Phase 2 consultation and

the passage of the hybrid Bill.

Andrea Leadsom: To ask the Secretary of State for

Transport who the members of the High Speed Rail

programme board are. [158579]

Mr Simon Burns: The High Speed Rail (HSR)

programme board is chaired by David Prout, DFT

director-general for High Speed Rail. In addition to the

chair, board membership comprises:

Douglas Oakervee, chair of HS2 Ltd;

Alison Munro, CEO of HS2 Ltd;

Martin Capstick, director of HS2 Policy, Legislation, and

Funding;

Jonathan Sharrock, director of HS2 Strategy and Engagement;

Becky Wood, (acting) director of HS2 Project Sponsorship,

Commercial and Technical;

Stephen Park, DFT Group Finance (interim) director;

Nick Bisson, Rail Strategy and Finance director;

Joe Grice, DFT chief economist;

Nick Joyce, director of Commercial and Technical Services;

one nominated official from HM Treasury;

one nominated official from Infrastructure UK; and

the HS2 Project Representative.

Other officials attend by invitation for specific items

of business.

Andrea Leadsom: To ask the Secretary of State for

Transport if he will publish the report commissioned

by HS2 Ltd from the companies Sinclair Knight Merz

and Jacobs into the High Speed 2 modelling

framework. [158580]

Mr Simon Burns: HS2 Ltd have commissioned Sinclair

Knight Merz and Jacobs to independently audit the

HS2 Ltd modelling framework. This independent audit

provides assurance for the next update to the HS2

Economic Case and HS2 Ltd aims to publish this

report.

Mrs Gillan: To ask the Secretary of State for

Transport what plans his Department has to analyse

the effect of premium pricing on forecast (a) passenger

demand, (b) revenues and (c) benefit to cost ratios for

High Speed 2; and if he will make a statement. [158595]

Mr Simon Burns: The Economic Case for HS2 and

associated forecasts of demand and revenue currently

assume that the structure of high speed fares are comparable

to the existing network. The Department,working closely

with HS2 Ltd, is considering the potential benefits that

could be secured from more sophisticated pricing policies

across both the HS2 and classic networks.

Mrs Gillan: To ask the Secretary of State for

Transport when he expects to reach a decision on how

rolling stock for phase one of High Speed 2 will be

financed. [158596]

Mr Simon Burns: HS2 rolling stock is not due to

come into service until late 2026. No decision on rolling

stock procurement and financing has yet been taken.

The Department will decide how the trains will be

funded in due course

http://www.publications.parliament.uk/pa/cm201314/cmhansrd/chan14.pdf

Advertisements