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1167800
star this property registered interest false more like this
unstar this property date remove maximum value filtermore like thismore than 2019-11-01
star this property answering body
Department for Transport remove filter
star this property answering dept id 27 more like this
unstar this property answering dept short name Transport more like this
star this property answering dept sort name Transport more like this
star this property hansard heading East Coast Rail Franchise more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Transport, what estimate he has made of the profits remitting to the Exchequer from the LNER direct operations of the East Coast Mainline franchise. remove filter
unstar this property tabling member constituency Easington more like this
star this property tabling member printed
Grahame Morris more like this
star this property uin 8584 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2019-11-05more like thismore than 2019-11-05
star this property answer text <p>LNER generates a surplus of revenue over costs. Updated forecasts for this surplus are provided by LNER and reviewed by DfT each quarter. An element of the profit is retained by LNER for franchise development but the majority is remitted to Government in the following three ways:</p><p> </p><ol><li><p>Premium paid to DfT which is a taxable cost</p></li><li><p>Corporation tax on the surplus less premium paid to HMRC</p></li><li><p>Dividends from retained profit paid to DfT</p></li></ol><p> </p><p>The three elements are identifiable in the statutory accounts filed by LNER. The forecasts are commercially sensitive.</p> more like this
unstar this property answering member constituency Daventry more like this
star this property answering member printed Chris Heaton-Harris more like this
star this property question first answered
less than 2019-11-05T12:25:24.387Zmore like thismore than 2019-11-05T12:25:24.387Z
star this property answering member
3977
star this property label Biography information for Chris Heaton-Harris more like this
unstar this property tabling member
3973
unstar this property label Biography information for Grahame Morris more like this