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1122699
star this property registered interest false more like this
star this property date less than 2019-04-24more like thismore than 2019-04-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Insolvency: Tax Collection more like this
unstar 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 Business, Energy and Industrial Strategy, what discussions his Department had with (a) HMRC and (b) the Treasury on the decision to make HMRC a secondary preferential creditor in insolvencies (i) before and (ii) after the Chancellor announced the policy at the 2018 Budget . more like this
star this property tabling member constituency Stockton North remove filter
star this property tabling member printed
Alex Cunningham more like this
star this property uin 247036 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>Insolvency Service officials regularly meet with officials from HMRC and HM Treasury on a wide range of policy issues which has included, from time to time, the position of HMRC as a creditor in insolvency proceedings. Since the 2018 Budget, officials have had a number of discussions leading up to the publication of the “Protecting Your Taxes in Insolvency” consultation on 26 February this year. The consultation closes on 27 May.</p> more like this
unstar this property answering member constituency Rochester and Strood more like this
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-05-01T16:03:38.447Zmore like thismore than 2019-05-01T16:03:38.447Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4122
star this property label Biography information for Alex Cunningham more like this
1122700
star this property registered interest false more like this
star this property date less than 2019-04-24more like thismore than 2019-04-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Insolvency: Tax Collection more like this
unstar 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 Business, Energy and Industrial Strategy, what assessment his Department has made of the effect on (a) business lending and (b) business rescue of the decision at the 2018 Budget to make HMRC a secondary preferential creditor in insolvencies. more like this
star this property tabling member constituency Stockton North remove filter
star this property tabling member printed
Alex Cunningham more like this
star this property uin 247037 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Government published an assessment of the impact of the decision to make HMRC a secondary preferential creditor in insolvencies in the “Protecting Your Taxes in Insolvency” policy paper issued with the Budget on 29 October 2018. The Government is currently consulting on the detailed policy design for this measure to ensure the changes work as intended. The consultation closes on 27 May and the Government is encouraging financial services businesses, lenders and insolvency practitioners to respond.</p> more like this
unstar this property answering member constituency Rochester and Strood more like this
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-05-01T16:03:49.613Zmore like thismore than 2019-05-01T16:03:49.613Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4122
star this property label Biography information for Alex Cunningham more like this
1122702
star this property registered interest false more like this
star this property date less than 2019-04-24more like thismore than 2019-04-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Insolvency more like this
unstar 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 Business, Energy and Industrial Strategy, what public consultation his Department is undertaking with the insolvency and restructuring profession on his Department’s proposed reforms of the corporate insolvency framework. more like this
star this property tabling member constituency Stockton North remove filter
star this property tabling member printed
Alex Cunningham more like this
star this property uin 247039 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Government regularly consults with and discusses matters of policy with a wide range of stakeholders in order to deliver effective, evidence-based reforms. This reflects the Government’s commitment to open and consultative policy making.</p><p> </p><p>In August 2018 the Government published its response to the 2016 ‘Review of the Corporate Insolvency Framework’ consultation and 2018 ‘Insolvency and Corporate Governance’ consultation. The Government outlined in its response its intention to proceed with a comprehensive package of reforms aimed at improving the prospects of company rescue for financially distressed companies, while improving corporate governance to ensure those affected by a company’s financial difficulties are treated fairly.</p><p> </p><p>Since publication of the response, officials have continued to consult with a range of interested parties, including representatives from the insolvency and restructuring profession, on the detail of the proposed reforms.</p><p> </p>
unstar this property answering member constituency Rochester and Strood more like this
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-05-01T16:03:59.92Zmore like thismore than 2019-05-01T16:03:59.92Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4122
star this property label Biography information for Alex Cunningham more like this