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1126305
registered interest false more like this
date less than 2019-05-13more like thismore than 2019-05-13
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Insolvency more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what was the basis for their estimate in the consultation by HMRC Protecting your taxes in insolvency, published on 26 February, that the reintroduction of preferential status for any Crown creditor would yield £185 million per annum in additional tax revenue. more like this
tabling member printed
Baroness Hayter of Kentish Town more like this
uin HL15665 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-22more like thismore than 2019-05-22
answer text <p>The estimate is the tax recovered from insolvencies that HM Revenue and Customs (HMRC) would not otherwise have collected before the policy was implemented. Adjustments were made for tax and payment timing.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-05-22T16:21:03.407Zmore like thismore than 2019-05-22T16:21:03.407Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
4159
label Biography information for Baroness Hayter of Kentish Town more like this
1126306
registered interest false more like this
date less than 2019-05-13more like thismore than 2019-05-13
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Insolvency more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether the proposals in the consultation by HMRC Protecting your taxes in insolvency, published on 26 February, to reintroduce preferential status for any Crown creditor takes into account lost Government revenue resulting from other taxpayers suffering additional bad debts due to the priority payment of HMRC, and any consequential loss to the economy resulting other taxpayers themselves becoming insolvent due to an increased burden of bad debt; and what assessment, if any, they have made of the impact of that change on lending. more like this
tabling member printed
Baroness Hayter of Kentish Town more like this
uin HL15666 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-05-22more like thismore than 2019-05-22
answer text <p>The ‘Protecting your taxes in insolvency’ proposals take into account lost government revenue resulting from other taxpayers suffering additional bad debts due to the priority payment of HMRC.</p><p> </p><p>Lending against fixed assets will not be impacted by this measure, but lending against floating assets will be impacted, as HMRC will move above secured creditors with floating charges in insolvencies.</p><p> </p><p>At Budget 2018, the independent OBR chose not to make any adjustments to their economic forecast in response to this measure.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2019-05-22T16:22:56.03Zmore like thismore than 2019-05-22T16:22:56.03Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
4159
label Biography information for Baroness Hayter of Kentish Town more like this
999751
registered interest false more like this
date less than 2018-11-01more like thismore than 2018-11-01
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Interparliamentary Forum on Brexit more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the letter from the Members of the Interparliamentary Forum on Brexit to the Chancellor of the Duchy of Lancaster dated 29 October; and when they intend to respond to that letter and its conclusion that the Joint Ministerial Committee mechanism is not fit for purpose. more like this
tabling member printed
Baroness Hayter of Kentish Town more like this
uin HL11196 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-13more like thismore than 2018-11-13
answer text <p>We are grateful to the Forum for its contribution to the debate and its recommendations, which will continue to inform discussions between the UK Government and devolved administrations on the review of intergovernmental relations. We note the Forum's request for a response by 14 January and will respond in due course.</p> more like this
answering member printed Lord Young of Cookham more like this
question first answered
less than 2018-11-13T16:54:05.12Zmore like thismore than 2018-11-13T16:54:05.12Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
4159
label Biography information for Baroness Hayter of Kentish Town more like this