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1188649
registered interest false more like this
date less than 2020-04-20more like thismore than 2020-04-20
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 Investment Income more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of people who draw dividends in lieu of a salary from a Limited Company in the UK. more like this
tabling member constituency Cardiff West more like this
tabling member printed
Kevin Brennan remove filter
uin 37472 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>HMRC administrative data does not cover the sources of dividend income. It is therefore not possible to determine accurately the number of individuals who have taken dividend income in lieu of a salary from Limited Companies.</p><p> </p><p>HMRC publish statistics on the number of taxpayers receiving dividend income and the amounts received for tax years from 2010-11 to 2017-18. These statistics do not distinguish between dividends paid as salary, and dividends received as returns from investments. These statistics are published here: <a href="https://www.gov.uk/government/statistics/investment-income-2010-to-2011" target="_blank">https://www.gov.uk/government/statistics/investment-income-2010-to-2011</a>.</p> more like this
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
question first answered
less than 2020-04-28T16:50:21.043Zmore like thismore than 2020-04-28T16:50:21.043Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
1400
label Biography information for Kevin Brennan more like this
1188843
registered interest false more like this
date less than 2020-04-20more like thismore than 2020-04-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Coronavirus Business Interruption Loan Scheme: Arts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, how many businesses in the (a) creative and (b) music sectors have received support under the Coronavirus Business Interruption Loans Scheme to date. more like this
tabling member constituency Cardiff West more like this
tabling member printed
Kevin Brennan remove filter
uin 38032 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>As of 21 April, over £2.8bn worth of loans have been issued under the Coronavirus Business Interruption Loan Scheme, to over 16,600 businesses. At this time we cannot provide a breakdown of funding by sector, as we have given lenders a temporary dispensation from uploading their data to the British Business Bank’s system in order to let them focus on issuing new loans. This is a pragmatic step that reflects the urgency of getting loans issued. We are working with the British Business Bank, HM Treasury and lenders on regular and transparent data publication going forward.</p> more like this
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2020-04-28T16:36:31.2Zmore like thismore than 2020-04-28T16:36:31.2Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
1400
label Biography information for Kevin Brennan more like this
1188844
registered interest false more like this
date less than 2020-04-20more like thismore than 2020-04-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Business: Loans more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to ensure that business sectors which have been unable to access Government-backed finance in the past are able to access the Coronavirus Business Interruption Loans Scheme and other Government-backed loan schemes. more like this
tabling member constituency Cardiff West more like this
tabling member printed
Kevin Brennan remove filter
uin 38031 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>The Government has responded to helpful feedback to ensure that companies feel the full benefits of available support.</p><p> </p><p>The Coronavirus Business Interruption Loan Scheme (CBILS) is open to eligible businesses operating in most sectors. Unlike Enterprise Finance Guarantee, road haulage, fishery, aquaculture and agriculture businesses can access facilities up to the maximum of £5m available. Fishery, aquaculture and agriculture businesses may not qualify for the full interest and lender-levied fee payment paid by government.</p><p> </p><p>The Government has:</p><ul><li>Extended the scheme so that all viable small businesses affected by Covid-19, and not just those unable to secure regular commercial financing, are now eligible if the lender believes they need finance to see them through these unprecedented times.</li><li>Removed the requirement that the relevant applicant not be a business, employer, professional, religious or political membership organisation or a trade union in order to be eligible for CBILS.</li><li>Announced the launch of the Coronavirus Large Business Interruption Loan Scheme to support all larger viable businesses with an annual turnover of £45 million and above.</li></ul>
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2020-04-28T15:06:46.04Zmore like thismore than 2020-04-28T15:06:46.04Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
1400
label Biography information for Kevin Brennan more like this