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1188649

registered interest
date	20/04/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Investment Income
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	37472
answer	answer is ministerial correction date of answer 28/04/2020 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> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 28/04/2020 16:50:21 answering member 3991 label Biography information for Jesse Norman
tabling member	1400 label Biography information for Kevin Brennan

1188843

registered interest
date	20/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Coronavirus Business Interruption Loan Scheme: Arts
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	38032
answer	answer is ministerial correction date of answer 28/04/2020 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> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 28/04/2020 16:36:31 answering member 4414 label Biography information for Paul Scully
tabling member	1400 label Biography information for Kevin Brennan

1188844

registered interest
date	20/04/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Business: Loans
house id	1
legislature	25259 pref label House of Commons
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.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	38031
answer	answer is ministerial correction date of answer 28/04/2020 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 answering member printed Paul Scully question first answered 28/04/2020 15:06:46 answering member 4414 label Biography information for Paul Scully
tabling member	1400 label Biography information for Kevin Brennan