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answer › question first answered	2020-09-03T15:59:41.69Z
min date	2020-08-28
min answer › question first answered	2019-06-27T12:57:06.047Z
tabling member constituency	Walthamstow

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1229331

registered interest

date

28/08/2020

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

Foreign Companies: Coronavirus

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Business, Energy and Industrial Strategy, what monitoring the Government undertakes to assess whether funding from the (a) Coronavirus Business Interruption Loan Scheme and (b) Coronavirus Job Retention Scheme has been provided to firms based outside of the UK.

tabling member constituency

Walthamstow

tabling member printed

Stella Creasy

uin

81865

answer

is ministerial correction

date of answer

03/09/2020

answer text

In order to be eligible for finance under the Coronavirus Business Interruption Loan Scheme (CBILS), a small or medium sized enterprise (SME) must have the core of its business operations based in the UK. An SME which is foreign-owned is in principle eligible to apply for CBILS, provided it is trading in the UK (not just selling into the UK) and uses the CBILS facility to support its business activity in the UK. The same is true for an SME which has UK ownership but is registered abroad. For firms to be eligible for the Coronavirus Job Retention Scheme (CJRS), they must have a UK bank account and UK payroll. However, HMRC will continue to monitor claim data, compare against records and review reports of any fraudulent or misleading claims. HMRC will not hesitate to take action against those found to be abusing or misleading the scheme.

answering member constituency

Sutton and Cheam

answering member printed

Paul Scully

question first answered

03/09/2020 15:59:41

answering member

4414

label	Biography information for Paul Scully

tabling member

4088

label	Biography information for Stella Creasy