{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "https://eldaddp.azurewebsites.net/answeredquestions.text?max-ddpModified.=2020-10-14T15%3A40%3A08.354Z&answer.answeringMemberConstituency=Hereford+and+South+Herefordshire&min-ddpModified.=2020-10-06T19%3A00%3A05.559Z", "definition" : "https://eldaddp.azurewebsites.net/meta/answeredquestions.text?max-ddpModified.=2020-10-14T15%3A40%3A08.354Z&answer.answeringMemberConstituency=Hereford+and+South+Herefordshire&min-ddpModified.=2020-10-06T19%3A00%3A05.559Z", "extendedMetadataVersion" : "https://eldaddp.azurewebsites.net/answeredquestions.text?max-ddpModified.=2020-10-14T15%3A40%3A08.354Z&answer.answeringMemberConstituency=Hereford+and+South+Herefordshire&_metadata=all&min-ddpModified.=2020-10-06T19%3A00%3A05.559Z", "first" : "https://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&max-ddpModified.=2020-10-14T15%3A40%3A08.354Z&answer.answeringMemberConstituency=Hereford+and+South+Herefordshire&min-ddpModified.=2020-10-06T19%3A00%3A05.559Z", "hasPart" : "https://eldaddp.azurewebsites.net/answeredquestions.text?max-ddpModified.=2020-10-14T15%3A40%3A08.354Z&answer.answeringMemberConstituency=Hereford+and+South+Herefordshire&min-ddpModified.=2020-10-06T19%3A00%3A05.559Z", "isPartOf" : "https://eldaddp.azurewebsites.net/answeredquestions.text?max-ddpModified.=2020-10-14T15%3A40%3A08.354Z&answer.answeringMemberConstituency=Hereford+and+South+Herefordshire&min-ddpModified.=2020-10-06T19%3A00%3A05.559Z", "items" : [{"_about" : "http://data.parliament.uk/resources/1242844", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1242844/answer", "answerText" : {"_value" : "

HMRC do not hold aggregate data on when individual taxpayers were issued with settlement offers.<\/p>

HMRC are currently compiling, analysing and assuring settlement data up to 30 September 2020. HMRC plan to report the number of agreed settlements when they publish their report on how they have implemented the Loan Charge changes following the Independent Loan Charge Review, later this year.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-16", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-16T12:47:07.107Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Tax Avoidance"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, how many loan charge settlements were (a) offered and (b) agreed during July, August and September 2020.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4061", "label" : {"_value" : "Biography information for Bill Esterson"} } , "tablingMemberConstituency" : {"_value" : "Sefton Central"} , "tablingMemberPrinted" : [{"_value" : "Bill Esterson"} ], "uin" : "102774"} , {"_about" : "http://data.parliament.uk/resources/1242851", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1242851/answer", "answerText" : {"_value" : "

To boost the housing market, the Government decided to cut Stamp Duty Land Tax (SDLT) by temporarily increasing the nil rate band of SDLT to £500,000. This applies from 8 July 2020 to 31 March 2021. The Government keeps all taxes under review, including SDLT, but has no plans to extend the relief.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-16", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-16T12:42:03.503Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Stamp Duty Land Tax: Coronavirus"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, pursuant to the Answer of 8 October 2020 to Question 97543 on Housing: Insulation, if he will make it his policy to extend the temporary reduced rate of Stamp Duty Land Tax for home buyers.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4505", "label" : {"_value" : "Biography information for Peter Kyle"} } , "tablingMemberConstituency" : {"_value" : "Hove"} , "tablingMemberPrinted" : [{"_value" : "Peter Kyle"} ], "uin" : "102883"} , {"_about" : "http://data.parliament.uk/resources/1242931", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1242931/answer", "answerText" : {"_value" : "

The Government initially cut the rate of VAT applied to hospitality, accommodation and attractions, from 20 per cent to 5 per cent, for a period of six months to 12 January 2021. The Government has extended this relief, and it will now end on 31 March 2021. The reduced rate aims to support the cash flow and viability of over 150,000 businesses in the affected sectors and will help protect 2.4 million jobs.<\/p>

<\/p>

Any business providing relevant hospitality, accommodation or attractions is able to benefit from the relief, wherever the business is located in the UK. Further information on this is available on GOV.UK. This policy will cost over £3 billion, and while some businesses in some sectors are disappointed, a boundary for eligibility had to be drawn.<\/p>

<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-20", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-20T16:05:32.487Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Amusement Arcades: Coronavirus"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what plans he has to provide support to (a) seaside and (b) high street arcades; and if he will extend the reduction in the rate of VAT to 5 per cent to include that sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4050", "label" : {"_value" : "Biography information for Gordon Henderson"} } , "tablingMemberConstituency" : {"_value" : "Sittingbourne and Sheppey"} , "tablingMemberPrinted" : [{"_value" : "Gordon Henderson"} ], "uin" : "102770"} , {"_about" : "http://data.parliament.uk/resources/1242988", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1242988/answer", "answerText" : {"_value" : "

The Social Investment Tax Relief (SITR) is intended to address a specific access to finance market failure for social enterprises by incentivising individuals to invest in these ventures.<\/p>

<\/p>

The scheme is intended to support a broad range of social enterprises, with a variety of social missions and community benefits. SITR is not designed directly to encourage employment or to support particular geographical areas: qualifying social enterprises are free to use SITR wherever they are in the country in whatever way they determine is best for their growth and development.<\/p>

<\/p>

The Government committed to a full review of SITR within two years of its expansion, and published a Call for Evidence last year on the use of the scheme to date. A Summary of Responses will be published in due course alongside a decision on the policy\u2019s future.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-16", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "102028"} , {"_value" : "102029"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-16T14:01:42.32Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Social Enterprises: Tax Allowances"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Housing, Communities and Local Government on the potential contribution that continuing Social Investment Tax Relief beyond April 2021 could make to promoting local economic growth in the most disadvantaged communities.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3950", "label" : {"_value" : "Biography information for Dame Tracey Crouch"} } , "tablingMemberConstituency" : {"_value" : "Chatham and Aylesford"} , "tablingMemberPrinted" : [{"_value" : "Tracey Crouch"} ], "uin" : "102755"} , {"_about" : "http://data.parliament.uk/resources/1243023", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1243023/answer", "answerText" : {"_value" : "

HMRC have published data about the number of registered establishments and claims totals and will publish a detailed analysis of the scheme. This will include breakdowns of claims values between small and larger businesses (those with more than 25 establishments).<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-16", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "102856"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-16T13:15:10.22Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Eat Out to Help Out Scheme"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what the total value was of claims made by registered businesses with more than 25 outlets under the Eat Out to Help Out scheme up to 27 August 2020.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4413", "label" : {"_value" : "Biography information for Kirsten Oswald"} } , "tablingMemberConstituency" : {"_value" : "East Renfrewshire"} , "tablingMemberPrinted" : [{"_value" : "Kirsten Oswald"} ], "uin" : "102855"} , {"_about" : "http://data.parliament.uk/resources/1243030", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1243030/answer", "answerText" : {"_value" : "

HMRC have published data about the number of registered establishments and claims totals and will publish a detailed analysis of the scheme. This will include breakdowns of claims values between small and larger businesses (those with more than 25 establishments).<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-16", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "102855"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-16T13:15:10.267Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Eat Out to Help Out Scheme"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, how many businesses with more than 25 outlets registered to participate in the Eat Out to Help Out scheme; and how many outlets were registered by those businesses.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4413", "label" : {"_value" : "Biography information for Kirsten Oswald"} } , "tablingMemberConstituency" : {"_value" : "East Renfrewshire"} , "tablingMemberPrinted" : [{"_value" : "Kirsten Oswald"} ], "uin" : "102856"} , {"_about" : "http://data.parliament.uk/resources/1243049", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1243049/answer", "answerText" : {"_value" : "

As part of the Government\u2019s support for businesses during COVID-19, businesses were given the option to defer their VAT payments between 20 March and 30 June in order to manage their cash flow through the initial stages of the pandemic. Approximately 500,000 businesses deferred £30 billion in VAT. Approximately £16 billion of VAT was received into the Exchequer covering the deferral period, as some businesses continued to pay VAT as normal.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-20", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-20T16:03:06.193Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "VAT: Coronavirus"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what assessment his Department has made of the effect on the expected number of returns to the Exchequer of the level of deferred VAT payments under the Deferral Scheme for VAT.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"} } , "tablingMemberConstituency" : {"_value" : "Hitchin and Harpenden"} , "tablingMemberPrinted" : [{"_value" : "Bim Afolami"} ], "uin" : "102910"} , {"_about" : "http://data.parliament.uk/resources/1243050", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1243050/answer", "answerText" : {"_value" : "

The recent legislative change gives HMRC second preferential creditor status for certain taxes. This change is designed to ensure that when a business enters insolvency, more of the taxes paid in good faith by its employees and customers, but held temporarily by the business, go to fund public services as intended, rather than be distributed to other creditors.<\/p>

<\/p>

This change is not expected to have a significant impact on financial institutions, the lending market or wider economy. This measure is forecast to raise up to £220 million a year. To put this into perspective, bank lending to small and medium-sized businesses alone in 2019 was £57 billion.<\/p>

<\/p>

This reform will have no direct impact on VAT deferral as it only applies to businesses that become insolvent. Like HMRC\u2019s Time to Pay scheme, the VAT deferral supports businesses with their cashflow pressures, making them less likely to be insolvent.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-20", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "102912"} , {"_value" : "102913"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-20T15:58:43.5Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Business: Loans"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what assessment his Department has made of the likely combined effect on lending to UK businesses of the partial reintroduction of crown preference (secondary preferential creditor status) from 1 December 2020 and the amount of deferred VAT under the Deferral Scheme for VAT.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"} } , "tablingMemberConstituency" : {"_value" : "Hitchin and Harpenden"} , "tablingMemberPrinted" : [{"_value" : "Bim Afolami"} ], "uin" : "102911"} , {"_about" : "http://data.parliament.uk/resources/1243051", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1243051/answer", "answerText" : {"_value" : "

The recent legislative change gives HMRC second preferential creditor status for certain taxes. This change is designed to ensure that when a business enters insolvency, more of the taxes paid in good faith by its employees and customers, but held temporarily by the business, go to fund public services as intended, rather than be distributed to other creditors.<\/p>

<\/p>

This change is not expected to have a significant impact on financial institutions, the lending market or wider economy. This measure is forecast to raise up to £220 million a year. To put this into perspective, bank lending to small and medium-sized businesses alone in 2019 was £57 billion.<\/p>

<\/p>

This reform will have no direct impact on VAT deferral as it only applies to businesses that become insolvent. Like HMRC\u2019s Time to Pay scheme, the VAT deferral supports businesses with their cashflow pressures, making them less likely to be insolvent.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-20", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "102911"} , {"_value" : "102913"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-20T15:58:43.547Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insolvency and VAT"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what recent estimate his Department has made of the expected additional returns to the Exchequer as a result of the introduction of secondary preferential creditor status in conjunction with the Deferral Scheme for VAT.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"} } , "tablingMemberConstituency" : {"_value" : "Hitchin and Harpenden"} , "tablingMemberPrinted" : [{"_value" : "Bim Afolami"} ], "uin" : "102912"} , {"_about" : "http://data.parliament.uk/resources/1243052", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1243052/answer", "answerText" : {"_value" : "

The recent legislative change gives HMRC second preferential creditor status for certain taxes. This change is designed to ensure that when a business enters insolvency, more of the taxes paid in good faith by its employees and customers, but held temporarily by the business, go to fund public services as intended, rather than be distributed to other creditors.<\/p>

<\/p>

This change is not expected to have a significant impact on financial institutions, the lending market or wider economy. This measure is forecast to raise up to £220 million a year. To put this into perspective, bank lending to small and medium-sized businesses alone in 2019 was £57 billion.<\/p>

<\/p>

This reform will have no direct impact on VAT deferral as it only applies to businesses that become insolvent. Like HMRC\u2019s Time to Pay scheme, the VAT deferral supports businesses with their cashflow pressures, making them less likely to be insolvent.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3991", "label" : {"_value" : "Biography information for Jesse Norman"} } , "answeringMemberConstituency" : {"_value" : "Hereford and South Herefordshire"} , "answeringMemberPrinted" : {"_value" : "Jesse Norman"} , "dateOfAnswer" : {"_value" : "2020-10-20", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "102911"} , {"_value" : "102912"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2020-10-20T15:58:43.593Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2020-10-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insolvency"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what assessment his Department has made of the likely effect on business insolvencies of reintroducing secondary preferential creditor status in December 2020.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"} } , "tablingMemberConstituency" : {"_value" : "Hitchin and Harpenden"} , "tablingMemberPrinted" : [{"_value" : "Bim Afolami"} ], "uin" : "102913"} ], "itemsPerPage" : 10, "next" : "https://eldaddp.azurewebsites.net/answeredquestions.text?_page=1&max-ddpModified.=2020-10-14T15%3A40%3A08.354Z&answer.answeringMemberConstituency=Hereford+and+South+Herefordshire&min-ddpModified.=2020-10-06T19%3A00%3A05.559Z", "page" : 0, "startIndex" : 1, "totalResults" : 94, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }