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United Kingdom · Question · Written question

UIN 142028

Manufacturing Industries and Retail Trade: Loans

answeredUnited Kingdom· UK Parliament· EN

Introduced

22 January 2021

Last action

27 January 2021 · Answer

Status

Answered

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Discovery layer

Source updated

27 January 2021

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the extension of secondary preferential creditor status for HMRC on business lending in the (a) retail and (b) manufacturing sector.

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Timeline

  1. 22 January 2021

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of the extension of secondary preferential creditor status for HMRC on business lending in the (a) retail and (b) manufacturing sector.

    Source: Commons

  2. 27 January 2021

    Answer

    The recent change to HMRC’s creditor status for certain debts ensures 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...

    Source: Written answer

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