United Kingdom · Question · Written question
UIN 907503
Motor Vehicles: Credit
Original
Introduced
21 January 2026
Last action
27 January 2026 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
27 January 2026
Summary
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the restriction on tax relief for banks' compensation payments for motor finance compensation payments.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
21 January 2026
Written question
To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the restriction on tax relief for banks' compensation payments for motor finance compensation payments.
Source: Commons
27 January 2026
Answer
We are monitoring the redress situation closely and want to see it resolved in an efficient way that provides certainty for consumers and firms.In line with international norms, companies generally obtain Corporation Tax deductions for compensation paymen...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2026-01-21/907503
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1875262
- uk · wq-1875262 · source updated 27 January 2026