Asked by: Olivia Blake (Labour - Sheffield, Hallam)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will provide support for directors of limited companies who take the majority of their income in dividends.
Answered by Jesse Norman
I refer the Honourable Member to the written answer to Parliamentary Question 54215 given on 9 June 2020: www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2020-06-03/54215/
Asked by: Olivia Blake (Labour - Sheffield, Hallam)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many private schools, who are still charging fees, have accessed the Coronavirus Job Retention Scheme.
Answered by Jesse Norman
Applications for the Coronavirus Job Retention Scheme (CJRS) opened on Monday 20 April. By midnight 31 May 2020, 1.1m employers had submitted claims to HMRC representing 8.7m furloughed employments and £17.5bn.
This is a new scheme and HMRC are currently working through the analysis they will be able to provide based on the data available. HMRC will make the timescales for publication and the types of data available in due course.
Asked by: Olivia Blake (Labour - Sheffield, Hallam)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he is taking to support Directors of small businesses during the covid-19 outbreak; and if will he introduce financial support measures for those Directors.
Answered by Kemi Badenoch - President of the Board of Trade
The Government has announced unprecedented support for business and workers to protect them against the current economic emergency including almost £300 billion of guarantees – equivalent to 15% of UK GDP. The directors of small businesses, and other self-employed individuals, may benefit from a range of support measures including:
The Business Support website provides further information about how businesses can access the support that has been made available, who is eligible, when the schemes open and how to apply - https://www.businesssupport.gov.uk/coronavirus-business-support. And details of the range of support for individuals affected by COVID-19 is available at: https://www.gov.uk/government/publications/support-for-those-affected-by-covid-19/support-for-those-affected-by-covid-19.
Asked by: Olivia Blake (Labour - Sheffield, Hallam)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of extending probate for people who have experienced bereavement during the covid-19 lockdown and who therefore cannot meet the six month deadline for inheritance tax submission.
Answered by Jesse Norman
While there is no statutory deadline for making probate applications, the Government is aware of concerns about the six-month deadline for paying inheritance tax and the twelve-month deadline for filing a return. Where a taxpayer is unable to file their return on time because of COVID-19, HMRC will consider that within the scope of a reasonable excuse and as grounds for appeal against late filing penalties. The Government continues to explore all avenues to help those affected.Asked by: Olivia Blake (Labour - Sheffield, Hallam)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will expand eligibility for small business rate relief during the covid-19 outbreak to small businesses that pay business rates as part of their rent to their landlord.
Answered by Jesse Norman
Small businesses occupying a property with a rateable value below £15,000 are eligible for Small Business Rate Relief (SBRR). Businesses in receipt of their own business rates assessment and which meet the criteria may be eligible for SBRR and, for those in receipt of the relief, the £10,000 grant.
A range of further measures to support all businesses, including those not eligible for SBRR, has also been made available.
This includes the Government’s launch of the Coronavirus Job Retention Scheme to help firms continue to keep people in employment, the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank, and the deferral of VAT payments for this quarter.
The Government will keep under review any further financial assistance necessary to help businesses.
Asked by: Olivia Blake (Labour - Sheffield, Hallam)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will extend small business rates relief during the covid-19 outbreak to include all small and independent businesses.
Answered by Jesse Norman
Small businesses occupying a property with a rateable value below £15,000 are eligible for Small Business Rate Relief (SBRR). Businesses in receipt of their own business rates assessment and which meet the criteria may be eligible for SBRR and, for those in receipt of the relief, the £10,000 grant.
A range of further measures to support all businesses, including those not eligible for SBRR, has also been made available.
This includes the Government’s launch of the Coronavirus Job Retention Scheme to help firms continue to keep people in employment, the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank, and the deferral of VAT payments for this quarter.
The Government will keep under review any further financial assistance necessary to help businesses.