Nigel Mills – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Nigel Mills on 2016-05-10.

To ask Mr Chancellor of the Exchequer, how much HM Revenue and Customs has received related to insolvency procedures in each of the last five years.

Mr David Gauke

HM Revenue and Customs (HMRC) only holds information about dividends paid for each of the last two years. In 2014/15 a total of £70.6m was received. In 2015/16 the figure was £74.5m. These figures represent dividends paid after a company or individual has been made insolvent. HMRC also receives payments in response to the initiation of insolvency proceedings and these payments are sometimes sufficient to allow HMRC to withdraw the proceedings. Data is not available about the amount received by way of these payments.