Commons Sense

House of Commons · Written Ministerial Statement

Contingencies Fund Advance

03 September 2020 · Treasury

Proposed by Jesse Norman Con Hereford and South Herefordshire

EconomyTaxation

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The government seeks parliamentary approval for supplementary estimates of 15 billion for HMRC to cover urgent expenditure related to the pandemic response.
  • HMRC has already requested 900 million and may seek further funding based on OBR forecasts.
  • Repayable cash advances from the Contingencies Fund will be used pending parliamentary approval.

Issue summary

The statement addresses the need for additional resources for HM Revenue and Customs due to the government's response to the Covid-19 pandemic in 2020-21.

Action requested

HMRC will seek parliamentary approval for supplementary estimates of £15 billion (including a previous request of £900 million) to cover urgent expenditure, with repayable cash advances from the Contingencies Fund pending that approval. Further requests may be made as needed based on OBR forecasts.

Key facts

  • HMRC will seek parliamentary approval for additional resources of £15 billion.
  • Pending approval, urgent expenditure estimated at £900 million and £14,100 million will be met by repayable cash advances from the Contingencies Fund.
  • Further requests to the Contingencies Fund may be made as necessary based on OBR forecasts.
▸ Assessment & feedback
Summary accuracy