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Contingencies Fund Advance

25 November 2020

Proposing MP
Jesse Norman Con
Hereford and South Herefordshire
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

The statement discusses parliamentary approval for additional resources for HM Revenue and Customs in response to the COVID-19 pandemic.

Action Requested

Pending parliamentary approval, urgent expenditure of £21,715,000,000 will be met by repayable cash advances from the Contingencies Fund. Further requests may be made as necessary based on OBR forecasts.

Key Facts

  • Parliamentary approval for additional resources of £21,715,000,000 for HM Revenue and Customs.
  • Urgent expenditure estimated at £21,715,000,000 will be met by repayable cash advances from the Contingencies Fund pending parliamentary approval.
  • Further requests to the Contingencies Fund may be made as necessary to fund Covid-19 activity delivered by HM Revenue and Customs.
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