HMRC: Contingencies Fund Advance

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Wednesday 28th April 2021

(3 years, 10 months ago)

Written Statements
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Jesse Norman Portrait The Financial Secretary to the Treasury (Jesse Norman)
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Her Majesty’s Revenue and Customs will incur new expenditure in connection with the Government’s response to the covid-19 pandemic in 2021-22.

Parliamentary approval for additional resources of £7,792,000,000 for this new expenditure will be sought in a main estimate for Her Majesty’s Revenue and Customs.

Pending that approval, urgent expenditure estimated at £7,792,000,000 will be met by repayable cash advances from the Contingencies Fund.

Further requests to the Contingencies Fund may be made as necessary to fund covid-19 activity delivered by Her Majesty’s Revenue and Customs.

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