Economic Update Debate

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Department: HM Treasury
Tuesday 17th March 2020

(4 years, 1 month ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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I shall be happy to look at that suggestion. The hon. Lady also asked a specific question about VAT on postponed accounting. I am actively considering that, in terms of when we are scheduled to introduce it and whether it could be improved.

Darren Henry Portrait Darren Henry (Broxtowe) (Con)
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Small businesses in my constituency will welcome their eligibility for grants of £10,000, up from £3,000 last week. How will they receive information on how to gain access to those funds, if, indeed, they qualify?

Rishi Sunak Portrait Rishi Sunak
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If those businesses are already receiving small business rate relief, that will be known to the local authorities, which will shortly be writing to them to request their financial details so that they can process the grant payments. If businesses have not heard in short order, they can get in touch with their local authorities.