Start-up Companies: Tax Incentives

Debate between Lord Cromwell and Baroness Vere of Norbiton

Monday 29th April 2024 Lords Chamber

[Baroness Vere of Norbiton (Con)]

I think the noble Lord has conflated a number of issues there into one thing. HMRC is an enormous organisation that deals with many types of individuals and corporates. Companies can contact HMRC via the corporation tax helpline—that phone line has not been closed at all—where they can get general advice on R&D or on EIS.

HMRC has also set up non-statutory advance assurance services for both elements under debate today. It means that companies can get in touch with HMRC before they make an application to make sure that, when they do make an application, it gets through first time—and, as I said in my opening answer, HMRC is working to its aims.

[Lord Cromwell (CB)]

The noble Baroness told us earlier that small businesses occasionally go out of business—which I think is something of an understatement. In the last 25 years of these tax-supported schemes such as EIS, can she tell us what percentage of those businesses are still in business? If she does not have the data to hand, could she write to me?

[Baroness Vere of Norbiton (Con)]

I would very happily write to the noble Lord with that data; I do not have it to hand at the moment.

Driving Licences

Debate between Lord Cromwell and Baroness Vere of Norbiton

Monday 5th June 2023 Lords Chamber

[Baroness Vere of Norbiton (Con)]

The noble Baroness raises a very important point, and that leads back into the graduated learning scheme that we are looking at to ensure that new drivers have the opportunity to try out all sorts of different schemes. We are also looking at one of the interventions from the Driver2020 research, which is a logbook that will record the time and type of driving, including motorway driving. But there are some parts of the country where there are no motorways, so I think it is really important that all driving instructors think about the types of roads they are taking their candidates on to ensure variety.

[Lord Cromwell (CB)]

Is the noble Baroness aware that a root cause of the difficulty of getting a test is that the examiners, who are public servants, are all leaving to get better-paid jobs elsewhere?

[Baroness Vere of Norbiton (Con)]

It is the case that there have been some issues regarding retention at DVSA. However, I would also say that DVSA is looking to recruit an extra 300 driving examiners. We are looking at all of this carefully to ensure we have the full cohort of driving examiners available.