Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Mary Robinson Excerpts
Tuesday 26th January 2021

(3 years, 2 months ago)

Commons Chamber
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Jake Berry Portrait Jake Berry (Rossendale and Darwen) (Con)
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What fiscal steps his Department is taking to support businesses in Rossendale and Darwen constituency.

Mary Robinson Portrait Mary Robinson (Cheadle) (Con)
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What fiscal steps his Department is taking to support businesses affected by the covid-19 outbreak.

Rishi Sunak Portrait The Chancellor of the Exchequer (Rishi Sunak)
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The Government recognise the significant impact of coronavirus on businesses across every region and nation of the United Kingdom, and that is why we have put in place an unprecedented series of measures to provide support, whether that is through the coronavirus job retention scheme, tax cuts, tax deferrals, Government-backed loans or cash grants.

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Rishi Sunak Portrait Rishi Sunak
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I am very happy to join my right hon. Friend in congratulating the businesses he mentioned. We know that many manufacturers, especially those in his area, have worked very hard, particularly with regard to ventilators and personal protective equipment at a time of this country’s need. He is right to say that that should play a part in our recovery. One initiative I would point to, which I believe will be in and around his area, is the Made Smarter partnership between Government and high-value manufacturing, which seeks to foster innovation, digital adoption and the latest and greatest management processes. It seems to be working very well and I look forward to learning more about that initiative.

Mary Robinson Portrait Mary Robinson [V]
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Cheadle businesses that faced fines for failing to submit self-assessment returns by the end of this month will be relieved by yesterday’s announcement of an extension until the end of February, as that will remove a great deal of worry and anxiety from business owners who are already under great pressure. With the original deadline only a week away, what steps will the Department take to ensure that all businesses are aware of these changes?

Rishi Sunak Portrait Rishi Sunak
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As an accountant herself, my hon. Friend knows all too well the fantastic job that these people are doing, under enormous strain, at this current time. I know that, as she said, she warmly welcomes the announcement yesterday by Her Majesty’s Revenue and Customs to waive penalties until the end of February for late filers. She is right to say that we must make sure that everyone is aware of this, and we are doing everything we can, on all our channels of communication, to get this news to businesses. I ask other colleagues across this House to do exactly the same in their constituencies.