Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to page 164 of the HM Revenue and Customs Annual Report and Accounts 2016-17, how frequently data on student loan recoveries made through the PAYE system using Real Time Information is passed to the Department for Education.
HM Revenue and Customs (HMRC) provides the Department for Education (DFE) with a ‘statement of account’ three times a year which give an estimate of total receipts DFE can expect at the end of the year based on repayments of student loans made via the tax system. DFE does not receive any borrower repayment information.