Thomas Cook: Insolvency

(asked on 17th October 2019) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what estimate they have made of the costs to the public arising from the collapse of Thomas Cook as a result of (1) the repatriation of passengers, and (2) the loss of tax revenues received from the company.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 31st October 2019

The costs of the repatriation are not yet finalised, but we are seeking to minimise the impact on government and taxpayers by recovering costs where appropriate through the ATOL scheme, credit card companies and travel insurance.

HMRC does not comment on the tax affairs of identifiable businesses.

Reticulating Splines