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.
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.