Skip to main content

Insolvency

Question for HM Treasury

UIN 37007, tabled on 10 May 2016

To ask Mr Chancellor of the Exchequer, how much HM Revenue and Customs has received related to insolvency procedures in each of the last five years.

Answered on

12 May 2016

HM Revenue and Customs (HMRC) only holds information about dividends paid for each of the last two years. In 2014/15 a total of £70.6m was received. In 2015/16 the figure was £74.5m. These figures represent dividends paid after a company or individual has been made insolvent. HMRC also receives payments in response to the initiation of insolvency proceedings and these payments are sometimes sufficient to allow HMRC to withdraw the proceedings. Data is not available about the amount received by way of these payments.

Answered by

Treasury