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Written question asked by Baroness Doocey (Liberal Democrat) on Thursday, 17 October 2019, in the House of Lords. It was due for an answer on Thursday, 31 October 2019. It was answered by Baroness Vere of Norbiton (Conservative) on Thursday, 31 October 2019 on behalf of the Department for Transport.


Thomas Cook: Insolvency

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
HL188
Session
2019-19
Subjects
Costs Insolvency Passengers Repatriation Tax yields Thomas Cook
Contains statistics
Yes
Link
View this Written question on www.parliament.uk