Question follow-through · 907503

Motor Vehicles: Credit

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the restriction on tax relief for banks' compensation payments for motor finance compensation payments.

answeredTreasury

About this written question

A written question asks a government minister for information in writing. Parliament publishes the question and any answer.

Answering body
Treasury
Tabled
21 Jan 2026
Target answer date
27 Jan 2026
Answer
27 Jan 2026 · 6 calendar days after tabling

Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.

More questions by this MP on Economy and business

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Recorded timeline

  1. 21 Jan 2026

    Question tabled

    To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the restriction on tax relief for banks' compensation payments for motor finance compensation payments.

  2. 27 Jan 2026

    Target answer date

    Date supplied by the official written-questions record.

  3. 27 Jan 2026

    Answer published

    We are monitoring the redress situation closely and want to see it resolved in an efficient way that provides certainty for consumers and firms.In line with international norms, companies generally obtain Corporation Tax deductions for compensation paymen...

Open official record

Official data retrieved 28 Sept 2026.

Later records

Possible follow-up questions

Strong links require the same MP, department and exact heading. Other same-department questions are shown as unreviewed candidates, not as confirmed follow-ups. No debate link is asserted unless a stable source relationship exists.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Individual Savings Accounts

27 Jan 2026 · To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of reforming the Lifetime ISA, rather than replacing it with a new product.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Individual Savings Accounts

27 Jan 2026 · To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact on saving behaviour and consumer confidence of existing Lifetime ISA users arising from the introduction of a new product to replace the Lifetime ISA.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Individual Savings Accounts

28 Jan 2026 · To ask the Chancellor of the Exchequer, what assessment her Department has made of the relative value for money of reforming the Lifetime ISA compared with introducing a new product to replace it.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Electronic Commerce: VAT

28 Jan 2026 · To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of extending online marketplace VAT liability rules to domestic sellers as a way to reduce fraud and close the tax gap.

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Tax Avoidance

20 Feb 2026 · To ask the Chancellor of the Exchequer, whether she has made an estimate of the (a) cost to HMRC of administering the Loan Charge since 2019 and (b) total amount recovered in that period; and what assessment she has made of the value for money of that pol

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Tax Avoidance

20 Feb 2026 · To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact on of the Loan Charge on individuals subject to it; and whether governance mechanisms are in place for people in serious financial and personal distres

Unreviewed candidateSame MP and department; topic relationship is unreviewed

Tax Avoidance

20 Feb 2026 · To ask the Chancellor of the Exchequer, what recent assessment her Department has made of the effectiveness of the Loan Charge in meeting its intended objectives; and whether she plans to review that policy.