Tessa Munt

Tessa Munt

Liberal Democrat — Wells and Mendip Hills

Speaking in the House of Commons on 18 June 2026

Debate

Business of the House

Contribution

May I raise the matter of repayments of overpaid corporation tax identified by His Majesty’s Revenue and Customs after a company has been dissolved? Businesses in my part of Somerset have had repayments, but they are not able to cash them; it is their money, but the business no longer exists, so effectively the cheque cannot be paid in, and the account has quite rightly been closed. Will the Leader of the House encourage the Chancellor to assess the current processes, including the transfer of such funds to the bona vacantia division, so that former shareholders of solvent but dissolved companies can recover funds in a way that is successful? That is particularly the case for small businesses.

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