Written Question·Treasury·UIN 907503
Motor Vehicles: Credit
Tabled: 21 January 2026
Answered: 27 January 2026
Named DayQuestion
Bobby Dean
Liberal Democrat — Carshalton and Wallington
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.
Answer
Lucy RigbyWe 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...
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