Thomas Cook: Insolvency:Written question - HL188

Q
Asked on: 17 October 2019
Department for Transport
Thomas Cook: Insolvency
Lords
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.
A
Answered on: 31 October 2019

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.

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