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Baroness Bowles of Berkhamsted to ask Her Majesty's Government, further to the Written Answer by Lord Henley on 20 February 2018 (HL5467), whether the Financial Reporting Council (FRC) will make a statement to its levy payers that the charges it has levied were not required to be paid; and whether they will make an assessment of the impact of improper charging including (1) whether the practice of speculative invoicing has created grounds for full refunds in a similar way to which Payment Protection Insurance (PPI) mis-selling has, (2) whether such practices have affected tax deductibility of payments made given that voluntary payments may not be tax deductible, (3) additional legal issues that the FRC is considering, (4) whether the FRC’s own auditors have raised the matter as a concern, and (5) whether the amount received from Carillion plc by the FRC will be refunded to Carillion's liquidator.  HL5865

Question HL5865: tabled on 26 February 2018 and due for answer by 12 March 2018

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Question text

Baroness Bowles of Berkhamsted to ask Her Majesty's Government, further to the Written Answer by Lord Henley on 20 February 2018 (HL5467), whether the Financial Reporting Council (FRC) will make a statement to its levy payers that the charges it has levied were not required to be paid; and whether they will make an assessment of the impact of improper charging including (1) whether the practice of speculative invoicing has created grounds for full refunds in a similar way to which Payment Protection Insurance (PPI) mis-selling has, (2) whether such practices have affected tax deductibility of payments made given that voluntary payments may not be tax deductible, (3) additional legal issues that the FRC is considering, (4) whether the FRC’s own auditors have raised the matter as a concern, and (5) whether the amount received from Carillion plc by the FRC will be refunded to Carillion's liquidator.  HL5865
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Baroness Bowles of Berkhamsted
Liberal Democrat
Life peer