Universal Credit

Department for Work and Pensions written question – answered on 9th June 2020.

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Photo of Neil Coyle Neil Coyle Labour, Bermondsey and Old Southwark

To ask the Secretary of State for Work and Pensions, whether accounting regulations prevent her Department classifying money provided in universal credit advance payments which are required to be paid back at a later date to be seen as loans.

Photo of Will Quince Will Quince The Parliamentary Under-Secretary of State for Work and Pensions

Advances are provided for in legislation as payments on account of future entitlement to benefit. They are accounted for accordingly.

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