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1308481

	registered interest
	date	13/04/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the implementation of changes to the loan charge, what estimate he has made of the number of people that are (a) falling into debt and (b) declaring bankruptcy as a result of those changes; and what assessment he has made of the effect on the mental health of people affected by those changes.
	tabling member constituency	Coventry South
	tabling member printed	Zarah Sultana
	uin	180619
	answer	answer is ministerial correction date of answer 20/04/2021 answer text <p>No estimate can be provided for the number of people who have fallen into debt, or who have been declared bankrupt, as a result of the loan charge. Falling into debt or being declared bankrupt can occur for many reasons, not necessarily as a direct result of a loan charge liability.</p><p>HMRC are not always the only creditor; some individuals may fall into debt or are declared bankrupt as a result of a non-HMRC debt and some individuals may choose to enter insolvency themselves based on their overall financial position.</p><p>HMRC only ever consider insolvency as a last resort and encourage taxpayers to get in contact to agree the best way to settle their tax debts. Anyone who is worried about being able to pay what they owe is encouraged to get in touch with HMRC as soon as possible on 03000 599110. Where a taxpayer is unable to pay their debt in full HMRC will work with them to agree an instalment arrangement based on their individual financial circumstances, and there is no maximum length.</p><p>The Government recognises that tax burdens can add significant pressures. HMRC also recognise that some taxpayers need extra help because of their individual needs or circumstances. HMRC are committed to identifying and supporting taxpayers who need extra help with their tax affairs.</p><p>HMRC have signposted the extra help available to taxpayers in correspondence and on calls. Staff look out for indications that a taxpayer may need extra support, and where appropriate will transfer them to an Extra Support adviser who has the skills and knowledge needed to help them.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/04/2021 15:05:06 answering member 3991 label Biography information for Jesse Norman
	tabling member	4786 label Biography information for Zarah Sultana

1519050

	registered interest
	date	10/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will commission an independent review into the adequacy of the Government's loan charge policy.
	tabling member constituency	Bath
	tabling member printed	Wera Hobhouse
	uin	59120
	answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The 2019 Independent Loan Charge Review drew upon all the available evidence and expert advice to consider the appropriateness of the Loan Charge policy, and its impact on individuals, reflecting the main concerns that had been raised by MPs and campaigners. The Government accepted all but one of the twenty recommendations in the review.</p><p> </p><p>While there are no plans for a further independent review, the Government continues to look carefully at this issue to ensure that we provide taxpayers with all the support they need.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 18/10/2022 15:49:14 answering member 3912 label Biography information for Richard Fuller
	tabling member	4602 label Biography information for Wera Hobhouse

1519282

	registered interest
	date	10/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the revenue that will accrue to the Treasury from the loan charge.
	tabling member constituency	Bath
	tabling member printed	Wera Hobhouse
	uin	59970
	answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The Loan Charge was announced at Budget 2016 as part of a package of measures to tackle Disguised Remuneration (DR) tax avoidance. At Spring Statement 2022, this package was estimated to bring in an estimated overall Exchequer yield of £3.4 billion. The changes resulting from the 2019 independent review of the Loan Charge have reduced the Exchequer yield by an estimated £620 million.</p><p> </p><p>HMRC will go to the employer to settle the tax due or collect the Loan Charge in the first instance. Approximately 80 per cent of the £3.4 billion HMRC brought into charge through DR settlements between Budget 2016 and the end of March 2022 was from employers.</p><p> </p><p>However, liability for the tax is always that of the individual and HMRC will consider other options when collection from the employer is not possible, such as when the employer no longer exists or is based offshore. Parliament has provided a range of statutory powers allowing HMRC, in certain circumstances, to collect the amount due from the employee.</p><p> </p><p>HMRC’s lawyers considered all of these points when providing legal advice that informed this policy’s development.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller grouped question UIN 59061 question first answered 18/10/2022 15:48:38 answering member 3912 label Biography information for Richard Fuller
	tabling member	4602 label Biography information for Wera Hobhouse

1518957

	registered interest
	date	10/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether HMRC has received legal advice on the pursuit of (a) employees and (b) employers for the use of loan schemes.
	tabling member constituency	Bath
	tabling member printed	Wera Hobhouse
	uin	59061
	answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The Loan Charge was announced at Budget 2016 as part of a package of measures to tackle Disguised Remuneration (DR) tax avoidance. At Spring Statement 2022, this package was estimated to bring in an estimated overall Exchequer yield of £3.4 billion. The changes resulting from the 2019 independent review of the Loan Charge have reduced the Exchequer yield by an estimated £620 million.</p><p> </p><p>HMRC will go to the employer to settle the tax due or collect the Loan Charge in the first instance. Approximately 80 per cent of the £3.4 billion HMRC brought into charge through DR settlements between Budget 2016 and the end of March 2022 was from employers.</p><p> </p><p>However, liability for the tax is always that of the individual and HMRC will consider other options when collection from the employer is not possible, such as when the employer no longer exists or is based offshore. Parliament has provided a range of statutory powers allowing HMRC, in certain circumstances, to collect the amount due from the employee.</p><p> </p><p>HMRC’s lawyers considered all of these points when providing legal advice that informed this policy’s development.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller grouped question UIN 59970 question first answered 18/10/2022 15:48:37 answering member 3912 label Biography information for Richard Fuller
	tabling member	4602 label Biography information for Wera Hobhouse

1518954

	registered interest
	date	10/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the potential impact of the Loan Charge on (a) staff, (b) administration, (c) legal advice and (d) consultancy costs for businesses since the implementation of that scheme.
	tabling member constituency	Bath
	tabling member printed	Wera Hobhouse
	uin	59053
	answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>The impact of the Loan Charge on businesses was considered as part of the 22 November 2017 Tax Information and Impact Note (TIIN).</p><p> </p><p>The TIIN assessed that the Loan Charge would only affect businesses engaging in avoidance schemes and would have no impact on the administrative burdens of compliant businesses undertaking normal commercial transactions.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 18/10/2022 13:01:03 answering member 3912 label Biography information for Richard Fuller
	tabling member	4602 label Biography information for Wera Hobhouse

1519283

	registered interest
	date	10/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much of the tax HMRC believes was avoided through disguised remuneration schemes will be paid by those who (a) recommended, (b) promoted and (c) operated those schemes.
	tabling member constituency	Bath
	tabling member printed	Wera Hobhouse
	uin	59971
	answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>Disguised remuneration (DR) avoidance schemes seek to avoid tax that is due from those that use them, so action to counteract this involves a tax charge on the scheme user, rather than the promoter or enablers of such schemes.</p><p> </p><p>Where the user was employed, HMRC will go to the employer to settle the tax due or collect the Loan Charge in the first instance. Where collection from an employer is not possible, such as when the employer no longer exists or is based offshore, HMRC considers other options to collect the tax due. Approximately 80 per cent of the £3.4 billion HMRC brought into charge through DR settlements between Budget 2016 and the end of March 2022 was from employers.</p><p> </p><p>The Government and HMRC are committed to tackling promoters and enablers of tax avoidance schemes. HMRC can charge enablers of defeated tax avoidance schemes penalties of up to 100 per cent of the fees earned, and legislation included in Finance Acts 2021 and 2022 strengthens and accelerates this power and other measures to tackle promoters and enablers. The First-Tier Tribunal has recently imposed a penalty on a promoter for failing to disclose a scheme under the Disclosure of Tax Avoidance Schemes (DOTAS) regime in excess of £1 million.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller grouped question UIN 59955 question first answered 18/10/2022 12:44:37 answering member 3912 label Biography information for Richard Fuller
	tabling member	4602 label Biography information for Wera Hobhouse

1518956

	registered interest
	date	10/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many (a) promoters and (b) operators of schemes now subject to the loan charge have been prosecuted for (i) promoting and (ii) operating those schemes.
	tabling member constituency	Bath
	tabling member printed	Wera Hobhouse
	uin	59066
	answer	answer is ministerial correction date of answer 18/10/2022 answer text <p>I refer my hon. Friend to the answer that was given on 3 November 2021 to the Question UIN 62867: <a href="https://questions-statements.parliament.uk/written-questions/detail/2021-10-25/62867" target="_blank">https://questions-statements.parliament.uk/written-questions/detail/2021-10-25/62867</a>.</p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 18/10/2022 12:40:21 answering member 3912 label Biography information for Richard Fuller
	tabling member	4602 label Biography information for Wera Hobhouse

1174950

	registered interest
	date	30/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department plans to take to prevent the promotion of Disguised Remuneration schemes in response to Sir Amyas Morse's review of the Loan Charge.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	10430
	answer	answer is ministerial correction date of answer 07/02/2020 answer text I refer the Honourable Member to my response of 30 January 2020 to parliamentary question UIN 8422 which is available at:<p> </p><p><a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2020-01-27/8422/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2020-01-27/8422/</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 07/02/2020 10:07:13 answering member 3991 label Biography information for Jesse Norman
	tabling member	4518 label Biography information for Tulip Siddiq

1173514

	registered interest
	date	27/01/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many individuals (a) in total and (b) per parliamentary constituency will HMRC directly notify of the changes to the application of the loan charge.
	tabling member constituency	Batley and Spen
	tabling member printed	Tracy Brabin
	uin	8420
	answer	answer is ministerial correction date of answer 30/01/2020 answer text <p>On 20 December 2019, the Government published the Independent Review of the Loan Charge and the Government’s response to the Review. The Government accepted all but one of the Review’s recommendations.</p><p> </p><p>HM Revenue and Customs (HMRC) are writing to around 50,000 individuals directly to notify them of the outcome of the review, setting out what it means for the individual and the next steps for them. Information is not currently available at constituency level for these individuals.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 30/01/2020 13:09:21 answering member 3991 label Biography information for Jesse Norman
	tabling member	4588 label Biography information for Tracy Brabin

1625219

	registered interest
	date	02/05/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many businesses have been penalised for marketing or promoting schemes subject to the loan charge as of 2 May 2023.
	tabling member constituency	Chipping Barnet
	tabling member printed	Theresa Villiers
	uin	183346
	answer	answer is ministerial correction date of answer 09/05/2023 answer text A key part of HM Revenue &amp; Customs’ (HMRC) 2020 strategy for tackling promoters of tax avoidance schemes, such as disguised remuneration (DR) schemes that are within scope of the Loan Charge, is to change their behaviour so that they stop this activity altogether.<p> </p><p> </p>HMRC uses a wide range of civil and criminal measures to tackle those who promote tax avoidance. For example, Finance Acts 2021 and 2022 provided HMRC with powers to publish the details of avoidance schemes and those who promote or operate them, in order to support taxpayers in identifying these schemes so they can steer clear or exit them.<p> </p><p> </p>HMRC has started to issue stop notices to promoters under the Promoters of Tax Avoidance Schemes legislation. These require them to stop promoting the tax avoidance scheme specified in the notice. Penalties of up to £1 million can be issued for failure to comply. In 2022, the First-Tier Tribunal imposed a penalty in excess of £1 million on a promoter for failing to disclose a scheme under the Disclosure of Tax Avoidance Schemes regime.<p> </p><p> </p>As a result of the action the Government has taken to clamp down on marketed tax avoidance, a number of major promoters have now cooperated with HMRC and have either stopped selling schemes or ceased business altogether, and the estimated tax gap from marketed avoidance sold primarily to individuals, has fallen from an estimated £1.5 billion in 2005-2006 to £0.4 billion in 2020-2021. answering member constituency Louth and Horncastle answering member printed Victoria Atkins question first answered 09/05/2023 16:02:36 answering member 4399 label Biography information for Victoria Atkins
	tabling member	1500 label Biography information for Theresa Villiers