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1023108
star this property registered interest false more like this
unstar this property date less than 2018-12-11more like thismore than 2018-12-11
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text What estimate he has made of the number of people who will be made bankrupt as a result of the 2019 Loan Charge. more like this
star this property tabling member constituency Richmond Park more like this
star this property tabling member printed
Zac Goldsmith more like this
star this property uin 908142 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-12-11more like thismore than 2018-12-11
star this property answer text <p>The Government recognises the charge on DR loans will have a significant impact on some people who have used schemes where loans were used to avoid paying tax on earnings.</p><p> </p><p>An impact assessment was published when the measure was announced at Budget 2016.</p><p> </p><p>HMRC wants to help people put things right and has an outstanding track record of helping people, but it can only help those who come forward.</p> more like this
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2018-12-11T17:37:22.403Zmore like thismore than 2018-12-11T17:37:22.403Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4062
unstar this property label Biography information for Lord Goldsmith of Richmond Park more like this
1019806
star this property registered interest false more like this
unstar this property date less than 2018-12-04more like thismore than 2018-12-04
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what estimate he has made of the effect of the 2019 Loan Charge on the number of bankrupts. more like this
star this property tabling member constituency Westmorland and Lonsdale more like this
star this property tabling member printed
Tim Farron more like this
star this property uin 198778 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-12-12more like thismore than 2018-12-12
star this property answer text <p>Disguised Remuneration schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. When taking into account the loan they received, loan scheme users have on average twice as much income as the average UK taxpayer.</p><p> </p><p>HMRC data indicates that fewer than 3% of those affected work in medical services (doctors and nurses) and teaching. Further information can be found in HMRC’s issue briefing: <a href="https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans" target="_blank">https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans</a>.</p><p> </p><p>HMRC is working hard to help individuals to get out of tax avoidance for good. HMRC does not want to make anybody bankrupt and very few cases ever reach that stage.</p><p> </p><p>HMRC has simplified the process for those who choose to settle their use of avoidance schemes before the charge arises, so that those earning less than £50,000 a year and no longer engaging in tax avoidance can agree a payment plan of up to five years without the need for detailed supporting information. There is no maximum period within which an overall settlement can be agreed, and HMRC will deal with individual cases appropriately and sympathetically.</p><p> </p><p>Since the announcement of the 2019 loan charge at Budget 2016, HMRC has agreed settlements on disguised remuneration schemes with employers and individuals of over 650 million pounds. More than 90% of this amount was collected from employers, with less than 10% from individuals.</p>
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property grouped question UIN 198777 more like this
star this property question first answered
less than 2018-12-12T14:03:03.747Zmore like thismore than 2018-12-12T14:03:03.747Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
1591
unstar this property label Biography information for Tim Farron more like this
1020397
star this property registered interest false more like this
unstar this property date less than 2018-12-05more like thismore than 2018-12-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what estimate he has made of the number of people will be made bankrupt as a result of the 2019 Loan Charge. more like this
star this property tabling member constituency North West Norfolk more like this
star this property tabling member printed
Sir Henry Bellingham more like this
star this property uin 199329 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-12-14more like thismore than 2018-12-14
star this property answer text <p>Disguised Remuneration schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. When taking into account the loan they received, loan scheme users have on average twice as much income as the average UK taxpayer.</p><p> </p><p>HMRC data indicates that fewer than 3% of those affected work in medical services (doctors and nurses) and teaching. Further information can be found in HMRC’s issue briefing: <a href="https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans" target="_blank">https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans/hmrc-issue-briefing-disguised-remuneration-charge-on-loans</a>.</p><p> </p><p>HMRC is working hard to help individuals to get out of tax avoidance for good. HMRC does not want to make anybody bankrupt and very few cases ever reach that stage.</p><p> </p><p>HMRC has simplified the process for those who choose to settle their use of avoidance schemes before the charge arises, so that those earning less than £50,000 a year and no longer engaging in tax avoidance can agree a payment plan of up to five years without the need for detailed supporting information. There is no maximum period within which an overall settlement can be agreed, and HMRC will deal with individual cases appropriately and sympathetically.</p><p> </p><p>Since the announcement of the 2019 loan charge at Budget 2016, HMRC has agreed settlements on disguised remuneration schemes with employers and individuals of over 650 million pounds. More than 90% of this amount was collected from employers, with less than 10% from individuals.</p><p> </p>
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property grouped question UIN 199328 more like this
star this property question first answered
less than 2018-12-14T13:52:55.82Zmore like thismore than 2018-12-14T13:52:55.82Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
1441
unstar this property label Biography information for Lord Bellingham more like this
1020871
star this property registered interest false more like this
unstar this property date less than 2018-12-07more like thismore than 2018-12-07
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what steps he has taken to ensure that those affected by the 2019 loan charge are not forced into bankruptcy by the repayments. more like this
star this property tabling member constituency Aberdeen South more like this
star this property tabling member printed
Ross Thomson more like this
star this property uin 200150 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-12-17more like thismore than 2018-12-17
star this property answer text <p>Disguised Remuneration (DR) schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. On average loan scheme users have twice as much income as the average UK taxpayer, when taking into account the loan they received.</p><p> </p><p>HMRC is working hard to help individuals get out of tax avoidance for good and are encouraging anyone who is concerned about their ability to pay to contact them as soon as possible to discuss their options. HMRC has set up a dedicated helpline for those wanting to settle their avoidance scheme use, and discuss payment options.</p><p> </p><p>HMRC does not want to make anybody bankrupt and very few cases ever reach that stage. They will work with all individuals to reach a manageable and sustainable payment plan wherever possible.</p><p> </p><p>HMRC has simplified the process for those who choose to settle their use of avoidance schemes before the loan charge arises, so that those earning less than £50,000 a year and are no longer engaging in tax avoidance can agree a payment plan of up to five years without the need for detailed supporting information. There is no maximum period within which an overall settlement can be agreed, and all individual cases will be dealt with appropriately and sympathetically.</p><p> </p><p>Since the announcement of the 2019 loan charge at Budget 2016, HMRC has agreed settlements on disguised remuneration schemes with employers and individuals of over 650 million pounds. More than 90% of this amount was collected from employers, with less than 10% from individuals.</p>
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2018-12-17T16:00:13.297Zmore like thismore than 2018-12-17T16:00:13.297Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
4599
unstar this property label Biography information for Ross Thomson more like this
1255519
star this property registered interest false more like this
unstar this property date less than 2020-11-25more like thismore than 2020-11-25
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of people who will declare bankruptcy as a result of the Loan Charge. more like this
star this property tabling member constituency Midlothian more like this
star this property tabling member printed
Owen Thompson more like this
star this property uin 120923 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2020-12-04more like thismore than 2020-12-04
star this property answer text <p>HMRC do not want to make anybody bankrupt, and insolvency is only ever considered as a last resort. HMRC will work with individuals to reach sustainable and manageable payment plans wherever possible. In line with current practice, HMRC will pause recovery action where a taxpayer has no ability to pay, until there is a significant change of circumstance.</p><p> </p><p>HMRC are not always the only creditor and some individuals may choose to enter insolvency themselves based on their overall financial position.</p><p> </p><p>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.</p><p> </p> more like this
star this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property grouped question UIN 120816 more like this
star this property question first answered
less than 2020-12-04T14:15:48.69Zmore like thismore than 2020-12-04T14:15:48.69Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
unstar this property tabling member
4482
unstar this property label Biography information for Owen Thompson more like this
1341868
star this property registered interest false more like this
unstar this property date less than 2021-06-29more like thismore than 2021-06-29
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what recent estimate he has made of the number of people who will declare bankruptcy as a result of the Loan Charge in 2021. more like this
star this property tabling member constituency Midlothian more like this
star this property tabling member printed
Owen Thompson more like this
star this property uin 24276 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-07-06more like thismore than 2021-07-06
star this property answer text <p>I refer the Honourable Member to the answer given on 23 June 2021 to UIN 16066.</p> more like this
star this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property question first answered
less than 2021-07-06T16:23:31.47Zmore like thismore than 2021-07-06T16:23:31.47Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
unstar this property tabling member
4482
unstar this property label Biography information for Owen Thompson more like this
1341869
star this property registered interest false more like this
unstar this property date less than 2021-06-29more like thismore than 2021-06-29
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, if he will take steps to ensure that HMRC does not enforce payment of the Charge or settlement sums by people facing bankruptcy as a result of the Loan Charge. more like this
star this property tabling member constituency Midlothian more like this
star this property tabling member printed
Owen Thompson more like this
star this property uin 24277 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-07-06more like thismore than 2021-07-06
star this property answer text <p>There are many reasons why someone might be facing bankruptcy, including as a result of a non-HMRC debt. Some individuals may choose to enter insolvency themselves based on their overall financial position. HMRC are therefore unable to determine if an individual is facing bankruptcy as a result of the Loan Charge specifically. However, HMRC only ever consider enforcement action as a last resort and will always attempt to engage in discussion with a taxpayer regarding payment, and where appropriate, agree a manageable payment arrangement based on individual circumstances. In addition, HMRC will only ever consider pursuing bankruptcy as a last resort, for example where the taxpayer is refusing to pay but has the ability to do so.</p> more like this
star this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property question first answered
less than 2021-07-06T16:25:18.64Zmore like thismore than 2021-07-06T16:25:18.64Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
unstar this property tabling member
4482
unstar this property label Biography information for Owen Thompson more like this
934361
star this property registered interest false more like this
unstar this property date less than 2018-07-03more like thismore than 2018-07-03
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what representations (a) his Department and (b) groups representing contractors have made on the establishment of a suicide prevention hotline to support people facing bankruptcy as a result of the 2019 Loan Charge. more like this
star this property tabling member constituency Birmingham, Hall Green more like this
star this property tabling member printed
Mr Roger Godsiff more like this
star this property uin 160062 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-07-11more like thismore than 2018-07-11
star this property answer text <p>The charge on disguised remuneration (DR) loans was introduced to tackle the use of DR tax avoidance schemes. These schemes are contrived arrangements that pay loans in place of ordinary remuneration to avoid Income Tax and National Insurance contributions. The loans are provided on terms that mean they are unlikely to be repaid, so they are no different to normal income and are, and always have been, taxable.</p><p> </p><p>The Government recognises that some people will face significant bills. HMRC wants to help people put things right and has an outstanding track record of helping people, but it can only help those who come forward.</p><p> </p><p>HMRC takes its duty of care very seriously for vulnerable people and people who are worried or anxious about their tax affairs. HMRC have guidance and training in place for their staff on how to provide support. HMRC has an existing dedicated line, which has been widely publicised, for those interested in getting out of avoidance schemes.</p><p> </p><p>The Government would urge anybody who is concerned about their ability to pay to contact HMRC as soon as possible. HMRC will consider all personal circumstances to agree a manageable and sustainable payment plan wherever possible.</p>
star this property answering member constituency Central Devon more like this
star this property answering member printed Mel Stride more like this
star this property question first answered
less than 2018-07-11T09:34:57.063Zmore like thismore than 2018-07-11T09:34:57.063Z
star this property answering member
3935
star this property label Biography information for Mel Stride more like this
unstar this property tabling member
304
unstar this property label Biography information for Mr Roger Godsiff more like this
1271618
star this property registered interest false more like this
unstar this property date less than 2020-12-16more like thismore than 2020-12-16
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, What estimate he has made of the number of people subject to the Loan Charge who have been declared bankrupt. more like this
star this property tabling member constituency East Londonderry more like this
star this property tabling member printed
Mr Gregory Campbell more like this
star this property uin 130647 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2021-01-11more like thismore than 2021-01-11
star this property answer text <p>No estimate of the number of individual bankruptcies has been made, although the original impact assessment acknowledges that there are likely to be some. The impact assessment can be found here: <a href="https://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update" target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update</a>.</p><p> </p><p>HMRC cannot provide an estimate for the number of people subject to the Loan Charge who have been declared bankrupt, as they could have been declared bankrupt for many reasons and not necessarily as a direct result of a Loan Charge liability. HMRC are not always the only creditor and some people may be 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> </p><p>HMRC only ever consider insolvency as a last resort, and encourage people to contact them 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.</p>
star this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property question first answered
less than 2021-01-11T14:58:11.03Zmore like thismore than 2021-01-11T14:58:11.03Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
unstar this property tabling member
1409
unstar this property label Biography information for Mr Gregory Campbell more like this
1255373
star this property registered interest false more like this
unstar this property date less than 2020-11-25more like thismore than 2020-11-25
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury remove filter
star this property hansard heading Bankruptcy: Tax Avoidance remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what estimate he has made of the number of people who will be declared bankrupt as a result of the implementation of the Loan Charge. more like this
star this property tabling member constituency Orkney and Shetland more like this
star this property tabling member printed
Mr Alistair Carmichael more like this
star this property uin 120816 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2020-12-04more like thismore than 2020-12-04
star this property answer text <p>HMRC do not want to make anybody bankrupt, and insolvency is only ever considered as a last resort. HMRC will work with individuals to reach sustainable and manageable payment plans wherever possible. In line with current practice, HMRC will pause recovery action where a taxpayer has no ability to pay, until there is a significant change of circumstance.</p><p> </p><p>HMRC are not always the only creditor and some individuals may choose to enter insolvency themselves based on their overall financial position.</p><p> </p><p>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.</p><p> </p> more like this
star this property answering member constituency Hereford and South Herefordshire more like this
star this property answering member printed Jesse Norman more like this
star this property grouped question UIN 120923 more like this
star this property question first answered
less than 2020-12-04T14:15:48.79Zmore like thismore than 2020-12-04T14:15:48.79Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
unstar this property tabling member
1442
unstar this property label Biography information for Mr Alistair Carmichael more like this