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1251409
unstar this property registered interest false more like this
star this property date less than 2020-11-12more like thismore than 2020-11-12
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading 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, whether HMRC holds information on the number of people subject to the Loan Charge who have stated that they received incorrect or no advice from advisors or promoters when they entered into those taxation schemes. more like this
star this property tabling member constituency Salford and Eccles more like this
star this property tabling member printed
Rebecca Long Bailey more like this
star this property uin 114921 remove filter
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2020-11-20more like thismore than 2020-11-20
star this property answer text <p>When working with taxpayers to reach a settlement, HM Revenue and Customs (HMRC) seek to clarify and confirm the relevant facts of each individual case with the taxpayer. To maintain a consistent approach, cases are settled in accordance with HMRC’s Litigation and Settlement Strategy, which requires that HMRC only settle for an amount that is consistent with the law. While the Government has sympathy for anyone who believes they were misled into using disguised remuneration schemes, it is an individual’s responsibility to ensure the accuracy of their tax return and to understand the consequences of their decisions.</p><p> </p><p>The Government will continue to tackle this type of tax avoidance and on 19 March 2020, HMRC published their strategy for tackling promoters of tax avoidance schemes. The strategy sets out HMRC’s work to date and outlines how HMRC will continue to take robust actions against promoters of tax avoidance. The Promoter Strategy is available on GOV.UK.</p><p> </p><p>The Government recognises the importance of taxpayers being able to get reliable tax advice which is competent, professional and trustworthy. In March 2020, the Government issued a call for evidence on raising standards in the tax advice market and has recently published a summary of responses and next steps. As a first step, the Government will consult on introducing a requirement for all tax advisers to hold professional indemnity insurance as a way of providing recourse, protecting taxpayers and raising standards in the tax advice market. The Government will also raise awareness of the HMRC standard for agents and review HMRC powers to enforce this standard.</p>
star this property answering member constituency Hereford and South Herefordshire remove filter
star this property answering member printed Jesse Norman more like this
star this property grouped question UIN
114920 more like this
114922 more like this
star this property question first answered
less than 2020-11-20T11:09:11.973Zmore like thismore than 2020-11-20T11:09:11.973Z
star this property answering member
3991
star this property label Biography information for Jesse Norman more like this
star this property tabling member
4396
unstar this property label Biography information for Rebecca Long Bailey more like this