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1007007

registered interest
date	14/11/2018
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 revenue has accrued to the public purse since 2011 from preventing individuals and companies using accounting derecognition rules in relation to loans and derivatives to avoid paying corporation tax.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	191458
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Legislation was introduced with effect from 6 December 2010 to address avoidance schemes under which profits were said to fall out of account, or tax relief for losses were claimed, as a result of the way in which financial assets were recognised in accounts. Since that date, existing schemes have been unwound and there have been no further known iterations of these schemes. The measure has therefore been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:35:42 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

1007010

registered interest
date	14/11/2018
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 revenue has accrued to the public purse since 2011 through the prevention of tax avoidance resulting from the creation for corporate investors of a credit for UK tax where no tax has been paid.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	191459
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Legislation was introduced with effect from 27 February 2012 to address a tax avoidance scheme which sought to obtain tax credits for a corporate investor in relation to distributions made by an Authorised Investment Fund where no underlying tax had in fact been suffered. Separately, legislation was introduced with effect from 15 September 2011 to address tax avoidance which sought to obtain a tax advantage in relation to manufactured overseas dividends, involving claims to repay or set-off withholding tax which had not actually been suffered.</p><p> </p><p>Since these measures were introduced, there have been no known further iterations of these avoidance schemes. They have therefore been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:49:21 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

1007013

registered interest
date	14/11/2018
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 revenue has accrued to the public purse since 2011 from enabling HMRC to require a security from employers where there is a serious risk that tax due under PAYE or class 1 NICs will go unpaid.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	191460
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>HMRC do not measure revenue accruals from Security payments relating to PAYE and/or NICs as this type of intervention is a deposit in absolute terms, which is either used against unpaid liabilities as may be appropriate, or returned to the customer once the risk of non- payment has been reasonably mitigated; therefore the deposits are not additional monies outside of any such liability.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:55:36 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

1007014

registered interest
date	14/11/2018
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 revenue has accrued to the public purse since 2011 from the (a) introduction of anti-avoidance measures which have modified tax rules that apply to overseas life insurance companies and (b) application of the transfer of business rules when non-profit business is transferred to a non-EEA country.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	191461
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Legislation was introduced following the 2010 Summer Budget to counter an avoidance scheme involving the transfer of insurance business with unrecognised profits. HM Revenue and Customs (HMRC) is not aware of any instances of this avoidance entered into after the legislation was announced, but it is not possible to say how much tax would otherwise have been lost.</p><p>The changes referred to in the question relating to overseas life insurance companies and to transfers of business to non-EEA countries, also proposed in the 2010 Summer Budget, were not anti-avoidance measures. Subsequently Ministers decided not proceed with these measures so HMRC and industry could focus on the substantial changes to the tax rules for life insurance companies introduced in Finance Act 2012.</p><p> </p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:52:56 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

1007030

registered interest
date	14/11/2018
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 revenue has accrued to the public purse since 2013 from the introduction of anti-avoidance measures related to the introduction of a General Anti-Abuse Rule.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	191462
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The General Anti-Abuse Rule (GAAR), introduced in 2013, is expected to raise £235m. The success of the GAAR should not be measured by how much it is expected to raise or the number of times the rule has been invoked.</p><p> </p><p>The principle purpose of the GAAR is to deter taxpayers from entering into abusive tax arrangements in the first place, and initial evidence suggests that GAAR is having this effect. Before HMRC can use the GAAR, it must first refer the case to the GAAR Advisory Panel, an external body separate to HMRC. To date the GAAR Advisory Panel has agreed with HMRC’s view on all cases referred to them. Their opinions are published on GOV.UK.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:42:11 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd

1001954

registered interest
date	05/11/2018
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 assessment he has made of the effect of the 2019 Loan Charge on individuals that had made financial plans on the basis of previous arrangements; and what support he is able to provide to those individuals.
tabling member constituency	Lewisham East
tabling member printed	Janet Daby
uin	188241
answer	answer is ministerial correction date of answer 16/11/2018 answer text <p>The charge on disguised remuneration (DR) loans is targeted at artificial tax avoidance schemes where earnings were paid in the form of loans, often made by an offshore third party. These loans are not repaid in practice and so are no different to ordinary income and are, and always have been, taxable.</p><p> </p><p>It is unfair to ordinary taxpayers to let anybody continue to benefit from contrived tax avoidance of this sort, and that is why this government has taken action to ensure that everybody pays the taxes they owe. The charge, announced at Budget 2016, will arise on 5 April 2019. By then affected users will have had three years to organise their financial affairs.</p><p> </p><p>The Government recognises the charge on DR loans will have a significant impact on some individuals who have used DR schemes, particularly those who used them to avoid the most tax.</p><p> </p><p>HM Revenue and Customs (HMRC) are working to help people put things right. HMRC have published a simplified process for DR scheme users to spread payment of the tax they owe over 5 years if their current income is less than £50,000, and they are no longer in avoidance. Those with higher incomes or who need to pay over a longer period can also request extended payment periods, which will be tailored to individual circumstances. Anyone who is worried about being able to pay what they owe should contact HMRC as soon as possible.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 16/11/2018 14:52:58 answering member 3935 label Biography information for Mel Stride
tabling member	4698 label Biography information for Janet Daby

999205

registered interest
date	31/10/2018
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 assessment he has made of the effect on people affected by the 2019 Loan Charge.
tabling member constituency	Welwyn Hatfield
tabling member printed	Grant Shapps
uin	186275
answer	answer is ministerial correction date of answer 05/11/2018 answer text <p>Disguised Remuneration (DR) loan schemes are contrived arrangements that pay loans in place of ordinary remuneration to avoid income tax and National Insurance contributions. The Government estimates that up to 50,000 individuals will be affected by the 2019 loan charge. The loan charge applies to all users of DR tax avoidance schemes. It does not single out a specific group or industry, such as contractors or doctors. HMRC data indicates that fewer than 3% of those affected work in medical services (doctors and nurses) or teaching. If scheme users repay the loan or agree a settlement for the tax that they owe with HMRC, they will not face the charge.</p><p> </p><p>The latest tax information and impact note (TIIN) can be found at: <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>Further information can be found in the Government’s issue briefing at: <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> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 186276 question first answered 05/11/2018 17:19:19 answering member 3935 label Biography information for Mel Stride
tabling member	1582 label Biography information for Grant Shapps

997696

registered interest
date	30/10/2018
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 proportion of the £3.2 billion that the Loan Charge 2019 is estimated to raise for the public purse by 2021 is projected to be recovered from scheme providers.
tabling member constituency	Ribble Valley
tabling member printed	Mr Nigel Evans
uin	185525
answer	answer is ministerial correction date of answer 07/11/2018 answer text <p>The Government estimates that £3.2 billion from the loan charge policy will be collected from scheme users who can be employers or individuals. 75% of the estimated amount is expected from employers and 25% from individuals.</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. If scheme users repay the loan or agree a settlement for the tax that they owe with HMRC, they will not face the charge.</p><p> </p><p> </p><p>Providers or promoters of tax avoidance schemes are not liable for the loan charge unless they themselves have used arrangements caught by the legislation. HMRC pursues those who promote or enable tax avoidance schemes to ensure that nobody profits from selling avoidance.</p><p><strong> </strong></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 185526 185527 185528 question first answered 07/11/2018 16:03:20 answering member 3935 label Biography information for Mel Stride
tabling member	474 label Biography information for Mr Nigel Evans

997702

registered interest
date	30/10/2018
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 proportion of the £3.2 billion that the Loan Charge 2019 is estimated to raise for the public purse by 2021 is projected to be recovered from scheme users.
tabling member constituency	Ribble Valley
tabling member printed	Mr Nigel Evans
uin	185526
answer	answer is ministerial correction date of answer 07/11/2018 answer text <p>The Government estimates that £3.2 billion from the loan charge policy will be collected from scheme users who can be employers or individuals. 75% of the estimated amount is expected from employers and 25% from individuals.</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. If scheme users repay the loan or agree a settlement for the tax that they owe with HMRC, they will not face the charge.</p><p> </p><p> </p><p>Providers or promoters of tax avoidance schemes are not liable for the loan charge unless they themselves have used arrangements caught by the legislation. HMRC pursues those who promote or enable tax avoidance schemes to ensure that nobody profits from selling avoidance.</p><p><strong> </strong></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 185525 185527 185528 question first answered 07/11/2018 16:03:20 answering member 3935 label Biography information for Mel Stride
tabling member	474 label Biography information for Mr Nigel Evans

997709

registered interest
date	30/10/2018
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 money has been recovered for the public purse from scheme providers as a result of settlements relating to the Loan Charge 2019.
tabling member constituency	Ribble Valley
tabling member printed	Mr Nigel Evans
uin	185527
answer	answer is ministerial correction date of answer 07/11/2018 answer text <p>The Government estimates that £3.2 billion from the loan charge policy will be collected from scheme users who can be employers or individuals. 75% of the estimated amount is expected from employers and 25% from individuals.</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. If scheme users repay the loan or agree a settlement for the tax that they owe with HMRC, they will not face the charge.</p><p> </p><p> </p><p>Providers or promoters of tax avoidance schemes are not liable for the loan charge unless they themselves have used arrangements caught by the legislation. HMRC pursues those who promote or enable tax avoidance schemes to ensure that nobody profits from selling avoidance.</p><p><strong> </strong></p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 185525 185526 185528 question first answered 07/11/2018 16:03:20 answering member 3935 label Biography information for Mel Stride
tabling member	474 label Biography information for Mr Nigel Evans