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971352
unstar this property registered interest false more like this
star this property date less than 2018-09-10more like thismore than 2018-09-10
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 remove filter
star this property answering dept sort name Treasury more like this
star this property hansard heading Tax Avoidance more like this
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 limit disguised remuneration loan charges to loans entered into after the Finance Act 2017 received Royal Assent; and if he will make a statement. more like this
unstar this property tabling member constituency Cardiff West remove filter
star this property tabling member printed
Kevin Brennan more like this
unstar this property uin 172456 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 2018-09-13more like thismore than 2018-09-13
star this property answer text <p>The charge on disguised remuneration (DR) loans is targeted at artificial tax avoidance schemes where earnings were paid via a third party in the form of ‘loans’ which in reality were never repaid.</p><p> </p><p>DR scheme users took home almost all of their pay tax-free. However, despite the claims made by promoters, these schemes never worked and the amounts paid were always taxable under the law at the time.</p><p> </p><p>The Government has decided that the charge on DR loans is the right way to ensure that everybody pays the taxes they owe and contributes towards the public-funded services from which they benefit.</p><p> </p><p>Restricting the charge only to DR loans entered into after Finance Act 2017 received Royal Assent would not be fair to ordinary taxpayers, who have always paid the right amount of tax and have not engaged in tax avoidance schemes.</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 2018-09-13T15:15:30.963Zmore like thismore than 2018-09-13T15:15:30.963Z
star this property answering member
3935
unstar this property label Biography information for Mel Stride more like this
star this property tabling member
1400
star this property label Biography information for Kevin Brennan more like this