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1001954
registered interest false more like this
date remove filter
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Tax Avoidance more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Lewisham East more like this
tabling member printed
Janet Daby more like this
uin 188241 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-16more like thismore than 2018-11-16
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 more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-11-16T14:52:58.807Zmore like thismore than 2018-11-16T14:52:58.807Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
4698
label Biography information for Janet Daby more like this
1002027
registered interest false more like this
date remove filter
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Customs more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what steps his Department plans to take to help businesses manage (a) administrative and (b) tariff changes in UK customs after the UK leaves the EU. more like this
tabling member constituency Dundee East more like this
tabling member printed
Stewart Hosie more like this
uin 188056 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-16more like thismore than 2018-11-16
answer text <p>As a responsible Government we continue to prepare for a range of outcomes and we are looking closely at how to ensure that businesses are clear on what they need to do and have the support they need to be as prepared as they can be in the time available, whilst not undermining the benefits of an implementation period.</p><p> </p><p>HMRC has already published Technical Notices covering Customs, Excise and VAT procedures, and has written on no deal arrangements to the 145,000 UK business over the VAT threshold, who currently only trade with the EU. Later in the year we intend to provide more information on what businesses should do to prepare.</p> more like this
answering member constituency Central Devon more like this
answering member printed Mel Stride more like this
question first answered
less than 2018-11-16T14:55:00.55Zmore like thismore than 2018-11-16T14:55:00.55Z
answering member
3935
label Biography information for Mel Stride more like this
tabling member
1514
label Biography information for Stewart Hosie more like this
1002145
registered interest false more like this
date remove filter
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading A303 and Lower Thames Crossing: Private Finance Initiative more like this
house id 1 remove filter
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to the Answer of 5 November 2018 to Question 185590 on A303 and Lower Thames Crossing: Private Finance Initiative, whether private finance will be used for the upgrade of the A303 and the Lower Thames Crossing. more like this
tabling member constituency Walthamstow more like this
tabling member printed
Stella Creasy more like this
uin 188205 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-23more like thismore than 2018-11-23
answer text <p>The government is committed to increasing private investment in infrastructure through a range of models. The 2017 National Infrastructure and Construction Pipeline estimates that almost half of the UK’s £600 billion infrastructure pipeline is expected to be financed by the private sector.</p><p> </p><p>The Budget announced that the government will no longer use Private Finance 2 (the successor to the Private Finance Initiative) for new projects, as the model was inflexible and overly complex. Private finance will not be used for the upgrade of the A303 and the Lower Thames Crossing.</p> more like this
answering member constituency South West Norfolk more like this
answering member printed Elizabeth Truss more like this
question first answered
less than 2018-11-23T10:04:46.307Zmore like thismore than 2018-11-23T10:04:46.307Z
answering member
4097
label Biography information for Elizabeth Truss more like this
tabling member
4088
label Biography information for Stella Creasy more like this