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1125877

	registered interest
	date	10/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Taxation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the incidence of the taxation of carried interest has been annually since 2005.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	252881
	answer	answer is ministerial correction date of answer 15/05/2019 answer text <p>I refer the Honourable Member to the answer that I gave on 23 April 2019 to PQ UIN 243571. In addition, since 6 April 2016 Income Tax has been levied on carried interest that relates to certain short term investments.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 15/05/2019 15:43:28 answering member 3935 label Biography information for Mel Stride
	tabling member	4657 label Biography information for Anneliese Dodds

1125878

	registered interest
	date	10/05/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Public Sector: Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many public sector organisations paid workers through disguised remuneration loans.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	252882
	answer	answer is ministerial correction date of answer 15/05/2019 answer text <p>Disguised remuneration (DR) loan schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. The loans are provided on terms that mean they are not repaid in practice, so they are no different to normal income and are, and always have been, taxable.</p><p> </p><p>Individuals, working for public bodies, identified in the course of HMRC’s compliance work as using a tax avoidance scheme would be investigated in the same way as any other scheme user.</p><p> </p><p>The Government estimates that around 50,000 individuals could be affected by the charge on DR loans. The charge applies to all users of DR tax avoidance schemes, it does not single out a specific group or industry. It is possible for individuals to use DR tax avoidance schemes without the participation or knowledge of the entity that engages them.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 15/05/2019 15:41:27 answering member 3935 label Biography information for Mel Stride
	tabling member	4657 label Biography information for Anneliese Dodds