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1019804

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Health Professions: Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many (a) doctors and (b) nurses will be subject to the 2019 Loan Charge.
tabling member constituency	Westmorland and Lonsdale
tabling member printed	Tim Farron
uin	198777
answer	answer is ministerial correction date of answer 12/12/2018 answer text <p>Disguised Remuneration schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. When taking into account the loan they received, loan scheme users have on average twice as much income as the average UK taxpayer.</p><p> </p><p>HMRC data indicates that fewer than 3% of those affected work in medical services (doctors and nurses) and teaching. Further information can be found in HMRC’s issue briefing: <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><p> </p><p>HMRC is working hard to help individuals to get out of tax avoidance for good. HMRC does not want to make anybody bankrupt and very few cases ever reach that stage.</p><p> </p><p>HMRC has simplified the process for those who choose to settle their use of avoidance schemes before the charge arises, so that those earning less than £50,000 a year and no longer engaging in tax avoidance can agree a payment plan of up to five years without the need for detailed supporting information. There is no maximum period within which an overall settlement can be agreed, and HMRC will deal with individual cases appropriately and sympathetically.</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.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 198778 question first answered 12/12/2018 14:03:03 answering member 3935 label Biography information for Mel Stride
tabling member	1591 label Biography information for Tim Farron

1019806

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bankruptcy: Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the effect of the 2019 Loan Charge on the number of bankrupts.
tabling member constituency	Westmorland and Lonsdale
tabling member printed	Tim Farron
uin	198778
answer	answer is ministerial correction date of answer 12/12/2018 answer text <p>Disguised Remuneration schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions. When taking into account the loan they received, loan scheme users have on average twice as much income as the average UK taxpayer.</p><p> </p><p>HMRC data indicates that fewer than 3% of those affected work in medical services (doctors and nurses) and teaching. Further information can be found in HMRC’s issue briefing: <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><p> </p><p>HMRC is working hard to help individuals to get out of tax avoidance for good. HMRC does not want to make anybody bankrupt and very few cases ever reach that stage.</p><p> </p><p>HMRC has simplified the process for those who choose to settle their use of avoidance schemes before the charge arises, so that those earning less than £50,000 a year and no longer engaging in tax avoidance can agree a payment plan of up to five years without the need for detailed supporting information. There is no maximum period within which an overall settlement can be agreed, and HMRC will deal with individual cases appropriately and sympathetically.</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.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 198777 question first answered 12/12/2018 14:03:03 answering member 3935 label Biography information for Mel Stride
tabling member	1591 label Biography information for Tim Farron

1019818

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Social Services: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has made an estimate of the revenue that will accrue to the public purse from an age-related levy to pay for social care; and if he will make a statement.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	198890
answer	answer is ministerial correction date of answer 11/12/2018 answer text <p>The revenue raised by any new tax or levy would depend on the way it is designed, including how the tax base is defined, how the tax is structured, and the rate or rates of taxation applied to the base. It would also depend on the economic circumstances at the time the tax or levy is introduced.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 11/12/2018 10:42:43 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4471 label Biography information for Rachael Maskell

1020064

registered interest
date	04/12/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Works Loan Board
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what rates of interest the Public Works Loan Board charges to local authorities; what security, if any, it requires for such loans; and what are the normal repayment terms for its loans.
tabling member printed	Lord Lee of Trafford
uin	HL12038
answer	answer is ministerial correction date of answer 18/12/2018 answer text <p>The rates of interest charged on Public Works Loan Board (PWLB) loans are determined by the UK Debt Management Office (DMO) using a methodology specified by HM Treasury (HMT) in accordance with section 5 of the National Loans Act 1968.</p><p> </p><p>Under section 2 of the Public Works Loans Act 1965, loans to local authorities are automatically secured on all the revenues of the local authority.</p><p> </p><p>The repayment terms of the loans are dependent on the type of loan and repayment method. This can be a mix of principal and interest during the life of the loan, or interest only with the entire principal repaid at the end of the term.</p><p> </p> answering member printed Lord Bates question first answered 18/12/2018 16:32:19 answering member 1091 label Biography information for Lord Bates
tabling member	1132 label Biography information for Lord Lee of Trafford