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registered interest false more like this
date less than 2019-09-02more like thismore than 2019-09-02
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Bankruptcy: Tax Avoidance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what estimate he has made of the number of individuals who will declare bankruptcy because they cannot pay the 2019 Loan Charge. more like this
tabling member constituency Romford remove filter
tabling member printed
Andrew Rosindell more like this
uin 284842 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2019-09-09more like thismore than 2019-09-09
answer text <p>The Government has recognised the need to support those affected by the disguised remuneration loan charge and has put extra resources in place. In particular, HM Revenue and Customs (HMRC) have opened a disguised remuneration helpline so people affected by the loan charge can discuss their affairs with a specialist team. The team can also offer additional support where needed and direct people to organisations including Samaritans and Mind.</p><p> </p><p>The Government published a tax information and impact note (TIIN) for this policy, in common with all new tax legislation. This provided a clear explanation of the policy objective together with details of the effect on the Exchequer, the economy, individuals, businesses, civil society organisations, as well as any equality or other specific area of impact.</p><p> </p><p>HMRC work hard to help people manage their tax affairs. HMRC does not want to make anyone bankrupt and very few cases ever reach that stage. HMRC have made clear they will work with individuals to reach sustainable and manageable payment plans wherever possible. Anybody who is worried about being able to pay what they owe should get in touch with HMRC.</p><p> </p><p>As the Prime Minister has announced, the Government will undertake a thorough review of the loan charge and will set out further details shortly.</p>
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
grouped question UIN
285127 more like this
285223 more like this
question first answered
less than 2019-09-09T13:37:31.743Zmore like thismore than 2019-09-09T13:37:31.743Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
1447
label Biography information for Andrew Rosindell more like this