Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1137542

registered interest
date	08/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	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 cost to the public purse of disapplying the 2019 Loan Charge to loans made before the Finance (No. 2) Act 2017 received Royal Assent.
tabling member constituency	Richmond Park
tabling member printed	Zac Goldsmith
uin	274513
answer	answer is ministerial correction date of answer 11/07/2019 answer text <p>An estimate of the cost of amending the loan charge to remove loans made before 2017 is not available. The loan charge was legislated in the Finance (No.2) Act 2017 and is part of a package which was estimated to yield £3.2 billion over five years.</p><p>HMRC have written directly to scheme users identified through their compliance work, IT records and tax return data. This includes individual scheme users, employers and company directors.</p><p> </p><p>In addition, HMRC have actively encouraged DR scheme users to come forward through their regular contact with taxpayers, and seek to increase awareness through their series of Spotlight publications, social media activity, and webinars.</p><p> </p><p>HMRC are not aware of any individuals affected whom they have not yet contacted.</p><p> </p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 274514 question first answered 11/07/2019 08:33:19 answering member 3991 label Biography information for Jesse Norman
tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1137543

registered interest
date	08/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	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 number of people affected by the 2019 Loan Charge that have not been contacted by HMRC.
tabling member constituency	Richmond Park
tabling member printed	Zac Goldsmith
uin	274514
answer	answer is ministerial correction date of answer 11/07/2019 answer text <p>An estimate of the cost of amending the loan charge to remove loans made before 2017 is not available. The loan charge was legislated in the Finance (No.2) Act 2017 and is part of a package which was estimated to yield £3.2 billion over five years.</p><p>HMRC have written directly to scheme users identified through their compliance work, IT records and tax return data. This includes individual scheme users, employers and company directors.</p><p> </p><p>In addition, HMRC have actively encouraged DR scheme users to come forward through their regular contact with taxpayers, and seek to increase awareness through their series of Spotlight publications, social media activity, and webinars.</p><p> </p><p>HMRC are not aware of any individuals affected whom they have not yet contacted.</p><p> </p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 274513 question first answered 11/07/2019 08:33:19 answering member 3991 label Biography information for Jesse Norman
tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park

1135588

registered interest
date	28/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he has plans to conduct an inquiry into the introduction of the 2019 Loan Charge.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	270800
answer	answer is ministerial correction date of answer 08/07/2019 answer text <p>The Government published a report into disguised remuneration schemes which considered the range of evidence available and can be found online at: <a href="http://www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge" target="_blank">www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge</a>. The Government would encourage anyone who is affected by the charge to contact HM Revenue and Customs (HMRC) and discuss their situation.</p><p> </p><p>HMRC have not made anybody bankrupt as a result of the 2019 Loan Charge. The information requested on how many people have declared themselves bankrupt as a result of the 2019 Loan Charge is not available.</p><p> </p><p>HMRC 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>The Government estimates that up to 50,000 individuals will be affected by the 2019 loan charge. Since the DR loan charge was announced, HMRC have already agreed around 6,000 settlements with employers and individuals, worth over £1 billion.</p><p> </p><p>Information on the number of people affected by the 2019 Loan Charge is not held at constituency, borough or regional level. Since November 2017, HMRC have been writing directly to individuals and employers who may be affected by the Disguised Remuneration (DR) loan charge. A breakdown of recipients by UK parliamentary constituency is available on <a href="http://gov.uk/" target="_blank">gov.uk</a> at: <a href="http://www.gov.uk/government/publications/disguised-remuneration-loan-charge-awareness-letters" target="_blank">www.gov.uk/government/publications/disguised-remuneration-loan-charge-awareness-letters</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 270801 270802 question first answered 08/07/2019 14:58:36 answering member 3991 label Biography information for Jesse Norman
tabling member	4243 label Biography information for Dan Jarvis

1135210

registered interest
date	27/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will undertake an investigation of the steps that HMRC has taken in respect of the application of the 2019 Loan Charge to people on low incomes.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	270356
answer	answer is ministerial correction date of answer 05/07/2019 answer text <p>Disguised Remuneration (DR) schemes are contrived arrangements that use loan payments in place of ordinary remuneration, usually through an offshore trust, with the purpose of avoiding income tax and National Insurance contributions.</p><p> </p><p>HM Revenue and Customs (HMRC) are building a dedicated team focused solely on working with those who may be struggling to pay the loan charge by the normal payment deadline. For those seeking to settle their DR liabilities, or to pay the loan charge, HMRC will work with any individuals, regardless of income, to reach a manageable and sustainable payment plan wherever possible. There are no maximum payment periods.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 05/07/2019 09:41:03 answering member 3991 label Biography information for Jesse Norman
tabling member	4056 label Biography information for Nic Dakin

1134863

registered interest
date	26/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many people with closed tax years are affected by the 2019 Loan Charge.
tabling member constituency	Scunthorpe
tabling member printed	Nic Dakin
uin	269719
answer	answer is ministerial correction date of answer 05/07/2019 answer text <p>The information you have requested is not available. HMRC are working through the settlement process with those Disguised Remuneration users who came forward to settle their tax affairs before 5 April 2019.</p><p> </p><p>Scheme users who chose not to repay the outstanding loan, or agree a settlement with HMRC, by 5 April 2019, are now liable for the loan charge and should report it as part of their 2018-19 tax liability.</p><p> </p><p>To date, no promoters of disguised remuneration (DR) schemes have been convicted of criminal offences related to DR schemes as such. There are no criminal offences specific to the promotion of mass marketed tax avoidance schemes but HMRC may conduct a criminal investigation into an individual’s actions when, for example, reliance is placed on a false or altered document, or if the material facts are misrepresented. In May, six individuals were arrested on suspicion of promoting fraudulent loan charge arrangements.</p><p> </p><p>Since the formation of HMRC’s Fraud Investigation Service on 1 April 2016, more than 20 individuals have been convicted for offences relating to arrangements which have been promoted and marketed as tax avoidance schemes, resulting in over 100 years in custodial sentences. A significant number of avoidance scheme promoters are currently under criminal investigation by HMRC.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 269723 question first answered 05/07/2019 09:18:01 answering member 3991 label Biography information for Jesse Norman
tabling member	4056 label Biography information for Nic Dakin

1134451

registered interest
date	25/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the effect of the 2019 Loan Charge on the (a) mental health and (b) livelihoods of people affected by that Charge.
tabling member constituency	Haltemprice and Howden
tabling member printed	Mr David Davis
uin	268968
answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Government published a report on the loan charge in March 2019. The report was required by section 95 of Finance Act 2019, but goes wider than the review set out in legislation, explaining the rationale for the charge and considering its impacts. The report also provides information on how HM Revenue and Customs (HMRC) support individuals affected by the loan charge including, where appropriate, referring individuals who need additional support to organisations such as Samaritans and Mind. The report is available online at:</p><p><a href="http://www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge" target="_blank">www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 01/07/2019 15:52:23 answering member 3991 label Biography information for Jesse Norman
tabling member	373 label Biography information for Sir David Davis

1134137

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will suspend the 2019 Loan Charge and associated settlements and launch an independent review of the effects of that charge on people subject to it; and if he will make a statement.
tabling member constituency	Crawley
tabling member printed	Henry Smith
uin	268454
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>Disguised remuneration schemes are contrived arrangements that use loan payments in place of ordinary remuneration, usually through an offshore trust, with the purpose of avoiding tax. These loans are no different to normal income in their purpose and effect, and HMRC’s position is that they are, and have always been, taxable.</p><p> </p><p>In accordance with an amendment to the Finance Act 2019, the Government published a report into disguised remuneration schemes. This can be found online at: <a href="http://www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge" target="_blank">www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge</a>. The Government has no plans to review the policy.</p><p> </p><p>HMRC offers a range of taxpayer support services, both directly and through independent organisations, and would strongly encourage anyone who is affected by the charge to contact them and discuss their situation.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 268338 question first answered 27/06/2019 14:59:55 answering member 3991 label Biography information for Jesse Norman
tabling member	3960 label Biography information for Henry Smith

1134289

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent estimate his Department has made of the numbers of (a) people with closed tax years who have been found liable for the 2019 Loan Charge and (b) promoters of loan schemes subject to the 2019 Loan Charge that have been convicted of criminal offences related to those loan charges.
tabling member constituency	New Forest East
tabling member printed	Dr Julian Lewis
uin	268336
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The information requested is not available. HMRC are working through the settlement process with those Disguised Remuneration users who came forward to settle their tax affairs before 5 April 2019.</p><p> </p><p>The loan charge was announced in Budget 2016, and scheme users who chose not to repay the outstanding loan or agree a settlement with HMRC by 5 April 2019 are now liable for the loan charge and should report it as part of their 2018-19 tax liability.</p><p> </p><p>To date, no promoters of disguised remuneration (DR) schemes have been convicted of criminal offences related to DR schemes. There are no criminal offences specific to the promotion of mass marketed tax avoidance schemes, but HMRC may conduct a criminal investigation into an individual’s actions when, for example, reliance is placed on a false or altered document, or if material facts are misrepresented. For example, last month six individuals were arrested on suspicion of promoting fraudulent loan charge arrangements.</p><p> </p><p>Since the formation of HMRC’s Fraud Investigation Service on 1 April 2016, more than 20 individuals have been convicted for offences relating to arrangements which have been promoted and marketed as tax avoidance schemes, resulting in over 100 years custodial sentences. A significant number of avoidance scheme promoters are currently under criminal investigation by HMRC.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 27/06/2019 16:15:47 answering member 3991 label Biography information for Jesse Norman
tabling member	54 label Biography information for Sir Julian Lewis

1134290

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the risk of suicide among people subject to the 2019 Loan Charge.
tabling member constituency	New Forest East
tabling member printed	Dr Julian Lewis
uin	268337
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government published a report on the loan charge in March 2019. The report was required by section 95 of Finance Act 2019, but goes wider than the review set out in legislation, explaining the rationale for the charge and considering its impacts. The report also provides information on how HM Revenue and Customs support those affected by the loan charge, including the introduction of a dedicated helpline. The report is available online at:</p><p><a href="http://www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge" target="_blank">www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 02/07/2019 15:47:44 answering member 3991 label Biography information for Jesse Norman
tabling member	54 label Biography information for Sir Julian Lewis

1134293

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tax Avoidance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will suspend the 2019 Loan Charge and associated settlements and launch an independent review of the effects of that charge on people subject to it; and if he will make a statement.
tabling member constituency	New Forest East
tabling member printed	Dr Julian Lewis
uin	268338
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>Disguised remuneration schemes are contrived arrangements that use loan payments in place of ordinary remuneration, usually through an offshore trust, with the purpose of avoiding tax. These loans are no different to normal income in their purpose and effect, and HMRC’s position is that they are, and have always been, taxable.</p><p> </p><p>In accordance with an amendment to the Finance Act 2019, the Government published a report into disguised remuneration schemes. This can be found online at: <a href="http://www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge" target="_blank">www.gov.uk/government/publications/report-on-time-limits-and-the-disguised-remuneration-loan-charge</a>. The Government has no plans to review the policy.</p><p> </p><p>HMRC offers a range of taxpayer support services, both directly and through independent organisations, and would strongly encourage anyone who is affected by the charge to contact them and discuss their situation.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 268454 question first answered 27/06/2019 14:59:55 answering member 3991 label Biography information for Jesse Norman
tabling member	54 label Biography information for Sir Julian Lewis