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1007007

	registered interest
	date	14/11/2018
	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 much revenue has accrued to the public purse since 2011 from preventing individuals and companies using accounting derecognition rules in relation to loans and derivatives to avoid paying corporation tax.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	191458
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Legislation was introduced with effect from 6 December 2010 to address avoidance schemes under which profits were said to fall out of account, or tax relief for losses were claimed, as a result of the way in which financial assets were recognised in accounts. Since that date, existing schemes have been unwound and there have been no further known iterations of these schemes. The measure has therefore been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:35:42 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1007010

	registered interest
	date	14/11/2018
	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 much revenue has accrued to the public purse since 2011 through the prevention of tax avoidance resulting from the creation for corporate investors of a credit for UK tax where no tax has been paid.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	191459
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Legislation was introduced with effect from 27 February 2012 to address a tax avoidance scheme which sought to obtain tax credits for a corporate investor in relation to distributions made by an Authorised Investment Fund where no underlying tax had in fact been suffered. Separately, legislation was introduced with effect from 15 September 2011 to address tax avoidance which sought to obtain a tax advantage in relation to manufactured overseas dividends, involving claims to repay or set-off withholding tax which had not actually been suffered.</p><p> </p><p>Since these measures were introduced, there have been no known further iterations of these avoidance schemes. They have therefore been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:49:21 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1007013

	registered interest
	date	14/11/2018
	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 much revenue has accrued to the public purse since 2011 from enabling HMRC to require a security from employers where there is a serious risk that tax due under PAYE or class 1 NICs will go unpaid.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	191460
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>HMRC do not measure revenue accruals from Security payments relating to PAYE and/or NICs as this type of intervention is a deposit in absolute terms, which is either used against unpaid liabilities as may be appropriate, or returned to the customer once the risk of non- payment has been reasonably mitigated; therefore the deposits are not additional monies outside of any such liability.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:55:36 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1007014

	registered interest
	date	14/11/2018
	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 much revenue has accrued to the public purse since 2011 from the (a) introduction of anti-avoidance measures which have modified tax rules that apply to overseas life insurance companies and (b) application of the transfer of business rules when non-profit business is transferred to a non-EEA country.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	191461
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>Legislation was introduced following the 2010 Summer Budget to counter an avoidance scheme involving the transfer of insurance business with unrecognised profits. HM Revenue and Customs (HMRC) is not aware of any instances of this avoidance entered into after the legislation was announced, but it is not possible to say how much tax would otherwise have been lost.</p><p>The changes referred to in the question relating to overseas life insurance companies and to transfers of business to non-EEA countries, also proposed in the 2010 Summer Budget, were not anti-avoidance measures. Subsequently Ministers decided not proceed with these measures so HMRC and industry could focus on the substantial changes to the tax rules for life insurance companies introduced in Finance Act 2012.</p><p> </p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:52:56 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1007030

	registered interest
	date	14/11/2018
	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 much revenue has accrued to the public purse since 2013 from the introduction of anti-avoidance measures related to the introduction of a General Anti-Abuse Rule.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	191462
	answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The General Anti-Abuse Rule (GAAR), introduced in 2013, is expected to raise £235m. The success of the GAAR should not be measured by how much it is expected to raise or the number of times the rule has been invoked.</p><p> </p><p>The principle purpose of the GAAR is to deter taxpayers from entering into abusive tax arrangements in the first place, and initial evidence suggests that GAAR is having this effect. Before HMRC can use the GAAR, it must first refer the case to the GAAR Advisory Panel, an external body separate to HMRC. To date the GAAR Advisory Panel has agreed with HMRC’s view on all cases referred to them. Their opinions are published on GOV.UK.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 19/11/2018 15:42:11 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1023961

	registered interest
	date	12/12/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Motor Vehicles: VAT
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much money has accrued to the public purse as a result of the introduction of VAT anti-avoidance measures on imported road vehicles since 2011.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	201704
	answer	answer is ministerial correction date of answer 17/12/2018 answer text <p>The Notification of Vehicle Arrivals (NOVA) system was introduced on 15 April 2013 and was designed to reduce VAT evasion when road vehicles are permanently imported into the UK from the European Union.</p><p> </p><p>The expected Exchequer revenue from this measure was set out in Table 2.2 of Budget 2013:</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/221901/budget2013_table2-2_previous_measures_with_effect_april2013.xls" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/221901/budget2013_table2-2_previous_measures_with_effect_april2013.xls</a></p><p> </p><p>In 2014 HMRC evaluated the yield from this measure following the first year of operation of the system. The conclusion was that the scheme has been successful in reducing evasion as intended, and that the projections made at Budget 2013 remained the best estimate of the revenue yield.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 17/12/2018 16:32:06 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1023962

	registered interest
	date	12/12/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Stamp Duty Land Tax: Tax Avoidance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much has been accrued to the public purse as a result of the introduction of anti-avoidance measures in relation to Stamp Duty Land Tax since 2011.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	201705
	answer	answer is ministerial correction date of answer 17/12/2018 answer text <p>Stamp Duty Land Tax (SDLT) legislation was introduced with effect from 21 March 2012 to address the enveloping of high value residential property in corporate wrappers. In addition, from 1April 2013 the Government introduced the Annual Tax on Enveloped Dwellings (ATED). The table attached shows the annual revenue from the 15% rate of SDLT and ATED between 2012/13 and 2017/18.</p><p> </p><p>Separately, legislation was introduced with effect from 24 March 2011 and 21 March 2013 to tackle avoidance schemes involving the sub-sale rules, provisions on exchanges of property and Alternative Property Finance relief.</p><p> </p><p>Since these measures were introduced there have been no further iterations of these schemes. They have therefore been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 17/12/2018 16:36:01 answering member 3935 label Biography information for Mel Stride attachment 1 file name Support table for PQ 201705 - Peter Dowd.docx title Table as mentioned in answer
	tabling member	4397 label Biography information for Peter Dowd

1023963

	registered interest
	date	12/12/2018
	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 much revenue has accrued to the public purse from anti-avoidance measures to tackle disguised remuneration since 2011.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	201706
	answer	answer is ministerial correction date of answer 17/12/2018 answer text <p>Disguised Remuneration (DR) schemes are contrived arrangements that pay loans in place of ordinary remuneration with the sole purpose of avoiding income tax and National Insurance contributions.</p><p> </p><p>The Government introduced legislation in 2011 to target arrangements intended to disguise remuneration, which were forecast to raise £3.8bn. At Budget 2016, the Government announced a package of changes, including the charge on disguised remuneration (DR) loans, which are estimated to raise £3.2 billion for the Exchequer by 2021. Further information can be found in the ‘Disguised remuneration: further update’ policy paper, published on 22 November 2017: <a href="http://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update" target="_blank">www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update</a>.</p><p> </p><p>Since the announcement of the charge on DR loans, 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. If scheme users repay the loan or agree a settlement for the tax that they owe with HMRC, they will not face the charge.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 17/12/2018 16:33:15 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1023965

	registered interest
	date	12/12/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Advance Pricing Agreements
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much revenue has accrued to the public purse from anti-avoidance measures to tackle groups of companies using intra-group loans or derivatives to reduce the group’s tax bill.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	201707
	answer	answer is ministerial correction date of answer 17/12/2018 answer text <p>There have been a large number of measures over the years which operate to counter Corporation Tax avoidance using intra-group loans and derivatives. The key measures are the ‘unallowable purpose’ rules (sections 441 and 690 of Corporation Tax Act 2009), the transfer pricing rules (Part 4 of Taxation (International and Other Provisions) Act 2010 (“TIOPA 2010”)), the group mismatch scheme rules (Part 21B of Corporation Tax Act 2010 (“CTA 2010”)), the tax mismatch scheme rules (Part 21BA of CTA 2010), the hybrid and other mismatches rules (Part 6A of TIOPA 2010), the controlled foreign companies rules (Part 9A of TIOPA 2010) and the corporate interest restriction rules (Part 10 of TIOPA 2010). Taken together these measures have been successful in protecting revenues, but it is not possible to say how much would otherwise have been lost.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 17/12/2018 16:30:55 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd

1028685

	registered interest
	date	19/12/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Revenue and Customs: Brexit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how much of the additional £375 million of funding allocated to HMRC for preparations for the UK leaving the EU will be spent on recruiting HMRC customer service and compliance staff.
	tabling member constituency	Bootle
	tabling member printed	Peter Dowd
	uin	203916
	answer	answer is ministerial correction date of answer 07/01/2019 answer text <p>The amount of funding that will be spent on HMRC customer service and compliance staff in 2019/20 is dependent upon the eventual scenario of which the UK is exiting the EU. HMRC will continue to work with HM Treasury on its exact spending plans as these are confirmed.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 07/01/2019 17:44:16 answering member 3935 label Biography information for Mel Stride
	tabling member	4397 label Biography information for Peter Dowd