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1174352

	registered interest
	date	29/01/2020
	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 who will still be eligible for the 2019 Loan Charge after the Government has implemented the recommendations of Sir Amyas Morse's review of the Loan Charge.
	tabling member constituency	Crawley
	tabling member printed	Henry Smith
	uin	9651
	answer	answer is ministerial correction date of answer 07/02/2020 answer text <p>Of the estimated 50,000 individuals affected by the loan charge, the Government currently estimates that about 11,000 will be taken out of the loan charge altogether. In addition, individuals who have settled or are settling their tax liability with HMRC will be out of scope of the charge. There is not yet a firm estimate of the number who will choose to settle and so be out of scope of the loan charge.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 07/02/2020 10:11:36 answering member 3991 label Biography information for Jesse Norman
	tabling member	3960 label Biography information for Henry Smith

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