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1251409
registered interest false more like this
date less than 2020-11-12more like thismore than 2020-11-12
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 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, whether HMRC holds information on the number of people subject to the Loan Charge who have stated that they received incorrect or no advice from advisors or promoters when they entered into those taxation schemes. more like this
tabling member constituency Salford and Eccles remove filter
tabling member printed
Rebecca Long Bailey more like this
uin 114921 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-11-20more like thismore than 2020-11-20
answer text <p>When working with taxpayers to reach a settlement, HM Revenue and Customs (HMRC) seek to clarify and confirm the relevant facts of each individual case with the taxpayer. To maintain a consistent approach, cases are settled in accordance with HMRC’s Litigation and Settlement Strategy, which requires that HMRC only settle for an amount that is consistent with the law. While the Government has sympathy for anyone who believes they were misled into using disguised remuneration schemes, it is an individual’s responsibility to ensure the accuracy of their tax return and to understand the consequences of their decisions.</p><p> </p><p>The Government will continue to tackle this type of tax avoidance and on 19 March 2020, HMRC published their strategy for tackling promoters of tax avoidance schemes. The strategy sets out HMRC’s work to date and outlines how HMRC will continue to take robust actions against promoters of tax avoidance. The Promoter Strategy is available on GOV.UK.</p><p> </p><p>The Government recognises the importance of taxpayers being able to get reliable tax advice which is competent, professional and trustworthy. In March 2020, the Government issued a call for evidence on raising standards in the tax advice market and has recently published a summary of responses and next steps. As a first step, the Government will consult on introducing a requirement for all tax advisers to hold professional indemnity insurance as a way of providing recourse, protecting taxpayers and raising standards in the tax advice market. The Government will also raise awareness of the HMRC standard for agents and review HMRC powers to enforce this standard.</p>
answering member constituency Hereford and South Herefordshire remove filter
answering member printed Jesse Norman more like this
grouped question UIN
114920 more like this
114922 more like this
question first answered
less than 2020-11-20T11:09:11.973Zmore like thismore than 2020-11-20T11:09:11.973Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4396
label Biography information for Rebecca Long Bailey more like this