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1300518

registered interest
date	09/03/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hospitality Industry and Tourism: VAT
house id	1
legislature	25259 pref label House of Commons
question text	If his Department will make an assessment of the potential merits of making permanent the five per cent reduced rate of VAT for the tourism and hospitality sector.
tabling member constituency	Orkney and Shetland
tabling member printed	Mr Alistair Carmichael
uin	913203
answer	answer is ministerial correction date of answer 09/03/2021 answer text <p>The temporary reduced rate of VAT was introduced on 15 July to support the cash flow and viability of about 150,000 businesses and to protect over 2.4 million jobs in the hospitality and tourism sectors. As announced at Budget, this relief will now run until 31 March 2022, with a staggered return to the standard rate. Applying this relief permanently would come at a significant cost to the Exchequer, and that cost would have to be balanced by increased taxes elsewhere, or reductions in Government spending.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/03/2021 12:45:58 answering member 3991 label Biography information for Jesse Norman
tabling member	1442 label Biography information for Mr Alistair Carmichael

1255372

registered interest
date	25/11/2020
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, how many people who have been in settlement discussions with HMRC on the Loan Charge have settled their case.
tabling member constituency	Orkney and Shetland
tabling member printed	Mr Alistair Carmichael
uin	120815
answer	answer is ministerial correction date of answer 04/12/2020 answer text <p>About 5,600 employers and individuals settled their use of disguised remuneration tax avoidance schemes in the period to 30 September 2020, in addition to the about 11,000 employers and individuals who settled their use of disguised remuneration schemes between Budget 2016 and 31 March 2020.</p><p>Further information on settlements is available in HMRC’s report to Parliament on the implementation of the recommendations of the independent Loan Charge Review, which was published on 3 December: <a href="https://www.gov.uk/government/publications/independent-loan-charge-review-hmrc-report-on-implementation" target="_blank">https://www.gov.uk/government/publications/independent-loan-charge-review-hmrc-report-on-implementation</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 04/12/2020 14:23:06 answering member 3991 label Biography information for Jesse Norman
tabling member	1442 label Biography information for Mr Alistair Carmichael

1255373

registered interest
date	25/11/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bankruptcy: 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 be declared bankrupt as a result of the implementation of the Loan Charge.
tabling member constituency	Orkney and Shetland
tabling member printed	Mr Alistair Carmichael
uin	120816
answer	answer is ministerial correction date of answer 04/12/2020 answer text <p>HMRC do not want to make anybody bankrupt, and insolvency is only ever considered as a last resort. HMRC will work with individuals to reach sustainable and manageable payment plans wherever possible. In line with current practice, HMRC will pause recovery action where a taxpayer has no ability to pay, until there is a significant change of circumstance.</p><p> </p><p>HMRC are not always the only creditor and some individuals may choose to enter insolvency themselves based on their overall financial position.</p><p> </p><p>Anyone who is worried about being able to pay what they owe is encouraged to get in touch with HMRC as soon as possible on 03000 599110.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 120923 question first answered 04/12/2020 14:15:48 answering member 3991 label Biography information for Jesse Norman
tabling member	1442 label Biography information for Mr Alistair Carmichael