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1216769

registered interest
date	23/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to bring forward legislative proposals to implement the recommendations contained in Sir Amyas Morse's Loan Charge review published in December 2019.
tabling member constituency	Romsey and Southampton North
tabling member printed	Caroline Nokes
uin	63317
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>Disguised Renumeration (DR) schemes seek to avoid tax by paying users their earnings in the form of loans, usually via an offshore trust, so that neither Income Tax nor National Insurance Contributions are paid on the income channelled through the scheme.</p><p> </p><p>The Loan Charge was designed to tackle DR tax avoidance schemes. The Independent Loan Charge Review led by Sir Amyas Morse assessed the impact of the policy on affected taxpayers and concluded that it was right for the Loan Charge to remain in force, and for the Government to seek to collect the tax due. However, the Review did also raise a number of concerns.</p><p> </p><p>The Government accepted all but one of the recommendations made by the Review. The Government is currently legislating to implement these changes to the Loan Charge in the Finance Bill.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 63318 question first answered 29/06/2020 16:47:12 answering member 3991 label Biography information for Jesse Norman
tabling member	4048 label Biography information for Caroline Nokes

1217052

registered interest
date	23/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Sir Amyas Morse's Review of the Loan Charge, what estimate he has made of the the number of people now due for a repayment of Voluntary Restitution relating to payroll loan schemes covered by the 2019 Loan Charge; and of those cases how many (a) companies and individuals have already entered into insolvency and (b) individuals are known to have sold a property in order to pay the Voluntary Restitution which will now be repaid.
tabling member constituency	New Forest East
tabling member printed	Dr Julian Lewis
uin	63196
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>An estimated 1,000 individuals and 1,000 employers who have already settled their disguised remuneration liability will be due a repayment of voluntary restitution.</p><p> </p><p>HMRC do not have estimates of the number who have entered insolvency or sold properties.</p><p> </p><p>HMRC currently estimate that about £380m of voluntary restitution could be refunded to employers and individuals as a result of the change, with the vast majority estimated to be due to employers. The final value could depend on whether all eligible taxpayers claim their refund and whether, in line with the recommendation of the independent review accepted by the Government, refunds need to be reduced to prevent an unintended windfall, for example where an employer has enjoyed corporation tax relief on the voluntary restitution that they paid.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 63197 question first answered 29/06/2020 09:07:06 answering member 3991 label Biography information for Jesse Norman
tabling member	54 label Biography information for Sir Julian Lewis

1217056

registered interest
date	23/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Sir Amyas Morse's Review of the Loan Charge, what estimate he has made of the (a) amount that HMRC will repay in Voluntary Restitutions in relation to payroll loan schemes covered by the 2019 Loan Charge already received, (b) number of employers that will receive a payment and (c) the value of the repayments received by employers.
tabling member constituency	New Forest East
tabling member printed	Dr Julian Lewis
uin	63197
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>An estimated 1,000 individuals and 1,000 employers who have already settled their disguised remuneration liability will be due a repayment of voluntary restitution.</p><p> </p><p>HMRC do not have estimates of the number who have entered insolvency or sold properties.</p><p> </p><p>HMRC currently estimate that about £380m of voluntary restitution could be refunded to employers and individuals as a result of the change, with the vast majority estimated to be due to employers. The final value could depend on whether all eligible taxpayers claim their refund and whether, in line with the recommendation of the independent review accepted by the Government, refunds need to be reduced to prevent an unintended windfall, for example where an employer has enjoyed corporation tax relief on the voluntary restitution that they paid.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 63196 question first answered 29/06/2020 09:07:06 answering member 3991 label Biography information for Jesse Norman
tabling member	54 label Biography information for Sir Julian Lewis

1194604

registered interest
date	11/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to page 4 of the Independent Loan Charge Review: report on the policy and its implementation which states that the law on loan arrangements became clear in 2010, for what reasons the Finance Act 2017 included legislation on those arrangements.
tabling member constituency	Wimbledon
tabling member printed	Stephen Hammond
uin	45077
answer	answer is ministerial correction date of answer 19/05/2020 answer text <p>Disguised remuneration (DR) schemes have been used since the 1990s.</p><p> </p><p>The Government announced targeted anti-avoidance legislation to tackle DR schemes in a written ministerial statement in 2010, and introduced it in 2011. This aimed to put beyond doubt that DR schemes are ineffective and to discourage their use.</p><p> </p><p>Despite the Government’s attempts to eliminate the use of these schemes it was clear by Budget 2016 that DR schemes continued to proliferate. That is why the Government announced a package of measures to ensure DR scheme users pay their fair share of tax. These measures, including the Loan Charge, strengthened existing rules and aimed to draw a line under the use of DR tax avoidance schemes. This was legislated for in the Finance (No.2) Act 2017.</p><p> </p><p>HMT officials work closely with colleagues on all tax policy, including on the Government’s response to the use of DR tax avoidance schemes and on the introduction of the Loan Charge in Finance (No.2) Act 2017.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 45079 question first answered 19/05/2020 10:32:08 answering member 3991 label Biography information for Jesse Norman
tabling member	1585 label Biography information for Stephen Hammond

1194607

registered interest
date	11/05/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Sir Amyas Morse's Loan Charge review published in December 2019, what discussions his Department had with HMRC on changing loan charge arrangements prior to the introduction of the 2017 Finance Bill.
tabling member constituency	Wimbledon
tabling member printed	Stephen Hammond
uin	45079
answer	answer is ministerial correction date of answer 19/05/2020 answer text <p>Disguised remuneration (DR) schemes have been used since the 1990s.</p><p> </p><p>The Government announced targeted anti-avoidance legislation to tackle DR schemes in a written ministerial statement in 2010, and introduced it in 2011. This aimed to put beyond doubt that DR schemes are ineffective and to discourage their use.</p><p> </p><p>Despite the Government’s attempts to eliminate the use of these schemes it was clear by Budget 2016 that DR schemes continued to proliferate. That is why the Government announced a package of measures to ensure DR scheme users pay their fair share of tax. These measures, including the Loan Charge, strengthened existing rules and aimed to draw a line under the use of DR tax avoidance schemes. This was legislated for in the Finance (No.2) Act 2017.</p><p> </p><p>HMT officials work closely with colleagues on all tax policy, including on the Government’s response to the use of DR tax avoidance schemes and on the introduction of the Loan Charge in Finance (No.2) Act 2017.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 45077 question first answered 19/05/2020 10:32:08 answering member 3991 label Biography information for Jesse Norman
tabling member	1585 label Biography information for Stephen Hammond

1168768

registered interest
date	20/12/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to publish Sir Amyas Morse's review of the Loan Charge.
tabling member constituency	West Worcestershire
tabling member printed	Harriett Baldwin
uin	289
answer	answer is ministerial correction date of answer 07/01/2020 answer text <p>The Government published Sir Amyas Morse’s independent review of the Loan Charge on 20 December, alongside the Government’s response to his recommendations. Further detail can be found here: <a href="https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review/guidance" target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review/guidance</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 321 question first answered 07/01/2020 16:41:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4107 label Biography information for Dame Harriett Baldwin

1168778

registered interest
date	20/12/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to publish the independent review of the Disguised Remuneration Loan Charge.
tabling member constituency	Bermondsey and Old Southwark
tabling member printed	Neil Coyle
uin	321
answer	answer is ministerial correction date of answer 07/01/2020 answer text <p>The Government published Sir Amyas Morse’s independent review of the Loan Charge on 20 December, alongside the Government’s response to his recommendations. Further detail can be found here: <a href="https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review/guidance" target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review/guidance</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 289 question first answered 07/01/2020 16:41:39 answering member 3991 label Biography information for Jesse Norman
tabling member	4368 label Biography information for Neil Coyle

1168470

registered interest
date	19/12/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will publish Sir Amyas Morse's review of the Loan Charge on 8 January 2020; and if he will make an oral statement on that day.
tabling member constituency	Wycombe
tabling member printed	Mr Steve Baker
uin	105
answer	answer is ministerial correction date of answer 07/01/2020 answer text <p>The Government published Sir Amyas Morse’s independent review of the Loan Charge on 20 December, alongside the Government’s response to his recommendations. The Government welcomes Sir Amyas’ recognition that disguised remuneration schemes are a form of tax avoidance and that action was needed to tackle their use. However, the Government recognises concerns raised by the Review about the design of the Loan Charge and the impact on those liable to pay it and is therefore accepting all but one of the Review’s recommendations. The Government will ensure taxpayers have sufficient time to consider the impact of these changes on their tax position and individuals can now defer submitting their tax return and paying their Loan Charge liability until 30 September 2020, without incurring any penalties or interest.</p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 106 question first answered 07/01/2020 16:36:10 answering member 3991 label Biography information for Jesse Norman
tabling member	4064 label Biography information for Mr Steve Baker

1149006

registered interest
date	14/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure the independence of the review of the 2019 Loan Charge.
tabling member constituency	Morley and Outwood
tabling member printed	Andrea Jenkyns
uin	363
answer	answer is ministerial correction date of answer 18/10/2019 answer text <p>The Chancellor commissioned Sir Amyas Morse, former CEO of the National Audit Office, to lead an independent Review to consider the impact of the Loan Charge, focusing on individuals who entered directly into disguised remuneration schemes.</p><p> </p><p>Sir Amyas has a strong track record of holding the Government to account and is widely respected, as was emphasised by colleagues across the House in a debate of 6 March 2019.</p><p> </p><p>Sir Amyas has full control over how the Review is run and the outcome. For more information, the Review’s terms of reference can be found here: <a href="https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review" target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review</a></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 18/10/2019 08:07:37 answering member 3991 label Biography information for Jesse Norman
tabling member	4490 label Biography information for Dame Andrea Jenkyns

1147075

registered interest
date	30/09/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Disguised Remuneration Loan Charge Review
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure the impartiality of the leader of the inquiry into loan charge schemes.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	292092
answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The Chancellor has commissioned Sir Amyas Morse, former CEO of the National Audit Office, to lead an independent Review to consider the impact of the Loan Charge, focusing on individuals who entered directly into disguised remuneration schemes.</p><p> </p><p>Sir Amyas is widely respected, as was emphasised by colleagues across the House in a debate of 6 March 2019.</p><p> </p><p>Sir Amyas has full control over how the Review is run and the outcome. For more information, the Review’s terms of reference can be found here: <a href="https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review" target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review</a></p><p><strong> </strong></p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 08/10/2019 07:34:45 answering member 3991 label Biography information for Jesse Norman
tabling member	308 label Biography information for Mr Jim Cunningham