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1341868

registered interest
date	29/06/2021
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 recent estimate he has made of the number of people who will declare bankruptcy as a result of the Loan Charge in 2021.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	24276
answer	answer is ministerial correction date of answer 06/07/2021 answer text <p>I refer the Honourable Member to the answer given on 23 June 2021 to UIN 16066.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 06/07/2021 16:23:31 answering member 3991 label Biography information for Jesse Norman
tabling member	4482 label Biography information for Owen Thompson

1341869

registered interest
date	29/06/2021
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, if he will take steps to ensure that HMRC does not enforce payment of the Charge or settlement sums by people facing bankruptcy as a result of the Loan Charge.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	24277
answer	answer is ministerial correction date of answer 06/07/2021 answer text <p>There are many reasons why someone might be facing bankruptcy, including as a result of a non-HMRC debt. Some individuals may choose to enter insolvency themselves based on their overall financial position. HMRC are therefore unable to determine if an individual is facing bankruptcy as a result of the Loan Charge specifically. However, HMRC only ever consider enforcement action as a last resort and will always attempt to engage in discussion with a taxpayer regarding payment, and where appropriate, agree a manageable payment arrangement based on individual circumstances. In addition, HMRC will only ever consider pursuing bankruptcy as a last resort, for example where the taxpayer is refusing to pay but has the ability to do so.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 06/07/2021 16:25:18 answering member 3991 label Biography information for Jesse Norman
tabling member	4482 label Biography information for Owen Thompson

1271618

registered interest
date	16/12/2020
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 subject to the Loan Charge who have been declared bankrupt.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	130647
answer	answer is ministerial correction date of answer 11/01/2021 answer text <p>No estimate of the number of individual bankruptcies has been made, although the original impact assessment acknowledges that there are likely to be some. The impact assessment can be found here: <a href="https://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update" target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update</a>.</p><p> </p><p>HMRC cannot provide an estimate for the number of people subject to the Loan Charge who have been declared bankrupt, as they could have been declared bankrupt for many reasons and not necessarily as a direct result of a Loan Charge liability. HMRC are not always the only creditor and some people may be declared bankrupt as a result of a non-HMRC debt, and some individuals may choose to enter insolvency themselves based on their overall financial position.</p><p> </p><p>HMRC only ever consider insolvency as a last resort, and encourage people to contact them to agree the best way to settle their tax debts. 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> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 11/01/2021 14:58:11 answering member 3991 label Biography information for Jesse Norman
tabling member	1409 label Biography information for Mr Gregory Campbell

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

1255519

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 recent estimate he has made of the number of people who will declare bankruptcy as a result of the Loan Charge.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	120923
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 120816 question first answered 04/12/2020 14:15:48 answering member 3991 label Biography information for Jesse Norman
tabling member	4482 label Biography information for Owen Thompson

1254488

registered interest
date	23/11/2020
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 recent estimate he has made of the number of people who have declared bankruptcy as a result of the Loan Charge.
tabling member constituency	Dundee West
tabling member printed	Chris Law
uin	119263
answer	answer is ministerial correction date of answer 01/12/2020 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 question first answered 01/12/2020 15:54:20 answering member 3991 label Biography information for Jesse Norman
tabling member	4403 label Biography information for Chris Law

1177087

registered interest
date	07/02/2020
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 made bankrupt as a result of accelerated payment notices in respect of the 2019 Loan Charge.
tabling member constituency	Erith and Thamesmead
tabling member printed	Abena Oppong-Asare
uin	14018
answer	answer is ministerial correction date of answer 12/02/2020 answer text <p>The Accelerated Payment regime is designed to change the underlying economics of tax avoidance by requiring disputed tax to be paid upfront while an avoidance scheme is investigated. HMRC can only issue Accelerated Payment Notices (APNs) in tightly defined circumstances, set out in legislation.</p><p> </p><p>The 2019 Loan Charge is a tax charge which applies to disguised remuneration (DR) loan balances which remained outstanding at 5 April 2019. APNs and the 2019 Loan Charge are two separate, distinct regimes. HMRC cannot issue APNs in relation to the Loan Charge.</p><p> </p><p>There is no estimate on how many people will be made bankrupt as a result of APNs issued in connection with avoidance schemes that seek to disguise remuneration. 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.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 12/02/2020 12:56:04 answering member 3991 label Biography information for Jesse Norman
tabling member	4820 label Biography information for Abena Oppong-Asare

1143376

registered interest
date	02/09/2019
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 individuals who will declare bankruptcy because they cannot pay the 2019 Loan Charge.
tabling member constituency	Romford
tabling member printed	Andrew Rosindell
uin	284842
answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The Government has recognised the need to support those affected by the disguised remuneration loan charge and has put extra resources in place. In particular, HM Revenue and Customs (HMRC) have opened a disguised remuneration helpline so people affected by the loan charge can discuss their affairs with a specialist team. The team can also offer additional support where needed and direct people to organisations including Samaritans and Mind.</p><p> </p><p>The Government published a tax information and impact note (TIIN) for this policy, in common with all new tax legislation. This provided a clear explanation of the policy objective together with details of the effect on the Exchequer, the economy, individuals, businesses, civil society organisations, as well as any equality or other specific area of impact.</p><p> </p><p>HMRC work hard to help people manage their tax affairs. HMRC does not want to make anyone bankrupt and very few cases ever reach that stage. HMRC have made clear they will work with individuals to reach sustainable and manageable payment plans wherever possible. Anybody who is worried about being able to pay what they owe should get in touch with HMRC.</p><p> </p><p>As the Prime Minister has announced, the Government will undertake a thorough review of the loan charge and will set out further details shortly.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 285127 285223 question first answered 09/09/2019 13:37:31 answering member 3991 label Biography information for Jesse Norman
tabling member	1447 label Biography information for Andrew Rosindell

1135589

registered interest
date	28/06/2019
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, how many people have declared bankruptcy as a result of the 2019 Loan Charge.
tabling member constituency	Barnsley Central
tabling member printed	Dan Jarvis
uin	270801
answer	answer is ministerial correction date of answer 08/07/2019 answer text <p>The Government published a report into disguised remuneration schemes which considered the range of evidence available and 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 would encourage anyone who is affected by the charge to contact HM Revenue and Customs (HMRC) and discuss their situation.</p><p> </p><p>HMRC have not made anybody bankrupt as a result of the 2019 Loan Charge. The information requested on how many people have declared themselves bankrupt as a result of the 2019 Loan Charge is not available.</p><p> </p><p>HMRC will work with individuals to reach sustainable and manageable payment plans wherever possible. Anybody who is worried about being able to pay what they owe should get in touch with HMRC.</p><p> </p><p>The Government estimates that up to 50,000 individuals will be affected by the 2019 loan charge. Since the DR loan charge was announced, HMRC have already agreed around 6,000 settlements with employers and individuals, worth over £1 billion.</p><p> </p><p>Information on the number of people affected by the 2019 Loan Charge is not held at constituency, borough or regional level. Since November 2017, HMRC have been writing directly to individuals and employers who may be affected by the Disguised Remuneration (DR) loan charge. A breakdown of recipients by UK parliamentary constituency is available on <a href="http://gov.uk/" target="_blank">gov.uk</a> at: <a href="http://www.gov.uk/government/publications/disguised-remuneration-loan-charge-awareness-letters" target="_blank">www.gov.uk/government/publications/disguised-remuneration-loan-charge-awareness-letters</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 270800 270802 question first answered 08/07/2019 14:58:36 answering member 3991 label Biography information for Jesse Norman
tabling member	4243 label Biography information for Dan Jarvis

1023108

registered interest
date	11/12/2018
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	What estimate he has made of the number of people who will be made bankrupt as a result of the 2019 Loan Charge.
tabling member constituency	Richmond Park
tabling member printed	Zac Goldsmith
uin	908142
answer	answer is ministerial correction date of answer 11/12/2018 answer text <p>The Government recognises the charge on DR loans will have a significant impact on some people who have used schemes where loans were used to avoid paying tax on earnings.</p><p> </p><p>An impact assessment was published when the measure was announced at Budget 2016.</p><p> </p><p>HMRC wants to help people put things right and has an outstanding track record of helping people, but it can only help those who come forward.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 11/12/2018 17:37:22 answering member 3935 label Biography information for Mel Stride
tabling member	4062 label Biography information for Lord Goldsmith of Richmond Park