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1135589
registered interest false more like this
date less than 2019-06-28more like thismore than 2019-06-28
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 more like this
hansard heading Bankruptcy: 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, how many people have declared bankruptcy as a result of the 2019 Loan Charge. more like this
tabling member constituency Barnsley Central more like this
tabling member printed
Dan Jarvis remove filter
uin 270801 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-07-08more like thismore than 2019-07-08
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 more like this
answering member printed Jesse Norman more like this
grouped question UIN
270800 more like this
270802 more like this
question first answered
less than 2019-07-08T14:58:36.28Zmore like thismore than 2019-07-08T14:58:36.28Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4243
label Biography information for Dan Jarvis more like this