Loan Charge Debate

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Loan Charge

Alex Burghart Excerpts
Thursday 4th April 2019

(5 years, 8 months ago)

Commons Chamber
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Ross Thomson Portrait Ross Thomson
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I thank my hon. Friend for his point. He talks about the legitimate paying of taxes, and I will touch on that later in my speech. The people who entered into such schemes, whether they were in oil and gas, social care or healthcare, did so legitimately and because they were advised to do so. Some did so because their employers asked them to.

Alex Burghart Portrait Alex Burghart (Brentwood and Ongar) (Con)
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My hon. Friend is being generous with his time and is making some excellent points. Something that struck me from the correspondence that I have received from constituents is that they were often advised by accountants to enter into arrangements that would allow them to take home a large proportion of their income, and they were told that that was not illegal, that it was totally above board, and that any tax liabilities would lie with the employer, not the employee. Part of the problem is that we are dealing with people who were acting in good faith and yet feel that they are now being penalised.

Ross Thomson Portrait Ross Thomson
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I cannot add much more to that, because my hon. Friend is absolutely right.