Loan Charge

Debate between Ross Thomson and Andy Slaughter

Thursday 4th April 2019 Commons Chamber

[Ross Thomson]

I will take an intervention from the other side of the Chamber first.

[Andy Slaughter (Hammersmith) (Lab)]

The hon. Gentleman is making an excellent speech and is capturing the mood on both sides of the House. Over 200 people in my constituency are affected by the loan charge, and the situation is unfair because the affairs were fully declared on their tax returns. HMRC was aware of what was happening. There was no attempt to hide. To characterise this as tax avoidance retrospectively seems wholly unjust.

[Ross Thomson]

The hon. Gentleman is right about HMRC being aware, because people even had to fill out disclosure of tax avoidance schemes, or DOTAS, forms.