Treasury

Steve Barclay Excerpts

Tuesday 3rd March 2020 Ministerial Corrections

The following is an extract from the Opposition day debate on Tax Avoidance and Evasion on 25 February 2020.

[Steve Barclay]

We have also increased the penalties and consequences for those who devise, enable or use tax avoidance schemes. I draw the House’s attention, for example, to the disclosure of tax avoidance schemes regime, the general anti-abuse rule and the system of follower notices and accelerated payments, the last of which alone has brought in over £8.7 billion.

[Official Report, 25 February 2020, Vol. 672, c. 194.]

Letter of correction from the Chief Secretary to the Treasury:

An error has been identified in my contribution to the debate.

The correct information should have been:

[Steve Barclay]

We have also increased the penalties and consequences for those who devise, enable or use tax avoidance schemes. I draw the House’s attention, for example, to the disclosure of tax avoidance schemes regime, the general anti-abuse rule and the system of follower notices and accelerated payments, the last of which alone has brought in over £4.7 billion.