Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what action is being taken against people who promoted and operated schemes now subject to the Loan Charge.

The Government and HM Revenue and Customs (HMRC) are committed to continuing to tackle promoters and operators of tax avoidance schemes. This includes challenging the entities and individuals who promote disguised remuneration loan schemes.

On 19 March 2020, HMRC published their strategy for tackling promoters of tax avoidance schemes. The strategy sets out HMRC’s work to date and outlines how HMRC will continue to take robust action against promoters of tax avoidance. The Promoter Strategy is available on GOV.UK. HMRC consulted on a package of measures to tackle promoters of tax avoidance schemes over Summer 2020.

On 12 November 2020, the Government announced further proposals to tackle promoters, which it will consult on this spring. Umbrella companies advising individuals to use disguised remuneration tax avoidance schemes are within the scope of the legislation that applies to promoters and others who facilitate tax avoidance. Where appropriate, they are subject to the range of measures laid out in HMRC’s strategy for tackling promoters of tax avoidance schemes.