Tax Avoidance

(asked on 9th January 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the number of people who would remain within scope of the Loan Charge if the recommendations of the Independent Review into the Loan Charge are fully implemented.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 17th January 2020

The Government published Sir Amyas Morse’s independent review of the Loan Charge on 20 December, alongside the Government’s response to his recommendations.

The Government accepted all but one of Sir Amyas’s recommendations. This means that out of the estimated 50,000 individuals who used a loan scheme between 1999 and 2019 and did not settle with HMRC before March 2016, it is estimated that more than 30,000 people will benefit from the significant package of measures announced, 11,000 of whom will be taken out of scope of the charge altogether.

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Recent Documents related to Tax Avoidance

1. Disguised remuneration: independent loan charge review
20/01/2020 - HM Revenue & Customs
- View source

Found: Independent Loan Charge Review : Government response to the Review December 2019

2. Disguised remuneration: independent loan charge review
20/01/2020 - HM Revenue & Customs
- View source

Found: 1 REVIEW OF THE DISGUISED REMUNERATION LOAN CHARGE Terms of R eference Introduction The

3. Disguised remuneration: Independent loan charge review
11/09/2019 - HM Treasury
- View source

Found: 1 REVIEW OF THE DISGUISED REMUNERATION LOAN CHARGE Terms of R eference Introduction The

4. Written evidence submitted by the Small to Medium Business Group (SMB) and The Loan Charge Action Group (FB29)
17/06/2020 - Bill Documents

Found: Small to Medium Business Group (SMB) and The Loan Charge Action Group (FB29) Confidentiality: Non confidential

5. Introduction of the 2019 Loan Charge
02/04/2019 - Parliamentary Research

Found: DEBATE PACK Number CDP-2019/0078, 4 April 2019 Introduction of the 2019 Loan Charge By Antony Seely

Latest Documents
Recent Speeches related to Tax Avoidance

1. Finance Bill (Second sitting)
04/06/2020 - Public Bill Committees

1: recommences. I remind everyone that Hansard reporters would be grateful if hon. Members could email electronic - Speech Link
2: a “voluntary office holder” in tax legislation. People in that position include, for example, magistrates - Speech Link
3: organisation are not office holders or employees, and I would like to take this opportunity, at this time, to - Speech Link

2. Oral Answers to Questions
11/02/2020 - Commons Chamber

1: actually leaving the European Union, as we said we would. We will be working very closely with business as - Speech Link
2: a basic agreement barely covering goods. The Chancellor has announced this morning that he is asking - Speech Link
3: has been particularly hard hit. When will the Chancellor accept the reality that these Tory Brexit plans - Speech Link

3. Oral Answers to Questions
07/09/2021 - Commons Chamber

1: thoroughly appreciated your remarks about standards within the Chamber.To date, Her Majesty’s Revenue - Speech Link
2: sector workers who have been caught up in the loan charge. They took work via agencies that basically told - Speech Link
3: often a difficult matter for the relatively small number of individuals who may be affected by particular - Speech Link

4. Making Tax Digital for VAT (Economic Affairs Committee Report)
29/04/2019 - Lords Chamber

1: exchange.Before explaining our conclusions, I would like to thank the sub-committee members, who were - Speech Link

5. Finance (No. 2) Bill
20/04/2021 - Commons Chamber

1: circumstances, although the Chair of the Committee would normally sit in the Clerk’s chair during Committee - Speech Link
2: to be” and insert “is not”.This amendment would allow that a de minimis amount of minor works can - Speech Link

Latest Speeches
Recent Questions related to Tax Avoidance
1. Disguised Remuneration Loan Charge Review
asked by: Julian Lewis
29/06/2020
... what estimate he has made of the the number of people now due for a repayment of Voluntary Restitution relating to payroll loan schemes covered by the 2019 Loan Charge; and of those cases how many (a) companies and individuals have already entered into insolvency and (b) individuals are known to have sold a property in order to pay the Voluntary Restitution which will now be repaid.

2. Disguised Remuneration Loan Charge Review
asked by: Julian Lewis
29/06/2020
... (b) number of employers that will receive a payment and (c) the value of the repayments received by employers.

3. Disguised Remuneration Loan Charge Review
asked by: Caroline Nokes
29/06/2020
... what plans he has to bring forward legislative proposals to implement the recommendations contained in Sir Amyas Morse's Loan Charge review published in December 2019.

4. Disguised Remuneration Loan Charge Review
asked by: Stephen Hammond
19/05/2020
... for what reasons the Finance Act 2017 included legislation on those arrangements.

5. Disguised Remuneration Loan Charge Review
asked by: Stephen Hammond
19/05/2020
... what discussions his Department had with HMRC on changing loan charge arrangements prior to the introduction of the 2017 Finance Bill.

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