Tax Avoidance

(asked on 5th September 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the effect the 2019 Loan Charge on the NHS.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 14th September 2018

The charge on disguised remuneration (DR) loans is targeted at artificial tax avoidance schemes where earnings were paid in the form of non-repayable loans, often made by an offshore third party.

It is unfair to ordinary taxpayers to let anybody continue to benefit from contrived tax avoidance of this sort, and that is why this government has taken action to ensure that everybody pays the taxes they owe.

As the charge on DR loans is specifically targeted at these contrived tax avoidance schemes it is not expected to have a significant effect on the NHS.

For more information please see the issue briefing, published in July 2018: https://www.gov.uk/government/publications/hmrc-issue-briefing-disguised-remuneration-charge-on-loans

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