Disguised Remuneration Loan Charge Review

(asked on 11th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 4 of the Independent Loan Charge Review: report on the policy and its implementation which states that the law on loan arrangements became clear in 2010, for what reasons the Finance Act 2017 included legislation on those arrangements.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 19th May 2020

Disguised remuneration (DR) schemes have been used since the 1990s.

The Government announced targeted anti-avoidance legislation to tackle DR schemes in a written ministerial statement in 2010, and introduced it in 2011. This aimed to put beyond doubt that DR schemes are ineffective and to discourage their use.

Despite the Government’s attempts to eliminate the use of these schemes it was clear by Budget 2016 that DR schemes continued to proliferate. That is why the Government announced a package of measures to ensure DR scheme users pay their fair share of tax. These measures, including the Loan Charge, strengthened existing rules and aimed to draw a line under the use of DR tax avoidance schemes. This was legislated for in the Finance (No.2) Act 2017.

HMT officials work closely with colleagues on all tax policy, including on the Government’s response to the use of DR tax avoidance schemes and on the introduction of the Loan Charge in Finance (No.2) Act 2017.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
Recent Documents related to Disguised Remuneration Loan Charge Review

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

Found: December 2019 Independent Loan Charge Review: report on the policy and its implementation December 2019

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

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

3. 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

4. Consideration of Bill Amendments as at 1 July 2020 - large font accessible version
01/07/2020 - Bill Documents

Found: Wednesday 1 July 2020 CONSIDERATION OF BILL (REPORT STAGE) New Amendments handed in are marked

5. Written evidence submitted by the The Loan Charge Action Group (FB26)
15/06/2020 - Bill Documents

Found: Written evidence submitted by The Loan Charge Action Group (FB26) Finance Bill 2019 - 21 Submission

Latest Documents
Recent Speeches related to Disguised Remuneration Loan Charge Review

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

1: Good afternoon, colleagues. Consideration of the Finance Bill recommences. I remind everyone that Hansard - Speech Link
2: referred to as a “voluntary office holder” in tax legislation. People in that position include, for example - Speech Link
3: definition of a volunteer office holder in this legislation and the fact that that may lead to some confusion - Speech Link

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

1: the following:Amendment 70, in schedule 6, page 121, line 1, leave out “ceases to be” and insert - Speech Link

3. Finance Bill (Eighth sitting)
16/06/2020 - Public Bill Committees

1: changes to be made to the Hydrocarbon Oil Duties Act 1979 to require white diesel to be used for filling - Speech Link

4. Finance (No. 3) Bill
08/01/2019 - Commons Chamber

1: lay a report of that review before the House of Commons within six months of the passing of this Act. - Speech Link
2: lay a report of that review before the House of Commons within six months of the passing of this Act. - Speech Link
3: lay a report of that review before the House of Commons within six months of the passing of this Act. - Speech Link
4: lay a report of that review before the House of Commons within six months of the passing of this Act. - Speech Link

5. Finance (No. 3) Bill (Fourth sitting)
29/11/2018 - Public Bill Committees

1: clause 15 and schedule 3; clause 16 and schedule 4; clause 19; clause 20; clause 22 and schedule 7; clause - Speech Link
2: the following:Amendment 46, in schedule 6, page 220, line 2, leave out paragraph 11.This - Speech Link
3: lay a report of that review before the House of Commons within six months of the passing of this Act.”This - Speech Link
4: lay a report of that review before the House of Commons within six months of the passing of this Act.”This - Speech Link

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Recent Questions related to Disguised Remuneration Loan Charge Review
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