Tax Avoidance

(asked on 1st July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to work with his international counterparts to investigate companies and agents who were promoting loan charge schemes.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 7th July 2020

The UK has one of the world’s largest networks of tax treaties and exchange agreements which HMRC regularly utilise to exchange information with other countries’ tax authorities. This includes asking, where appropriate, for information that will assist investigations into tax avoidance schemes including those caught by the loan charge and the companies and agents who promote these schemes.

The UK via HMRC is also a leading member of the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC), a network of 42 national tax administrations. The core purpose of JITSIC is to facilitate the sharing of information and collaboration between tax authorities in order to identify and close down abusive tax arrangements.

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Recent Documents related to Tax Avoidance

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

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

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

Found: DISGUISED REMUNERATION LOAN CHARGE Terms of R eference Introduction The Chancellor has commissioned

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

Found: DISGUISED REMUNERATION LOAN CHARGE Terms of R eference Introduction The Chancellor has commissioned

4. Notices of Amendments as at 26 June 2020
29/06/2020 - Bill Documents

Found: definitions of the various coronavirus related support schemes to which it applies. It also allows for secondary

5. Notices of Amendments as at 29 June 2020
30/06/2020 - Bill Documents

Found: definitions of the various coronavirus related support schemes to which it applies. It also allows for secondary

Latest Documents
Recent Speeches related to Tax Avoidance

1. Oral Answers to Questions
09/04/2019 - Commons Chamber

1: duty must be balanced against the cost to the Exchequer in the context of our need to fund our public - Speech Link
2: at the spring statement, and the Government will work closely with the Bank of England in those circumstances - Speech Link
3: oil—they are not seeing that at the pumps. Will the Chancellor, or a member of his ministerial team, meet me - Speech Link

2. Finance Bill
08/06/2021 - Lords Chamber

1: March. My right honourable friend the Chancellor of the Exchequer outlined a Budget with three key objectives: - Speech Link

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

1: Treatment of promoters of abusive tax avoidance schemes(1) In any proceedings for the offence of - Speech Link
2: 2018-19—its lowest recorded rate.But there is still work to do. Clauses in this Bill build on our previous - Speech Link

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

1: insolvency proceedings against any taxpayer for a loan charge debt. No estimate can be provided for the number - Speech Link
2: workers who have been caught up in the loan charge. They took work via agencies that basically told them - Speech Link
3: Lady to the very wise words of the former shadow Chancellor, the hon. Member for Oxford East (Anneliese Dodds) - Speech Link

5. Finance Bill
01/07/2020 - Commons Chamber

1: effect on tax revenues—“(1) The Chancellor of the Exchequer must make an assessment of the net effect - Speech Link
2: has not been possible to reach multinational international agreement, hence the need for this unilateral - Speech Link
3: system. We recognise that this measure takes some steps towards levelling the playing field, but we need - 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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