Tax Avoidance

(asked on 29th 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 will still be eligible for the 2019 Loan Charge after the Government has implemented the recommendations of Sir Amyas Morse's review of the Loan Charge.


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

Of the estimated 50,000 individuals affected by the loan charge, the Government currently estimates that about 11,000 will be taken out of the loan charge altogether. In addition, individuals who have settled or are settling their tax liability with HMRC will be out of scope of the charge. There is not yet a firm estimate of the number who will choose to settle and so be out of scope of the loan charge.

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