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Written Question
Tax Avoidance: Bankruptcy
Thursday 14th March 2024

Asked by: Desmond Swayne (Conservative - New Forest West)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent representations has he received on section 684 notices.

Answered by Nigel Huddleston - Financial Secretary (HM Treasury)

In May 2022, the Court of Appeal confirmed that HMRC could use provisions in tax legislation (section 684(7A)(b) of the Income Tax (Earnings and Pensions) Act 2003). HMRC is using these provisions in line with the Court of Appeal judgment.

The Government has received representations about s684(7A)(b) from several Members on behalf of their constituents, as well as the All Party Parliamentary Group on the Loan Charge and Taxpayer Fairness.


Select Committee
Loan Charge & Taxpayer Fairness APPG
HMRCSR0018 - HMRC Standard Report 2022-23

Written Evidence Dec. 14 2023

Committee: Public Accounts Committee

Found: HMRCSR0018 - HMRC Standard Report 2022-23 Loan Charge & Taxpayer Fairness APPG Written Evidence


Commons Chamber
Loan Charge - Thu 18 Jan 2024
HM Treasury

Mentions:
1: Sammy Wilson (DUP - East Antrim) We have heard time and again in evidence to the loan charge and taxpayer fairness all-party parliamentary - Speech Link
2: Greg Smith (Con - Buckingham) the loan charge and taxpayer fairness. - Speech Link
3: Neale Hanvey (Alba - Kirkcaldy and Cowdenbeath) the loan charge and taxpayer fairness. - Speech Link
4: Greg Smith (Con - Buckingham) the loan charge and taxpayer fairness. - Speech Link
5: John McNally (SNP - Falkirk) the loan charge and taxpayer fairness. - Speech Link
6: Wera Hobhouse (LD - Bath) the loan charge and taxpayer fairness. - Speech Link
7: Gerald Jones (Lab - Merthyr Tydfil and Rhymney) the loan charge and taxpayer fairness. - Speech Link
8: Darren Jones (Lab - Bristol North West) the loan charge and taxpayer fairness. - Speech Link
9: Jim Shannon (DUP - Strangford) the loan charge and taxpayer fairness. - Speech Link


Select Committee
Letter from Jim Harra, HM Revenue & Customs, to the Chair relating to Disguised Remuneration Tax Avoidance Schemes and the Loan Charge, dated 11 March 2024

Correspondence Mar. 19 2024

Committee: Treasury Committee (Department: HM Treasury)

Found: Harra, HM Revenue & Customs, to the Chair relating to Disguised Remuneration Tax Avoidance Schemes and


Commons Chamber
Oral Answers to Questions - Tue 06 Feb 2024
HM Treasury

Mentions:
1: Greg Smith (Con - Buckingham) If he will make an assessment of the potential impact of the loan charge on levels of bankruptcy. - Speech Link
2: Nigel Huddleston (Con - Mid Worcestershire) Members on the impact of the loan charge, and I have pushed His Majesty’s Revenue and Customs for firm - Speech Link
3: Greg Smith (Con - Buckingham) Friend for that answer and his engagement with the loan charge and taxpayer fairness all-party parliamentary - Speech Link
4: James Murray (LAB - Ealing North) Those facing the loan charge ordeal cannot bear to hear yet again that the Morse review is the final - Speech Link


Bill Documents
21 May 2024 - Written evidence
Written evidence submitted by the Chartered Institute of Taxation - Transfers of Assets Abroad (clause 22) (F2B03)
Finance Act (No. 2) 2024 2023-24

Found: scenarios , potentially damag ing the UK’s competitiveness as a corporate headquarters • It lacks fairness


Deposited Papers

Feb. 28 2012

Source Page: Publication on the sale of Northern Rock plc. 34 p.
Document: DEP2012-0372.pdf (PDF)

Found: loan book run-down and a later exit from TPO in 2013.


Bill Documents
21 May 2024 - Written evidence
Written evidence submitted by the Low Incomes Tax Reform Group - High Income Child Benefit Charge (clause 5) (F2B04)
Finance Act (No. 2) 2024 2023-24

Found: Written evidence submitted by the Low Incomes Tax Reform Group - High Income Child Benefit Charge (clause


Commons Chamber
Access to Redress Schemes - Thu 18 Apr 2024
Cabinet Office

Mentions:
1: Richard Foord (LD - Tiverton and Honiton) In preparation for the work, the bank declared the termination and return of the loan. - Speech Link
2: Richard Foord (LD - Tiverton and Honiton) , fairness and efficiency. - Speech Link
3: Richard Foord (LD - Tiverton and Honiton) , as the current compensation framework often proves lengthy and costly for both victim and taxpayer. - Speech Link
4: Christopher Chope (Con - Christchurch) Fairness demands that those harmed by valproate and pelvic mesh receive the recognition and redress to - Speech Link
5: Alex Burghart (Con - Brentwood and Ongar) The Government firmly believe that access to redress is fundamental in upholding justice and fairness - Speech Link


Commons Chamber
High Speed 2 Compensation - Thu 18 Jan 2024
Department for Transport

Mentions:
1: Theo Clarke (Con - Stafford) There is a fundamental lack of transparency and fairness in this entire process, and I believe it is - Speech Link
2: Andrew Bridgen (Ind - North West Leicestershire) There has been a great deal of cost and a great deal of injury, especially for the taxpayer. - Speech Link
3: Huw Merriman (Con - Bexhill and Battle) delivering value for money to the taxpayer. - Speech Link