Jun. 06 2023
Source Page: Tackling non-compliance in the umbrella company marketFound: remuneration tax avoidance arrangements.
Jun. 05 2023
Source Page: Treasury Minutes progress report – June 2023Found: In return the contract was intended to provide: a new career structure and remuneration package for
Mentions:
1: Robin Millar (CON - Aberconwy) them to their premium lending products instead of the Government’s coronavirus business interruption loan - Speech Link
2: Margaret Ferrier (IND - Rutherglen and Hamilton West) However, that workforce continues to be at risk of disguised employment. - Speech Link
3: James Murray (LAB - Ealing North) Tens of thousands of people have been affected by the loan charge, with some having faced well-documented - Speech Link
4: Ashley Dalton (LAB - West Lancashire) has recently found that 2 million UK households missed a key payment for their mortgage, rent, loan or - Speech Link
Asked by: Fleur Anderson (Labour - Putney)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many people have been refunded by HMRC due to changes made by the Morse Review; and what the total amount of money refunded is.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
Following Lord Morse’s Independent Loan Charge Review in 2019, HMRC established the Disguised Remuneration (DR) Repayment Scheme 2020 to repay voluntary payments that taxpayers had agreed to make as part of settlements concluded before changes were made to the scope of the Loan Charge. Individuals and employers had until 30 September 2021 to apply to HMRC for a refund or waiver.
HMRC repays amounts that were paid in DR scheme settlements, and/or waives amounts of instalments due that have not yet been paid if certain conditions are met.
By the end of March 2023, HMRC had processed over 2450 applications, of which over 1400 had received either a repayment, a waiver, or both. Over 1000 of the applications processed at that date were either invalid or ineligible. The total value of repayments, waivers or both that have been made by that date was over £180 million.
Apr. 26 2023
Source Page: Immigration Rules archive: 12 April 2023 to 12 April 2023Found: 'Invested’ or ‘spent' excludes spending on: (1) the applicant’s own remuneration, (2) buying
Report Apr. 21 2023
Committee: Business and Trade Committee (Department: Department for Business, Energy and Industrial Strategy)Found: Disguised remuneration schemes facilitated by umbrella companies were also used as a means of tax avoidance
Apr. 19 2023
Source Page: Immigration Rules archive: 30 January 2023 to 11 April 2023Found: 'Invested’ or ‘spent' excludes spending on: (1) the applicant’s own remuneration, (2) buying
Asked by: Theresa Villiers (Conservative - Chipping Barnet)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the conclusions of the Morse Review, for what reason HMRC are pursuing people for pre-2010 tax years, in relation to Loan Charge legislation.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
In the 2019 Independent Loan Charge Review, Lord Morse recommended that the Loan Charge should only apply to loans made on or after 9 December 2010.
However, he was also clear that, for years before this date, where there is an open enquiry or assessment under appeal, HM Revenue and Customs (HMRC) should continue with enquiries and settling cases under their normal powers.
HMRC continues to work with and support taxpayers to resolve all outstanding enquiries and assessments relating to their use of disguised remuneration (DR) loans, in accordance with their published DR settlement terms and HMRC Litigation and Settlement Strategy.
Asked by: Daisy Cooper (Liberal Democrat - St Albans)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 7 March to Question 157046 on Tax Avoidance, how many of those taxpayers have been contacted by HMRC about those checks in the last (a) 12 weeks and (b) 12 months.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
HM Revenue and Customs (HMRC) currently has around 15,000 open compliance checks relating to a number of individual taxpayers who used Disguised Remuneration (DR) tax avoidance schemes before 9 December 2010, and which are not subject to the Loan Charge following recommendations made by the Independent Loan Charge Review. These compliance checks will include both open enquiries and assessments, and taxpayers can be subject to more than one compliance check at one time.
As part of its overall compliance processes and its commitment to update taxpayers at least annually, all of these taxpayers should have received correspondence from HM Revenue & Customs in the last 12 months.
Asked by: Daisy Cooper (Liberal Democrat - St Albans)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, pursuant to the Answer of 2 March to Question 157046 on Tax Avoidance and the Answer of 1 March to Question 152309, how many individuals are subject to open compliance checks relating to disguised remuneration schemes used before 9 December 2010.
Answered by Victoria Atkins - Secretary of State for Health and Social Care
HM Revenue and Customs (HMRC) currently has around 15,000 open compliance checks relating to a number of individual taxpayers who used Disguised Remuneration (DR) tax avoidance schemes before 9 December 2010, and which are not subject to the Loan Charge following recommendations made by the Independent Loan Charge Review. These compliance checks will include both open enquiries and assessments, and taxpayers can be subject to more than one compliance check at one time.
As part of its overall compliance processes and its commitment to update taxpayers at least annually, all of these taxpayers should have received correspondence from HM Revenue & Customs in the last 12 months.