Loan Charge

Part of the debate – in the House of Commons at 4:17 pm on 11th April 2019.

Alert me about debates like this

Photo of Adam Holloway Adam Holloway Conservative, Gravesham 4:17 pm, 11th April 2019

I thank my hon. Friend and absolutely agree.

My view has since shifted, however, as I have come to understand more about their circumstances. These people are not pocket Al Capones out to defraud the system; they are self-employed professionals who are contracting to different entities, paying their own pensions, without the protection of regular employment, and trying to avoid the complexities of IR35. I guess any of us would wish to minimise the tax we pay, and HMRC knew about those arrangements for decades and was slow in taking legal action, and inept in shutting it down.