Loan Charge

Part of the debate – in the House of Commons at 4:31 pm on 11th April 2019.

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Photo of Richard Harrington Richard Harrington Conservative, Watford 4:31 pm, 11th April 2019

What can I say in two minutes, Madam Deputy Speaker? Well, I will do my best.

I am a person who is naturally a bit cynical when constituents come to see me and I try to see both sides of the story, but in this case I had more than 160 constituents in the group in Watford to do with the loan charge. I commend Her Majesty’s Revenue and Customs—rather like Ruth George, I sometimes still call it the Inland Revenue—for its efforts to deal with tax evasion, but it seems to me that in this case it is not tax evasion. These were schemes put forward by accountants and schemes where people took on employment and were told that that was the way they had to do it.