Loan Charge

Part of Oral Answers to Questions — Treasury – in the House of Commons on 2nd July 2019.

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Photo of Jesse Norman Jesse Norman Financial Secretary to the Treasury and Paymaster General, The Financial Secretary to the Treasury

My right hon. and learned Friend is absolutely right and HMRC will continue to take firm action against those who promote tax avoidance schemes. As he will know, and I think has been made public, it currently has more than 100 promoters under civil inquiry. It is important to be clear that although there are no criminal offences of promoting or marketing tax avoidance schemes specifically, HMRC may conduct criminal investigations and make referrals to prosecuting authorities where, for example, there is evidence that promoters have deliberately misrepresented the facts to it.