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

The hon. Gentleman is right that there is stress, but he should also be clear that a large number of people have been systematically using those means to avoid paying tax, and the potential amount payable is more than £3 billion. He should be protective of the tax base more widely when he reflects on those matters. He is right that HMRC is taking careful steps to ensure that it protects and supports those who may be in genuine difficulty, and those who have other personal concerns can of course be referred to outside agencies.