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

I remind the hon. Gentleman that there were other signs that indicated to people that they were in tax avoidance schemes—for example, a very low or relatively low effective rate of tax. The signs were there and people would have been right to pick up on them. Even if they were mis-sold, that does not have a bearing on the question of whether tax is now due.