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Loan Charge 2019: Sir Amyas Morse Review

Part of the debate – in the House of Commons at 2:34 pm on 19th March 2020.

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Photo of David Simmonds David Simmonds Conservative, Ruislip, Northwood and Pinner 2:34 pm, 19th March 2020

Everybody in the Chamber is going to agree with that point, but fairness and justice clearly extend to this Chamber making decisions that are appropriate for everybody. I am very mindful of what my hon. Friend Bob Stewart said about ensuring that everybody pays their taxes and everybody is treated fairly. I simply say this: there has understandably been a huge outpouring of sympathy towards people who did not expect to find themselves facing a very substantial tax bill because they thought they had done the right thing. I urge Ministers to be as helpful and as considerate as possible in approaching the settlement of that, but it is also clear to me, as someone who worked as a professional in the financial advice business—not as a tax adviser—when these schemes were being rolled out, that huge numbers of people avoided them, because they recognised that they were being asked to put something on their tax return that they knew was not correct. We therefore have to strike the right balance in how we deal with the issue today.