2019 Loan Charge — [Mr Charles Walker in the Chair]

Part of the debate – in Westminster Hall at 3:03 pm on 20th November 2018.

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Photo of Ross Thomson Ross Thomson Conservative, Aberdeen South 3:03 pm, 20th November 2018

It is a pleasure to serve under your chairmanship, Mr Walker. I congratulate my hon. Friend Mr Baker on introducing the debate and being such a champion on this issue. My inbox and my surgeries have been inundated.

I represent Aberdeen South, which is the energy capital of Europe and the hub of our oil and gas industry. Many who worked in oil and gas were actively encouraged by their companies to get involved with such schemes, to set up a personal limited company and to get off the company books. Many did so for many years. Many felt assured that they were being advised by chartered accountants and tax advisers. Everything was above board. It was their belief that their professional accountant could not advise anything illegal, otherwise their chartered status would be revoked.