Tax Avoidance

Treasury written question – answered on 11th January 2010.

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Photo of Vincent Cable Vincent Cable Shadow Chancellor of the Exchequer, Liberal Democrat Spokesperson (Treasury)

To ask the Chancellor of the Exchequer what estimate his Department has made of the cost to the Exchequer of tax avoidance through employee benefit trusts in the latest period for which figures are available.

Photo of Stephen Timms Stephen Timms Parliamentary Under-Secretary (Department for Business, Innovation and Skills) (Digital Britain) (also HM Treasury), Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

The information requested is not available, as HM Revenue and Customs does not record the amounts contributed to employee benefit trusts.

"Protecting Tax Revenues 2009", published alongside the 2009 pre-Budget report and available at:

http://www.hmrc.gov.uk/pbr2009/protect-tax-revenue-5450.pdf provides an illustrative breakdown of the tax gap in 2007-08 by behaviour. Figures for 2008-09 are not available.

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