Tax Avoidance

Treasury written question – answered on 4th June 2018.

Alert me about debates like this

Photo of Faisal Rashid Faisal Rashid Labour, Warrington South

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on the (a) economy and (b) NHS of the 2019 Loan Charge.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The 2019 loan charge is targeted at artificial schemes where earnings were paid in the form of non-repayable loans made by an offshore third party.

It is unfair to ordinary taxpayers to let anybody benefit from contrived tax avoidance of this sort, and that is why this government has taken action to ensure that everybody pays the taxes they owe.

Given the specific targeting of these contrived tax avoidance schemes, the 2019 loan charge is not expected to have significant effects on the economy or the NHS.

Does this answer the above question?

Yes1 person thinks so

No204 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.