TheyWorkForYou

Menu

Tax Avoidance

Treasury written question – answered on 4th December 2020.

Alert me about debates like this

Photo of Alistair Carmichael Alistair Carmichael Liberal Democrat Spokesperson (Home Affairs), Liberal Democrat Spokesperson (Northern Ireland), Liberal Democrat Spokesperson (Cabinet Office)

To ask the Chancellor of the Exchequer, how many people who have been in settlement discussions with HMRC on the Loan Charge have settled their case.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

About 5,600 employers and individuals settled their use of disguised remuneration tax avoidance schemes in the period to 30 September 2020, in addition to the about 11,000 employers and individuals who settled their use of disguised remuneration schemes between Budget 2016 and 31 March 2020.

Further information on settlements is available in HMRC’s report to Parliament on the implementation of the recommendations of the independent Loan Charge Review, which was published on 3 December: https://www.gov.uk/government/publications/independent-loan-charge-review-hmrc-report-on-implementation.

Does this answer the above question?

Yes1 person thinks so

No3 people think not

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

  • (Citation: HC Deb, 4 December 2020, cW)