Loan Charge HMRC Settlement 2020-12-01
2020-12-01
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
Concern about the number of individuals and employers who have settled their use of disguised remuneration tax avoidance schemes with HMRC post Budget 2016.
How many and what proportion of people who have had settlement discussions with HMRC on the loan charge have reached a settlement. About 11,000 employers and individuals settled their use of disguised remuneration schemes between Budget 2016 and March 2020.
About 11,000 employers and individuals settled their use of disguised remuneration schemes between Budget 2016 and March 2020. HMRC is preparing a report to Parliament on the implementation of the recommendations of the independent loan charge review, due imminently.
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Assessment & feedback
Did not provide figures up to September 30, 2020 as requested.
Response accuracy
Q2
Partial Answer
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Context
Concern about process failings, errors and delays by HMRC that may have denied people the chance to settle their claims by September 30, 2020 deadline.
In circumstances where process failings, errors and delays on the part of HMRC effectively denied people the possibility of settling their claims by 30 September, will he commit to offering an extended settlement period to allow individuals the chance to settle their debts?
The settlement date has already been extended by eight months. This extension was important and gave individuals the chance to settle their schemes. The government is also taking robust action against promoters of tax avoidance schemes.
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Assessment & feedback
Did not commit to an additional extension beyond the existing one, despite process failings.
Response accuracy