2019 LOAN CHARGE IMPLEMENTATION

That this House condemns the UK Government and HMRC's implementation of the 2019 LoanCharge; notes the 2019 Loan Charge was introduced by the Treasury to tackle disguised remuneration tax avoidance schemes through which loans were paid instead of regular forms of remuneration; is dismayed by reports that HMRC's handling of the measure is reportedly leaving individuals facing bankruptcy or homelessness as a result; regrets that tax professionals advised clients to use the mechanism; instructs the UK Government to pursue these organisations; further instructs the UK Government to take steps to tackle tax avoidance and evasion more generally which it has so far proven unwilling to do; notes the importance of people paying their fair share for the public services citizens use, but also the expectation that taxes are collected in a reasonable and responsible manner; demands that HMRC now works with those with an outstanding balance to ensure a reasonable repayment plan can be put in place; further demands the UK Government as a matter of urgency puts in place measures to ensure those affected do not lose their homes or businesses; and instructs UK Ministers to meet with any Parliamentary group wishing to get assurances on the loan charge or MPs making representations on behalf of constituents.