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To ask the Chancellor of the Exchequer, what reports he has received on the extent of the use of trusts as tax avoidance vehicles; and what steps he is taking to tackle that use of trusts.
To ask the Chancellor of the Exchequer, what reports he has received on the extent of the use of trusts as tax avoidance vehicles; and what steps he is taking to tackle that use of trusts.
While most trusts are used legitimately, some people use them in an attempt to avoid or evade tax. HMRC review and challenge these arrangements as part of their risk based compliance strategy.
Of the avoidance schemes disclosed under the Disclosure of Tax Avoidance Scheme (DOTAS) regime since 2014, analysis at the point of disclosure indicates that around a third of them include trusts. However, the use of a trust may not be a material component of the scheme. The exact use of a trust will in many cases only become clear on further investigation.
Recent reforms have increased the tax transparency of trusts. These include international information exchange under the Common Reporting Standard (which includes financial accounts relevant to trusts) and a UK requirement that all trusts with a UK tax liability must register with HMRC’s Trust Registration Service.
My rt hon Friend the Secretary of State for the Home Department (Sajid Javid) has today made the following Written Ministerial Statement:
Today I am laying before the House the 18-month Statutory Review of the implementation of the Exchange of Notes on Beneficial Ownership between the United Kingdom, Crown Dependencies and...
My rt hon Friend the Secretary of State for the Home Department (Sajid Javid) has today made the following Written Ministerial Statement:
Today I am laying before the House the 18-month Statutory Review of the implementation of the Exchange of Notes on Beneficial Ownership between the United Kingdom, Crown Dependencies and...
Today I am laying before the House the 18-month Statutory Review of the implementation of the Exchange of Notes on Beneficial Ownership between the United Kingdom, Crown Dependencies and Relevant Overseas Territories.
In 2016, the UK, the three Crown Dependencies (CDs: the Bailiwick of Jersey, the Bailiwick of Guernsey including Alderney...
Today I am laying before the House the 18-month Statutory Review of the implementation of the Exchange of Notes on Beneficial Ownership between the United Kingdom, Crown Dependencies and Relevant Overseas Territories.
In 2016, the UK, the three Crown Dependencies (CDs: the Bailiwick of Jersey, the Bailiwick of Guernsey including Alderney...
To ask the Secretary of State for Transport, if her Department will make an assessment of the potential merits of making the HS2 Rural Support Zone scheme eligible for property owners through trusts that do not occupy those properties.
To ask the Secretary of State for Transport, if her Department will make an assessment of the potential merits of making the HS2 Rural Support Zone scheme eligible for property owners through trusts that do not occupy those properties.
Extending the RSZ schemes to non-owner occupiers in this way would be inconsistent with the eligibility requirements for statutory blight upon which the eligibility requirements of HS2 non-statutory property compensation schemes are broadly based.
HS2 property compensation schemes will be, however, kept under review for the entirety of the programme to ensure that people who are directly affected by HS2 are properly supported.
Under established arrangements people with special circumstances who are not eligible to apply under HS2 non-statutory property compensation schemes can request that their circumstances are considered atypically.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 April 2019 to Question 243573, how many of the over 60 schemes that have been disclosed under the Disclosure of Tax Avoidance Scheme involve trusts.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 23 April 2019 to Question 243573, how many of the over 60 schemes that have been disclosed under the Disclosure of Tax Avoidance Scheme involve trusts.
The Disclosure of Tax Avoidance Scheme (DOTAS) regime generally does not expressly require disclosers to tell HMRC whether a scheme involves a trust. HMRC review all disclosures under DOTAS and challenges schemes as appropriate as part of its risk based compliance strategy.
Analysis at the point of disclosure indicates that around a third of the avoidance schemes disclosed under DOTAS rules since 2014 include trusts. However, the use of a trust may not be a material component of the scheme or arrangements being disclosed under DOTAS, the exact use of a trust will in many cases only become clear on further investigation.
To ask the Chancellor of the Exchequer, which tax avoidance schemes involving trusts have been (a) notified to HMRC and (b) classified as harmful in the last five years.
To ask the Chancellor of the Exchequer, which tax avoidance schemes involving trusts have been (a) notified to HMRC and (b) classified as harmful in the last five years.
Tax avoidance deprives the Exchequer of hundreds of millions of pounds a year. Every amount of tax avoided means more tax for other taxpayers to pay, or less funding for our vital public services – our nurses, teachers, doctors, police and many others.
Introduced in 2004, the Disclosure of Tax Avoidance Scheme (DOTAS) regime requires those who design and/or promote tax avoidance schemes to notify HM Revenue and Customs (HMRC) where a scheme contains various ‘hallmarks’ of tax avoidance, or face a penalty. Once notified, HMRC send the promoter a Scheme Reference Number (SRN) who must give it to scheme users for inclusion on their tax returns. This alerts users that they are involved in a disclosed tax avoidance scheme. The fact that a scheme has been notified under DOTAS does not in any way signify that it has been ‘approved’ by HMRC.
Since 2014, over 60 schemes have been disclosed under DOTAS.
A list of tax avoidance schemes involving trusts which have been notified to HMRC over the past 5 years cannot be released because of HMRC’s duty of confidentiality.
HMRC challenge appropriate cases and raises awareness of tax avoidance schemes through its series of Spotlight publications which is available on GOV.UK.
Ten minute rule motion for leave to bring in a Bill. Agreed to on question. Presentation and first reading (Bill 351). To be read a second time on 22 March.
Ten minute rule motion for leave to bring in a Bill. Agreed to on question. Presentation and first reading (Bill 351). To be read a second time on 22 March.
I beg to move,
That leave be given to bring in a Bill to amend the Employment Rights Act 1996 to give charity trustees the right to time off work for the purposes of carrying out the duties of that office; and for connected purposes.
Charity trustees are the people across the...
I beg to move,
That leave be given to bring in a Bill to amend the Employment Rights Act 1996 to give charity trustees the right to time off work for the purposes of carrying out the duties of that office; and for connected purposes.
Charity trustees are the people across the...
I beg to move,
That this House has considered connecting communities by supporting charities and volunteers.
I am delighted that the House has this opportunity to discuss a subject so close to the nation’s heart: charities and volunteers. I am sure that everyone across the House will agree that these incredible people...
I beg to move,
That this House has considered connecting communities by supporting charities and volunteers.
I am delighted that the House has this opportunity to discuss a subject so close to the nation’s heart: charities and volunteers. I am sure that everyone across the House will agree that these incredible people...
Does the Minister agree that charities should remain autonomous and should not be interfered with politically? I am greatly concerned about a charity in Morecambe that is undergoing that process at this moment.
Does the Minister agree that charities should remain autonomous and should not be interfered with politically? I am greatly concerned about a charity in Morecambe that is undergoing that process at this moment.
I thank my hon. Friend for referring to something that is happening in his community and may be a worry. The Charity Commission plays an important role in giving us comfort in that respect. It is an independent registrar, and it is the regulator of charities. The Government
have recognised...
I thank my hon. Friend for referring to something that is happening in his community and may be a worry. The Charity Commission plays an important role in giving us comfort in that respect. It is an independent registrar, and it is the regulator of charities. The Government
have recognised...
The Minister has rightly paid tribute to the hundreds of thousands of volunteers—long may they continue, and I pay tribute to the volunteers in my own constituency—but does she think it right that voluntary organisations, including charities such as the Trussell Trust and other food banks, are in effect replacing...
The Minister has rightly paid tribute to the hundreds of thousands of volunteers—long may they continue, and I pay tribute to the volunteers in my own constituency—but does she think it right that voluntary organisations, including charities such as the Trussell Trust and other food banks, are in effect replacing...
rose—
rose—
I thank the hon. Lady for raising the importance of working across communities to support people in need. It is absolutely right for food banks to play their part, as they have for many decades through churches and local organisations. It is absolutely right that when people are in need,...
I thank the hon. Lady for raising the importance of working across communities to support people in need. It is absolutely right for food banks to play their part, as they have for many decades through churches and local organisations. It is absolutely right that when people are in need,...
Can the Minister comment on any discussions she has had with the devolved Administrations specifically about loneliness?
Can the Minister comment on any discussions she has had with the devolved Administrations specifically about loneliness?
I have had conversations with the devolved Administrations on sport and connecting communities, but I have not directly had any on that issue. I am however very happy to take that up and co-operate with colleagues across the House to work with the devolved Administrations. As a Wales Minister, I...
I have had conversations with the devolved Administrations on sport and connecting communities, but I have not directly had any on that issue. I am however very happy to take that up and co-operate with colleagues across the House to work with the devolved Administrations. As a Wales Minister, I...
I worked on social impact bonds prior to entering this place. One of the big barriers that social enterprises face in drawing down social impact bonds is the lack of expertise in unlocking these complex instruments. What support will there be within the fund to ensure that that money can...
I worked on social impact bonds prior to entering this place. One of the big barriers that social enterprises face in drawing down social impact bonds is the lack of expertise in unlocking these complex instruments. What support will there be within the fund to ensure that that money can...