Steve Barclay
We have also increased the penalties and consequences for those who devise, enable or use tax avoidance schemes. I draw the House’s attention, for example, to the disclosure of tax avoidance schemes regime, the general anti-abuse rule and the system of follower notices and accelerated payments, the last of which alone has brought in over £8.7 billion.
[Official Report, 25 February 2020, Vol. 672, c. 194.]
Letter of correction from the Chief Secretary to the Treasury:
An error has been identified in my contribution to the debate.
The correct information should have been:
Steve Barclay
We have also increased the penalties and consequences for those who devise, enable or use tax avoidance schemes. I draw the House’s attention, for example, to the disclosure of tax avoidance schemes regime, the general anti-abuse rule and the system of follower notices and accelerated payments, the last of which alone has brought in over £4.7 billion.