Mike Amesbury
Main Page: Mike Amesbury (Labour - Weaver Vale)Department Debates - View all Mike Amesbury's debates with the HM Treasury
(1 year, 7 months ago)
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Richard Fuller
The right hon. Lady is right about the importance of this issue. The United Kingdom absolutely wishes to move forward, and we would hope that the European Union would move forward apace with us to reach an agreement.
Mike Amesbury (Weaver Vale) (Lab)
The Economic Secretary to the Treasury (Richard Fuller)
The loan charge was announced in the 2016 Budget as part of a package of measures to tackle disguised remuneration tax avoidance. In the 2022 spring statement, it was estimated that the package would produce an overall Exchequer yield of £3.4 billion. The changes resulting from the 2019 independent review of the loan charge have reduced the Exchequer yield by an estimated £620 million.
Mike Amesbury
Too many ordinary people are facing huge bills, untold distress and, in some cases, personal harm and indeed suicide because of the loan charge scandal. Can the Minister and the Government now commit themselves to finally commissioning a truly independent review to deal with this mess?