Tax Avoidance
The question
To ask the Chancellor of the Exchequer, what recent assessment she has made of the potential impact of the loan charge on the mental health of loan charge users.
Answered by James Murray
In January, the Government launched an independent review of the Loan Charge. The Government believes the most important outcome of the review must be to bring the Loan Charge to a close for those people who still owe substantial amounts of money but can see no way to resolve their debts.
The Government recognises the impact that large tax bills can have on taxpayers, especially those who are in vulnerable circumstances.
HMRC continues to provide support for those affected, with agreed manageable payment plans and a well-established Extra Support Service. It has guidance and training in place for all customer advisors or settlement teams on identifying taxpayers who need extra support and providing reasonable adjustments to meet their needs.
Where appropriate, HMRC will signpost taxpayers to voluntary and community organisations and where needed, to a dedicated Samaritans helpline for specialist emotional help, where taxpayers can talk through their concerns and worries.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →