PARLIAMENTARY EARLY DAY MOTION
The Loan Charge (6 March 2023)

That this House is concerned that suicides have been linked to the Loan Charge and that despite the Morse Review, thousands face unaffordable demands, with the risk of further suicides; notes that most people facing action were mis-sold schemes and that HMRC are demanding scheme users repay disputed tax; further notes that HMRC have not requested action from people who recommended, promoted, operated the schemes; recognises that section 44 of the Income Tax (Earnings and Pensions) Act 2003 deems agency workers to be taxable as employees of agencies; believes that HMRC should have collected tax from agencies; criticises HMRC for transferring the liability to individuals alone despite its own historic failures; further recognises that HMRC are pursuing open enquiries for schemes before 2011 despite the Morse Review conclusion the law was unclear; calls on the Government to work with all parties to find a fair resolution; believes that a full independent investigation into the Loan Charge, including the conduct of HMRC is required; and further believes that taxpayer rights must be enshrined in law and enquiries closed after four years if HMRC fail to act.

Sponsored by:
Karl Turner (Labour)