PARLIAMENTARY WRITTEN QUESTION
Tax Avoidance (16 May 2024)
Question Asked
To ask the Chancellor of the Exchequer, if he will make an estimate of the number of people who will need to sell their home to pay the loan charge.
Asked by:
Fleur Anderson (Labour)
Asked by:
Fleur Anderson (Labour)
Answer
HMRC will not force anyone to sell their main home or access their pension funds early to pay their Loan Charge or disguised remuneration debts.
Anyone who is concerned about their ability to pay what they owe should contact HMRC as soon as possible. HMRC can agree an affordable and sustainable instalment plan based on taxpayers’ specific circumstances and for as long as they need. HMRC can also refer taxpayers for free debt advice that is independent from HMRC.
Answered by:
Nigel Huddleston (Conservative)
22 May 2024
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