adidas originals london Jeremy Corbyn demands Theresa May launch new tax avoidance probe
“Does the Prime Minister think it is acceptable that when it comes to paying taxes there’s one rule for the super rich and another for the rest of us?”
He told MPs the then Labour government intervened in 2010 to shut down an Isle of Man scheme used to import yachts into the EU as a way of avoiding tax.
He added: “A similar scheme has recently been exposed relating to the import of business jets into the Isle of Man.
“So can the Prime Minister assure the House that HMRC investigates these new allegations diligently?”
Mrs May assured Mr Corbyn that HMRC takes “seriously” allegations of tax avoidance which are referred to it.
She said: “We’ve secured almost billion in additional compliance revenues since 2010 through a number of measures that we have taken to ensure we clamp down on tax evasion and avoidance.”
But Mr Corbyn went on: “The Isle of Man VAT avoidance allegations are part of a wider leak from the Bermuda based law firm, said to be on a similar scale to the Panama Papers.”Will the Prime Minister commit HMRC to fully investigate all evidence of UK tax avoidance and evasion from this leak and prosecute where feasible?”
Mrs May said she had already provided an assurance that HMRC investigates and takes action on such matters as she defended the Government’s record.
Mr Corbyn later asked Mrs May to assure MPs that HMRC would get more resources to “tackle the scourge of aggressive tax avoidance and evasion” rather than suffer more cuts in this month’s Budget.
MPs approved a slimmed down budget in April in a bid to ensure tax and spending measures were in place before Parliament stopped for the election.
Mrs May said: “The top 1% of earners in this country are paying 28% of the tax burden that is the highest percentage ever under any government.”
She said Mr Corbyn was “wrong” over schools funding, saying billion extra will be put into the system over the next two years.