009: The Loan Charge – an Exclusive Interview with LCAG Founder Steve Packham

Following on from our recent podcast chat with a loan charge victim, we have an exclusive interview with Steve Packham, Founder of the Loan Charge Action Group (LCAG).  We created this extra episode to bring you an overview of many peoples experience of the loan charge, and to dispel the myth that it is somehow the victims’ fault for not spotting they are involved in a tax avoidance scheme.  It is disappointing that this inaccurate rhetoric continues to present loan charge victims as tax avoiders, so we wanted to bring you the truth, directly from the Loan Charge Action Group, as they have an informed view.

So join us for this conversation in which we discuss everything including how the legislation came about, the early day motion, the Loan Charge All Party Parliamentary Group, their alternative settlement proposal and of course the devastating impact on victims of the loan charge.  If you are in any doubt as to the facts, you need to listen to this podcast.

If you have no idea what the loan charge is, you can read about it here

Whatever your view about the legislation, the fact remains that the monies being sought by HMRC are life changing and impossible to pay for most people.  This has led to severe mental distress for some people who have no option but to consider bankruptcy, losing their house or other assets in order to pay their debt.

If you are affected by the loan charge, we recommend that you check out the Loan Charge Action Group (LCAG) which exists to provide information, raise awareness, and support affected people, visit their website: www.hmrcloancharge.info

You can also follow LCAG on twitter here

Share this podcast:

Sign up to our Newsletter

Follow IWORK on social

Subscribe to our Podcast

Latest Articles

News

EU Platform Work Directive IS Going Ahead

After several years of back and forth, a provisional agreement has finally been reached meaning that the EU Platform Workers Directive will now be going

News

Government Action On Dodgy Tax Advisors

The Chancellor’s budget was mostly a damp squib for our sector, with many of his announcements leaked in advance.  However, there was one point of

Don't forget to sign up to our newsletter

Subscribe to Podcast Series

Subscribe to our Podcasts through Apple Podcasts by following the links below:

All About Self Employment

Empowering Agency Workers

Sign up to our weekly updates by giving us your details below

Submit Review