HMRC Fails In Its Duty To Police Recruitment Agencies
By failing to enforce agency legislation, HMRC has failed tens of thousands of temporary workers, freelancers and contractors; and this failure – on an industrial scale – has cost innocent people dearly. When answering a written question submitted by Sir Iain Duncan Smith, Victoria Atkins, Financial Secretary to the Treasury recently confirmed that: Most agency […]
HMRC’s Self Employed Making Tax Digital Initiative Delayed
After a week of poorly kept secrets and rumours, today saw an official HMRC announcement delaying their flagship project Making Tax Digital. This is important for all self-employed people as it means you won’t need to report your income quarterly to HMRC until after April 2026. The quarterly reporting would be in addition to submitting […]
New Treasury Ministers Urged To Resolve Families’ Nightmare
The Loan Charge Action Group has written to the two key Treasury Ministers who will have responsibility for the Loan Charge in the reshuffled Government under Prime Minister Liz Truss. Both have previously expressed concerns about the Loan Charge and HMRC’s conduct, opening up the possibility that – if they stick to their convictions – […]
New FST Brings Hope To Loan Charge Victims?
With the newly elected Prime Minister Liz Truss has come some new ministerial appointments, including Andrew Griffith MP who became Financial Secretary to the Treasury yesterday (7 September 2022). It’s possible that the appointment will bring some much-needed light to the end of the tunnel for loan charge victims as Andrew Griffith is a member […]
Tax Professionals Propose Loan Charge Solution
The professionals, comprised of tax lawyers, tax advisers and accountants, led by Sarah Gabbai of McDermott, Will and Emery, have taken action due to the increasing concern about the impact on thousands of families if HMRC enforce the Loan Charge. They have come together to offer a new voice to the debates on the issue […]