Important Call For Evidence: Loan Charge
UPDATE: deadline Friday 8 April 2022 In an important development, the Loan Charge and Taxpayer Fairness APPG has launched a call for evidence to establish the reality of the situation for all those impacted by the Loan Charge, whether they face the Loan Charge now or have settled with HMRC to avoid it. If you […]
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 […]
Government Must Answer Urgent Loan Charge Questions
The Loan Charge and Taxpayer Fairness APPG has written to the new Financial Secretary to the Treasury, Lucy Frazer QC MP, with 10 key questions on the Loan Charge that need answering, as they tackle some of the key reasons why the Loan Charge is fundamentally flawed, as well as unfair. The letter, sent from […]
Over 100 MPs Sign Loan Charge Letter
Over 100 MPs have signed an open letter to the Prime Minister and Chancellor urging a ‘fair resolution’ to the ‘Loan Charge debacle’ as HMRC’s own staff call it, following damning revelations from Freedom of Information requests. The information revealed by FOI has exposed three significant and serious things, that deepens the controversy around what […]
Devastating Financial Reality of the Loan Charge
Results from latest research by the Loan Charge APPG (All Party Parliamentary Group) show that most people cannot pay, the vast majority were mis-sold schemes, and many have subsequently lost income due to off-payroll rules and the pandemic. Between 16 April 2021 and 24 April 2021, 1,109 people participated in the survey, of which 78% […]
HMRC Responds to Loan Charge APPG Questions
In February 2021, the Loan Charge APPG wrote to Jim Harra, HMRC’s Chief Executive outlining a number of concerns in relation to contractors’ use of disguised remuneration (DR) schemes whilst they were engaged to undertake work for HMRC. Harra has now published his response which asserts the following: That HMRC did not withhold information regarding […]
How Contracting Should Work – MPs Inquiry Report Published
At the end of last year, MPs on the Loan Charge All Party Parliamentary Group (APPG) ran an inquiry into “How Contracting Should Work” and the report has been published today (08/04/21). The purpose of the inquiry was to consider the wider context leading to the use of disguised remuneration, so the report examines how […]
FOI’s Reveal HMRC Withheld Information from a Parliamentary Select Committee
Freedom of Information (FOI) requests by the Loan Charge All Party Parliamentary Group reveal that astonishingly HMRC withheld vital information from Parliament, including when questioned by the House of Lords Economic Affairs Finance Bill Sub-Committee in November 2018. The FOI requests concern HMRC’s engagement of contractors who were using disguised remuneration (DR) schemes, despite HMRC […]