Advisors Urged To Submit Loan Charge Evidence

MPs request evidence from advisors who represent loan charge victims to give an overview of their clients’ situation and experiences of dealing with HMRC.  Their insights will build on the harrowing evidence already gathered from those directly affected by the disastrous policy, so that HMRC and Treasury cannot continue to ignore the situation. The previous […]

Loan Charge “Utterly Crippling Anxiety & Suicidal Ideation”

The Loan Charge & Taxpayer Fairness APPG is set to publish the results from their recent call for evidence and has released some early details of one individual’s situation.  The impact goes so much wider than purely financial, which at an average bill in excess of 6 figures is bad enough.  Below is an extract […]

Loan Charge Evidence “Deeply Worrying”

In a letter to Lucy Frazer QC MP, the Loan Charge & Taxpayer Fairness APPG have outlined their early view of responses to their recent call for evidence on the loan charge: “We are in the process of compiling this evidence and will share this with you, but already we can tell you that the […]

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 […]

HMRC’s CEO Apologises For “Serial Avoiders” Loan Charge Letters

As reported by our friends at the Yorkshire Post, HMRC’s Chief Executive Jim Harra has officially apologised for loan charge victims being dealt with by the “serial avoiders unit” of HMRC. The All Party Parliamentary Loan Charge and Taxpayer Fairness Group (APPG) said that it is unfair and wrong to label those facing the loan charge […]

036 Loan Charge Settlement Proposal

Today we’re honoured to talk to two of the lead creators of the Loan Charge settlement proposal, Sarah Gabbai, tax lawyer at McDermott Will & Emery; and Keith Gordon, tax barrister at Temple Tax Chambers.  The Loan Charge is a piece of legislation that seeks to charge people tax on income that they received going […]

FCSA Quizzed About Recent Cyber-Attacks On Umbrellas

An All Party Parliamentary Group of MPs has written to FCSA seeking assurances regarding the recent cyber-attacks that have hit a minority of FCSA members.  The Loan Charge & Taxpayer Fairness APPG letter, dated 24 January 2022, is in relation to ongoing correspondence about FCSA’s Charter, and the concluding paragraph states: Lastly we note with […]

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 […]