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 […]
Chancellor Challenged Over 9th Loan Charge Suicide
Following news that a ninth person facing action by HMRC in relation to a DR scheme has taken their own life, the Loan Charge and Taxpayer Fairness APPG has written urgently to the Chancellor urging leadership and much-needed compassion and common-sense. The known suicide risk linked with the Loan Charge was first reported to HMRC […]
Yet More Loan Charge Devastation
Last week we heard the tragic news that there has been another suicide believed to be linked to the loan charge. Financial Secretary to the Treasury Lucy Frazer confirmed that HMRC has referred nine cases to the Independent Office for Police Conduct where a taxpayer has taken their own life and used a “disguised remuneration” […]
HMRC Grilled: Why Haven’t They Pursued Loan Scheme Promoters?
Over the years there has been a lot of talk about HMRC’s commitment to pursue promoters of tax avoidance schemes, however it seems that nothing has been done to tackle loan scheme promoters and MPs are demanding to know why. The Loan Charge and Taxpayer Fairness APPG has written to Jim Harra, HMRC’s Chief Executive, […]
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 […]