HMRC clarifies position on loan charge liabilities

Loan Charge Review Published

On the 20 December 2019 the much anticipated Loan Charge Review was published. Richard Coombs, tax partner at Bates Weston summarises its main recommendations and gives his thoughts on what may happen next.

What now for the Loan Charge?

Richard Coombs, Tax Partner at Bates Weston, looks at the outcry against the retrospective nature of the loan charge, effective from the beginning of April 2019. You would be forgiven for thinking that now that April has passed then the loan charge is now a done deal...