HMRC Loan Charge Review – repayment of settlement amounts

HMRC Loan Charge Review – repayment of settlement amounts

In this article Richard Coombs, Tax partner at Bates Weston looks at the HMRC Loan Charge Review  and the arrangements for repayment of settlement amounts. “Following HMRC’s recent amendments to the loan charge legislation in response to Sir Amyas Morse’s...
Loan Charge Review Published

Loan Charge Review Published

On 20 December the much-anticipated review of the controversial Loan Charge legislation was published.  Whilst there is welcome news for some, there are as many questions as answers and for many people, until further guidance is provided by HMRC, there is still no...
Treasury delays Loan Charge report

Treasury delays Loan Charge report

As a result of the impending General Election, the Government yesterday announced a short delay to the publication of the much anticipated loan charge report following the independent review into the controversial loan charge legislation. In a letter to Sir Amyas...
Loan Charge review announced by Government

Loan Charge review announced by Government

After extensive lobbying by affected taxpayers, MPs and other interested parties the Government last week finally announced a fresh review of the controversial loan charge.  Whilst this is welcome, a healthy portion of scepticism is required as the make-up of the...

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...