Press & Articles
SOS as desperate loan charge victims call helpline - The Yorkshire Post saysIT goes without saying that there is a world of difference between those individuals who deliberately set out to defraud HMRC – and all those people who took professional advice before becoming unwitting victims of the loan charge scandal.
Loan charge is pushing people into homelessness and bankruptcy, says former Conservative Party leader Iain Duncan SmithTHE FORMER Conservative Party leader Iain Duncan Smith has written to the new Prime Minister Boris Johnson calling for a review of a controversial Government policy which he claims could cause bankruptcies and homelessness.
End this loan charge hell now, HMRC boss Sir Jonathan Thompson, before innocent lives ruined – The Yorkshire Post saysUNLIKE the very rich who use their wealth to minimise their tax obligations, people who took out the now hated loan charge were, in many instances, advised to do so and reassured that such a scheme was “HMRC compliant”.
Loan Charge APPG report exposes alarming abuse and malpractice by HMRCThe Loan Charge All-Party Parliamentary Group (APPG) yesterday published its Loan Charge Inquiry report, delivering a damning review of HMRC’s dishonest conduct in enforcing legislation the APPG claims was introduced to cover up the taxman’s own failures. Among the key insights and observations made
The Loan Charge Action Group Supporters Call for a Protest in Philip Hammond’s Constituency - Ritz SolutionsThe LCAG (Loan Charge Action Group) co-founder, Steve Packham has called up all the contractors to resist the Loan Charge, while doing so he described a historical incident. Back in 1215, King John of England was notorious for numerous violations against ancient customs and laws of England. The English Barons then held negotiations and got …
Jesse Norman must act now to end loan charge misery - The Yorkshire Post saysThe Conservative Party has prided itself down the years as being the party of business so it is extraordinary that the Government it runs is continuing to pursue a policy causing such misery to self-employed freelancers. MPs claim the loan charge has been linked with a number of suicides.
HMRC's defence of IR35 online status checker tool likened to 'climate change denial'In an open letter addressed to chancellor Philip Hammond and HMRC's CEO Jon Thompson, the tax collection agency's defence of its IR35 online status checker tool, CEST, is likened to climate change denial, as calls grow for it to be scrapped.
Members advised to seek independent tax advice on loan charge — Royal College of SurgeonsThe RCS has been made aware that some members have been unexpectedly affected by the new loan charge effective 5 April 2019. We are advising members who think they are affected or have received loan charge letters to seek urgent independent tax advice with regard to their position on the loan charge and in contacting HMRC.
Tax reforms creating NHS staffing and mental health crisisDr Iain Campbell says issue has likely caused an 11,000 reduction in the number of doctors in this country, and he believed the stress and anxiety is harming the mental health of some medics – including a surgeon who he said has twice tried to take his own life.
2019 Loan Charge - Tax Profession Must Stand Up to Retrospective LegislationThe tax profession has been buffeted by accusations of its collusion in tax avoidance. The professional governing bodies have changed their ethical rules and any statements seen as supporting tax avoidance are quickly criticised.
The new disguised remuneration loan charge regime: are staffing companies and "onshore employers" likely to face big retrospective claims? - Osborne ClarkeThe controversial loan charge legislation came into effect this month. This legislation creates a new one-off tax charge on disguised remuneration loans made on or after 6 April 1999 if...
A look at the new loan chargeThe Finance (No 2) Act 2017 has recently gained public attention for a controversial provision within it called the loan charge. While the charge was introduced with the legitimate goal of tackling tax avoidance schemes, it imposes a huge burden on some ordinary taxpayers and their families.
Key Findings and Recommendations of the APPG Loan Charge ReportThe report from the recent Loan Charge inquiry conducted by the APPG has now been published with the findings casting a very dark shadow over HMRC. Along with the Treasury, HMRC have been found to have acted inappropriately and well below the expected standards in their pursuit of liabilities payable. The key findings of the...