HMRC are issuing discovery assessments to people who they believe should have submitted a 2018/19 tax return containing the loan charge and who either did not include it, or did not include it fully. Here we answer some of the questions you may have if you have recently received such a letter.
HMRC are sending determinations to people who they think have used loan schemes but have not yet filed their 2018/19 tax return containing the loan charge. A determination is an estimate of the tax due for a tax year, based on the information that is available to HMRC – this includes information ...
The Loan Charge and Taxpayer Fairness All Party Parliamentary Group (APPG) has launched a call for evidence to establish the reality of the situation for all those impacted by the Loan Charge. Here we tell you about it and also what else is going on with the Loan Charge.
The loan charge date of 5 April 2019 is drawing ever closer. If you reach a ‘settlement’ with HMRC before this date, then the loan charge will not apply. But you may be hearing or reading things that are stopping you from contacting HMRC about settlement and you may be confused about what to do for ...
The Low Incomes Tax Reform Group (LITRG) is urging low-paid workers affected by the 2019 loan charge to consider contacting HMRC about the option to settle – before they lose the chance.
The loan charge date of 5th April 2019 is drawing ever closer. HMRC say that if you want to reach a settlement with them to avoid the loan charge but missed the 30 September registration deadline, you should still come forward. Although HMRC cannot now guarantee to be able to reach a settlement with you before the loan charge arises, the earlier you get in touch with HMRC, the more chance there ...