A recent HMRC announcement that five people have been arrested on suspicion of fraud in connection with promoting arrangements designed to get around the loan charge, has been welcomed by the Low Incomes Tax Reform Group (LITRG). This follows repeated recommendations by the group urging HMRC to not only use their compliance and enforcement powers, but to publicise when they have used them, to ...

Guidance and draft legislation on the loan charge, following Amyas Morse’s independent review and the government response, have now been published. The headline is that the loan charge remains in place, although some changes have been made. We await further clarification on some aspects from HMRC, ...