Guidance and draft legislation on the loan charge, following Amyas Morse’s independent review and the government response, have now been published.
HMRC have sent out 'notices to file' to people who they believe may have to report and pay the loan charge by the forthcoming 30 September 2020 deadline.
The loan charge is a tax charge that needs to be reported and paid by the 30 September 2020.
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.
The Low Incomes Tax Reform Group (LITRG) is calling on HMRC to pause any further action against taxpayers yet to meet their loan charge obligations.
HMRC are taking action (the April 2019 ‘loan charge’) against certain loan arrangements (‘disguised remuneration’ schemes) that were designed to avoid tax, leaving man
HMRC recently announced that anyone with income under £30,000 coming forward to settle outstanding liabilities will now be offered up to seven years to pay, no questio
Now that the loan charge has come into effect, it is time to look at some of the practical considerations around reporting and paying the loan charge.
The date of 30 September 2020 was the deadline by which those affected by the loan charge (who did not agree a settlement with HMRC), had to report the loan charge on
If you have been involved in a loan scheme and receive either a letter from an organisation (or their solicitors) purporting to now