Loan Charge APPG reformed and ready to continue the work challenging the Loan Charge

The All-Party Parliamentary Group on the Loan Charge has been reformed and will now re-register as an official All-Party Group, following a packed AGM which saw an unprecedented number of members turning up for such a meeting.

In a packed room, MPs and peers unanimously agreed to restart the Group and it was decided to have three Co-Chairs, Sir Ed Davey, MP for Kingston and Surbiton (Liberal Democrat), Ruth Cadbury MP, Vice-Chair, MP for Brentford and Isleworth (Labour) and Rt Hon. Sir Mike Penning MP, MP for Hemel Hempstead, (Conservative).

Working with them as Vice-Chairs will be Baroness Susan Kramer (Liberal Democrat), Sammy Wilson MP, MP for East Antrim (DUP), and Andrea Jenkyns MP, MP for Morley and Outwood (Conservative).

All the officers played a significant role in raising the Loan Charge in the previous Parliament. The meeting also agreed to re-appoint the Loan Charge Action Group as Secretariat.

The Group will now re-commence their important work challenging the injustices of the Loan Charge and will begin by looking at the review conducted by Sir Amyas Morse and the Government’s response. It will also consult with tax experts and those facing the Loan Charge. The next meeting of the Loan Charge APPG will be announced soon.

Sir Ed Davey MP, Co-Chair of the Loan Charge APPG (Liberal Democrat) said:

“I’m very pleased that the Loan Charge APPG has been reformed and we look forward to picking up where we left off and carrying on the vigorous scrutiny and dynamic campaigning we did in the last Parliament. Our work led directly to the Loan Charge review which we know will lead to changes to the legislation. We wish to build on this in the new Parliament to seek a just conclusion to this issue for all”.

Ruth Cadbury MP, Co-Chair of the Loan Charge APPG (Labour) said:

“It’s great that we have restarted the Loan Charge APPG, which made a very significant impact in the last Parliament, first of all with our Loan Charge Inquiry which exposed the Loan Charge scandal and then achieving an independent review led by Sir Amyas Morse. I’m pleased to be a Co-Chair of the APPG and look forward to working with Ed, Mike and all members to push for necessary changes to the law to at last deal with the injustice many people have faced”.

Sir Mike Penning MP, Co-Chair of the Loan Charge APPG (Conservative) said:

“I’m delighted to join Ed and Ruth as a Co-Chair of the Loan Charge APPG and look forward to asking the questions that need to be asked. With the support of our many members, we intend to keep challenging HMRC and the Treasury and pushing for the best and fairest outcome for those involved”.

[Ends]

Notes to Editors

1. The All-Party Parliamentary Loan Charge Group (Loan Charge APPG) brings together parliamentarians of all parties from both Houses of Parliament who have concerns about the nature and impact of the ‘2019 Loan Charge’ which came into force on the 5th of April 2019 and also concerns about the wider context of fairness of tax legislation and HMRC’s conduct. The Loan Charge APPG was formed in January 2019 and operated throughout the remainder of that Parliament and reformed in the new Parliament in January 2020. Once re-registered, it will be an officially registered Parliamentary Group, as described on the UK Parliament website www.parliament.uk/about/mps-and-lords/members/apg/.

2. The Officers of the Loan Charge APPG are to be as follows:

Co-Chairs:

  • Rt Hon. Sir Ed Davey MP, Chair, MP for Kingston and Surbiton (Liberal Democrat)
  • Ruth Cadbury MP, Vice-Chair, MP for Brentford and Isleworth (Labour)
  • Rt Hon. Sir Mike Penning MP, MP for Hemel Hempstead, (Conservative)

Vice-Chairs:

  • Rt. Hon. Baroness Kramer (Liberal Democrat)
  • Sammy Wilson MP, MP for East Antrim (DUP)
  • Andrea Jenkyns MP, MP for Morley and Outwood (Conservative)

3. Please note that the Loan Charge APPG website http://www.loanchargeappg.co.uk/ cannot be updated until the registration is complete.

4. The membership of the reformed APPG will be published on the website as soon as the Group is officially reformed (until then, the website will show the previous membership list from the previous Parliament).