Back to News 6th Jan 2020 by Andrew Earnshaw TaxationWeb – Lee Sharpe: Lee Sharpe looks at the findings and recommendations of the recently published Independent Loan Charge Review, together with the government response. …But my greatest distaste is for the overall manner in which HM Treasury and HMRC responded as concern mounted over the Loan Charge. The Loan Charge APPG referred to it in their report, as already mentioned; we picked up on it again in MPs Warn HMRC is Out of Control. The APPG report holds roughly 10 pages detailing HMRC’s and HM Treasury’s misrepresentations, obfuscations and sheer bloody-mindedness. There is also a neat summary in the APPG’s letter of 2 April 2019 to HMRC’s Chief Executive and Permanent Secretary. In fact, the Loan Charge APPG’s Directory of Publications and Correspondence is a veritable treasure trove – remember, the APPG is composed of MPs, not ‘just’ taxpayers supposedly driven to hysterical claims by the prospect of financial ruin. (click text for full article)